Very aptly put! A few things jump right out at me...true longs are not selling!! This is so true!!
Hedgies are scrambling to avoid a short squeeze...they can scramble all they want but the stage is now set...they are screwed..... I'm just waiting for the co. to pull the plug....it's been a long time coming and fools have dug such a greedy hole, it is going to be fun to watch. :o)
This means there are less and less retail sell orders to absorb with their covers. If they don't have that sell volume, they are essentially toast. IMO, they are using even MORE NSS to manipulate the price to remain low and "inconspicuous" and to attempt to "spark" more sell orders in order to cover at a low price and avoid a short squeeze. It's sort of like fighting fire with fire. I agree with you 4k, these guys must be freaking out- given the threshold flag
as i've publicly and privately posted
mgmt ensured (courtesy of P2O) JBI's survival with that 8k out re: rock tenn on 8/4/11
the last ditch effort <specific to the hat trick of volume *generated* by the PROS in jan 2012> >> had to do with JBI's intent to dual uplist (which imo would have been a fact at this point in time without aiding and abetting)
PROS however >> were blindsided by the total silence out of mgmt (even tho' clues were given by the former ceo on that CC held back end of feb re: financing >> to say nothing of the 8k filed eoy 2011) during the all important weeks that the whales organized and that SAIC was on site to confirm P2O's viability
that blindsiding was never more apparent by what these latest investors bought via open market buys of JBII >> finally proving what i've known >> stated >> and posted for years >> that *daily* reg sho is *retails* legit buys (OTC)
now that the most recent filings have been digested >> real curious to see what volume shows and what of that volume shows via reg sho
smoke and mirrors has to make a choice *soon* :)
===
re: volume >> what i knew they would have to do is *create* volume to dilute reg sho (they had to *control* what reg sho percentages showed >> even more *closely* than b4)
which is why the pattern on daily reg sho (percentages) changed so *radically* earlier this month regardless of what *volume* showed
again one can verify this DD for themselves by taking each day's total volume on JBII and ascertaining what daily reg sho shows percentage wise >> understand that t trades (pre or post market *trades* >> bypass daily reg sho percentages) i've done this since MAY 2010
since MAY 2010 >> there have been approx 75M JBII shares traded as of com this past friday
i use a conservative figure of 10M NSS on JBII
i suspect it's *higher* and this *round* >> the outcome by the PROS isn't *known* in advance :0
but imo the *date* of the AGM >> is a key clue of what is coming next out of senior mgmt
and while there has been imo some *covering* it's been minimal and imo *done* on pre arranged *volume* dates known to the PROS to say nothing of the non stop *resetting* done courtesy of very specific MMs' since JULY 2010
i watched and documented what i could on the last round in jan
that wasn't *retail* that *orchestrated* that *trading* specific to the last 20 minutes on 1/4 >> when i watched very specific MMs' >> not getting the *reaction* they expected >> take the ask 12 ticks down below the bid *shown* again and again to *solicit and elicit* panic >> to say nothing of JBII shares .. it was beyond abusive >> but then this was their last ditch effort
because with saner heads prevailing >> and no *auto dump to the grays* as >> gleefully anticipated >> all this round of resets did was to buy the PROS *time* (in jan i wrote off 2012 >> but based on the last round of filings >> i've revised that to only 3 Qs now) >>
of course *time* works 2 ways >> those of us who just continue to buy as JBII's pps is taken lower haven't deviated from our pattern :)
it's also my *belief* >> that there still exists the original problem that created this mess to begin with (back in may 2010)
certs held by JBI investors >> never deposited in any brokerage firm (can't be *accessed*) >> making the *float* just a number :)
anyhow >> what i'll be watching >>
monday's trading >> which if *day 6* >> will show around 11 pm monday evening >> here
trading for the final 4 days in june >> *volume and reg sho percentages*
MM monthly report for the month of june >> available at 9am on monday july 2nd courtesy of this link
can't wait to see the answer to what MM CANT shows for their activity in JBII this month >>
as noted amts via this post earlier this month and *documented* by me >> via MM time stamps