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

To: lostmymoney who wrote (235)	2/6/1998 1:11:00 PM
From: Saverio	Read Replies (2) \| Respond to of 1044

Mike: Maedel discontinued coverage and recommended to sell in his November 97 issue, because JBA unloaded Don Sharpe (one of his chums?) which Maedel considered was the dealmaker. From the recent news, it seems that Jaba is doing fine without Sharpe. I sold my shares in December because I needed the tax losses, but the unloading of Sharpe did not bother me; I am currently sitting on the sidelines with a view to reenter. Following is the release by Jaba as an answer to Maedel's article (allegedly, Sharpe was spending most of his time on non-Jaba business). Cheers. Saverio A message from John Guilbert, Chairman of the Board, November 21, 1997. A newsletter writer who has historically supported JABA in the marketplace has recently disparaged the Company over the matter of President Sharpe's resignation on November 6 of this year. As is almost always the case in matters of this sort, the whole story of Sharpe's 'resignation' cannot be related to the general public at this time. JABA's Tucson management team of John Guilbert, James Briscoe, Helayne Blouin, and Mardee Briscoe and the Board of Directors is totally secure in the knowledge that Sharpe's 'resignation' was not only absolutely required by his actions but also was the only path open to us for shareholder success. Had he not 'resigned', legal counsel has stated that JABA management would have been liable for dereliction suits by its shareholders. If Sharpe's 'resignation' constitutes "alienation of your financing source", so be it - it had to happen. The newsletter writer neglected to heed his own precepts and has misplaced his confidence. We view Sharpe's departure as a solid stride toward success, and we seek a dynamic, committed President to replace Mr. Sharpe and propel JABA into the future. As proof of this expectation, watch the news wire over the next fortnight.