my theory on recent weakness, page-20

I am an unsophisticated investor no doubt, as my following question will demonstrate.

If Messrs Smith and Gander manage to get a large substantial backer to come into the IPO, are they then "allowed' to let the public know before the closure of the IPO, even tho they may only have a half filled book?

This is a self interest question, as clearly, if there is no such announcement BEFORE the expiry of the 20c options, then the options will be passed in and not converted because it would be much cheaper to buy JPR at prices around the current 14.5c.

There are some 22,338,00 20c options in circulation that will not generate ANY money for the company unless some triggering event does not happen before the 31st of October.

If this does happen, i.e. Oct 31st comes and goes with JPR @ ~15c, and JBF comes into being, it will have to trade at a large premium if I am to at least break even on the whole deal. Anyone?!