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That’s not surprising with the type of people who are in government positions. They create draconian regulations and enforce them inconsistently. They then claim to be protecting you from yourself, but the people who get screwed the most are the ordinary citizens.
This is why you don’t do an RS. This company has 90% of last week’s value.
I don’t know how they got such a brutal RS approved by the SEC. They had recently been strict about disallowing most RS, but somehow this one got approved. I hope they will not be allowed to dilute it for a long time. With this ridiculously small float, it could recover with proper management.
What platform? I have Schwab & Ameritrade & haven’t got mine on either one.
Anyone gotten post split shares yet?
How long before this is able to trade?
If you do the math, anything below $12 is red territory for closing price.
You may be right eventually, but for that to happen now you would need 1 of 2 things. 1. The end of this wild speculation period that has encompassed the whole OTC market. 2. Direct proof of funny business on the part of this company (that includes the threat of RS).
Possible support reached in 24-27 area.
Can’t seem to recover because ask keeps stacking up. Ask wall was 40 yesterday. This morning it was 30 and continues to push down with the price.
Saw a positive rumor last night about HPTY on Twitter. Not sure of reliability of the source.
Lots of penny stocks red today after relatively parabolic moves from low trips. Was this the blow off top were only quality continues higher, or have we paused for another run higher?
Got to have some buyers to push the shorts
Some of that volume spike around 2 CST was Zalmy. He has a large following and posted in his Telegram channel he was buying more shares at .0006.
They are running just about every penny stock I follow. Some have legit news, but I have a feeling we have reached the extreme speculation part of the market cycle. Not sure that a market top is happening this year, but this feels like 2008 to me.
Randy?
Volume has died off, but if it can maintain this price base until volume returns, then that would be a good indication of true interest in JAMN.
Someone’s buying shares now.
Creeping up on anemic volume.
Any idea of schedule of hearings that will lead to resolution of court case.
I have a stock that has been caveat emptor for almost a decade that never went to these levels and now trades around $.01. Although, it is still CE, and there hasn’t been any news or social media posts. The volume is lower but more consistent than here.
Volume has increased, thoughstill low, but trade frequency has increased significantly. The price has also managed to stay around $.01 except for a few brief dips.
Maybe he makes money on other stocks, but every stock I’m in that he posts about tanks. So far none have ever recovered.
Dalsey’s amateur attempt at a shareholder meeting demonstrated his unpreparedness for the job. His illogical answers to questions about buybacks versus reverse splits begs this question is he unethical or too small a thinker for the job. Dufort was notorious for filing very late and blaming it on others. The only way Dalsey has shown any difference is he hasn’t filed yet.
Don’t make this look like it’s the fault of the naysayers. Dufort destroyed any trust there was in this stock, and Dalsey has done little to nothing to try and rebuild that trust. So instead of taking out your anger on shareholders, direct it at the people who deserve it.
Someone must have found a quarter in his couch and bought some shares.
Over 100000 volume now with price still holding up.
Up to $.02 but only 2000 volume.
There is never a good time to do a RS!! I have been in a few, including 1 here, and they have all gone down in flames as the CEO used the opportunity to dilute the company into oblivion. If you have ever been in 1 that helped the shareholders, please enlighten us.
I was the first buyer yesterday. To be honest, I bought $50 worth at .0001 just to get my account liquidity value up enough to trade the micro futures.
Yes, I know there is no one talking about it. The newest tweet prior to yours is more than 3 years old.
What’s happening here? Price continues to escalate on low volume.
I hope they do a better job of getting reports out on time. Dufort was notorious for requesting a extension then going way beyond the extension deadline.
Sounds like a frivolous reason to bail on the custodianship. I wonder if there is something she’s not telling us and her given reason was a convenient excuse for the court.
I don’t know if we’re doing any good pointing out the idiocy of an RS, but if we keep beating this dead horse, maybe Dalsey will get the point.
Dalsey’s answers to the RS and buyback questions leads me to question his intentions. Whenever the top companies in the world want to elevate their prices, they do buybacks not RS. I know this company doesn’t have the funds for any significant buyback, but even big stocks that RS are considered toxic.
The SEC doesn’t allow flippant R/S anymore, so R/S just for the sake of jacking up the price would probably not be allowed. The idea of R/S to up list is ridiculous because the stock would have to maintain an average minimum price for at least 30-60 trading days. It will be nearly impossible to preserve the post split price because he would have pissed off investors bailing out while new investors would be afraid to put money in a sinking stock.
If someone is suppressing this stock, they are doing a good job. It has been stuck in this zone for a few months.
I appreciate the answers, but the reply to the RS question is disconcerting. I have been in a few RS including 1 here, and I have never benefited from an RS. It erodes confidence and the price quickly heads down almost never to return to the level it was split to reach.
When I first saw the .001 I just thought Ameritrade was having technical problems. Then when I saw the volume, I just thought someone decided to throw $.93 plus commission at trying to manufacture interest in IDGC.