Its really quite simple and does not need a lot of number crunching to see that the PPS has been falling to settle at LOWER and LOWER levels after each little run.
And that the Issued Shares keep INCREASING via DILUTION as shown in the filings.
I'll bet Jones Exhaust makes less than $6 mil in revs...and business could be declining as well. Afterall, they reduced number of employees from 130 to 70, and reduced facilities sq ft by half. Why would they sell for $2 mil in cash and $1.1 mil in liabilities if they are worth so much more?