check out this bomb

  1. 10,372 Posts.
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    Up front - I do not, and never have had any interest in JEL.

    But just for interest, check the performance of JEL since listing:

    Listed 7 mths ago (Sept, 02) at $1.00

    Missed it's prospectus forecast for Dec 02 by a country mile

    Company is now saying June 03 results will be abysmal, and well away from prospectus forecast

    shares last traded at 27c.

    MY POINT IS:

    What is the responsibility of the sponsoring broker in such a case?

    Obviously, the prospectus number's were crap, based upon dreams.

    Surely, someone is (who, I don't know) accountable for enticing investor's to buy stock on absolutely fairy-tale financial forecasts.

    If I did buy JEL in the IPO, at the recommendation of my broker, I reckon I would have a damn good case to sue my broker for lack of due diligence.
 
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