KowaBunga! Inc fka KOW (KOW)

[bohemianclubman]

abh3vt -

I have to admit, I have also been counting those shares. However, truth be told, after reading through the most recent SB2 filing, I see that the Jacobs trust was funding this company as early as 2002. At that time this company had absolutely nothing whatsoever going for it, except for a hodge podge of nearly worthless companies. Talk about risk capital! It is my strong opinion, considering those circumstances, that any and all filings by the Jacobs trust should be viewed as payment for risk taken that would have been intolerable for most investors. It appears to me that sales completed by the trust have always been controlled and for a rather unspectacular number of shares considering the trust holdings. In a way, the trust has provided some liquidity for new money that may not have been willing to "pay up." As liquidity increases I would expect trust sales to have no effect whatsoever on the share price.

In addition, and I got laughed off the RB board for this thought - when the trust sells, things are AOK at the company. There were no sales for over a month while we were waiting for fourth quarter numbers, which missed. I believe that when Mr. Jacobs realized that certain issues were going to reduce earnins, he instantly stopped his systematic selling. I could be wrong, but I believe that recent sales are a good indication that the numbers are back on track. Obviously we will know for sure very soon.

Regarding Personals Plus - can you believe how little THK paid for that company? Just another indication that these shares are alive and well and working hard to build nice shareholder value.

Bo