JPR - Jupiter Energy

[ALFguy]

Realist that is correct. You must be holding at 5pm on record date. What you the next day wont matter.

Record date is 17th, so surely you mean holding at 5pm on the prev day?

Realist asked if holding at 10pm on the record date entitles you?

 

[Realist]

10am actually..

They are 16 cents now... Keep going up!

 

[Stinger]

Record date is Friday 17th. You need to own the shares at this date at 5pm.

You can sell them Monday the 20th and still be entitled to your JBF shares

 

[papatee]

Record date is Friday 17th. You need to own the shares at this date at 5pm.

You can sell them Monday the 20th and still be entitled to your JBF shares

Wouldn't this work in a similar way to dividends, in that the relevant date for a buy or sell transaction is actually a few days before the record date (ie: because of the number of days between transaction and settlement)?

 

[Shroomos]

price seems to have stablised a bit, does anyone think it could be heading up? maybe with some more trading... dont know, what does everyone think? i guess, with the upcoming offer and all, it should start to gain some attention

 

[Shroomos]

is this share going to move upwards?

 

[ALFguy]

It appears very few are now willing to sell at these lows, so may start to creep up.

Everyone's waiting for news on the IPO.

I've topped up at 14.5c - nice and cheap compared to my prev buy at 17c

Just needs a little patience now.

 

[canny]

Yes Alf, Just patience and time - give it a few days and we should start ot get news filtering re take up figures on the IPO.
Selling eased right off - the tables are turning.

 

[maverick11]

ummm...crap!

 

[Realist]

Yeah we've screwed the pooch with this one so far. 12.5c now- yeeouch.

I read the annual report last night.

I still believe it is a hold, anyone who sells now and misses out on the JBF shares is not thinking clearly.

 

[Shroomos]

well, ****e, should get up again though, as people start buying up at these low prices... i hope... what do you all think?

 

[Shroomos]

would be good if e-trade was refreshing this price quicker though

 

[wawawee]

Hey guys just joined the board.

I was searching for some news on JPR and found your forum. I read through the posts for JPR and some of them I found incredibly funny. I am an amateur investor in speculative shares. I have been trading for the past copule of years with the help of my broker. I bought JPR at 12.5 cents along with exercisable options at .08 cents. I watched the share price rise to 21 or 22 but did not sell because i was ( and am ) waiting for the in specie distribution. The reasons it started to decline were

1) crude oil prices
2) another company called Sterling bio fuels (SBI ) floated well below its IPO price. i think 25-30 cents lower. unluckily for SBI they floated just as the world oil prices plummeted.

Jeff Gander the current CEO has to raise 70 million $ for the jupiter biofuels to be successful. So far there is no indication that he has done that. He is travelling overseas in the next few days to raise funds . whther he will be successful or not time will tell.. even if he is successful in rasing the 70 million there is nothing to guarantee that the new IPO will do well... it might just be another SBI story. hence investors have lost confidence ( or are wary about investing in JPR )

Just wanted to share some insight.

the next few days should be interesting. they even rise to 18 and i'm happy...

 

[Shroomos]

Hey guys just joined the board.

I was searching for some news on JPR and found your forum. I read through the posts for JPR and some of them I found incredibly funny. I am an amateur investor in speculative shares. I have been trading for the past copule of years with the help of my broker. I bought JPR at 12.5 cents along with exercisable options at .08 cents. I watched the share price rise to 21 or 22 but did not sell because i was ( and am ) waiting for the in specie distribution. The reasons it started to decline were

1) crude oil prices
2) another company called Sterling bio fuels (SBI ) floated well below its IPO price. i think 25-30 cents lower. unluckily for SBI they floated just as the world oil prices plummeted.

Jeff Gander the current CEO has to raise 70 million $ for the jupiter biofuels to be successful. So far there is no indication that he has done that. He is travelling overseas in the next few days to raise funds . whther he will be successful or not time will tell.. even if he is successful in rasing the 70 million there is nothing to guarantee that the new IPO will do well... it might just be another SBI story. hence investors have lost confidence ( or are wary about investing in JPR )

Just wanted to share some insight.

the next few days should be interesting. they even rise to 18 and i'm happy...

y did u find them funny?

 

[dutchie]

G'day you holders.

Doesn't look to good at the moment (IPO is not attractive enough the way price is sliding).

Hope it doesn't go below support at 0.12 on high volume for your sakes.

Cheers

Dutchie

 

[Shroomos]

is anyone buying?

 

[wawawee]

y did u find them funny?

Because of the comments about the propectus and the rocket picture. Some posts on this topic are with such certainty. That's why i said i found it funny. Never knew forums like this existed. You guys know any other forums?

Which online brokers do you guys use?

 

[canny]

Looking ugly this morning, but has filled that technical gap that was left at 13 or 13.5cents.
Now - yes, don't want any large volume under 12c. Needs to hold support here.
Unbelievable really - still only a couple of days into the paper prospectus and people falling like sheep or having stop losses triggered. The story hasn't changed.
Give Gander and Smith time to get it up. Agree, Sterling has had a detrimental effect, but their IPO was worked on optimistic figures. The JBF IPO is worked on VERY conservative figures, and is a much better all round proposition.
You are still going to get a JBF share for every 2 (or slightly better than that actually) JPR you own at the record date (Nov 17th) - 5 to 6 weeks away.
JBF expected to open at 50c plus - JPR to have an energy asset backed in. Even for the JPR alone, this price is starting to look too good to pass up. If it's 12c placement holders selling (still taking a profit) - they will get no favours in the future.

 

[wawawee]

JBF expected to open at 50c plus.

Sorry Canny have to disagree with that statement. I get the sick feeling that gander will not be able to raise 70 million. I hope he does but it is not looking good at all. I will be the happiest guy in the world if everything goes to plan and JBF opens at more that 50c. I also did not like the way they first started promising us shareholders that the in specie distribution was going to be
1 share of JBF for every 1.675 to 1.8 shares held.. that figure then went to 1 for every 1.8 shares and then finally without warning in the prospectus it was 1 for every 2 held. I think that was quite sneaky. There were quite a few brokers who were still quoting the 1 for 1.875 shares held even when the prospectus came out.

 

[ALFguy]

You are still going to get a JBF share for every 2 (or slightly better than that actually) JPR you own at the record date (Nov 17th) - 5 to 6 weeks away.
JBF expected to open at 50c plus - JPR to have an energy asset backed in.

Canny, that's all assuming they raise the funds right? I suspect the sell off is nervousness about wether the IPO is being taken up. No news worries.

Still, doesn't look healthy, but for every selling there's a buyer interested