From my point of view,
the truth or fallacy of statements from the company are probably the single most important aspect of this stock. I get labeled a basher from time to time these days, which makes me chuckle since I was probably one of the foremost cheerleaders behind this thing last year, but the simple truth is that I still like the concept of what JAWS represents...a small, growing company, positioned to do significant business in Latin America...but cannot get away from what appears to have been deceit on the part of management. How many times can you accept a doubling (or more) or the float, on virtually a quarterly basis, while the company is telling you that there will be no significant increase in shares out? For me, the answer was: four times. Meanwhile, I watch and wait, and am still ready to buy back into this thing in a pretty big way (price-wise, its right about where I left it in November, after all) if just one truly believable and verifiable report comes from the company that is signed by a reputable, American, accounting firm -- one that is willing to put its own ass on the line in support of the claims made.
There is no way on earth that this stock would not be trading over $10 today if the myriad mistakes had not been made. As much of a travesty as that may be, I still think that kind of future is possible if they get their act together, but not until. |
