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

To: Chuca Marsh who wrote (875)	10/23/1999 8:25:00 PM
From: Anthony Marra	Read Replies (2) \| Respond to of 1044

A question or two and some comment. If all these properties that JABA has claims on were really worth anything, why aren't the major players buying up the stock like crazy? They can't be waiting for it to get any cheaper! Surely they can interpret the geology and assess potential better than the average investor (like me) with no geology/mining training. What happened to the 4 billion pounds of copper that was going to drive share prices to $150 or something? If that was real, even at depressed copper prices and no one getting it out of the ground, the potential alone should bring up the value of the stock dramatically just in anticipation of future recovery or the potential for someone to buy it out- or am I missing something? Remember BRE-X? No substance, just hype and the stock went through the roof. Can't get away from the fact that the stock market values companies based on results or potential for results- and these folks don't seem to have any of either. The company is worth zero right now whether it has 2 million shares outstanding or 20 million because nobody wants their shares or what the shares represent - its on the board at 2 cents just to keep it alive and give penny stock traders something to do. It will end up at 2 cents after the RS in my opinion because there will still be no demand for its shares. An RS does not change the fundamentals of the company. They have the same management, the same properties, the same potential, and the market will still view it all as valueless. I am disappointed but I bought in the teens having watched it drop from about $1.50, so my exposure is not that great. I'll probably keep it till it disappears and watch it drop again! I have bought shares in 3 other companies which did reverse splits (different industries). One crashed. I've held the two others for several years. My multi-thousand $$ investment in either has never exceeded $300 after the reverse splits even though the companies are still alive, have restructured, changed business plans, etc. (Some people never learn!) Some companies just can't get their act together. So now I'll have four I can cry over.