Replies to post #86444 on JNS Holding Corp (JNSH)

[Huy]

this is penny land, price action follows price intraday, but volume will dictate where we go, people who have running open orders and others who've waited long to get out, won't matter they're losing potential here

[Chili Palmer]

Read the lawsuit CCGI is responsible for JNSH legal fees via the APA agreement it's right there indemnification.

[ditka]

Another chart with another mis leading question. Everyone knows here now that JNSH won in court CCGI HAS TO PAY ALL LEGAL BILLS so why post CRAP face it JNSH has won and it will only grow from here. PLEASE the next time a so call chart expert post a chart please try to explain what the chart means. so far all of the past chart showed NOTHING just like this one. For everyone who might not know this I included the 8K filing from CCGI showing everyone they have to NOW PAY JNSH LEGAL BILLS

In the Complaint in the pending Illinois Lawsuit, the Company and CCGI Sub alleged one count of tortious interference with contract and seek a declaratory judgment to have the Court declare the APA null and void. It is the Company’s position that due to the pre-existing Exchange Agreement between the Company, CCGI Sub, and 350, of which JNS had actual notice, 350 Green was prohibited as a matter of law from executing the APA. Further, JNS, despite having actual prior knowledge of the Exchange Agreement and the request for an injunction in the New York Lawsuit, still chose to expedite the purchase of the Chicago assets of 350 Green. Therefore, it is the Company’s position that the APA is null and void and could never be binding on 350 Green. The Company is evaluating whether to amend it current complaint against JNS to seek additional damages arising out of JNS’s actions in Chicago. While the Company believes that it will prevail in the Illinois Lawsuit, the possibility exists that the Company may be required to sell the Chicago assets and pay JNS’ costs and attorneys’ fees in accordance with the terms of the APA. In such an instance, JNS would also be required to assume approximately $1.6 million of 350 Green’s liabilities.