From posts and PMs, I can tell that many investors/traders do not understand the basic aspects of JNSH's status in the lawsuit for damages. I understand that legal wranglings and normal delays are foreign to many. There is the critical status hearing and ruling by Judge Bucklo on the motion to dismiss scheduled for this Thursday 10/27/2016 at 9:00 a.m.
Everyone fully expects CCGI's very weak Hail Mary to be dismissed which will greatly enhance monies that JNSH will receive in the settlement!
It is entirely possible that we could see a settlement PRIOR to that ruling for the above reason!
I have previously stated that CCGI could raise the cash to pay based on their market cap alone (share issuance), and they just proved me correct.
Most if not all of the selling is Ihub Flippers. Anytime a stock goes on the top of the breakout boards it gets flipped. That's fine we will get a few new strong hands out of this last exposure on Ihub. Hopefully no big groups bought in to flip.
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