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Honestly, there was endless hype suggesting that hundreds if it thousands as of companies would benefit from a JBII magic processor. Now, with 2 processors pretty much complete and ready there is not a single buyer. Not a single one. And they have evidently shut down production in order to focus on sales of processors. Out of money, nowhere near the interest in processors as many claimed and not updating shareholders with news or financials. I've been around the block. That's a bad signal, says the end is near.
The allegations against JBII are withdrawn. The employees of JBII have been withdrawn from their duties. $170,000 has been withdrawn from JBIi's bank account to pay his settlement, patent applications have been withdrawn, sustainable growth was withdrawn years ago. Financials and transparency have been withdrawn as well.
Simply because JB took the fall for JBII, admitting to knowingly duping investors, doesnt change the fact that the damage was done to the investors of JBII through his actions. JBII share price and financial viability were ruined by JBII thanks to JB.
Before being busted for illegally inflating the value of media credits JB raised $11.2 million in funding. However once he was busted he can't raise adequate funds. Obviously deceit is/was his only way of acquiring adequate funding. No JB lies equals no money.
JB transfers shares illegally to promoters who use shares as payment to be Nondisclosing promoters of JBII. They push the share price up in an artificial and illegal manner. The share price sinks on e they dump their stock, never to recover. Each year brings lower highs and lower lows. From &4+ to .18. Example: last run all time low of .06 to .30 and already back down to .18
So, Nondisclosing promotion may have fueled early gains in the share price it also destroyed the ability to sustain any of the gains because it was built through illegal means on bullshit hype that never had a chance to come true. JB orchestrated this through providing free trading shares and placing these shares I hands of promoters by using his own kids as part of the scheme. Stock moved up on lies and hype and it moves down on reality.
JB ruined the ability to acquire funding and be ruined the stock price through illegal stock transfers. Nondisclosed promotion and outright lies in press releases. He caused the situation JBII is in today but thank God the allegations against the company were withdrawn, that makes it all better and JBII will be automatically placed back at $4 for a do over right???????
I do it for ones that have serious issues with remaining inside of the regulations put in place to protect shareholders. I've reported many stocks over the past 15 years. Have yet to see a single one become any form of legitimate . I've seen stocks suspended, CEO's arrested, litigations, settlements etc...I've been reporting shady pennies for a very long time. JBII is now in that position of being a violator in 2 countries, currently beyond the NT grace period and shareholders having no idea what the current situation is at JBII. No adequate of accurate info exists. Only factual info is about shady share transfers which is not good at all.
Based on that bullshit, any update on the mythical and laughable cash burn rate of $100,000 per day?
All we need is some filed financials....where would those be??? Oh, I know delinquint!!!!!!!
Bingo. If you don't pay them their blood money they lower your tier rankings........
You get what you pay for. Companies actually pay to be transparent, accurate and forthcoming to shareholders. I know, with JBII that is a difficult thing to comprehend.
lack of current and accurate information about the company because they have not filed certain periodic reports with the Commission.
Admitted violations that were detrimental to shareholders, lack of current info on the heels of that which is also detrimental to shareholders both current and potential.
And I will gladly post a copy when it is sent.
Sorry but that won't happen
Well, JB was fined and barred by the SEC for violations related to his filings where he overvalued those pesky media credits by a mere $10 million.
He was just recently fined and barred by the OSC for violations related to the transfer of free trading, unregistered shares to 14 unnamed individuals. That violation was said to be detrimental to investors and JB admitted to the findings as fact.
Now, JBII has gone beyond the 15 day window for their filing. One could easily argue that to be detrimental to the public interest based on past behavior and unknown recipients of unregistered and free trading stock and previous filing violations. kind of a 3 strike situation. Give them the benefit of the doubt twice only to see them do this? Look at the stock price since that transfer. Pumped on bullshit then falls to nothing. admitted violations of stock transfers now no filing that could shed light on those recipients or at least provide some transparency.
Currently you have a known 2 time violater now being completely non-transparent in light of a very recent fine and bar from the OSC.
How about this? I have a contact at the SEC. I'll send him an email.
Based on that mythical bullshit, got a single example in the history of the entire stock market to back that up that using an example that meets this criteria from the post you responded to?
(1) TRADING SUSPENSIONS.—If in its opinion the public interest
and the protection of investors so require, the Commission
is authorized by order—
(A) summarily to suspend trading in any security
(other than an exempted security) for a period not exceeding
10 business days, and
(B) summarily to suspend all trading on any national
securities exchange or otherwise, in securities other than
exempted securities, for a period not exceeding 90 calendar
days.
They most certainly can suspend trading. And last time I checked I wasnt required to dig through hundreds if not thousands of suspensions to find out how many days they have been delinquint. The fact they have now put themselves in a spot to be suspended is yet another red flag and yet another reason to doubt all the busllshit hype associated with JBII
The same attorneys who were making sure media credits were booked properly and JB's kids trust account wasnt used as a fountain to pass free trading stock to unnamed individuals???
Those attorneys???? Or is there new mythical lawyers who make sure JBII follows reporting requirements and calls the SEC to make sure things are on the up and up?????
BWAHAHAHAHAHA
Actually they can be suspended for not filing and revoked. They have securities registered with the SEC therefore they are required to file and it's not by choice. If they don't I would expect a suspension based solely on the violations of the past regarding their mythical valuations on previous filings. Doesn't bode well and they won't get the typical years of delinquent flings that some under the radar companies seem to get.
I swear JBII is hyped like a mythical South American amusement park.
WEEEEEEE!!!!!!'
All aboard the roller coaster that doesn't exist. First hill is P20 ship mountain, then it's the territory loop to loop followed by Uplisting corner. Then you finish with missing 10k corkscrew lol
Step right up to the scariest ride in the mythical park.......the haunted abandoned recycle facity....ooooh
Everybody loves the house of smoke and mirrors LMAO!!!!!!
Don't worry the allegations against JBII have been withdrawn so nothing else matters. If they don't file, don't sell any processors, can't get funding and close up shop you can all rest better at night knowing that JB took all the heat so the company could die in peace LMAO!!!!!!!!
I agree. Just post a link to the SHO list and we will discuss the regulated and posted numbers from the most recent list update. How many shorts are there again??? 8,276 right???? thats massive!!!! Could they all cover at once or would it take two transactions to clear up that eye popping total????
And who exactly is behind the bear raid crew???? Big oil???? Or somebody who fears His Excellency???? I just shiver when a bear raid crew comes to town.
Do you think JB gave 14 members of a bear raid crew free shares funneled like a weasel through his kids trust account???
Yeah and I'm sure JBII is so wildly sought after by so many people who understand just how massively huge JBII is about to become that the big firms are just pushed aside so "His Excellency" can work for shares right? And funding now comes in at a trickle, barely enough to keep the lights on, from JBII investors getting discounted stock as opposed to legitimate funders who could see the value in becoming part of this rocket ship right???? Or the fact nobody is buying a processor????? All companies and municipalities that JB was able to bullshit have left. Where is RockTenn these days???? Notice how the talk is always about legitimacy but when the legitimacy packs it up and leaves they are just never mentioned again or treated as if they never meant anything from the beginning???? Why is that????
Here is the main differences.
1). Martha Stewart is a household name. She was widely known and popular prior to her incident which was simply trading on inside info. That in itself is a major violation but it really isn't on the same level as what JB did.
2). She went to prison but spent millions on PR to help rebuild her reputation and brand. Luckily her violations were not associated with the company bearing her name, she had t lied to her own investors about her actions.
3). Her stock transactions were never hidden or shuffled through a trust held in her kids names. She sold stock on an illegal tip to avoid losses that would have came had she held the stock.
4). The fact that the stock did tank but also did recover and actually trade higher than the level she sold at as a contributing factor in her ability to regain her reputation. Had she duped folks with a scheme that included her kids trust fund and her company went belly up over it she would be a recluse today.
5). Nobody outside of JBII knows JB. He is important to only his investors. The general public cares about as much about JB as you do about his slimeball, con man behavior that got him barred.
14 unnamed individuals received shares funneled through a trust setup to deceive investors. That trust was setup in the names of his own kids. One has to ask the question. If JBII stock is so valuable why would be only leave it in his own kids trust for a few days before shuffling them out to stock promoters????? Pump and dump worthless stock is the answer.
Who can look around this general vicinity and probably name a few of those unnamed, unwavering, Nondisclosing recipients????
Copy and paste fearful response with no logical argument to factual presentation that has a 100% common sense approach.
Is there an update on the portion of JB's signed settlement agreement where the case against him is referenced as a "parking ticket"??????
Where is that filing that will show the loss????? Why isn't it released timely so all those duped investors can see the level of deceit that was used to separate them from their money???? How the processor that is supposed to be so profitable is sitting by almost idle, not eve producing that liquid good because JBII can't even afford to have the electricity run to it???? How about the section that will show where the recent cash infusion went???!
Go get the defibrillator because the heartbeat on this one has been lost.
Let's look at what's brought across as positive signs.
The stock bounced off of a 4 year bleed, losing all but the last 2% of value while it was hyped every single day of that bleed. When it hits .06 it rebounded momentarily. All artificial based entirely on funding and shares for Bis excellency. It has since dropped again from the rebound highs to the current level between .16-.18. The staggering losses of the last 4 years is. It overshadowed by the stock over the last few weeks and it's obvious that the stock continues it's long term trend of losing value.
The case against JBII is withdrawn. Forget that JB admitted to deceiving investors while funneling shares through a trust set up for his kids. Who uses their own kids in their deceptive behavior??? JB has been barred in 2 separate countries from acting as an officer or director of the company that bears his name. His actions are the cause if the declining share price as well as JBIi's inability to secure adequate financing. When you deceive funders and investors there is little left to scoop up as the pool of potential buyers dries up to a level where only unsophisticated people are available.
If the technology is breakthrough, profitable and desired as claimed the. JBII would be profitable, running processors, making fuel, selling processors and making money. But, the processors are basically idle and there are no buyers.
Nothing claimed has come true yet the claim that processor see are coming is still embraced as being true. It seems as if having money on the line means one has to support the company as opposed to admitting one was duped in JB's admitted swindles.
Then why aren't they showcasing this with multiple processors, making huge profits and selling dozens of processors????? I see idle machines and no sales. Hmmmmm?????? Smells like bullshit.
Uh, JB skipped his due process by admitting what he did which is clearly spelled out in his settlement agreement plus paying $170,000 in fines as well as accepting yet another 5 year officer ban.
You do understand he admitted his wrongdoings as facts as part of the agreement be signed???? That means no due process needed as he did not argue the facts and he chose not to fight them.
I suppose some will suggest he is innocent and simply agreed to be smeared and pay his "parking ticket" to avoid a lengthy and expensive trial but then again, who allows themselves to admit to something they didn't do which damages the reputation of him and the company he ran to save a little cash???
That would just be another act of screwing over your investors who already have watched the pps drop over. 98% from the highs to the recent lows.
He did it, he admitted to the findings as facts, he paid a fine. Thee is no argument here. It is a factual statement to say he funneled shares through his kids trust, violating securities law as well as the rules of the trust he set up for his own children. It's stated fact signed by JB himself.
Yeah it's all good right??? He didn't do anything wrong at all. Let's just ruin our reputation, pay $170,000 and admit to deceiving investors because fighting it is such a hassle. Seriously, what potential investor out there would actually think twice about buying JBII after seeing that kind of shenanigans??????
No investors care about guys who deceive investors at a time when the stock runs to an all time high followed by a bleed to an all time low 98% leaner. Nobody would even think for a minute that the deception created the situation JBII is in now.
Investors are dumb right? Love to be deceived, screwed over and then have people claim that nobody gives a shit about the losses incurred because of his actions????
Okay
What I asked here is how exactly does JBII survive not "hey point to Overstock". JBII is not overstock, don't trade on the same exchange nor does JBII have the type of market cap or investor base as overstock. JBII is a broke, POS penny stock with no ability to overcome anything. The naked short argument is probably the most desperate of BS lies spread on these boards. Tell it like it is. JBII talked a lot of shit, they never achieved what they hyped. The price per share was lifted artificially on that hype. It has since sunk down to a level more in line with actual results. The fact that they have no processor sales, no money and have laid off employees as well as closed facilities show a company in some financial trouble. There is a big question mark as far as demand for their processors and their ability to raise funds. If they actually sell some processors and they work as hyped then the share price would have some room for sustainable growth. However, currently there is no stability because the two things the company needs are sales and funding. Neither have materialized in a way that would ease pressures on the company or stock price.
See, how hard is it to just tell the truth????? If one believes in JBII then they would believe that the company will achieve funding and sales right?????
And stop defending JB for his actions. He admittedly screwed up and did some very bad and shady things. He has been removed from his ability to do so again by the SEC and OSC. He didn't have shareholder interest in mind when he made his decisions. Perhaps he is a slimeball scammer which some believe. Others want to believe he has good intentions and just made an honest mistake. Pretending what he did was meaningless is downright dumb. He screwed the pooch and somebody turned the light on and caught him doing it. Again. It certainly was a factor in the share price decline regardless if whether you believe in him or not. CEO's sued by the SEC cause selling of stock. That's a simple fact and why anybody like refuse to acknowledge that I have no idea.
Lastly, honesty just looks better when it's presented. "Yeah things haven't gone as planned, yeah perhaps the company was putting the cart before the horse, yes major mistakes were made by JB, yes the share price has suffered greatly but if you believe in JBII then you believe they will have buyers for their processors and that the share price will recover and grow on e they start selling them right?"
Can we just agree on these points because under all the bullshit lies about bear raid crews, naked shirts and JB being the best man on earth the truth can be told. The company as over hyped the stock price ran up based on that hype. The results paired with JB's legal issues with the SEC and OSC caused great downward pressure on the stock. There have been no changes in results that would spark a sustainable rebound of the stock price. So, until they actually start selling processors and making money there will be no change to the current situation. And it's very possible they will not be able to financially continue with out some serious funding with terms that are favorable to shareholders.
Doesn't that just look better than pretending invisible short positions exist or bear raid crews are to blame whole hiding behind JB's actions and the poor performance of JBII???? It's a penny stock for Christ sake. They aren't run like major companies and those involved with them aren't the cream of the crop.
Ahhhh, the truth is refreshing isn't it??? Easy to read, no interjecting of ignorance and no need to make stuff up. You believe the company will sell processors and is legit or you believe it's all smoke and mirrors from day one. Pretty simple.
There is no naked short position. But it does bring up a couple questions. If the agency in charge of regulating this exchange does nothing to stop the destruction which they have to know goes on and FINRA, who pits out the short numbers knowingly lies when they say no significant short position exists then who exactly is hiding the numbers???? Who are they protecting????? And the best one, who would ever invest here willingly, knowing they have no chance to succeed??????
I always hear how they can be defeated yet nobody can explain why over 4 years the stock price has completely tanked with new low of .06 and the new high of .29
If named shorts are allowed to illegally short millions of shares with FINRA and the SEC colluding to destroy JBII then thee is no victory for shareholders. The argument for naked shorting is perhaps the biggest argument against investing here. It's pretty laughable actually. The company sucks so let's just in net a naked short position in the millions, claim it's hidden because it doesn't really exist and then encourage people to buy stock here knowing the people in charge of protecting you are part of destroying it LMAO!!!!! Makes sense to somebody I guess.
There wasn't even $10,000 worth if .06 shares sold.
Wow, I wanna be here when all 8,279 shares try to cover at once LMAO!!!!!!
LMAO!!!!! What is the short position? How many shares????
So then, JB didn't really screw over his shareholders while using his kids trust as a laundromat????
People were buying stock at $5 and $6 at a feverish pace wondering how high the pps would go. Little did they know they were buying free shares from 14 unnamed individuals who kept saying it would go even higher when in reality they knew the bottom was falling out and there was no chance the already artificial highs could be sustained. The good ol days of this stock were over 4 years ago. This is reality. When the lies come full circle and the share price finally reflects the truth.
Based on that bullshit any update on where, in either settlement agreement, it refers to any of the charges as "parking tickets". LMAO!!!!!!!!
Pretty bad when all there is to cheer about is a bounce off of a 4 year 98% fiery crash of the share price huh????? Here is what that +65% looks like to a long term holder of stock.
Bought 5,000 @ $2 = $10,000
Sunk to .06 = $300
Rises to .17 = $850
BOING!!!!!!!!! $10,000 is now $850!!!!!!!! That is perplexing how one can put a BOING!!!!!!! On the end of such a massive loss and that's saying the shareholder was lucky enough to get in at $2 and not $4 or higher average. What a glorious job this company has done to protect shareholders. I guess when the man in charge lies to investors and funders and yet has hundreds of thousands to pay fines with while his company loses money every quarter for over 4 years one must scratch their head and wonder if the $9,150 paid for all the lies and the fines.
It's funny that nobody has been able to come up with a single, logical reason why JB would use his own kids trust account to pass shares to 14 unnamed recipients. They all say the $170,000 fine means nothing. Yet, there is no logical reason given why he decided to break the law and look like a slimeball.
You are absolutely correct. Which begs the question, why launder them through a trust set up for his kids??? One of the other questions is why would he give personal shares to a company for assistance is uplisting JBII??? That's a business expense not a personal one. Also, the only logical reason for using the trust would be for stock promotion. The way he did it means he could secretly promote the stock by passing share to promoters. Those promoters did no disclose their activities which is a violation because JB used shares laundered through the trust. In other words, people who were encouraging people to buy multi dollar shares were also selling free shares for promotional activities, not disclosing the fact that they were promoting and dumping stock.
Now, if you have a more logical reason to launder shares through a trust illegally when, like you said, had he just given them away there would have been no issue I'd love to hear it. What good reason would there be to launder shares to 14 unnamed individuals right before a barrage of bullshit news and a stock run up?????
Why would it be important to inform shareholders that the former leader mislead them, transferred stock in a way that violated not only securities regulations but also violated the trust he set up for his own kids. What shareholder would want to know he screwed them over while using his kids as cover for his illegal actions and what shareholder would want a lite transparency to know where those shares went and who benefitted from them?????
Well, only sensible ones who are interested in protecting their investment dollars!!!!!
Bwahahaha that's the response???? Too funny....you got any update on mythical charges against ex CEO's charged in a foreign country for a violation when CEO of the company they violated securities regulations under?????
Speeding tickets in Chile are $170,000 USD????? I had no idea.
Okay you have sparked my interest. Name one other reputable Former CEO who has settled charges in another country for a period of time when he was the CEO. I've got all day so take all the time needed.
Yeah it's like JB never put the screws to shareholders at all. It's like the pps hasn't tanked, the company hasn't gone broke, JB hasn't been barred and everything negative about those who have run it into the ground have just vanished because the OSC was satisfied with JB agreeing to what a con man he is?????
LMAO!!!!! I be followed dozens of pennies to the extent I follow JBII. Each and every one has gone broke or been shut down. Every single one of them. I don't follow good pennies. I find the scum of the penny market.
Why is it perplexing that by admitting his wrongdoing and agreeing to pay $170,000 that the OSC would accept that and not go after JBII, who is now broke and unable to pay any kind of agreement????
Bear raid crews have no effect on anything other than share price. If the business model was good and a solid plan in place with competent management there would be positive results. You act as if bear raid crews have some effect on management or day to day operations. They don't. Never have and never will. Managements inability to properly manage the company and it's finances while lying to shareholders and funders is what killed them and it's Also what killed the share price. That's the facts plain and simple.
You must have missed the press releases from nearly 5 years ago when JB claimed to have his paperwork completed and applied to the AMEX. Then magically, like a catalyst that allows unsorted and unwashed plastics into a P2O processor, the head of the NASDAQ went courting JB, personally contacting him and asking him to apply to the NASDAQ. I'm not sure if you are aware of this or not but JBII never uplisted and they never will.