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Microcap & Penny Stocks : JNNE - Jones Naughton -- Ignore unavailable to you. Want to Upgrade?

To: david sandel who wrote (588)	8/12/1998 10:39:00 PM
From: Kiff	Respond to of 607

I was wondering the same thing Kiff

To: david sandel who wrote (588)	8/13/1998 8:36:00 AM
From: sunshinestate	Respond to of 607

no i doubt it

To: david sandel who wrote (588)	8/13/1998 9:55:00 AM
From: clutterer	Respond to of 607

Call Patrick Rost, last I spoke with him he emphasized NO REVERSE SPLIT. Please verify for yourself. Picking up more today.

To: david sandel who wrote (588)	8/13/1998 10:51:00 AM
From: Brad	Read Replies (1) \| Respond to of 607

David, Not only has JNNE stated that a RS in NOT in the plans, I can see no logical reason for them to even want to do something like that. If, for any reason, they wanted to issue shares for a new acquisition or something like that, they have plenty of shares available to do that. As I see it, there are only three reasons any company does a reverse split... 1) When they have run out of available shares authorized to be issued. 2) When they have to bring the share price up to meet a minimum requirement, such as retaining or meeting a listing requirement. 3) Stupidity, because the price will drop thereafter for any other reason. JNNE says they have NO plans for any reverse and I believe them. It just makes no sense here.