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I went and read part of Jupiters 10-Q released in November of 1999. Here is my understanding: Jupiter was organized as a LLC (Limited Liability Corporation) and owners were referred to as members.

When they went public the LLC was converted into a regular C-corporation in which owners are referred to as stockholders.

So "Total stockholders'/members' deficiency" represents the owners of the company. Since the company has been losing money the balance is negative. Thus the word "deficiency" as opposed to "equity".

I did NOT read the entire 10-Q, but this is what my understanding is.

Hope it helps.

Ryan
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