RE:Bids Down Low / Volume trades ???Over 700,000 on the Bid side between .20-.23...(Bids are not going to move up till the Ask stops filling)...only real seller since March 7th has been annonymous. Anon isn't an insider cus they are in a blackout period and it sure isn't anyone from the last Jet Metal financing for 6.8 mill...they have a hold till mid or late June on their shares...and it sure isn't Jetlines shareholders (when they were a private company), who are averaged a lot higher and would never sell at these levels....so it only leaves one group Jet Metal investors that bought in on previous financing in the past before Jetlines was ever in the picture, who have NO LOYALTY to the new company. Most likely a large brokerage house that is happy making a few cents off their original investment....hopefully Jetlines learns from working with weasles like these who manipulate and hold down stocks so they can make their clients their 5-8% annual returns.
JET Stock will go up once these individual(s) sell off, especially once asset news comes out that adds value to the company. Anon to date has sold around 4.5-5+ million shares. Sad because if you factor the amount of physical cash they have on and the number of shares they have outstanding they average around .15-.17 cents per share earnings...so we conservatively should be trading at a 5x to 8x multiplier so around $.75-$1.20 range. Before you ask me were I came up with these numbers...go see the Jetlines Perspectous that can be viewed at SEDAR.com...everything is public and there...hopfully sites like this and others can change thier overviews to reflect the new Jetlines stock and stop showing the financials of former Jet Metal Corp.