Saturday, April 16, 2011 8:42:49 PM
Let's say that everything is going along just fine at JADA. They're selling jade and making money. The simple problem is that management isn't communicating with their stockholders (owners).
Now, Morningstar shows Jade Art Group's market cap at $6 million. It also shows inside ownership at $1.9 million which represents 31.6% meaning that management does not own a majority of the company.
Someone could theoretically begin accumulating shares and once they reach 50.1%, take control of the company. Now, usually this type of idea may seem far fetched but consider that today, 50.1% is only just over $3 million. Get a group of six investors together and it's just $500,000 a piece.
Let's not forget that the market cap of JADA used to be over $70 million! Their next income in the last 12 reported months was over $8 million.
Sure sounds like a heck of a value to me?
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM