JNSH is on the verge of making a big splash in its sector. Here's a short summary..
- Low Float - Transparent T/A - Profitable in 2011, 2012 and Q1 2013 - Filed papers to be Pink Current - Getting ready to be Fully reporting and uplist - And finally, the Chicago Assets deal with 350Green - City of Chicago has accepted the deal - New subsidiary formed to handle the related business - Lawsuit by CCGI claiming they have the rights to it - A previous similar lawsuit filed in NY was dismissed - Hearing scheduled on the 30th of May, 2013 - City and State want to resolve this quickly to take advantage of the Federal grant. - And, only JNSH has a plan and infrastructure in place to handle this right-away.
Also, before all of the above activity, last year when the company was making good progress (before being stalled by 350Green), the stock traded almost half the year trading above 0.02. A retrace to those levels will happen with any hint of buying as evidenced by the last couple of trading days. A good portion of the float is locked up by longs, who don't intend to let go of their shares cheaply.
The only thing I would like to add is that a person doing DD might wonder why the stock retraced back down to a penny? Understand that in the last year the company lifted the restrictions for all remaining restricted shares. Most won't ever hit the float, because as anyone who has tried knows... just try getting a broker to accept pink certs let alone just off restriction pink certs! We spent a good portion of the last year chewing though those shares, and it looks like they finally dried up!
I have said before that I won't sell a single share down here, and I won't. I know the CEO Brian is hard working and honest and has great ambition... I will ride this to a dime.