JPX Global Inc (JPEX)

[SCC1997]

More than likely market maker INTL has been responsible for JPEX being shorted for quite some time. Putting up 13,000,000 shares up at .0008 at this point knowing the offering has been approved with a lowest price of .001 is illogical unless you are a short imo. It would be almost financially impossible for a retail seller to short 13,000,000 shares with the $2.50 rule in place. Most market makers are exempt to obeying the $2.50 rule. I think the recent volume over the last couple of days (which really was not large) is possibly because of upcoming news. If JPEX gets to .001 before they possibly drop some major news any serious short sellers could really get financially ruined.

“The $2.50 rule is a rule that affects short sellers. It basically means if you short a stock trading under $1, it doesn't matter how much each share is — you still have to put up $2.50 per share of buying power.”