To: MRothaus1 who wrote (6708 ) 9/21/1998 11:23:00 AM From: Starlight Respond to of 9695
Falstaff, Michael -- I suppose I seem "impatient" with some of the comments made by Falstaff because I am here where the company is located, and I have attended several annual meetings, have spoken to company officers in person and have had numerous telephone conversations with more than one person in the company. As far as honesty goes, I've never encountered any "inconsistency" in what different people in the company have told me. My impression has always been that they are sincere, honest and forthright. They're also a very "brainy" bunch of people -- have you read the resumes on these guys in the annual meeting notice? If not, I suggest you do so. If they have made some missteps in managing the company, I think they have tried to make things "right" before mistakes have gone too far. Yes - some things in the past have not worked out as planned, but they've cut their losses and tried to concentrate on what IS working. This is not untypical of any start-up company. Regarding the stock price -- remember, ALL small stocks are out of favor and have been for some time. I heard a money manager speak last week, and he said he feels that small stocks aren't doing well because there have been too many IPOs in recent years, and analysts can't follow them all. If the analysts don't follow a company, institutional investors won't bother with it. The fact that Merrill Lynch participated in the conference call is very good news. Maybe JMAR will get some attention from them. I don't want to give the impression that you shouldn't be concerned about JMAR's lagging stock price or any of their developments that are or aren't happening as fast as we'd like. I'm just saying that I myself have found the JMAR people "credible", and I am comfortable waiting a little longer to get the "payoff". Betty