what can one say..., page-8

marcol...

This was an investment based on holding for the record date and a dual JPR/JBF strategy...as such, stop losses do not apply.

Significant due dilligence satisfied me to the likelyhood of a successful outcome for the IPO, followed by a new direction (and new asset) for JPR.

The end result would have seen exposure to two new entities.

Because all of the value in JPR (for now) is in the success of the IPO, exercising stop losses simply doesn't make sense... because JPR is not the IPO, just a vehicle.

JPR could fall to 1c for all I care...just as long as the IPO was a success.

All investigations on my part suggested the IPO was (still is) moving to plan...albeit in a tougher market than what we had 6 weeks ago.

I also expected at least one of those previously "committed" to the IPO might pull out...I suspect this is what has happened and may explain the rumour driven sell-down.

Until I hear otherwise from the company, hearsay on a forum is no reason to change ones views.

Admittedly however, the market is screaming loud and clear what it thinks...it may be right?

I am sure we will all be more informed tomorrow.

Cheers!