It feels pretty bleak for Jones. However, it also had to feel just as bad in 2002 at about .17, 2008/9 at about .30, and then later close to basically giving the company away. Is it the 3rd time's a charm, or 3 strikes and you're out?
Why do you think Traner made a 10k share purchase in March? She's gotta be pretty sharp being a CPA, with prior beverage industry experience, and Audit Mgr experience after almost 8 yrs with Deloitte. Can't see her just wanting to toss away $5k, especially when already carrying a decent amount of shares probably just given to her?
it's all part of the scam... invest a nickel to steal a dollar, or more specifically to convince some rube to buy the next share placement.
Jones management and directors have shown no real confidence in the stock. ya don't see any of them buying 500k-1M shares at 40-cents?
read the filings... they've exhausted the share placements with Glengrove, had Rodman & Renshaw dump more shares & warrants onto someone at 50-cents, and arranged to borrow 75% (up to $2M) from their credit line, and brought back their CFO to sit on the board and help them with the next round of financing.
there's no way out and no more time.... they're gonna fail, need to raise more capital, or do a distressed sale very soon. the next PR could just as well be the CEO leaving and their new board member becoming the latest interim CEO. they's better announce something quick or the stock will cost less than a pepsi (in can) at Sams wholesale.