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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers -- Ignore unavailable to you. Want to Upgrade?

To: Double Dipper who wrote (155)	5/26/1998 11:26:00 PM
From: Brad	Read Replies (1) \| Respond to of 4624

Hi Kevin! I believe JNNE and Royal West Sales split the royalty/commissions. The percentage JNNE gets from an average mortgage loan is actually quite small, just as we might expect it to be. An average size mortgage loan is said to be about $180,000. Certain mortgage loan fees are charged to the borrower and it varies depending on the type of loan and the length of the loan, i.e. 15 or 30-year fixed rate, 15 or 30 year adjustable rate, etc. When all the fees charged are disbursed (with part of the fee actually being rebated to the Costco customer), there is a portion that is paid to Royal West Sales/Jones Naughton. JNNE and Royal West Sales split that amount. On average, JNNE gets about $65 on a typical $180,000 mortgage loan transaction. JNNE has NO active involvement in the processing. They simply receive a royalty/commission for assisting in the development of the program between AmeriNet and Costco. Gary Stines and Michael Fishman (both are part of Royal West Sales) also participated in the development of the program. JNNE's roll now in the Costco deal is that of passive beneficiary. However, JNNE can also negotiate other similar deals with other retailers. Kevin, I have had lengthy conversations with JNNE on this and that's how I understand it. You might want to call Patrick Rost and verify it. He knows the details (or can find out whatever you need). Hope this helps. Best wishes, Brad