Iowa - rest assured deep pockets want to keep this where it is right now. Paid for negative media coverage - directly or indirectly - that is blatantly bias, e.g., focusing only on gov questioning, on a Roberts SP statement that was easily answered by Thompson, etc., is very transparent to those in the know.
Motive is keep low for better JPS conversion and/or accumulate as many cheap shares.
Negative headlines on SCOTUS oral arguments is ridiculous and can’t possibly predict the outcome.
Here’s another example. Cap Rule comes out and JPS explodes and commons sit there with an iceberg sell order(s) purposely put on top of the shareprice to prevent it from ascending. Then the very next day it explodes.
A large entity (entities) are playing both JPS and commons for their eventual goal. Ackman and/or Paulson, or other large hedge funds, can easily be manipulating this OTC stock.
There aren’t enough players to mitigate the manipulation...
The Mnuchin news is huge and has been dumpes into to prevent the SP from going up and then those shares are arbitraged between JPS, FNMA and FMCC. If you have the money why not ...