What makes you think JAG is worth $6.50. Gurupi - pump and dump. Pacienca, fat leady singing, Caete - toast.
All the people trying to find a greater fool show up on the message boards for two weeks and then disappear when their quick buck scheme doesn't work out. Like you, they have no clue about JAG, can't even name one of their producing mine, and think Gurupi are dumb chicks that follow rock stars around.
Let's see if the bleeding stops at $2.85. I will think about throwing a dart at $2.12.
they are a special situations hedge fund that invests where they see opportunities for buyouts, restructurings, etc.
you can bet that being down 50% on their first investment is not making them very happy
the poison pill was designed to prevent them from acquiring enough shares to force a sale to someone JAG management didn't want to sell to (Shangdong). Senigran could make a tender offer at 5.50 for all shares just to put a floor under the stock. They could also run a proxy and throw management out and since they own more stock than any other entity, they would win the proxy fight.