I totally respect what you are saying because it is the very same reason that I bought last year. However, I also think it’s fair to ask how long can investors continue to have faith in the fundamentals after the company goes dark? The last financial data we have is for 2nd quarter 2016, and the last news from the company is from same time period. I’ve been trading penny stocks for 20 years, and not once has a ticker I’ve been in come out of a dark period with greater than expected revenues or fewer than expected shares.
What is so unfortunate is that this is a time when the company should be firing on all cylinders. They announced new contract awards last spring, and folks were expecting the financials to continue showing strong revenue and profits. Couple that with the fact that the CCGI case and settlement is likely coming to a resolution very soon as indicated by the recent court actions late 2016… and JNSH trading action should be significantly stronger in anticipation of positive results.
I know people can say how few shares are available and folks know what they own, and will not be giving up their shares at these prices. But the fact is there has been very weak support at key support levels, and many shares have been picked up on the bid over the last several weeks due to impatient sellers. At a time when there should be excitement and momentum building due to how undervalued we are and positive forward looking events, the pps is floundering sub-penny and there is very little buying pressure.
IMO, the company has totally dropped the ball by not providing timely updates and keeping potential investors updated on things going on at the company, OTHER than the contract wins for JNS Power & Control more than 6 months ago. In more than half a year, they have provided no information to the general public that would make a new investor want to buy this stock.
