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Bullboard - Stock Discussion Forum Jericho Energy Ventures Inc V.JEV

Alternate Symbol(s):  JROOF

Jericho Energy Ventures Inc. is a Canada-based energy company. The Company is engaged in owning, operating and developing both traditional hydrocarbon joint venture (JV) assets and advancing the low-carbon energy transition, with active investments in hydrogen. The Company’s principal activity is acquisition, exploration, development and production of oil and natural gas fields in the United... see more

TSXV:JEV - Post Discussion

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Post by Tim1234 on Sep 04, 2024 1:20pm

Big Seller!

What a interesting situation lol ... 
Selling continues ... 500 shares at a time, over and over again, a few minutes apart ... I'm assuming it's the same person (ie. broker>CIBC World Markets). We know that (as of today) they are willing to sell at 0.13 ... how low are they willing to go? ... how much do they have to sell? ... are they up against a ticking clock somewhere? ... is there an advantage to JEV management in this process? ... or do we eventually see an NCIB announcement because they've had enough stock price erosion? ... stock price is knocking on new all time lows suggesting that the VAST majority of shareholders (ie. I don't have any past private placement info) are underwater on their JEV positions ... meanwhile, we're heading into the fall and 'tax loss harvesting' season ... very little company news released lately ... long term, a very bright possible future nevertheless ... feels like I'm caught in some 'Indiana Jones' movie ... it's just sooo exciting LOL!
Comment by TruthSeek101 on Sep 04, 2024 3:56pm
I enjoy your commentary. I don't think there is an advantage to JEV management in having the stock get hit. The largest investors, insiders and management have not sold (per insider filings) and if they are working on closing material developments, they would not be allowed to buy.  Last time the stock was this cheap was in early 2021 before they announced the boiler deal. It then went ...more  
Comment by TruthSeek101 on Sep 12, 2024 12:08pm
I called and asked about the frequent CIBC selling that has been occurring. They believe it was one motivated seller who had about 600,000 shares and believes most of it has been sold. Told me insiders have not sold shares in past few years and purchased 3.4 million shares at 0.20 in first quarter of the year in a private placement. He did say there are several hydrogen updates to come and that ...more  
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