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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: TScott who wrote (4430)	4/14/1999 3:34:00 PM
From: Peter S.	Read Replies (1) \| Respond to of 4571

The ask is still $5.25. Blame the weak if you must. Otherwise quit whining. We didn't hear any complaints when it was $6 for several days. This won't happen overnight. It might not happen at all. Peter S

To: TScott who wrote (4430)	4/14/1999 4:40:00 PM
From: SurfCa2	Read Replies (1) \| Respond to of 4571

Good question. Reverse splits are the kiss of death. In my 10+ years of investing, I've had perhaps 6 stocks that did reverse splits. All 6 were gone within 6 months....MAYBE, BCMDDDDDDDD will be the exception.

To: TScott who wrote (4430)	4/15/1999 1:04:00 AM
From: DDS-OMS	Respond to of 4571

If a reverse split is done in an attempt to maintain listing and nothing else changes, a weak stock before a reverse split is still a weak stock afterwards--and will continue its previous slide. This reverse split was not done with listing in mind--although I'm sure getting small cap listing is very important to Bootes--the primary reason was to give JAB an ~88% ownership of BCMD stock. Assuming there were around 6,000,000+ shares presplit, there would now be 500,000 shares outstanding--with another 3,500,000 restricted shares issued to JAB. All these numbers are approximate. I think this ridiculous spread is due to market makers playing games with a miniscule float. The float is far less than the 500,000--I don't believe many, if any, of those restricted shares issued circa Feb-Dec 97 were ever able to be sold. I know I had 1,000,000 shares before the 1-10 and 1-12 rev splits--that are now 8500 shares--and haven't been able to register them. Bond's threat of a lawsuit indicates his and his customers were never registered either, and I believe that the Sterling principals shares were never registered. Float might be only about 300,000.