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Things getting interesting here..
Well, well, well.. this is getting interesting.. :)
Looks like you've been burned by StockMister or his pumps in the past and have taken it personally.. :(
But honestly, this has nothing to do with StockMister.. and everything to do with a company starting to hit its stride.. Does an awareness campaign hurt JNSH? No... but without it, will it go to trips.. does not seem likely..
In any case, I'll let your convictions guide you.. thanks for the warning and GLTU..
The last two years have been particularly difficult for JNSH given the legal tussles it had to go though. This is further evidenced by the lack of PRs or progress updates in the last two years..
With most of that in the rear-view mirror now, and PRs coming at a reasonable pace showing progress and activity, we might be finally getting ready to push off our current levels..
Buckle up and enjoy the ride.. :)
Its nice to see a tight Bid x Ask (0.0195 x 0.0197), which gives this run a little more legitimacy than the last few runs to 0.018 and thereabouts..
Clearly, the momentum is building..
0.0199..
How's the L2 looking? Smelling a run here..
KF, I'm sorry, I had not logged into IHub for a few weeks and missed your message.
Thanks for reaching out, and my sentiments are the same.
The next few weeks/months are going to be interesting for us longs. :)
Cheers,
Eagle.
Yes, it's very interesting that a block like that moved so quickly. I've always seen volume as a precursor to large moves in S/P. Something is up.. The next few days are going to be interesting..
SB, just to add to the list, if you recall, before this whole Chicago Network debacle, Brian had retained a legal team to look into getting the necessary filings to move JNSH to a higher exchange.
I'm sure that once this is settled, we'll be back to getting that back on track. Moving to a higher exchange will provide tangible proof that this is a fundamentally sound company (fully-reporting). More importantly, there will be a lot more eyes which means more buying and volume.
This is a good company that's hidden among a sea of crap and I think the move to a higher exchange will definitely be another tail-wind for us next year.
You don't see CCGI going up by 100% in 2 weeks either..
When the float is low and there is a lack of liquidity there will be major moves in a company's s/p.. which DOES not have a bearing on its fundamentals.. The fundamentals at JNSH are sound and it'll be roaring back soon.. JNSH will create a new ATH before CCGI will..
That is, if you follow fundamentals.. you ought to give it a try..
Bid is creeping up.. from 0.0144 to 0.015 to 0.016.. I think there is interest but most are on the sidelines waiting for some tangible confirmation to get in.. Waiting for the settlement to pick up shares is too late imo, or you better have a quick trigger as this will clearly move 50-100% when that news hits..
GLTA.. exciting times ahead.. :)
Bid keeps creeping up. And this volume is only the start, once we get a few healthy 1M vol days we should really run.
From a valuation point of view, I had done some brief calculations before this network deal, and roughly ended up with a 0.04-0.05 on fair forward multiples. (JNSH was profitable even before this deal). With the recent developments I won't be surprised if we end up closer to .10 than 0.05 once the dust settles.
0.0166 x 0.018.. The Bid x Ask is tightening up too, which is a good sign..
Things are starting to heat up.. finally! :)
SB, old friend.. thanks for the note.. and looks like this unnecessary drama and drawn out court battle is finally nearing an end.. Can't wait to see how far this company can go in the coming months.. :)
$JNSH.. Things heating up here.. Its only a matter of time before the resolution of the is done.. Again, I'm not saying that its going to get done next week.. But for us old dogs who've seen their fair share of crappy companies, its easy to see why this one stands out.
This looks like a mothballed company only to the untrained eye. Look a little deeper and you'll see the reasons why they have been quiet.
Big things are coming.. only a matter of time..
Thanks SB. I figured that was what was going on and I can sense the frustration that he is feeling. I think his perseverance will pay off big time in the near future.
Long and strong!
SB, Roytoy.. is there some intimation from the company that you are referring to ? If so, can you please send it my way.
Much appreciated. :)
For the record, I don't think anybody here is saying 5c is a slam dunk. There are quite a few ways this could play out. 5c, is just one of those possibilities. The longs understand the value and what the management can do if they get a few breaks.
JNSH ran a profitable outfit for over 3 years right after the mini-recession to last year before it tried to expand and ran into some legal issues.
So for those who believe this is a bump on the road, and have the patience and spare change to wait it out, this is as good of a bet as any.
For those expecting instant gains, move on along, there's nothing to see here.
SB, don't waste your breath, buddy.
Oh I don't disagree. As long as we're at least comparing fruits, its close enough.. ;)
At least its not like comparing an apple to a puffer-fish :)
As I said in my note, JNSH has as good a chance as any in pinky land to make the leap to the next stage if it catches a few big breaks. Good management, small float, growing business segment.. So, IMO, just a few big breaks away..
Now, if there is no speculation and it was a certainty, this would not be trading at 0.01 now, would it ? ;)
An interesting read: http://www.cnbc.com/id/101731565
Now I'm not saying that JNSH is a sure-shot to get there, but it shows the possibility of small, well-run companies (mattresses?) which catch breaks and patient share-holders who benefit from the growth.
JNSH is as good of a shot (if you have the stomach for risk) as any in pinky land to be one of those making the headlines in a couple of years.. :)
That was my concern too, that they do not run out of cash before they pay JNSH. :)
It will come, this is a hardworking group of people who will get what they deserve. I for one have all the patience to see where this ends up, and mark my words, it will end up! :)
I have a feeling things are going to get resolved one way or another in the next quarter. Resolution within reasonable time limits was a req established by both sides and a year sounds like a good enough period. Sep marks one year since the verdict. I'll expect that to be a line in the sand.
The outcome of the case has been decided. i.e. JNSH has won the case. The current legal proceeding is around the lack of appropriate fulfillment of the articles of the judgement (chargers, type/count), as well as damages due to the delays.
I completely agree that investing on a company that is waiting on a case that it has even a 50% chance of winning is not a good idea. JNSH does not happen to be one of them. What we're waiting for is clear details on what the case win constitute and when they will be delivered to the company.
The time for closure is speculative, but the outcome is not, which I feel is a tad different.
p.s. I am not endorsing any new investor buying JNSH until hearing from the company about the details of the court case win, if they are the non-speculative kind. The optimism you see here is from the longs who know what is coming and are willing to wait for a substantial multiplier.
I agree. Paints are generally considered end-of-day transactions.
From a technical pov an uptick with increased volume has significance, while this close really signifies nothing. I could even see a point if the trade made a new high for the past few weeks or something (a higher high), but we hit 0.0152 earlier this week, so it does not matter there too.
So my inference here, is that this showed there was no real momentum in either direction (buy or sell) after the two trades in the afternoon. That's about it. No sinister plans to fool people into buying.
Lets see if we get another flurry of buys towards eod like yesterday..
Irrespective of that, this steady volume has to be a healthy sign. Instead of anemic and sporadic 1M days, we've had > 800K volume in 5/6 past sessions..
Of course, it does not hurt that these 6 days of volume have resulted in a quiet 70-80% gain in share price. :)
400K bid @ 0.0143. That's a pretty strong bid and a great platform for the day ahead.
I agree. The last six days has seen about 5.5M of volume, which I think may just be the precursor. If this buying pressure continues all week, I'll be surprised if we don't get some sort of news shortly. This sort of sustained buying/action does not seem like the casual sort.
Signs do point towards at least someone betting that this drama is nearing its end credits. I sure hope that is the case. As a long I don't mind waiting for however long it takes, but I won't complain if it's going to be a short wait ;)
Close at HOD 0.0142.. Sustained buying in the final hour of this session.. definitely things are heating up here for another run..
Yes, the push to go higher seems to be deliberate and unrelenting.. And, yes, won't be surprised to see 0.02s this week if this pattern continues..
Volume looking healthy.. After a week of 4.5M in volume, looks like we'll again have a 0.5M+ volume day today.
Something is definitely brewing and I agree with Ditka on the gag-order on all involved parties from directly disseminating information regarding the lawsuit, until its officially complete.
As for the recent spurt, circumstantial evidence points to someone in the know, who feels like the end is near and JNSH is going to greatly benefit from the final outcome.
We'll all know soon enough.. Tick...tock.. tick.. tock...
Volume crosses 1M, B/A back to being tight.. 0.0137 x 0.0140.. Conditions seem right for an EOD run..
Healthy volume today so far.. a few obvious tricks being played to keep this down.. when you see a 0.0139 x 0.0142 B/A and you see a sell for 0.01, its clearly someone who wants to keep this down. Any seller looking to just exit, would've taken the bid. Undercutting the bid, makes no sense in the face of a run, unless you want to keep this down..
Anyways.. will be interesting to see if we end the day like the last few days with a run.. would love to see a HOD close..
I absolutely agree. Actually a 10M judgement will probably put us on a much larger multiple according to my calculations. (in the ballpark of 15-20X), provided they show the ability/plan to monetize that as effectively as they had done with their other assets over the past few years.
Even with a settlement in the 2-2.5M ballpark, I'll expect us to trade above 0.05 easily, given the sudden growth in assets and its expected business model.
In any case, from the trades the last few weeks, it sure looks like someone who has followed this case (and was aware of the filing) is starting to load up, expecting a swift end to this case. There is no smoke without a fire.. so I'm hoping for an expedited conclusion to this legal drama in the very near term..
Fingers crossed and seat-belts fastened :)
Closed at HOD, 0.0134.. Looking good.. primed for a major run if we get some timely news/updates..
Lets see what the coming days being..
0.0133 (0.0129x0.0133)
And I for one am glad that its junk.. I was starting to get worried that it may be a promo/pump picked up by some group..
We've waited this long, I don't mind waiting a bit more to see the true potential of this company, rather than turn off real investors with a pump/promotion.. only to end up right back here a few months down and with a tarnished reputation..
Healthy volume too.. like I said yesterday signs of something brewing here.. :)
Agreed.. pretty good volume too.. It'll be interesting to see the next few days of action.. Lets hope all that leads to a few nice updates and PRs..