The Best JPHC Post for today
This Post is right on IMO.
In answer to many of your questions... (this from one of 150 longs that own MORE than the float combined... 3 billion shares of a 2.5 billion float)
Why the wall? Becuase the news is due out tomorrow, this is the LAST time the shorts will have a chance to TRY to cover. The buying/selling ratio today was 87%, on 1.8 billion shares and it only ended up a tick. Some think that the MM's were acquiring alot of shares, but look at L2 throughout the day... a ton of 900k and 950k share trades were 'painted' which means MM's trading amongst one another, NOT selling.
Also, many in our group bought today, but their buys were painted as sells... there are a FEW MM's short in this and they know that their chances to try to shake the longs are nearly over... tomorrow and thereafter with a FINALITY PR, the game is over.
Take a look HARD at the number of shares traded since January... over 20 billion... and if just 150 out of 2000 shareholders own more than the float...
Where did those shares come from? We have good methodical sources that estimate there is a short of between 2-b billion shares, both with MM's and overseas, and their day is VERY due... very very due.
Becuause this is NOT going to be a merger in the sense of new company, new shares issued, but rather a BUYOUT of between .005 and .01, the MM's cant rely on buying shares from the 'new stock' to repay their shorts.
And imagine if the buyout is .01? No one will sell before then, AND this stock could climb infinately to cover those shorts... especially if JPHC comes out and says...
Due to our CREDIBLE valuation by Evans and Evans, we estimate there are XXXX amount of shorts on the market. The SEC would HAVE to come in and come in hard with a beater stick.
The Doctor
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DrWho
