People will buy and pump anything...but hopefully it will run to $35 so all the bagholders trapped in this can sell out and not be completely destroyed by it.
I've already made my $$ off of JHTX....maybe it will run back up to .08 so you can trade even before they halt this...lol
From the 8-K FILED TODAY. Please read and absorb the ENGLISH words that are written by the company itself in the filing. This is not speculation or guessing. It is fact stated by the company itself.
"Under its Court confirmed Plan of Reorganization, Jackson Hewitt will emerge as a private company. The majority owner of Jackson Hewitt’s new equity will be Bayside Capital, an affiliate of Miami, FL-based H.I.G. Capital, and the largest holder of Jackson Hewitt’s secured debt prior to its restructuring. A new five-member Board of Directors will be named and become effective on emergence. Under the Plan, approximately two-thirds of Jackson Hewitt’s term debt was forgiven in exchange for newly issued common equity on emergence. Jackson Hewitt’s pre-emergence common stock will be extinguished on emergence in accordance with the Plan.
I don't know how else to say this to you..The common shares you are encouraging others to buy here will be wiped out at any moment. Not my words, the new owners' words.
But other famous words applicable here are "the market can remain irrational longer than you can remain liquid".
DD22 p.s. trading $17K in dollar volume is hardly cause for all the pump celebration and bold lettering...but go ahead...party on while you can.
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