Agreed, would be nice to close that. But the Bid and the Ask ARE moving up, so at least its going in the right direction. ;)

Looks like the situation is some buyers want cheap shares (0.0115), but sellers are willing to give it up only at 0.023. Occasionally a stubborn buyer comes along and picks up the shares at the Ask. So its clear that there are no shares to be obtained cheaply here.

In my opinion, the trading action the last few days seems to indicate slow accumulation by someone who thinks these prices are cheap. Also, the jumps from 0.01 to 0.02s indicate that the shares are all in strong hands and so any deliberate buying pressure will trigger a strong run up.

I don't think we'll have to wait too much longer.. :)

Yeah, I'm certain that JNSH has included the opportunity cost in its damages and for some reason if its not able to complete the business in time, it's well compensated.

That said, I won't be surprised to see the deadline extended for the City by the Fed to complete the installations once JNSH wins the case.

Unfortunate, but guess we'll have to wait 4 more weeks for more news regarding the case.

In the meantime, we could get out Q3 results by mid Aug. So, something to look forward to. ;)

Hmm that is interesting.. I would've at least assumed there would be a re-scheduling if not a date set for a ruling.

This smells like a settlement if there are no updates until the end of the day or Monday, assuming they are prompt in entering this information in and there isn't a delay in making the updates.

As I said earlier, the judge today would've elaborated on the possible ramifications if CCGI were to lose the case (in addition to wasting more time), which could included settlement costs, loss of revenue costs(if JNSH is not able to complete the job due to the interference) and lawyer fees. If the case were to be settled early, they may be able to avoid that. Seeing that they are at the end of their wits, they may choose to settle. (Terms of settlement might take some time, but they may have decided to not proceed with the case in court).

Its obvious to the knowledgeable folks that CCGI is fighting a losing case, and they must've just realized that stalling tactics have a cost too. Although I would like JNSH to squeeze all they can out of CCGI, right now I just want this settled and JNSH to be able to go back and get to work. Remember, they have a subsidiary formed and ready to start working on this.

Fingers crossed, we hear some good news today/tomorrow.. Else, at the very least, I'd like to see a ruling date set for the first week of August.. that way, worst case we wait for another couple of weeks or so.. Its time we ended this one way or another..

Any update to the pacer ?

There must be something that indicates what went down in today's motion status hearing...

I don't follow. The market is waiting on the case just like the last few weeks. Nothing's changed there.

Except a stubborn buyer showed how thin the ask was.

Once we get the results of the case we'll see the real run. IMO.

Is this the one you are referring to..

https://www.ilnd.uscourts.gov/DailyCal/0.htm

Any update on the motion hearing ?

Even the gathering of dark clouds is exciting to a drought affected land. :)

The rains are coming....

Hmm.. some decent buys at the ask (decent compared to recent times). Does anyone have an L2 snapshot handy ?

This is definitely interesting (positive) action.

Though, a settlement rumor, IMO, would probably propel this to 0.02 at least, and then the actual settlement would then put this on HOY territory at least at 0.035 or so.

In any case, I'm liking the action. Even the smallest consistent volume of buying sends this up in a hurry.

We're not too far away from the run up to a nickel.. Hold tight!

The way I see it, the judge is aware of the time sensitivity on the case and so even though its unlikely a ruling will be announced at a status hearing, a settlement cannot be ruled out.

The status hearing is in place for the parties to meet in the presence of the judge and hope to hammer our a settlement than go to court. The judge will also be keen on closing this soon due to the earlier mentioned time sensitivity.

For example, the judge might say that if the case goes to court, they will be on the hook for all the lawyer fees, and if the delay causes JNSH to not complete the installation, then they may on the hook for a portion of the 'lost' earnings as well. Now, they can take the chance and go to court, or 'settle' with JNSH saying they give up the Chicago Assets in exchange for JNSH not suing them for damages.

So although there will not be a ruling for certain, there could be a settlement (though chances are less).

Will we get a paint job three days in a row ? ;)

(not that is matters as the volume is negligible and closing prices mean very little to a trained investor)

That said, its hilarious that someone thinks this will make a difference. Charts mislead more than they reveal when it comes to penny stocks IMO.. Just go by fundamentals (long) or momentum (short)..

Once again, I'm impressed and thoroughly satisfied with the way JNSH has responded to CCGI's claims here.

The reasons they have described to dismiss the claims is very precise and aggressively to the point. They continue to come across as a transparent and honest company trying to acquire and complete a project for its city.

I also like the portions of the pacer where JNSH states that due to its public PRs, CCGI was well aware of the APA being signed, as well as the the NY case being in court, when they closed on the sale of 350Green. Looks like they were well aware of these agreements and continued knowing that this would create confusion. If they really had done their due diligence, they would've realized that the Chicago Assets were not part of the deal.

All this reeks of desperation and I think this is just an attempt by CCGI to further muddy the waters with their shareholders. JNSH is pretty clear with its business model, all shareholders are aware of what they do for a business, how they plan to go about making money from this acquisition, the infrastructure they have in place to make it happen (new subsidiary formed), as well as prior experience in completing similar installations along with a local presence.

Its plain obvious to anyone who spends 30mins to see who really is the contender here and who's doing the pretending. JNSH has been making some great moves this year despite the roadblocks here, like reporting a profit for Q1, getting pink-current, hiring the required folks for auditing/uplisting; forming subsidiaries to handle new businesses; hiring competent lawyers who are clear and decisive(unlike those who manipulate punctuation marks for false advantages); increasing its social media presence to reach more folks.. etc..

All of these are steps a competent, honest company would take to grow into a bigger company. I'm glad to have a rather sizable piece of the pie here and am content in waiting to see how this ends up.

9 days to go until the status hearing.. hopefully we'll get an indication of the final ruling then.. In any case, a few weeks to go until the final ruling.. We've been landing quite a few punches lately, and I hope we get a KO early, but I'll take a TKO after all the rounds as well. A win is a win.. :)

Any price fluctuations with this low of a volume is meaningless. All this is moot until the lawsuit reaches a resolution. So, until then its mostly wait and watch.

But it IS interesting that there is someone who does not want JNSH to even remotely look positive at the moment. Definitely a sign that someone does not want it to run up... Not for long.. ;)

Honestly, that's a question that's difficult to accurately answer without knowing the details of the contract and the margins.

That said, at the very least, we can say that this will triple the total revenue that the company had over the last couple of years. Assuming similar margins, we should see triple of the trading levels of the last couple of years, which has been mainly between 0.01 and 0.022, putting the share price at 0.03 to 0.066 (again depending on the margins).

The key here will be the positive press and volume. Everything JNSH has done over the past three years has shown it to be a profitable, transparent company trying to grow organically. All of the complaints so far as been lack of volume/awareness related and I agree that is a concern. Companies with far less promise are trading at much higher multiples.

So only when we get some tangible and sustained volume will we attain the true valuation-based share price imo. For what its worth, if/when JNSH wins this case, and then follows it up with audited fins and an uplist, I think we will be easily trading above 0.05. From the past track record, I see no reason to believe JNSH will not follow through..

A few short weeks to go.. ;)

Just to confirm so that we are all on the same page..

- Its four more weeks until the final ruling (worst case), which is scheduled for 8/5/2013.
- JNSH has a chance to submit its defense/paperwork before that, I believe tomorrow 7/10/2013 was the date specified, by which if the judge were to receive the info, then a quicker ruling may be possible.
- There is no separate case now with JNSH vs 350Green and CCGI vs JNSH lawsuits being merged into one suit.

In short, we'll have a resolution to all the legal issues surrounding the Chicago Assets in four weeks at the latest.

Are my assumptions in line with everybody else's expectations ?



p.s. I'm done shouting at the top of my voice to anybody who will listen that I feel JNSH is in the best place to win this and complete the job at hand. I've placed my money where my mouth is as well and will leave it at that. So, I hope this does not devolve into another discussion about who will win as I think we all realize that we only have opinions and the final decision will be made by the law. So, lets give ourselves a break/rest and wait for the decision, which, should be only 4 more weeks away.

Morover the no-shop clause does not last forever. The APA was signed after the expiration of the no-shop clause if I recall correctly. If this is all based on 350Green signing a deal when a no-shop clause was in place, that is baseless.

Also, its clear that JNS was not doing anything behind anyone's back. As early as January they had a PR stating the LOI, so that all parties involved were aware of their intentions.

All actions taken by JNSH have been clean, transparent and after thorough research. They seem more like a company that are in a legitimate business and the interference right now is all being done by CCGI. :)

I've nothing more to add until the verdict. We longs all know how this is going to end. This should not take too much longer, we should have our results in a few weeks... GLTA..

So, this is filed to just include 350Green as an additional plaintiff on the docket ?

I don't claim to understand a lot of the legal proceedings, but all this just looks like smoke and mirrors, or some legal etiquette that I'm not familiar with.

I hope the motion to expedite the case has some effect on the proceedings and we get a resolution soon. I think CCGI have nothing to lose here as this is all but lost to them.

Anyways, I think JNSH is pressing on for a quick resolution knowing that they believe they are in favor of winning the case. Lets hope that happens sooner than August. (waiting is no fun!) :)

Great info. This makes complete sense now.

Along with the motion to dismiss the case filed by CCGI, JNSH wants the 350Green issue to be expedited so that they can ACTUALLY work on finishing the installations etc.

The fact that they want to expedite it tells me that they know they are in the driver's seat. Also, it indicates to the judge their intent on doing an honest job that benefits the city (and themselves of course, its not a charity!).

I think everything JNSH is doing points to an honest and straightforward approach, from the LOI, to the APA, to the conditions from the City of Chicago, to meeting them and getting the approval, to spawning a subsidiary to start work on specifically these assets.. all of these indicate a very straightforward and transparent way to do their business.

Nobody asks to expedite a hearing, if they did not think they'd win. Their urgency points to their readiness to aggressively go after what they believe is their asset.

I know it may still be a few more weeks for things to actually conclude, but I must say, I'm terribly impressed by the professional approach of JNSH in systematically going after their assets, without any fanfare; a rarity in the pinks.

I'm looking forward to the next few weeks of action... :)

The one today was just the Notice of Motion.
The one set for Tuesday is the Motion Hearing.

There was no re-scheduling per se.

The hearing tomorrow was for the motion to dismiss the case filed by CCGI against JNSH. Instead of a hearing, looking at the documents this was deemed to be 'taken under advertisement', rather than denied, which I read in legal lingo to mean that the motion is being considered and a decision will be made on August 14th. The Plantiff (CCGI) has some time to respond and the defendant (JNSH) has some time after that to reply to the response, if needed. Thats the status of the case. There were no motions for re-scheduling.

The second case is the JNSH (Plaintiff) vs 350Green (Defendant), for which the hearing is set for tomorrow. I'm not certain if that pacer was pulled, but basically it referred to contract violations and related damages (75,000 USD).

Thanks SB.

Its reassuring to hear that the motion to dismiss was taken under advertisement, rather than being dismissed. Also, looks like at least there is a deadline for when the case will be resolved. There will be a ruling either way by Aug 14th, 2013 at the latest. (the way I read it)

That should give JNSH enough time to work on getting the rest of its infrastructure ready to be prepared for a favorable ruling.

I'd doubt that they would form a new subsidiary for just handling the Chicago assets, if they felt that they were not getting part of, if not all of those assets.

So, all signs point to good things for JNSH, but we'll have to wait for the judicial system to do its thing.

Any update SB ?

Yeah, that's interesting.

I don't see it either. SB, will you be able to ping your lawyer buddies to see what the status is. Has there been a settlement? Or was there a re-scheduling at the request of one of the parties?

I believe it's in the City's and State's interest to close this soon. IIRC the federal grant expires at the end of the year. So to take advantage of that they'll resolve this quickly.

From what I can see only JNSH is in a position to execute this contract and as they did on the last project 'on time and under budget' (to use the words from the PR).

So, the incentive is there for the State and hopefully the case is clear enough that there is a ruling soon. I won't be surprised if there is a ruling on Thursday. The more likely option could be end of the month(before Q2). Will be surprised if this goes beyond that.

Thanks SB! :)

If the lawsuit goes in JNSH's favor we will be easily looking at 4-5c.

The only reason why we are not trading higher is the lack of volume and lack of awareness. Any amount of buying will send this soaring higher.

Even without any of the new contracts, JNSH was trading at or above 0.02 for a good portion of last year. If the 350Green contract is acquired that easily triples our revenues from just that deal.

In addition to this, for the first time, the company is on its way to becoming fully-reporting and uplist. If/when that comes thru, that could mean another 1-2c pop.

The key here is volume. When we got about 400K in real buying last week, the stock stock up from 0.012 to 0.0209. Shows how tight this is wound.

Honestly, once people realize that this is a fully-reporting PROFITABLE company that does 4-5M in annual revenue (provided the case goes thru) and is going to uplist, this will fly.

I don't want to talk about price targets until I see the numbers of the deal, but even with conservative revenue targets, profit margins and forward p/e estimates, we'll be multiples away from where we are now if everything falls in place.

JMO.

Oh I agree, 100%.

Looking at it from any direction, I see JNSH in a very firm footing here and are making a very strong case for an early dismissal and closure.

The 350Green case is also a welcome move to show that they are serious about protecting their territory and share.

So, its all good, don't get me wrong, I was just trying to find some more justification as to why they wanted to file the second case.

At this point in time, with everything that in place, JNSH is absolutely in the driver's seat here. No question!

The damages due to the lawsuit by CCGI will be covered in the first lawsuit filed, even though they are the defendants. This is evidenced by the fact that in CCGI's filing, they note that they may end up paying for the expenses and damages if they lose the case. This was way before this new lawsuit was filed against 350Green yesterday.

Unless they are asking for even more damages from a opportunity cost point of view, where dealing with this issue actually cost them revenue, in terms of time wasted.

If that's case, then it would not be a breach of any contract case and it would be filed against CCGI. The fact that this was filed as a breach of contract and against 350G means that this only has to do with damages if the contract signed is NOT honored (i.e a breach of contract). Thats the way I read it.

Agreed.

I understand that they have a legal and binding contract with 350Green, but if the first case is dismissed, which means JNSH gets the contract as decided between 350Green and them, there should not be any break in the contract. If so, what is the need for this lawsuit ?

Simply put, if the CCGI case is dismissed, what is this second lawsuit for ?

If they want the case with CCGI dismissed, other than payment for job not done (contractual agreement), what could be their beef with 350Green? I don't think I completely follow.

The only thing that I can think of is that, this is some sort of legal pressure that they want to apply to 350Green in case they have to testify during the CCGI case thus letting them know, that one way or another they are going to get remunerated for everything.

So, IMO this is just a CYA, and is the prudent thing to do. Thus the best outcome for 350Green right now is hoping that the first case is dismissed; and nobody gets hurt. :)

Thoughts ?

Buying a lottery ticket would be more like buying a random pink stock and hoping it goes up.

Doing some DD and hedging your bets with a profitable company that does what is promises and is on it way to being fully reporting and securing a large contract, well.. thats more like having Ace, King suited in a texas hold-em poker game and hoping you'll win.

Will you surely win ? No, but there's a darn good chance you will..

Yes, I agree as well.

LOL.

I think with the formation of the subsidiary and the moves Brian is making in getting ready, I like my chances with the case. :)

That said, I agree, with a profitable business and plans to be fully reporting and uplist, even in a worst case scenario the stock is still cheap.

Of course, all this is moot if we get get a promo, and with this tight of a float, watch out! :)

In any of the three scenarios above (or combination) we should be golden. Very little downside risk here, where we are, at the moment.

Agreed, not always, but when selling happens below the Bid/Ask it does stink a little bit. In any case, the only way this can be resolved is if we get sustained and consistent volume. Then the S/P will make some sense. Until then, the focus should be on fundamentals and if the company is making progress.

I know I'm going to get hit on the head for saying this, but with JNSH especially, patience is key. This is unlike any other pink, so expecting it to act like one is also unlikely. The company has made some solid moves in the last few weeks and the next few weeks will probably change the face of the company.

Anyone selling now with a couple of major events in the pipe (hearing, uplisting), albeit possible, is unlikely (especially below the bid). Thats JMHO.

As I posted yesterday, the hearing has been moved to Jun 19th for everybody's information.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88168431

So this action today is no reflection of that. Just BS MM manipulation thats all. Chill guys.

I believe an extension was filed to move the hearing to the 30th. As a result of that, the next hearing was set for the 19th of June.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88168431

:) I know ditka and you should know that I've been here longer.

We HAVE to consider ourselves lucky to be in the position that we are after the prior management of this shell. I think the odds that a great company like JNSH picked it up and has put a valid and legitimate business behind it is a boon. Also, over the past three years, I've picked up more shares after noticing the way the company is going about its business.

As I said earlier, my targets for JNSH has been vastly re-adjusted after seeing the pace at which Brian is making changes. Before long, we'll be a 7-8M company that uplists its way out of the Pinks. Imagine that, from where we were 4 years ago..

Worth the wait ?. I think so. :)

The hearing is set for June 17th, IIRC. As to the ruling, it may take just that hearing or maybe a couple more. I'd like to think that the City would want to wrap this up early so that the City gets the benefit of the federal funding.

We'll know in the coming weeks, but all indications are that JNSH is positioning itself to hit the ground running if/when the ruling is in its favor. Formation of a subsidiary (with a partner) and getting filings in order are just steps in that direction.

Lack of volume is the time MMs start exchanging 'shares' at the bid to show some weakness to ward off new investors.

This definitely needs a shot in the arm, but I think Brian has always operated like this was not destined to be a Pink company for too long. Hence he does not do anything specific to prop up the share price. JNSH as company is doing the right things, and before long this will catch the eyes of a few prudent investor groups (just like us) and we'll soon be trading at a much higher level.

There are absolutely no shares available in bulk below 2c. The volume will follow fundamentals and not the other way around. Thats the best way to sustain the growth in S/P.

Patience is key, there's nothing more we can ask off of this company. We are in good hands.