JADA trade ideas
$JADA Begins Ascent on 2nd Leg After Cldtin on Massive R/M DDRead This: First off, good morning! For those of you that have been following $JADA’s trading for awhile, there have consistently been double and triple prints over the last 2 months of trading.
And I stress the word CONSISTENTLY. For those not aware of what this means, you can read more about it here, but the long story is that there is a secret buyer behind the scenes: whenindoubtgetout.wordpress.com
On top of this, Joe Arcarro has a successful record of taking shells public, and the price of these shells has gone from sub .01 to $’s. Pay no attention to anyone telling you otherwise, he currently has multiple shells in process right now.
We saw the necessary paperwork filed to bring $JADA current, which was submitted end of Jily (Financials and Attorney Letter). It took a few weeks because OTC was most likely backed up due to Covid—19. Now everything is in place for the shell to be sold.
As we saw 2 days ago, Arcarro is no longer listed as the owner. So things are progressing behind the scenes. The speculation is that Coinbase is the R/M candidate, which would be beyond imaginable. And Coinbase is holding their 1st Investor Day today. We saw the stock run BIG yesterday, and it was the first time we saw an institutional MM show himself on the bid. But keep in mind, even if it isn’t Coinbase, you know it’s going to be huge whoever comes in.
This is the cleanest shell with tje nicest share structure I’ve ever seen on the OTC in my 20 yrs. of trading. Joe Arcarro owns 90% of the O/S, the other 70 milliom are restricted leaving a float of 2.5 million! If you add up everything that has been happening.
The float traded almost 3x over, with record volume and making new record highs. On top of this, multiple double and triple prints, institutional market maker on bid and trading the float multiple times over. This means there is also a big short position that needs to be covered.
Once the R/M takes place there will be a CUSIP change which will force all short shares to be accounted for and covered! Stay tuned, don’t lose sight of what is before us, this is truly going to be one for the OTC record books!
