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JLIC. A brokerage house that is sanctioned by

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jaxstraw   Tuesday, 11/02/10 05:34:57 PM
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JLIC. A brokerage house that is sanctioned by FINRA for investor fraud and failure to deliver.
It has no brokers in it's employ anymore and it's Assets/Liabilities are 1.8mm/17mm.
Yet it is being pumped as a viable concern by a crew on IHUB that descends on any Q play with a sub-penny price.

Since this company was a brokerage firm, you would think that the management team and all of the analysts who used to work there would have a pretty good idea of what the company is worth.

In that respect, the market should be super efficient such that there would be no bargain purchase opportunities from the general public.

Given all of the financial acumen that once graced the halls of Jesup and Lamont I find it hard to believe that the stock could plummet to the penny range if it was truly worth anything.


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