I consider the move up before the delisting as an important matter, because the delisting vs reverse split decision gave the market the impression that future capital raises through dilution would be much more difficult and or onerous on the company. The stock went up to .50 before the delisting with just one quarter of data from the company, which was JC's first quarter as CEO. As I pointed out in my post two months ago,
the fact that JC said there was no need for dilution this year, changed the ballgame for investors. What is also important is that as the stock price rises, the company may get the advantage of a 2.1MM cash windfall should the .7 warrants become in the money.
I think there is a 50-50 chance for full year profitability for Jones. Even if that does not happen the .7 figure only amounts to a 27 MM market cap which is not unreasonable given the recent operating results.