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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop" -- Ignore unavailable to you. Want to Upgrade?

To: Clyde Nazareth who wrote (1547)	11/20/1997 8:40:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 1985

Amber hold about 12% of the company's stock and has said they are "friendly" WRONG! Unless Amber has dumped 36% of all of the outstanding shares of JTS since their last SEC filing, they still own 48% of the stock in JTS..... See:http://www.techstocks.com/~wsapi/investor/s-7088/reply-1486 See Page 2 Item 13 here in the actual SEC Filing: sec.gov I suggest that you either misheard or were misled by the IR person. The stockholders meeting hasn't been held and Amber isn't about to let any shares go until they get 'the Amber amendment' to the JTS bylaws passed. And then, they will maintain at least a 25% position. 25% is the minimum holding required to be able to call for board meetings to be held. JTS is following an all too familiar pattern... the quarter ends and before the report is issued, the stock slowly tanks down another notch until the report is eventually released.... but then the stock has a new 'base' price that is a fraction of a dollar lower than it was the previous quarter. It starts to look like the new base price will be in the 1/2 - 9/16 range, down from the 3/4 - 13/16 range of August and September. Ben A.

To: Clyde Nazareth who wrote (1547)	11/20/1997 12:40:00 PM
From: Scott Sterling	Respond to of 1985

> 1. The plant in India is operating at about 33%. It has had no shut down like last > quarter. > I don't think that bodes well for earning this quarter. > Any opinions? Yeah. That sounds really bad. They just can't continue on as they are. It's one thing to be operating with reduced to no profit as the other drive companies are, and quite another to be losing money at the rate JTS is. The only way this company would have any value is if either they can find a substantial buyer for their 3" drives, or if they can find a computer company that can use 3 million drives to acquire them and fill the capacity up. The current situation where JTS tries to sell drives at a discount in a competitive pricing environment, and still can't find any buyers just can't last much longer and will ultimately end in takeover, bankruptcy, or both. Scott