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Changing the parameters of the argument does not refute the formal study that debunks the proof offered to validate the nonsense assertion the SEC attorney was fired.
FTR, I was never of the opinion that the SEC was going to "win" disgorgement #msg-85300955
Your numbers are wrong if you are trying to establish marketcap during the month the settlement was announced. I went by JBI's press release (used the closing price).
Yes-- you are making my point, we agree that JBI settled above the norm of $0, but within the vast majority at < 0.50%
The argument was that the SEC lawyer was fired and proof (in part) was the extremely low fine as a % of marketcap...
... that is 100% nonsense as the NERA study, and I assume your links, debunk
Could you please source your assertion? In a study conducted by NERA, the vast majority of settlements in misstatement cases were $0 (71%), ~13% settled for less than 0.25% of marketcap, while ~6% settled for less than 0.50% of marketcap.
So about 90% settled for less than 0.50% with 84% settling for less than 0.25% and 71% settling for 0.00%.
What did JBI settle for? ~0.33%
JBI's settlement was well within the norm.
As for the former SEC and now USADA attorney:
--The former SEC attorney is a life-long resident of Maine where she received her degrees.
--Her husband and family were living and working in Maine during the time she was working in Boston.
--A USADA for Maine job opening was posted (Jan 20th) shortly after the SEC filed the civil suit (Jan 4th).
--It was reported that she was thrown a going away party prior to her leaving
--A DOJ (Department) job is career progression (from Agency)
www.SecuritiesLitigationTrends.com
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88411309
FWIW-- took a single May 15C @ 1.80 (net -185.64) for earnings reaction (assume neutral/positive)/Pincher maturity.
Price: 16
Reward: 18.3
Risk 15.2
R:R 2.9:1
Strike: 15
Estimated Intrinsic: 3.3
Price: 1.8
Est Gross: 1.5 +88.33%
Thanks for your thoughts I usually don't post setups this early anymore but this one struck me as being similar both in terms of the chart/reason for drop & also given similar share structure (lower float with good liquidity).
Calls look a bit rich and thin, but the 30Cs seem doable IMHO
(FWIW FTNT as an industry peer is up AH on a earnings beat)
GIMO [NYSE] Gigamon Inc
Technology | Networking & Communication Devices | USA
Early look based on TRIX/Neg ChiOsc Pinch (yellow line)
Now looks to be poised to breakout based on 4/24 AH Earnings. The drop was based on disappointing prelim Q reporting so the actual report shouldn't matter, but the CC might/should. 1st tgt would be in the $18.35 area
That was a nice call on an early look based on TRIX/Neg ChiOsc Pinch hebercreeper.
Placed in my watch box and now looks to be poised to breakout based on 4/24 AH Earnings. The drop was based on disappointing prelim Q reporting so the actual report shouldn't matter, but the CC might/should. 1st tgt would be in the $18.35 area IMHO
Thanks interloper I really like your UEC and I like the entry level. Confirmation for me should come w/ an open/hold above $1.11 tomorrow.
I like the short-term to the $1.26 area; but the weekly chart suggests a possible 4-5 week run ending @ +$1 (~$2 area) doable.
I echo charger's thanks for your posting
LOCK [NYSE] LifeLock Inc
Technology | Application Software | USA
LOCK [NYSE] LifeLock Inc
Technology | Application Software | USA
XONE [NASD] The ExOne Company
Industrial Goods | Diversified Machinery | USA
Low Float w/ very large Short Interest 3D Printing company
XONE [NASD] The ExOne Company
Industrial Goods | Diversified Machinery | USA
Low Float w/ very large Short Interest 3D Printing company
Here's what we know:
--The OSC identifies a (the) children's Trust as "1683091 Trust" via a July 6, 2007 Agreement.
--The OSC states that the Trust originally contained 6,000 of John Bordynuik Inc. These were JBI-CAN shares.
--John Bordynuik Inc's (JBI-DE) S1 SEC Filing (Registration Statement) dated April 6, 2009 shows:
1. The transactions surrounding 2 blocks of 6,000 JBI-CAN shares to be held in a trust for his children
2. The issuance of those shares (11/06 and 02/07) accounting for a 250:1 issuance (02/09)
3. The trust referred to in the OSC filings reflective of the 250:1 issuance
4. An "IP Trust" directly preceding the 1683091 Trust with the exact same share amount. The Trustee is connected to John Bordynuik
--John Bordynuik's deposition shows how the JBI-DE (once removed from JBI-CAN) shareholders got free trading shares by buying 310 Holding shareholders' shares at par
What one can surmise:
**I think a reasonable scenario is that John (and the Trustees) neglected the trusts' share "swap" (increase via JBI-DE) when the strategy shifted to buying a publicly trading company.
**When John needed an "arm's length" source for shares, he "funded" one of them at 2/3rds of the value by having one of the 310 Shareholders sell 1 mill shares to his Mother as Trustee in the Fall of 2009.
**My guess on the timing of said funding and subsequent funneling was in planning/preparation for the promotion campaign, which had an uplisting consequential desire to it (thus the Bespoke softer cover story)
CMG would be too hard for me as I have to leave shortly. Was watching NFLX for a Pincher-- but calls too expensive unless I wanted to take a big gamble on today's (IV in the high 30s -vs- high 90s). CLDX was another bio brought to this board as a potential Pincher-- failed 1st go around but getting closer to try a 2nd. LJPC loooks like a bounce candidate but it doesn't fit the Pincher setup criteria.
Morning Denny Nice get on Chipotle!
We got help from JP Morgan today with a BWP upgrade
"We upgrade Boardwalk Pipeline Partners to Overweight from Underweight after updating our model to reflect industry reports of a successful binding open season for the Ohio to Louisiana Access Project and emerging opportunities to repurpose underutilized pipeline capacity for north to south service," analysts said.
Thanks for your tgt-- It has past my 1st tgt @ $14.80 so I have a $14.99 stop w/ nxt tgt $16.50 - $16.80
You mean the son of the boyfriend of John's Aunt? Good question. By no means did I mean to gloss over John's benevolence to certain family members.
The "blending facility" had a great reworked storyline too.
Truth: From a (technically indirect family member's) failed business venture that went bankrupt whose assets for sale included the blending facility to...
Story: a benevolent shareholder who was willing to practically give away a prime site to be used to develop P2O because he believed so much in John's vision. It too became a part of the Oz story.
And then there is the Master Blender (the technically non-blood cousin) hired away from Sunoco. The question there remains as to whether or not he was getting the boot from Sunoco after they acquired the company he worked for-- given the propensity to rewrite the storyline in the most favorable light, I suspect the latter.
But back to your exact question, I believe the last the public heard about him was 2 Super Bowls ago. I believe he hosted a party that was discussed a little here.
That's very easy to answer. The whole idea is to not kill the goose that lays the golden eggs.
John could not sell his shares as they were restricted by virtue of "shell status."
So think Oz...
You only have to fool the retail shareholders.
1. Give back oodles of shares and announce a symbolic $1 salary and make the paperwork blurry enough to make it appear as though you are funding the company.
2. Have the ability to tap into a $1 mill+ cash stockpile of investors money parked in a different company.
3. Help out the friends/family eager to sell shares by:
a. Renouncing paid for stock promotions
b. Dole out free-trading shares via your children's trust (by most likely the same means that friends/family got free-trading shares) to promoters (provides direct separation)
4. Generate the loyalty of the few at the price of the (unsuspecting) many
Then there are parts 2 (command a huge salary) and 3 (sell shares under the radar). Goose has been laying eggs for John for a good while IMHO...
What does this mean? "... zero links to factual data re: KF .. SMB input ..."
Certainly there are links to SMB posts that speculate as to which company-- but it all started with a SMB declaration: "... How humorous, will it be when a certain, industrial company in Delaware is announced as, housing a cluster of P20's. ..." (my emphasis added)
Kraft was the most popular choice probably because of this follow-up:
MNTA [NASD] Momenta Pharmaceuticals Inc
Healthcare | Drugs - Generic | USA
Short-term decision (involving the granting/denying of a stay) inside a longer one (involving an appeal) given the news surrounding TEVA's Copaxone (and MNTA'a attempt to market a generic version of it)
http://www.fool.com/investing/general/2014/04/14/the-supreme-court-will-decide-the-fate-of-a-blockb.aspx
I hear yah Denny-- you got a few BB Pinchers there for the stout heart lol
MNTA is another possibility for a standard Pincher...
BWP held up nice after the ugly Friday. Looks like a follow-thru from Monday's recovery-- nice lil' 96+k) 5min vol candle pushed to R3 fib pivot (5min chart).
I was unable to catch the afternoon Rock-- you get in?
Just looked over the intraday charts and am thinking to see how the morning goes. I'm thinking above 16.85 (closer to 17) is a good patient entry.
I note the PPO has yet to crossover and the supplemental signals are mixed (pSAR tripped buy-side and TRIX 5/10 crossover is green but MACD 3/7 pairing has yet to complete)
I have a pretty full plate tomorrow and will miss the opening for sure-- might sneak in at lunch...
Those Apr 12.50Cs look great Do you have a 1st price tgt **LAO**? I'm looking @ 14.80-ish?
CLDX is off to a good morning-- nice call I've updated the chart and would argue a possible entry tomorrow (depending on market conditions) above the MA 8 ~16.85 area (hopefully the pSAR trips to buy side) w/ a 16.45 stop (mid-channel/ ~MA 5). I'd see an Reward:Risk of ~4.5:1 based on a fibs 38.2 retrace tgt of 18.68.
Would love your take.
They have one in Ohio too? That's news.
How about the other 3 operational facilities? You already knew about the one in Portland, but I haven't read that you visited there or the other 2 yet.
(Plus they have revealed a newly designed Generation 6 processor-- continuous feed and self-cleaning)
Thanks again
(I don't really dabble into the status stuff, but perhaps: http://investorshub.advfn.com/boards/mysignatures.aspx )
This discussion is a repackaged repeat of late 2011. Would you like to take up the "blend-ery" back-end replacement instead?
Why is there so much resistance to accepting JBI's own assertion? Why are you replacing the noun with a verb?
Very nice Rock-- thanks for sharing. I had been exposed a while back to VSA and it appears about time I looked into it a little deeper. So you are looking for around a 16.50-ish entry? You mention options on your blog. Do you trade them or just watch the volume and ratio?
Oh bother-- now there is a rewrite of the rewrite. So when John starts the paper by writing this: "... However, over the course of three years JBI, Inc. (“JBI”) has broken through these barriers and has designed and built a viable commercial-scale continuous refinery capable of processing a wide-range of hydrocarbon-based waste into ASTM specification fuels. ..."
And concludes with writing this: "... For the purpose of developing a viable, general purpose, continuous refinery capable of processing solids and liquids at a cost similar to that of crude refineries, we developed an inexpensive solution with the following results ..."
You read that as catalyst magic and not refinery? And you think I am pointing it out in the hopes to get the secret formula of the catalyst? Seriously?
Come to think of it, it does bring to mind the question of whether the catalyst chain of custody and bank vault security feature has been compromised given the recent rollover of key employees…
"... what is the point of this exercise? ..." I suspect something, but don't exactly know.
My point is the ASME paper is being held out by that poster to answer the question: "how is JBI a legitimate and disruptive technology? ..."
... yet is neglects to devote any real meaningful words in a "scientific" paper to the catalyst that supposedly captivated the Tape Reading Business supporters so much so that they willingly abandoned that entire business and let John use their seed money to forward the "magic catalyst" instead.
The 2ndary point was the ASME paper reads as if they are trying to highlight the refining, so much so to call themselves a refinery, which is also ironic given the early days attributed everything to the catalyst. The back-end micro-refinery was denied to exist...
... so yeah, the ASME paper rewrote the JBI history.
Right, except for the memory of it...
... which brings us around full circle to the ASME paper that does not mention the actual super-secret bank-vaulted catalyst-- remember?
Sounds like we're playing "where's the waldo catalyst" in the ASME paper...
... but for history:
A:
No of course not silly. The Ref #1 mention, almost while yawning, is the 3rd step in the process.
The "magic" supposedly happens in the main reactor (and some even speculate[d] it was added to the pre-melt). But now it is relegated to the "tower?" hmmm, looks like there's a medieval pun to be had...
... and of course the introduction of an entirely new super duper PET/PC catalyst (ref #2) can absolutely not be used as mentioning/heralding the "original" ...
... so no, not "that" (those) ones
Yeah-- that one. It is so "true and special" that it's not mentioned even once on the ASME paper. Strange that it had such a high "billing" in the early days...
Nah, but a single processor sale would make it interesting as the storyline would get frenetic-- just another trading opp though in the short-term.
Overhang is overhang. Pressure points all the way up to $4 puts a governor on upward momentum.
Link for the original history? I don't off-hand, but it begins something like this: "once upon a time on a magnetic tape long since forgotten there lived a magic catalyst..."
Versions of this story has been often repeated over the years. The argument to solely buy and hold, slowly accumulate, etc. is absolutely insane as a strategy for "investing" in OTC stocks. All one is doing is maintaining 100% risk and-- in the case of "dollar cost averaging" or continuing to accumulate -- increasing the risk dollars.
All OTC companies by their very nature are "fledgling" and carry a larger than normal degree of risk...
... but not seeing this is exactly what "smart money" wants one to do. Smart money sells into this buy/hold strategy. They want to minimize participation on the sell side-- especially in sporadically liquid stocks, which is the majority of the OTC.
Even assuming for the sake of discussion that this so-called MM Op Proc is true-- who in their right mind would want to engage these highly skilled "players" in the "battle?"
Every "investor" should actively look to reduce risk/$ exposure. The goal at minimum should always be trade enough in order to recoup the original investment and then "ride free shares."
Sorry- WRT = With Respect To