That's probably the most important recent event for JBI investors to consider, and I keep forgetting to add it to my list:
Recent JBI events that investors should consider:
1) JBII down-listed to the PINK sheets.
2) JBI admits to producing less than 48,000 gallons of fuel in Q4 after, significantly contradicting Bordynuik's promises to investors at the most recent AGM.
3) JBI abandoned their only known patent application on the P2O technology, leaving them with nothing proprietary to sell.
4) JBI revealed their failed PIPE offering for $1M dollars, selling shares that were discounted 45% to the market. JBI only managed to raise $320K.
5) JBI sold a bunch of shares at $0.05 to some wing-nut who refers to himself as His Majesty. Those shares, as well as the $0.10 PIPE shares will eventually trade in the market, further damaging JBII's share price.
6) Bordynuik admitted in the OSC settlement to having willfully committed a bunch of illegal acts against shareholders interests. This combined with the evidence the SEC made public in their actions against Bordynuik proves he lies to investors for personal gain. Using his own mother and children as unwitting dupes in his illegal schemes suggests he's a barely functional psychopath.
7) All the illegal acts that Bordynuik admitted to in the OSC filing are going dramatically help all the folks suing Bordynuik and JBI win their cases, and significantly damage JBI's defenses. There are sure to be other lawsuits as a result.
8) JBII now down 63% since Heddle took over only eight months ago.
9) JBI hasn't been able to find even one independent qualified person to join their board, after trying for a hell of a long time. That suggests folks who have experience in managing legitimate public companies don't want anything to do with JBI.
A casual stroll through the lunatic asylum shows that faith does not prove anything. Friedrich Nietzsche
