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Monday, 03/29/2004 12:59:04 AM

Monday, March 29, 2004 12:59:04 AM

Post# of 576
Here is a pre-rally JRVR recap.

As of the Friday close, JRVR is now a locomotive ready for a massive rally this week. A newly transformed company with a former ADP executive making rapid deals and acquisitions, the market cap is still a tiny 3.9M at the closing price of .052. Clean financials, no debt and instantly profitable with new contracts. With recent acquisitions projected to add at least $1-2M revs to the bottom line initially, the PE ratio should see the PPS much higher soon. It seemed very undervalued and the market is catching up. Recent news of distribution channels for their software being established, there is alot going on here. The buying pressure has been fierce and has dried up the float. It has the makings of a big run up to a minimum of 0.10-0.15, but rallies like this, often for companies with less substance, often take the PPS from pennies to incredible heights. Witness last year the runs of NEOM to 0.43 and AGIS to 0.71 in a single day. The key point is the eventual intermediate valuation here should become at least double of what it is now while allowing for the possibility of higher price gains in the short term, which provides for a fine scenario to recoup your principal while having free shares to profit from the company's subsequent development. Bashers just arriving.

JRVR Links:

http://tinyurl.com/yw6e9

http://tinyurl.com/34v8g

http://tinyurl.com/2a4gu

http://tinyurl.com/2bglc

Go read the RB JRVR board and you'll see many investors are prepared to hold. Before 0.10 seemed like a nice target, but now many peoples' awareness of the implications for a much bigger move means the resolve to hold well beyond 0.10 is increasing. There will be alot of strength on the increase and probably not as much rapid profit taking as one might expect after the next double. Investors feel they have the MMs on the ropes and that the pressure on the limited supply of shares will stoke a big run now. I am surprised at how little buzz has yet to develop on the message boards, so when it does it could be getting successive waves of buyers. I only got 34 hits for a search of JRVR on Yahoo message boards. I posted on a couple of Yahoo boards, but not much since they delete you pretty easily now. Word will spread of its own accord now since I know many investors are telling others of their success with this stock so far.

Good Luck,
IvG

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