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Well today was interesting.
Little to no volume and a massive hit to the share price. Something is amiss. It will probably surface soon via pr, but something this past two weeks has been in play and privy to only a select few.
My opinion of course. I still hold hundreds of thousands of shares of this crap and should have ran years ago.
Pretty soon it will need to be a 50:1 just meet the price qualification.
I don't understand why it held .28 for so long and has now decided to down trend aggressively. Something must be up but sales seem to be consistent. How they move their earnings and give away shares as compensation is the problem. Looks like a self-absorbed pyramid that will never give back to the shareholder.
I certainly jumped in the wrong gold boat. Man this is brutal. Figured a reversal was in the cards at some point but appears there is no end in sight. This thing is worse than a penny stock.
Insane beat down. Will it ever recover?
Down 60% in less than 30 days.
Are the miners really in that bad of shape when compared to gold?
The disconnect seems far to wide and overly exaggerated.
Well, why the hell don't the hedge funds short and manipulate JDST now that they've torched JNUG. Should be able to play both sides? Help a brother out seeing as they would win on either side. Seems there's more room to run JDST down now that the reverse has lofted the share price.
Would allow me to get my punch bag back in business.
Spot on
Yes. Me too. Grabbed some beer money in the low 2's.
They did exactly what they wanted to do. Elevate the share price as best they could through bullish!t pr's to sucker in some retail investors, then dilute the p!ss out of it to settle as many creditors and debtors as they could, while dumping options and stealing what was left.
Potential existed but she was too heavily damaged to create a new business model and direction. A new start-up would be far easier w/o debt with a new image and campaign. JAMN was heavily tainted. No point in saving a dying whale.
This company has one direction...
Dilute and dump into oblivion. Going down another 20% today, tomorrow, the next day, the next day. Well you get the picture.
No point to save her anymore. Free shares to creditors and to settle debt until she goes t!ts up.
Gold goes up....it goes down.
Gold goes down.....it goes down really fast.
Poorly managed fund. Uninvested stagnant excess cash. Disconnected to gold. Junior minors are taking a beating even with gold up, therefore jdst has risen accordingly. The reverse split created the greater discrepancy.
It will
At least NUGT trades somewhat logically.
Thanks to the managers group at jr. Headquarters just keep tripping on their own d!cks. Couldn't anticipate and manage a demand for their product and immediate use of a cash surplus. Rebalancing timing will be crucial. A smart man would wait to see what the gold market looks like when rebalancing is executed.
500,000 female soldiers. Jong must be working on population control also.
iyiyiyi
American Ground troops enlisting in record numbers hoping for immediate deployment to North Korea in hopes of engaging in hand to hand combat.
Then nice support at 4, then 3, then 2.
There will be no recovery. Dilution into oblivion....
Rodney tell me what to do!!
Sell, sell, sell....
Then,
Buy, buy, buy.....
Glad I'm not in this sinking ship alone.
You holding and hoping or jumping ship?
I keep thinking it can't go lower and at some point has to use the higher gold price as a safety net, but clearly there is much more in play here.
This thing will be $4 post split.
How is this legal!!
Boy did I get my a$$ handed to me. What a great way to play gold.
Or .0007's. Volume starting to lighten. Not a good sign. Thought about getting back in for a quick flip but looks to be mostly selling with no support.
Dang. I was wrong again. Oh well. You guys have a beer on me.
Let's recap....
So the managers of the JNUG fund and holdings diluted the share count to their available ceiling because there was a demand. Took the money from those shares and held it rather than invest in gold related stocks or juniors which is why JNUG didn't participate in the recent gold rally. They sat on cash. Some of the junior minors they did hold were manipulated by institutional sell-offs and large short position were put on JNUG by hedge fund managers knowing there was no way for JNUG to move up.
Now they will be rebalancing their holdings to include investments and minors of their choosing with the cash coffers. A little late to the party I would say. More than likely intentional. Is this all not very illegal and the result of insider knowledge and privy information?
Even if that is the case, JNUG shouldn't be retreating this aggressively unless their existing holdings are all getting pounded, which should not be the case with gold up. I guess the future of JNUG depends on where they put the cash to work. How much time do they have to rebalance the fund? If they load up on minors quickly that have been suppressed by institutional selling and without merit while gold holds up, Q2 should be thru the roof! Providing they get those minors on discount.
Just trying to make sense of this nightmare as there appears no upside regardless of what gold does and until the rebalance and holdings has been disclosed. What a pile of $hat I got into.
Good idea. I'm in.
Nope. Like a watermelon off the top of the Empire State Building. There'll be nothing left when she stops falling.
She gone baby gone.
Glad I got some beer money out of my half million share flip. Now a flop. As *NSYNC so awesomely put it.....
Bye bye bye....don't wanna be a fool for you. Just another player in your game for two.
See ya suckers
Well so much for that pipe dream. JNUG behaving badly premarket.
They are lighting em up at Nells near Vegas too. All hands on deck for something. Testing mid air refueling. More activity than normal for certain. Never before seen sounds and sights coming to a North Korean theater near you. Something wicked this way comes.
Good luck.
Sounds like you may have a little MJ in your coffee right now.
Just kidding of course.
It's a fragile and unpredictable space that many are dipping their wick into. Only the best of the best will survivor with more than ample cash and full awareness of regulation and cost to market. Brick and mortar cost 10's of millions just to kick off the first couple of stores. Then it needs to be a proven and successful model before it will grow. Tough road my man.
Best of luck to you! There may be some momentum purchases on the news which might drive the short-term price. So who knows. Hell, just for fun, I might buy half a million shares for some beer money next week.
Makes perfect sense. Can't manipulate the real so algo the hell out of the triple leved etf's that get pummeled during volatility. Their Algo's create the volatility and they short the side they chose to play with. They're beginning to lose the fight.
The spring seems cranked tight at this point and should be ready for lift off.
Agreed. MJ blind arrow. Google the number of companies on the exchange tied to the MJ sector. A small few will succeed and make people millionaires while others will drift into the abyss. Similar to the dot com era near late 1900's and early 2000's. Companies in turmoil with no revenue stream chase the hot sector and pump it while reversing splitting, diluting, and issuing options along the way.
The coffee sector was similarly hot about 7-8 yeas ago when JAMN and several others popped up and did well. Green mountain blazed the trail. Short term upside exists here. Wishful thinking and hope will bring buyers. Fortified coffee with MJ sounds great to me but will be a long road. Just don't see JAMN surviving.
Disclosure: I've held JAMN common several years ago and have followed since then. Still holding JCOF, now YGYI, similar at the time to JAMN, which I entered into at the same time I held JAMN. YGYI maintained its fortified coffee division while expanding in MLM. Grew to well over a 100 million in revs but still hasn't helped or done anything for their shareholders. Seven yeas later...dead money full of promises. These little guys feed their pockets while hanging their shareholders out to dry.
GLT whomever buys this lotto ticket
It seems to me by reading their submission that the problem exists in maintaining the integrity of their defined holdings which is outlined to contain at least 80% of such tied to junior minors and gold. That junior minors valuations have been greatly surpassed by the the assets held by and valuation of the ETF creating a dilemma of superiority and potential manipulation of the sublime assets they are made up of. Thereby creating a divergent and potentially unscrupulous modification to their holdings resulting in a refined ETF purpose.
I may be interpreting this wrong, but this is certainly not a bad thing. The concern lies in what they do with the cushion meat. If they take on more currently valued assets tied to gold but not junior minors, then a retreat in gold puts a quicker decline on the etf as they haven't benefited from the recent run up. However, if gold continues its uptrend, the upside of JNUG would be amplified. Either way, there should be a reset with a strong gap up to correctly value the etf. The minors held will show their numbers at some point but certainly should be consistently up not tumbling as some have shown.
We shall see, but I see this as a positive showing of the cards which is good for investors holding her into this revelation and should spring board into Monday's premarket and open. This is not my cup of tea but seems logical.
There is another side of the coin that could be looked at, in that the juniors valuation held doesn't match that of the current valuation of JNUG. That is not what they are stating and would call for a gap down.
Nug jr got its kick in the pants. Reset. Should gap up strongly Monday. Convergence towards Sr. Let's run when the bunny is done.
Yeah. I kept waiting on JNUG to play catch-up but it appears that it never will. I'm up 35% on my smaller NUGT holding and flat on my larger jr holding. Chasing a 10% loss from the decline last month. Almost even, but had I moved it into NUGT fully, I'd be up substantially. To be even since this gold reversal is a complete waste of this rally. I'm giving it one more week. If gold reverses slightly, I'm out and going to dry powder. GLTY.
NUGT holding up just fine. JR getting clobbered. Not sure if JR is leading the way or lacks technical support but they shouldn't be running in opposite directions. Coaches Challenge!
So JNUG leading the way....NUGT to follow?
Down 10% for no reason what so ever. I'd hate to see what would happen if gold dips even slightly ....$5's in a heartbeat. Pathetic POS. This thing has no support or fair upside. They can have my 5000 shares back. I'm out. Moving into hemp.
Something very shady going on here.
Way way behind. The spread has been widening since the run up in gold. Not sure why GDXJ/JNUG is being so heavily manipulated and being held down while everything else runs.
Premarket disconnect. Makes no sense.
Should be at $12 right now. Frickin spring remains fully loaded. Hope no one got suckered into the retrace. We go up now.
Reminds me of my ex-wife. A great day was burnt dinner. A bad day was no dinner and a swift kick in the nuts with a steel-toed boot. Like her, Nug jr shows no mercy. Time for a divorce from this ruthless POS.