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Saturday, January 28, 2012 11:33:42 AM
The "naked shorting is killing this stock" is like calling the police every day your child is at school and reporting him kidnapped because "you know kidnapping at schools happens".
JBII has lost some $30 million in its existence. It has a process which is being done by many other companies. It is losing 10-50 times the revenues of this process each quarter. It has relied and states it will need to rely, on PIPE funding to stay in business. It is subject to an SEC lawsuit and a class action lawsuit. It has competitors with much greater expertise and funding. It relies on people who, for the most part, have no background in either this technology, or start up public companies. The SEC is seeking to bar it's majority owner, CEO, and chief technical person from being a director or officer.
That such an entity is even in business, let alone enjoys a market cap of $100 million is a testament to the only manipulation being upwards.
I'm afraid the NSS fairy tale is indeed a fairy tale, at least as far as JBI is concerned.
"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."
-- Albert Einstein
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