GREY:JNRRF - Post by User
Comment by
megphion Sep 30, 2003 8:13pm
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Post# 6476290
RE: Reality Bits
RE: Reality BitsYeah guys, I did sell some on Monday. I still hold some and plan on getting back in, but the waiting was killing me. I had an opportunity to probably double my money in less than a month somewhere else and I fugured I could double my money there faster than I could with JNR.
I still believe in JNR, Rick Kuzmirski, and more importantly Moore Lake. I will be back and hopefully with a bigger position than I sold on Monday. Unfortunately, the voice of infinite wisdom on this board, Guts, believes we will not see a deal before December and I took a chance that I could take a hiatus for a month. I still hold shares and still follow JNR.
This merger talk is also a concern to me as I believe that the people with the money will want to control the people with the property. The only group to merge with would be UEX and they have double the number of shares outstanding. I fear a merger where the new company is made up of an amalgamation of the existing shareholders at both companies, thus effectively giving UEX over 70% of Moore Lake.