"Not only this but the so called sophisticated investors always seem to sell straight away", nail on the head. This feels like an issuance of $10,000,000 worth of shares for a select few to make a good quick buck. It would feel more appropriate if they called it like it is and just said sophisticated traders.
The debt clearance is almost a silver lining, a polished tin lining maybe.
The company has historically shown little intention of displaying net profitability by electing to post paper losses for tax minimization.
JAT Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
(20min delay)