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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: John Gorham who wrote (868)	10/22/1999 12:33:00 PM
From: Alex	Read Replies (1) \| Respond to of 1044

JABA INC: Delinquent Filer; 6 Month Interim Financial Statements to Jun / October 22, 1999 JABA INC ("JBA-Y;JABAF-L") - Delinquent Filer; 6 Month Interim Financial Statements to Jun BCSC Delinquent Filer Notice for October 22, 1999 The issuer has filed material that has not been completed in accordance with the Act or the Rules, or National Instrument 13-101 for Electronic Document Analysis and Retrieval (SEDAR). Issuers in the category may have a cease trade order issued against them without further notice. Reporting issuers and exchange issuers (the "Issuers") are required to make periodic filings with the British Columbia Securities Commission pursuant to Part 10 of the Securities Regulation, B.C. Reg. 270/86. Tel: (604) 899-6500 British Columbia Securities Commission

To: John Gorham who wrote (868)	10/23/1999 1:30:00 PM
From: T.Bill	Read Replies (1) \| Respond to of 1044

John: Your discussion paper doesn't provide much comfort: Yes reverse splits most often turn up with stocks in a down trend, leading to your observation: "the chances are the shares will continue to drop whether or not there is an RS" Please don't come over to comfort me when things are really going bad! Also, regarding your percentage decrease argument: Bottom line is, a stock at 50 cents can lose 20 percent as quickly as a stock at 5 cents. You also have to look at the loss over a longer time period than one trading session. Your 50 cent stock can average a few cents down each day over a few weeks while your 5 cent stock repeatedly gains and loses a penny. You've also over-looked investor sentiment/hostility toward an RS, the psychological floor that may exist with a stock trading at a couple of pennies, and shorting strategies surrounding RS's. What I do agree with is that this company needs cash. The way to get it without hurting the faithful existing shareholders is through a rights offering to the common shareholders. As negative as I am right now, I would participate in such an offering, rather than have the dilution work against me! T.Bill.currently.disappointed.in.management.