Wednesday, July 15, 2009

IJJP - The Billion Dollar Penny Stock



A penny stock potentially worth $4.6 billion dollars closed trading today at $.10. This is an amazing story that will continue to unfold.

IJJP has been flying under many traders radars for several months, until recently. On Monday the company filed a 15-12G, which for a shell stock is a sign that the shell is about to undergo a reverse merger. In this case VR Holdings is reverse merging into IJJP and bringing with it a claim to a $4.6 billion lawsuit.


The chart above shows some fairly impressive accumulation. The company expects IJJP to trade around $1 until the lawsuit is settled, at which time shareholders can expect a $12 - $14 per share pay day.

Once the word starts to spread about this stock it could quickly hit the $1 range. As the article below discusses, the stock will move higher as the probabilities of a favorable outcome increase or lower if chances of a $4.6 billion payout are reduced.

Either way being able to buy something at $.10, $.20, or even a $1, when in reality it is likely worth $12-$14 could bring out many people willing to take a chance on a huge payday. The reward, at this point, seems to far outweigh the risk.

This will be a stock to watch for the foreseeable future. Its a unique merger play that could equate to a huge payday to the tune of 1200% or more from today's close.

The news article that brought most of this information to light is pasted below for your convenience:

http://www.investmentnews.com/article/20090405/REG/904039943

16 comments:

RyanTaft said...

all of your stocks seem to tank when u post about them...what's up with that?

Robert Wilcox said...

IACH at $.002 tanked to $.03?
GNOI .012 fell to $.05?
SPNG .03 plummeted to $.23?

It gets tough calling all these drops. Thanks for reading.

RyanTaft said...

Ok. With that said, are u still bullish on ijjp after yesterday and this morning?

Derrick said...
This comment has been removed by the author.
MathewBracken said...

You have made a very good analysis on penny stocks here...I really appreciate you...

Penny Stock Investing

Anonymous said...

Dear Robert,
This news you wrote on July 15,what are updates now in Nov?
Is the story still alive?What are the results of lawsuit?
When you wrote , it was $.10 and now it is .0075.....is there any way it will bounce back?

Robert Wilcox said...

Anonymous,

The lawsuit appears to have been dismissed and IJJP has gone a different route. They hired a notoriously dilutive IR who has taken the lofty price levels brought on by the possibility of the billion dollar payout and run the stock into the ground.

Anonymous said...

Dear Robert,
Thanks for the prompt reply.I am new in USA market as I have come down from India one and half year back.I have long experiance of Indian stock market from 1985.
I have my own blog like yours but I write on Indian stock market and Indian stocks.
If you like to visit my blog then open this link...
www.rajeevdesai.blogspot.com
Let me ask you again, I still do not understand what it means that you wrote.Is IJJP is still a buy and still the target remains the same?$1 and over?
Thanks,
Rajeev Desai

Robert Wilcox said...

The lawsuit was the value in IJJP. Once the lawsuit was dismissed the stock lost most of its value as an investment and now it appears that dilution is slowly bringing this stock down to $.001.

Anonymous said...

its gong to happen soon....

Penny Stocks said...

It is really posted well and appreciative. Thanks

Penny Stocks said...

Interesting post because many people ignore this information... so important and clear.thanks

Penny Stocks said...

That's a great story! I can't believe no one has posted a comment here about it yet! Keep up the good work!

Penny Stocks said...

Good analysis.The term penny stock refers to any stock that is traded outside one of the major exchanges. The definition of a penny stock is a low priced speculative security.

manijaga said...

Stopped writing ?

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