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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!! -- Ignore unavailable to you. Want to Upgrade?

To: Jon Klaus who wrote (1752)	6/11/1998 1:18:00 PM
From: Wayne Rumball	Respond to of 4230

Well they got my attention at least. Dumped a bunch of losers and put all the cash into TGSK. Lets bust those dirty canadian shorts.

To: Jon Klaus who wrote (1752)	6/11/1998 1:55:00 PM
From: Ralph Bergmann	Read Replies (2) \| Respond to of 4230

Jon, I think there is in principal nothing to say against a huge cash position. I cannot follow your argument that a company has to pay a dividend to avoid too much growth. The growth depends on the decisions made by the managment, not on the capital. I think shareholder value is also based on a good dividend policy. But the worst thing a company can do on the long run is too pay a dividend this year and chancel it the next year for the case something goes wrong. I simply think the dividend is too high. Will they be able to pay it for several years? The value of a stock is basically founded in the confidence shareholders have in management. If this confidence is damaged the stock price can fall down to the ground. I could see this happen with ACTC. It is fastly growing company acquiring one company after the other. The stock price was rising from 3 to nearly 10$, when suddenly one major acquisition failed. They announced the acquisition of ABTE and one day later the management of ABTE told the are not in negotiations with them. The price fell down below 5$ without any change in their business, only because the confidence into the management was destroyed. As I said already I think they want to lift the stock price for some reasons. I am open to any other opinion. Regards Ralph