>> or how the next round of smoke and mirrors gets played
first realize info for *threshold* is updated at approx 11 pm after each trading day via this site
and like *magic* >> JBII is off the list after triggering for 10 consecutive days
so what does this mean >> and how exactly was that event *accomplished*?
===
this is what triggers threshold
REG SHO Overview
As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
so the known FACTS are:
threshold was first triggered on 6.18 >> but based on the data above >> 5 consecutive trading days for fails >> would have had to have kicked in the week b4
so for 10 straight days >> threshold is triggered >> however >> for all of the last week in june it wasn't (remember it ceases to be *threshold* security .. if it does not exceed specified levels of fails for 5 days) >> this time frame covers >> from either 6.11 or 6.12 and goes straight thru for 10 consecutive trading days b4 magically *ceasing* to show >> (ie trigger threshold)
so let's look at *patterns* that came into play in the relevant time frames and realize that none of these *events* happen in a vacuum >> how it was done >> who did it and what it means re: JBII (stock) going forward
btw some is this next data is *review* >>
on 5.27 i posted this about *smoke and mirrors having to make a choice soon*
so it came as no surprise to me to see a *rigidly* CONtrolled *daily* reg sho enter JBII early in JUNE
what also came as no surprise was to see a MM (not the PRIMARY or SECONDARY >> NITE & CSTI) get utilized >> early in JUNE >> it's a trick done by the PROS >> (like bear raids and volume on trading days' b4 a holiday shortened trading day >> attention to *details* are elsewhere)
so who were the MMs' utilized early in JUNE >> CANT was one of them >> i wasn't the only one to take note of their *volume* as evidenced by this post (NOTE THE DATE)
CANT has unloaded around 400K shares so far. That's a lot. But it does seem they are unwilling to drive it under $1. I'm wondering if the entire 3M that's come off restriction are going to hit the open market during this fire sale.
NITE has just leapfrogged them on the Ask. Let's see how anxious they are to stay on top of the Ask.
=== based on numerous *decoys >> aka other MMs' utilized over the past 2+ years* >> my surprise wasn't that CANT got the call >> and generated *volume* to dilute DAILY REG SHO *effectively* triggering *THRESHOLD* >> it was actually what came to pass re: CANT's reporting for *volume* on JBII >> for the month of JUNE
understand just how significant the events smoke and mirror are willing to undertake >> for the first time in over 2 YEARS >> CSTI wasn't SECONDARY to NITE on *VOLUME* on JBII
remember CSTI was *imported* to help out NITE back in JULY 2010 >> this was the month 4 events happened almost simultaneously >> first hit piece was *authored* >> WSB filed co.s amended K >> CSTI *debuted* on JBII >> and the legal short went to abusive status
here's the link to show CSTI 2nd to NITE >> this would start a *run* of months/years >> that hmmmm >> er >> seemingly *ended* >> with yesterday's data >> reported
what raised my suspicions immediately >> was how *closely aligned* with CSTI >> CANT was
that triggers my *red flags*
=== so this is what was done >> and realize i'm not the only entity documenting JBII's trading data which is why nothing *done* by the PROS over the coming weeks will surprise me >> re: JBII
as i've noted >> they are between a rock and a hard place >> but they bought themselves some time by *vacating* threshold >>
so >> CANT gets the call in early JUNE >> to do *volume* >> which triggers threshold which has a shelf life of X days >> b4 it becomes an even bigger issue
the *impression* the PROS want to give is their *access to certs cut by TA mid JUNE* >> changed this round
i don't buy it myself >> but again they are masters of the psychological illusion >> after all 99.99 percent of the time >> they *successfully CONtrol the outcome on the poorly watched and heavily manipulated OTC where JBII resides*
and unlike *retail* the PROS aren't operating with dated data that runs weeks in arrears
so remember >> the math to trigger threshold
and since the FTDS for the relevant time line won't be out for another couple of weeks
we can use >> both older and newer no.s >> because the *overlap* of threshold would have encompassed both sets of share structures to note the following
OS ~ 88,883,567 .. close of biz 6/13/12 >> or in FTD language = 444,417 OS ~ 73,803,138 .. prior check <jun 6th> > or in FTD language =369,015
so here's the historical data on JBII >> for JUNE >> covered in detail via this post
understand *exactly* why the share swap switcheroo had to take place understand *exactly* why *daily* reg sho had to be *diluted* understand *exactly* why the events over the coming 13 trading days >> matter understand *exactly* why legit retail buys get *filled partially over hours* (yesterday's 15k)
which btw >> was reflected (along with others) via daily reg sho >>
20120702|JBII|28038|0|61765|O 45.3%
understand *exactly* why CSTI got a *block* of 20K filled >> on friday >> which btw was the most *volume* JBII saw in the last 3 weeks of JUNE
and understand why the 2nd lowest volume in 2012 .. happening in JUNE >> matters
JBI isn't just *rare* due to P2O >> JBI is rare because of their ability to survive (and outlast) against outcomes almost always dictated from the moment a stock publicly begins to trade that dictation is orchestrated by the PROS
let's see what today's volume shows .. market closes early at 1pm
=== 4kids all jmo
10/5/07 -- there are no coincidences here ... oh and like many other longs .. not selling at this level --