Jaguar Health Inc (JAGX)

[TJG]

When a note is converted it goes thru the Transfer Agent who removes the seal and then its sent on to the broker that the note holder uses... its then the responsibility of the broker to dump the shares... There is one 50 mil note that is out there and some of those shares were dumped into the run up... all anyone has to do is watch Time and Sale and you will see how this was actually run up on about 7 or 8 million shares and then back down on the rest... The holders broker was selling into the run and the people who bought them though they were seeing a run based on the Phase III news... those same people when they discovered that it was a pump and dump then sold those shares back into the market in the 07 range.... where the majority of the volume took place... they lost some but not a ton.. the second set of 07 buyers are now whats called the bag holders...since this is back to 05 the more it sold is when the shorts got in shorting at 07's and 06 for for several million shares and will then cover down there.

As for volume exceeding the OS... the float and the unrestricted shares... if we are all in the mind set that this will run to dollars then the three number categories will be trippled by the amount of volume it will take to get it there... Hell we used 60 million shares today to go from Mid 05's to 08 and back to 05... how many will it take to go from 07 to .50... around 175,000,000 to 200,000,000 ... and there wont be any shorting when that happens... just buying and selling of the same shares 4,5 or 6 times a day. First of March will be when we need to check the OS and see where it is... that will tell how much of todays volume was dilution