They hold way too many shares to even mostly get out by 80 cents. JBI is likely to need another PIPE shortly and it will probably be well below 80 cents. Not sure if that will trigger re-pricing (or issuing more shares) to all of the 2012 PIPErs or not, but it's obviously going to increase selling pressure.
Right now, with few buying, PIPErs, along with everyone else with a large position, are already bagholders.
I receive NO compensation to post ANYTHING. I AM NOT short this stock.
"The world is a dangerous place, not because of those who do evil,but because of those who look on and do nothing". Albert
Einstein
