To: Bill France who wrote (2933 ) 6/2/1999 9:13:00 PM From: Nutty Buddy Read Replies (2) | Respond to of 4824
Everyone's optimism here is not totally reassuring. Volume and price action tell me that privy buyers are not active. Recent "big" news had no effect on the price or volume. Due to the price appreciation, JNNE is a big chunk of my portfolio. Whichever way JNNE goes, so goes my portfolio. Up would be nice, but I am getting a bad feeling, while watching the price dwindle, that the bottom might fall out in one big swat. I am glad some posters here have 20/20 vision when it comes to JNNE's upward future, my glasses are a bit blurred. The optimism gives me bit of comfort, but that is it. Chuca has a strong point regarding his reported conversation with Mr. Naughton. I have learned that a con-man can easily fool his followers with personality and fast friendly talk. I am hoping Mr. Naughton doesn't fall into that category. I don't think so, but you never know. For a 30 million dollar company, Jones Naughton really doesn't have much to show for it. Non reporting, one or a few kiosks, a web site under construction, some agreements with some names, an unsettled lawsuit. The value is purely based on potential. I am betting Mr. Naughton will be successful. It is ALL up to him. I support him with one hand, and hold his hand to fire with the other. He has a tough job ahead of him and I hope his priorities have the shareholder's and the business's interests at front and center. It is obvious that shareholder pressure is much greater today than it was 2 months ago. GoOn-Line must be up and running on schedule. Financial reporting with the SEC must be addressed soon. These are front and center for long term shareholders. The smart money will not accept anything less and will quickly leave us less smart investors in the dust. Buddy