JUNP returned this week back down to its usual trading range, although yesterday’s session closed with 50% increase in the share price at $0.0003 and with a total of over 25 million shares changing hands. As the chart shows, it was a usual session for JUMP, during which the stock touched again the $0.0004 resistance and could be now ready for another surge up.
Yesterday’s promotional e-mail does not contain much of information about the company, apart from the stock’s low price and its historical 300% jumps from not so long ago. Correspondingly, the compensation promised by a third party was modest: $5,000.
Juniper Group latest press release was issued about three weeks ago. It said that Hakan Wretsell has joined the company as a consultant to assist in the expansion of JUNP wireless telecommunication operations. According to the PR, the company’s new consultant has held management positions with Ericsson Mobile Phones, and during his occupation there Ericsson sales doubled to $2.0 billion and its U.S. market share grew by 4% to reach 15%.
JUNP latest financial results show that it would be a major challenge to do the same with Juniper’s business. The sales of the company in the first nine months of 2010 were about $2 million, while its net loss topped $7 million. JUNP cost structure may thus not be the best, but its balance sheet looks even worse: around $300,000 in liquid assets and over $6.7 million in current liabilities as of end September 2010. In addition comes long-term debt for over $22.57 million, representing mostly derivative liability related to convertible debentures.
JUNP unenviable market cap of $162,124 as of yesterday suggests there are not so many people willing to take Juniper’s business even for free, and it looks like the company believes it is yet not the right time to conduct the approved by the shareholders last August reverse stock split of the outstanding 540 million JUNP shares of common stock. The approved ratio is 1 for 300.
