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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 (3970)4/10/1999 12:57:00 PM
From: PistolPete  Read Replies (2) of 4230
 
I read that too.

I wouldn't accept "compensatory shares" as a means for Smith retain control of the company. As Asbjorn at Yahoo basically said, this would be a hell of a kick in the ass after all of the promises that Colin made about not increasing the sharecount. On the other hand, I don't know how there could be another explanation; I do not believe that Smith has anything close to enough money to buy that many shares.

Schuholding also writes off the lack of any evidence of a US auditor as pretty much SOP. I don't buy that one, either, but respect his opinion. To me, there was not only no mention of the auditor, but no evidence that anyone with even a beginner's competence in completing one of these forms had anything to do with it. How could a noted, regional US accounting house let a Form 10 go to the SEC with repeated sections in Spanish?

I was honestly hoping that the Form 10 would give me a reason to get back into this company but it has done the opposite and convinced me that this company is grossly mismanaged and poorly advised. If anything, I look at this as a "greater fools" kind of play now: might be able to make a few bucks on the inevitable hype, but no way I'd want to leave my computer screen with money in it.
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