Ann: General Meeting Letter to Shareholders, page-30

I agree completely, while the fundamentals still seem encouraging, it still looks as if there are a number of factors which could cause a considerable delay to any marked increase in the sp. If it stays around current levels for another couple of years, the opportunity cost of not selling and putting the funds into something more likely to succeed will get quite high. To be honest, the only thing stopping me from selling right now is that I would take rather a large loss, if the price goes back to maybe .025 - .026 then I already have another stock lined up which could go up 300% in the time it might take JAT to go up 50%. I'm sorry, but I no longer find all the hype about 5, 10, 12 and 30c per share to be very credible, it's possible of course but so is a price of under 2c. Sad to think how excited I was just recently to see someone buy 12m shares and believe that this heralded a marked up turn. Instead it was the ideal time to sell. I wish I had.