IJJP – The Billion Dollar Penny Stock

A penny stock potentially worth .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 .6 billion lawsuit.

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

Once the word starts to spread about this stock it could quickly hit the 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 .6 billion payout are reduced.

Either way being able to buy something at $.10, $.20, or even a , when in reality it is likely worth – 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

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