Wednesday, April 16, 2014 12:40:27 PM
At this point in JBII's life-cycle, trading is dominated by the folks wanting to liquidate large blocks of stock. PIPE investors wanting to cash out their discounted shares, and those waiting for large blocks to come off restriction.
Lulls in activity frequently happen, and trading seems to be independent of news.
There are some known events on the horizon that will create brief periods of high volume.
For example, when the Pancoe vs. JBI agreement gets approved by the Court, which shouldn't be too long from now, JBI will issue 10,000,000 more shares, which the lawyers will want to liquidate pretty quickly.
A casual stroll through the lunatic asylum shows that faith does not prove anything. Friedrich Nietzsche
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