JAWS;A P/E of 2 with 150%/yr Erngs Growth!! Message Board

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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

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To: katnipball who wrote (3957)	4/10/1999 11:11:00 AM
From: Zeus549	Read Replies (2) of 4230

Katnipball, I did have a little time this AM to review the Form10-12G that they filed yesterday. I've only done a very cursory look so am not getting too excited one way or another. First thing I was looking for though was to see who did the audit. I don't see anywhere on there that the CPA firm from Texas that I thought they hired some months ago to review this whole three year "peer review" did so? Did I overlook something. I see in another post that Pistol is asking the same question so I assume I am correct on this? I'll have to go back now and read some of their press releases but I was certain that somewhere they said they had retained a stateside CPA firm. I did see a couple of things that don't seem to add up. The sharecount at one point was less than a couple of quarters previous to it--that can't be right.The total share count is given as of 12/31/98 was about 18 million, but that doesn't tell us what it is as of today.I realize that this document apparently for accounting purposes appears to only go through the end of the year but at the rate they were adding shares, I don't have a great deal of confidence that the 18 million figure is correct. So far the biggest thing though for me is the CPA deal. The SLOGS on Yahoo have been insisting for several months now that this whole process was taking so long because this stateside CPA firm had to do a complete and comprehensive peer review and that that is why it was taking so long. Also didn't see all the footnotes that I hate to have to read all over the place on most audited documents. Frankly, at this point I don't know what to think overall just yet.

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