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Tuesday, March 10, 2015 6:52:27 PM
"IJJP: This company has a tendency to publish substantive news releases that have, in the past, acted as powerful catalysts to propel the stock price past resistance levels heretofore unimagined in its meteoric rise from triple-zeros to its current closing price today at 0.0033.
Today's news pronouncement (provided below) to retain the services of an independent Reg SHO compliance firm to audit the short sale transactions in IJJP I thought was significant news on two points:
1. Uncovers Possible Abuse of Short Sales: The unscrupulous shorting of stock through "naked shorting", which is an illegal practice of short-selling shares that have not been affirmatively determined to exist, causes an artificial supply of stock which erodes the value of a company's stock. Conducting an auditof this activity, not only compels those who engaged in the naked shorting of IJJP to cease this activity, it also forces them to "cover" these short sales through the purchase of stock, which results in a "short squeeze" driving the price of the stock higher with the surge in demand for shares.
2. Demonstrates the Legitimacy of IJJP Management to Root Out Abusive Trading Practices Detrimental to its Shareholders: The release of this statement today confirms IJJP management's commitment to administer a company that is engaged in the operation of a legitimate business enterprise and seeks to operate in accordance with the rules established by FINRA, cognizant of shareholder value, which is significantly eroded by these abusive trading practices. "
All of my comments and posts are strictly in my own opinion and not to be taken as advice.
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