All in all, historically, this stock has never lasted sub penny for more than a month. Even yesterday someone bought over a million shares. So, the hype is real. It just needs to be utilized.
Further more, I doubt JZZI would want to increase A/S when they still have a lot of shares to add to the O/S. 29 million shares is 290,000 at a penny, which would be fundamentally unwise for them to offer up if they could do the same at 20 cents and make a lot more profit.
TBH, I think this week was a scare tactic so they can rebuy shares at a lower price.. For them to Increase the A/S, they would have to spend money doing so. And at that point, there's no guarantee that the price would come back again no matter what news they put out due to the public out lash...
IMO, JZZI is still emerging, so it's not surprising that they have undercut the shareholders to increase the overall value of the company later on. Especially if they're setting up for a big move in the stock price, like they have been doing. But they'll need to buy back shares if they want to gain future value. So I hope to see that soon.
Anyways, I can't wait to see them drop earnings. I imagine they'll have more revenue/profits than any year before with all the ventures they're doing. Not to mention they'd probably make more money in the future if they keep current and future shareholders happy. Otherwise they're loosing out on future share holder value because they were impatient. So, for now, it's just a waiting game until the next big news drop that sends this stock skyrocketing.
