"The Company has received assurances that JP Energy Group is working to reconcile the conditions required for closing as per Section 3.01. The parties are working together towards their mutual interest of closing on the acquisition of JP Energy Group."
I agree this is just a delay with both companies working together to finalize and it looks like a great opportunity at this price. They have a $3 million market cap and $568 million of announced contracts.
They played the game and flushed it. Call it what it was. But this over reaction talk is straight BS. Those that panic sold are just a small fraction of yesterday’s volume
We will hear news either today or tomorrow. There was supposed to be an attachment to the 8k and I didn't see it. This will climb back up. Nothing has changed for me .