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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Galkowski who wrote (3471)4/12/1998 7:54:00 PM
From: IRVINESULLY  Respond to of 4571
 
Hi All...

Net's one month SI membership is up, and he didn't realize it, so he has asked me to post this on the board for him. As I have agreed, I guess you can include me in the "bashing" also...But go easy on me, as I do not think I came out of this "unscathed" either..(OUCH)..as I'm certain the rock throwing comment he was referring to came from my own two little hands<G>...

>>>>Networkthy:

I can't believe what I'm hearing on this, the SI (so called professional
thread). Sounds more like Yahoo right now. I've been contemplating
paying
the damn $125 to officially join the thread, but question the need as of
late. I've always held most of you in high respect as knowledgeable and
professional shareholders, but I'm becoming disillusioned by the tone of
recent messages.

Throwing rocks at CEO's, bashing emails, accusations of fraud, reporting
fraud to the SEC, etc. Some of you are acting like little children
whose
parents decided to go to the Grand Canyon instead of Disneyland. Next
you
will be charging Jim with child abuse, which may be more appropriate
considering your behavior.

I too am becoming highly frustrated with the price of the stock, the
PR's
and the lack of information on the quantity of gold production. But, I
would venture to say that each one of us has made mistakes in our
professional career. In time we learn to get it right, but some of us
take
longer than others. I think with Jim, getting the work done, the
financing
in place, the everyday duties are more important than keeping the
shareholders properly informed. I won't even get into a debate of what
"Properly Informed" means, as it means different things to different
people.
I also think he has underestimated the power of the Internet and how
important consistency in information really is in these days of rapid
communication via the Internet.

I think his intentions are honorable, but mislead. We were promised an
official web site, new liners, increased gold production, production
numbers
and openness, to quote Jim during the conference call "let me say that
we
try to be a very open mining company". Well, we haven't gotten
everything
we wanted for Christmas. Welcome to "Real Life".

Maybe we need to appoint a Shareholders Committee of sorts to represent
the
concerned shareholders to meet with Jim either by phone or in person on
a
quarterly basis, if not more frequently. As it stands now, I would
guess
that the BCMD office and Lionel are bombarded with phone calls and email
messages to the point were it really takes away from their everyday
duties.
Yes, I understand that's Lionel's job, but give me a break here, he has
to
answer the same questions over and over again and again, sometimes very
late
into the night. When is he suppose to have time to contact brokers,
MM's,
other PR firms, etc.? These are also part of his job and important to
the
future of this Company.

I think, no I know, that Jim will definitely get the message we are
trying
to send the Company over the past few days. I only hope he will take
the
appropriate action to address shareholders concerns. If not, then we
need
to approach him as a group in a professional manner without "name
calling",
"throwing stones" or "threatening to go to the SEC".

Now that I have had my say, those who wish to bash somebody can direct
some
of your anger my way. Just don't accuse me of being a BCMD Company man,
because I'm not. I'm losing my ass here and want open communication
from
management with answers too. It's just a difference in opinion on the
correct method of approach.

-Ken-

Send your frustrations and threats to: krw@mindless.com>>>>>>

So, there you have it folks....I guess, if you wish, please feel free to E-mail Ken...
But Ken, I can't help but think throwing a rock at them at the moment wwould feel good to me....It's the Irish in me..<ggg>..though I have to admit his post is a bit humbling...

My final thought to this, is if the shares were sold with a "good plan" for useage, then a simple explanation would have kept the reaction at a minimum...but this is what happens when the shareholders, who own a piece of the company, aren't informed.

Everyone, enjoy the weekend.

Talk to everyone Monday! Maybe we will know more...maybe we won't..Maybe a committee or appointed representative would work...would all depend upon whether or not the company cooperated and was open to it.

Ginny