RE:RE:My NR forecast I'm very sceptical that we will see anything before February 2023. Something fishy is going on with this stock and no idea why the price is suppressed - either a hostile takeover is coming or they want the deal at a lower price. As I said previously, the only way to unlock the value and break this trading game is to make the deal in a way that will provide at least $1B US value for the company. Here are a few facts:
- Around 10% of the daily volume is shorted
- Check the MDA posted yesterday - almost 3M warrants @$1.75 EXERCISED in November (probably after permit).
Whoever is shorting the stock won't need to cover at all - simply sell the warrants (if the actions are related). What would be the reason to short a stock in the current derisked phase? You still make only the difference between the $2.20 average short sell price and the $1.75 warrants price..
My theory that I have been bit**ng about since Nov 2021 PP raise will be proven wrong only when JSL make the deal at least double the valuation from the current market cap. If anything less than that - will prove that the smell is coming from the fish's head...
Common JSL, prove me wrong!!!