As we all know JPHC is in very deep negotiations to be bought out/merged with another company.
They retained Evans & Evans for a specific purpose and that was to aid in giving the potential buyers a specific price that JPHC thought would prove huge in the negotiations for a buyout. The .004 number is the minimum they will take in a buyout and this evaluation will help JPHC have bigtime leverage in negotiations to get the price JPHC is worth. Facts dont lie and when a 3rd party with no ties to JPHC put there worth on JPHC it compiles 100s of pages of facts based on there assets & financials. You cant fake that.
Here are some excepts from there pr about the valuation
JUPITER is pleased to announce that its independent pricing analysis report is near completion and that Management expects the pricing number to be no less than $0.004/share.
This independent pricing analysis report provides two important things to the Company: 1) technical data on the potential value of JUPITER and; 2) a tremendous aid to Management in its discussions with the potential suitors to negotiate the best price possible for the Company's shareholders.
The independent pricing analysis report is a confidential document that the Company commissioned for internal purposes only to aid the JUPITER board of directors in meeting their fiduciary duties in negotiations with any acquirer/merger candidate. JUPITER retained Evans & Evans to prepare an independent pricing analysis report to assist the JUPITER board of directors in determining a reasonable price for JUPITER in contemplating any transaction with any acquirer/merger candidate
In my estimates we are almost 600 percent undervalued according to the evaluation. Nowhere to go but up
If you cant run with the Bigdogs stay on the Porch