With the merger now scheduled to take place on July 17 it is certainly evident from both price and volume action that NSS positions are not now being closed. Posters on RB are asking why this merger should force naked shorts to cover positions when previous attempts have proven unsuccessful. I hope that this time will be different since the merging company, although private, does appear to have potential for future profits. I guess that now it would be completely kosher for us to speculate on what actual effect the merger will have on the sp of JAGH in the short and long term. I continue to hope for an increase in sp but I am by no means positive enough to purchase more shares at this price. I would like to see more positive statements coming from the two companies as this may encourage others to buy some shares. Friday's volume of 94,009 shares is really pitiful even when compared to the average volume traded of late in the stock.
Any thoughts?
Doc