Hopefully it should start moving soon. Since I read that JNIP was on the naked short seller list, i have been filing complaints about this to the SEC and OTC/FINRA people. That 31 million share dump on Friday shows that either there are a lot more than the 133.6 million shares reported as outstanding or that there is indeed people shorting shares that they cannot borrow. I am sure that the outstanding shares have changed since the last update, but not to the point where 50+ million shares can change hands and almost all of them are sell at the bid.
Someone has been dumping shares and I am sure the proper agencies will find out who and if they can actually borrow the shres or not. The brokerages allowing it will probably take a hit, but not as much as the people doing the improper shorting. Like I have telling the SEC and OTC/FINRA people, if people are shorting shares they cannot borrow, a lot of people (and MMs) are basically buying air instead of shares. There seems to a whole lot more shares trading than actually exist. Most likely, once an agency or two start investigating, share prices should start moving (hopefully up as the naked short sellers start trying to cover their positions).
