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


To: Jeff L. Payne who wrote (3228)2/10/1999 1:24:00 PM
From: FARcom  Read Replies (1) | Respond to of 4624
 
Yes it is a reaction to that but why are they taking these drastic measures?

<<<<<<<<Also, doesn't JNNE still own ANFS shares? What has happened to JNNE's investment as it relates to their assets/balance sheet? Think about it.>>>>>>>>>>>>

It hasn't been an asset for a long time...

We have a certificate still..It was declared invallid. As far as I know the lawsuit doesn't want the shares anymore...Now it's time to pay IMO. Since they have about 14 mill. on them from what I can understand of it.

JMO,
FP



To: Jeff L. Payne who wrote (3228)2/10/1999 1:25:00 PM
From: Double Dipper  Respond to of 4624
 
Jeff,

Your right, going private puts a whole new spin on assets. Especially, if they do it before the settlement. A judge may not want to award a settlement beyond assets.

Kevin



To: Jeff L. Payne who wrote (3228)2/10/1999 1:31:00 PM
From: Ritchmc  Read Replies (1) | Respond to of 4624
 
ANFS did raise about $14 million with this move, although they really screwed the stockholders who thought they had a $4 stock. Maybe they wanted to screw JNNE, although JNNE will settle for cash, not stock I am sure. Why would ANFS do this, lower the value of their stock by 75%? Strange move to say the least.