MJN - Tiger Ten, page-2

  1. 235 Posts.
    re: MJN Going Nowhere There are too many options maturing June 2003 with an exercise price of 20c. Holders are getting out of these options while they still have some value - 1.1c last time I looked, but because the company is unlikely to produce a strong cash flow in the ensuing 14 months, those getting out of MJNOB are not buying MJN because there is little upside. At least MJN is now controlled by people with their feet closer to the ground than the previous regime that believed its own hype.
    I used to own a heap of both MJN and MJNOB but got out at a substantial loss before the current board got control, so I like to watch what is happening with MJN, but recent announcements give me no hope for MJN's future.
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