JUM unknown

buying again, now 2.1 the someone is Berpaid Pty Ltd, a broker's...

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    buying again, now 2.1 the someone is Berpaid Pty Ltd, a broker's trading company I believe, same crowd who gave the $250k in return for convertable notes. They've converted the notes and also paid to convert another 17mill options (given at the same time as the convertable note transaction last year) excersizable at about 1.4c.

    Of the 35mill shares collected via this, they have now offloaded the bulk of them on market at 2c and have 15mill left. Price will be capped till these are gone...pains in the butt but good news is someone bought the 20mill offloaded so far on market at 2c..I reckon co ordinated sell-buy arrangement by the method they sell..happens quickly in 5mill tranches with shares offered and immediately snapped up.

    Good news is $250k liability extinguished and the $$$ raised via the 1.4c options in bank. Market cap about 5mill and 260mill shares on issue. 2c looks well supported but needs to break 2.4c resistance before any substantial move higher.

    News out today re launching the betting exchange in Europe, next revenue report should be the one to move things along...revenues and profits improving all the time, $2mill in bank growing. Unloved tech stock micro cap coming out the other side..
 
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