To: Starlight who wrote (6703 ) 9/20/1998 9:06:00 PM From: MJCok Read Replies (1) | Respond to of 9695
Betty; I share your perspective regarding the 'complaints' on this board. Although much critical has been written, little has been said. May I suggest for all who have serious doubts, AND are holding stock. Compare JMAR to the Tech sector, Guess what, the entire sector fell. For those who complain about the 'business acumen' of management, remember this; Surgilase was years ago. The success story of Cal Asic, at least in my opinion, shows competence. They did not but Santa Fe Laser, for good reasons. There is frequently a difference between how a company is doing and it's stock. For examples look at XCIT, AOL, AMZN, and explain how these companies are pursuing a viable business model. However, I do wish I had purchased their stock, and sold last month. The aforementioned has been the heart of my mistake with JMAR, i.e. bad timing. More and more I believe the company is sound and doing better than ever and I still prefer to put my money in JMAR than the above mentioned high fliers. This is not a prediction of when it will perform, with today's market I don't know what to expect. I also welcome good critical posts. At the risk of being presumptive may I suggest the following. A good critical post would detail competition the company faces, or misleading accounting practices, increasing unsustainable debt, floorless convertible financing, or other tangible measurable facts. Poor critical posts include complaints about timing of news announcements; i.e. Why did they announce on a down Market day. If JMAR could control, or know, the Market on the day they made their announcements; they should get out of lasers, and establish a new major religion. They also include meaningless gripes about what management should be doing, or failed to do. If they are that smart, go get hired and straighten the company out. Similar are questions that could be answered with a simple phone call to the company, or as you so eloquently pointed out, DARPA. (By the way, that was a great line) Bottom line, if you own JMAR and have serious doubts about their ability to execute, then sell, you don't belong in this stock. No hard feelings, just go on to something you believe will perform. If you do believe they will execute, then hang tight. Success or failure isn't made in a day. Just ask Bill Clinton. There have been some very good posts, and questions placed on this thread. Let's keep the quality high. MJ