Imo, JPEX share price is tethered to a final court decision that effects the temporary injunction against a JPEX merger.
While I'm not convinced that the Hearing on 6/21 will result in Hovendick quickly asking the court to remove the injunction, it could speed up negotiations between Frank and Hov or in the alternative could cause Frank to file a new case against Hov or even file a new Motion in Hov's case against JPEX to ask the Court to dismiss the injunction.
Until some final decision on the temp injunction is reached, I therefore believe JPEX sp will continue to bounce around between about 12 to 20. However, there could be a move up to the 40-50 level if and when Frank decides to enter a new case or a new Motion against Hov.
For those already holding JPEX shares, there is still at least one more month of waiting in store before something significant happens in Court, and I don't believe that will happen on June 21.
all imo
Edit: The injunction is a preliminary injunction NOT a temporary injunction. I'm not a lawyer, so I'm not sure what the difference is. LOL