Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sure-- you can concentrate on the floundering fundamental side. It's proving itself out in time despite the opposite of FUD.
Regardless, the equity sham will remain (and even moreso with a legitimate and increasing share overhang)...
... and FTR, the ASME paper is a historical rewrite. P2O's origin is completely omitted and John fully embraces the "refinery."
Welcome back Rock Thanks for the pick-- put on watch. FWIW, a friend's broker at Merrill Lynch was recommending a few BioTechs worth looking at including BIIB and GILD (extremely weak Pincher prospects) as we seem to be in a BioTech correction period (I'd add AMGN if it holds the up channel)
From my chart read, the Pincher technical readings are not as stark in ADX (< 40) and RSI (14 period barely dipping below 30); but I like the storyline related to the sell-off (doesn't appear insurmountably negative).
(I see you are into VSA and would be interested if you could point to some VSA triggers WRT CLDX)
In reading John's own words, one can easily come to the conclusion that:
1. SMBs were a desired "venue" to gain/retain "investors"/"a base"
2. John knew the SMB stigma attached to the reported hiring of paid promoters of OTC stocks
3. John still wanted to pump up the price of his company's stock in order to:
a. generate liquidity for the JBI-CAN pp'ers (a lot of friends/family/loyal supporters in 2008) to sell into, and
b. attempt to move to a higher exchange
4. In order to provide distance between the company and a paid-for promotion (having the promoters circumvent Section 17(b) of the Securities Act of 1933), companies will funnel shares/compensation through 3rd parties; but:
a. SMB posters have gotten better at finding/linking promotions to 3rd parties, and
b. in order for John to control who got what and how much, he had to control the 3rd party-- the Trust was an ingenious way to do just that.
Question: How is JBI a Sham?
Answer: (In part) how to circumvent Shell Status restriction of shares, part 2:
I believe you need to understand the timeline being discussed-- during late 2009 - early 2010 JBI was not in danger of going under. Indeed, that is when the stock was trading at its all time highs.
I know who set up the trust and where the original 6,000 shares came from. John was paid handsomely for his Tape Reading IP (Feb, 2007) and Dirty Bomb Detector patent (Oct, 2006)-- the trust shares were part of those "deals."
An interesting revelation now is that his children's trust never received the benefit of the 250:1 split of JBI-DE shares (Feb, 2009) as well as 1/2 of the original shares never made it into it.
Would be curious for starters to know where the 1 million shares came from given that would define their status as either free-trading or restricted back at a time the storyline was trying to convince everyone that all "Shell" shares were restricted ...
What complete nonsense this turned out to be. Enlisting his mother to abuse his children's trust too? Yuck
The Bollinger Band "narrowing" just signifies a decrease in volatility-- it does not portend direction. However; the Ulcer Index (UI) is a volatility indicator that attempts to measure downside risk. The UI 14 period has been increasing since the end of March (plotted behind price on the chart)-- combined with current news and anticipated short term horizon, I'd suggest any significant volume (volatility) now would favor the sell side...
Money Flow indicators (CMF, MFI, ChiOsc) show Retail (CMF) supporting the minimal volume in an attempt to keep the price from drifting downward.
This is a better TA assessment than suggesting patterns that are technically inaccurate/don't exist- thank you
I'll consolidate your separate responses...
... interesting story, but it negligibly resembles the true history.
1. SHELL: “The shell” (FKA 310 Holdings) was funded and waiting for a company in the typical fashion. If that is what “dirty” is then all shells are dirty. John Bordynuik and all the people brought over from the Delaware corporation (via Canadian Company Private Placement and regular shareholders) were sold shares for roughly “par” value by some of the original “funders” of the shell. John created that “dirt” (if one wants to call it that).
The “dirty” immediate non-restricted share trading room had 310 “funders” with shares at a $0.004 cost basis combined with John’s “entourage” with shares at a $0.50 cost—those are discovered facts after the fact with references to include John’s testimony.
Please provide references to your inferred (evil) Hedge Fund.
2. MEDIA CREDITS: The media credits were John’s doing after the fact—they were not a part of the original “shell” purchase. John purposefully bought the bogus credits and then purposefully improperly booked them to bolster his balance sheet. The distinction to understand WRT the SEC and Domark’s accounting is that the SEC’s issue with Domark concentrated on the asset accounting itself and not the value (as Domark booked it at what they paid for it, bogus or not).
And most importantly—before the issue with the SEC was resolved – Domark sold the bogus credits to John. Regardless—to coin a phrase – “even Ray Charles” could have discovered that the media credits in question were bogus. Did John do absolutely no DD when acquiring companies and assets?
Please provide the names of the person(s) or entities you believe convinced John that the credits were legit.
3. BAD CHARACTERS: The evil organs wanting to see the company fail conspiracy has absolutely no basis in fact. I am interested in how you are somehow attempting to connect individuals (entities?) involved in setting up the shell with the notion that there exists entities/persons who want to see the company fail to the point where they convinced the SEC to actively participate.
Which one(s) of the 24 original funders of the shell are you asserting is a participant?
Placetorent.com, Inc, Emerging Growth Stock, LLC, WestSide Capital Corp, Royal Strategic Corp, Natasha Shula, Beverly Hills Capital Corp, Marvin Bear, Royal Equine Alliance Corp, Blue Ridge Investment Group Inc, The Company Inc, Beau Allen Courtney, Beverly Hills Creative Management Inc, James Parker, Speedy Wire Inc, Next Super Star Inc, Michael Schlosser, Tal Bortniker, Mark Stever, Luxe property Group LLC, Trailer Trash Films LLC, Haughty Fragrance LLC, Big Apple Publishing Inc, Arabella Films LLC, Nicole Wright
I hope it’s not James Parker (that may be a bit awkward).
4. INSIDER/AFFILIATE/ASSOCIATE SELLING: So you are in the camp of no family member has ever sold, or just not telling when they sold and how much? And this doesn’t make any sense: “…Sale of founders' stock to fund a business is the way things work …” An owner personally funding his business or obtaining funds for his business is the way things work-- no one would dispute that but:
... are you saying that:
a.) John as the founder of JBI selling JBII shares to fund a Motel/Hotel Travel Business that is not owned by JBI is natural; but
b.) other family members selling JBI for non-JBII related “funding” purposes is not?
5. THE TRUE (COSTLY) GAME: And finally, “the game” is played by convincing those who don’t know better that there is an “opposition” and that it is playing all the games. It is “typical” OTC wolf pack bleating in sheep-skin.
http://investorshub.advfn.com/boards/replies.aspx?msg=98793189
What dirt was in the shell that wasn't generated by Mr. Bordynuik's actions on purpose?
What is the breakdown of family members who have never sold, family members who have sold to recoup original investment, family members who have heavily sold, and family members who have never sold?
Aren't the odds in the favor of family members who have sold heavily-- like John himself?
$80k investment for ~ $1mill -- that's a sweet haul
Do you have a chart update ospreyeye? Perhaps a suggestion on what a close below MA(50) would equal?
Sure Using your yahoo reference:
78.48 million float shares do not equal less than 23 million retail investor shares. Period.
Like that level (& its IV/Delta) *LAO* -- I'm in shares only at the moment ($12.96) but was contemplating Sep $15C based on fundamental progress...
... also a hedge perhaps w/ Mar 12.50P?
100% nonsense-- don't fall for another version of the "float lock down" ploy
Your math is wrong
Could probably answer that question by answering this one:
How did TBG and Bespoke contribute to the trading dynamics of WTII?
Wow, yeah, that 2nd bounce would've been sweet. You trading weeklies (and what level are you looking at)?
Thanks Denny! Put it on watch
By virtue of "book definition" the chart doesn't qualify as a Cup & Handle. By virtue of lack of traditionally discovered "paid promoters" the price fluctuation doesn't qualify as a P&D.
BWP [NYSE] Boardwalk Pipeline Partners LP
Basic Materials | Oil & Gas Pipelines | USA
BWP [NYSE] Boardwalk Pipeline Partners LP
Basic Materials | Oil & Gas Pipelines | USA
Thanks for the reply Golfgod. Is there an update to the December AGM that I missed?
"... Our two processors that are currently in fabrication are identical to processor 3, so it’s important for us to be able to showcase the machine, and what it’s capable of, to potential buyers on site. ..."
Interesting theory, but I have been here, watched and sometimes traded this stock since 2010. I have seen sellers dump into good news, I have seen insiders dump pre-bad news release to the public, I have seen restricted shares dumped prior to their legends being removed. The "long" manipulation and selling has far outweighed the shorts.
Why? Because the company "promotion" has been over-hyped since inception in order to aid insiders, affiliates, associates and consultants (AKA promoters) into creating enough sporadic liquidity to make money on the backs of die-hard believers/dreamers.
Not sure one can see that if one only started trading JBII a few months ago. Also: your 20% cash rule requires you to actively trade JBII-- no? That would be both buying and selling?
Trading JBI is doable every now and again; but the age-old OTC adage is very applicable: "Trade them, Don't Marry Them."
And now's the time to step to the sideline IMHO as the weak liquidity has dried up and the fundamental horizon of the underlying stock tilts in the direction of negative developments.
The anticipated positive news is full of questions, i.e how can JBI sell processors 4 and 5 when the new design calls for an additional 1 and 1/2 kilns for premelt and residue removal? JBI does not have a complete unit to sell and their finances are quickly drying up-- no?
Can you explain why "shorts" would keep buying small amounts of shares at the ask (painting the tape) and then selling into a raised bid if all they want to do is drive down the price?
Isn't the most likely and logical explanation that "sellers" are unloading shares into an illiquid market and trying not to collapse the price?
Price Size Mkt Time
$0.22 9,000 OTO 14:38:51
$0.23 100 OTO 14:19:48
$0.2299 4,900 OTO 14:19:43
$0.2469 200 OTO 14:13:52
$0.215 1,600 OTO 14:10:09
$0.22 14,600 OTO 14:10:09
$0.2202 500 OTO 14:10:01
$0.2202 4,900 OTO 14:10:01
$0.25 200 OTO 12:31:34
$0.2208 3,000 OTO 12:14:16
$0.25 300 OTO 12:07:54
$0.25 200 OTO 11:49:53
$0.25 25 OTO 11:22:06
$0.24 10,000 OTO 10:42:00
$0.24 900 OTO 10:40:04
$0.23 900 OTO 10:39:56
$0.24 200 OTO 10:38:17
$0.2201 2,000 OTO 10:29:52
$0.24 200 OTO 09:59:46
$0.24 200 OTO 09:59:42
$0.23 2,500 OTO 09:43:46
$0.23 2,500 OTO 09:42:25
$0.23 15,000 OTO 09:41:06
$0.24 2,000 OTO 09:30:43
$0.22 200 OTO 09:30:28
$0.22 752 OTO 09:30:05
$0.22 200 OTO 09:30:04
Clearly-- as clear as weaving bits of truth with disinformation to come up with P2O costing $8.49 per barrel to process...
... but hey, if that's what it takes to make a market, weave on
"... Clearly the author's point was ..."
Both the daily & weekly charts show JBII began it's Money Flow 3-cycle out yesterday. The monthly (via daily 21 cycle) and quarterly (via weekly 12 cycle) both have taken a downward pivot but remain above the bullish signal line.
The note to note is significant Retail support to Smart Money selling as reflected in CMF 3-cycle-- it remains above the bullish signal line.
Money MOMO (ChiOsc) leveled out today on daily-- tomorrow should tell whether the 3-cycle will cut short again (as it did last cycle) or continue a full cycle down.
Regardless, the trade closed out yesterday afternoon (however, I couldn't complete my sell until this morning).
On the other hand, duly noting loss of uptrend strength (ADX 7), the conventional TA supported stop would be mid-channel, H-Sup, mid-bb confluence @ 0.20 and the resistance to monitor would be the upper channel, H-Res, MA 200, and fibs R1 confluence @ 0.305.
Frankly, the new developments stink. Nothing is actually "new" but it is being packaged to look that way. Bespoke was always in one of JBI's inner-circles and their connection to TBG casts serious doubt WRT a supposed continuation of forward movement. Did JBI at this exact point in time need a "strategic partner" to help sell machines globally that supposedly didn't need any help getting sold locally?
And it comes with a sub-plot given the (re)addition of Bespoke as IR...
... Bespoke's President is Director of the Board at the Jack Brewer Foundation and Mr Brewer is of course the CEO of the The Brewer Group.
JBI Contact:
Louis Pearce
Corporate Communications & Investor Relations Representative
Bespoke Growth Partners, Inc.
561-381-1829
lp@123bgp.com
0.299 was close for the Monday test-- new pattern for sure was revealed; but it was based on the ridiculous 8K lol.
Combine that with the Money Flow chart already having been pegged at the top of the 3-cycle and we get today's down-cycle start.
Are you up on Reg D too? Found this both a change I did not know about and amusing given the conversation surrounding the SEC case/action:
"... Rule 506 Notice
In this Offering, the Company is relying on the registration exemption safe harbor under Rule 506(b) of the Securities Act of 1933. This is the primary safe harbor relied upon by issuers of securities in private placements in the United States. The Company has relied on Rule 506 in many of its private placements over the past several years and, although other options are available, the Company expects that it will rely on Rule 506 in future private placements. The SEC recently implemented a rule (the “Disqualification Rule”) pursuant to the Dodd-Frank Act to prohibit “bad actors” from relying on the registration exemption safe harbor under Rule 506 in connection with private placements conducted on or after the effective date of the Disqualification Rule (i.e. September 23, 2013). As previously disclosed by the Company in its publicly-filed reports (see the Company’s Form 8-K dated March 21, 2013), a consent judgment was entered against the Company in connection with an SEC enforcement action commenced in 2012 relating to past misstatements in the Company’s financial statements. You are encouraged to review the Company’s SEC filings that discuss this matter. The judgment against the Company would have disqualified the Company from relying on Rule 506 except that the disqualifying conduct occurred before the effective date of the Disqualification Rule. Thus, the Company is not barred from using Rule 506 in this Offering or in future private placements. Nonetheless, the Disqualification Rule requires the Company to inform new investors of the conduct that would have otherwise disqualified the Company from relying on Rule 506 in this Offering if the conduct had occurred on or after the effective date of the new Disqualification Rule. ..."
http://www.sec.gov/Archives/edgar/data/1381105/000121390014001111/f8k021814ex10i_jbi.htm
OSTK [NASD] Overstock.com Inc
Services | Catalog & Mail Order Houses | USA
OSTK [NASD] Overstock.com Inc
Services | Catalog & Mail Order Houses | USA
If that was the author's understanding, then it wasn't misinformation; it was disinformation given the surrounding context
This is misinformation: "... They cannot be sold for at least one year. ..."
What exactly is the misinformation you are referring to?
Thank you for the thorough explanation. I look forward to learning more and keeping up to date with the changes. (Hopefully I can contribute a thing or two too.)
You mentioned entering a position based on a "... trade pattern forming on the chart ..."
I've developed a "Money Flow" setup over the years specifically for OTC securities and was curious as to what indicators/formations you look for. Totally understand if this is an inappropriate topic for discussion on this board.
Excellent trade and a great explanation (I entered that one at the same level but have yet to sell).
Can you talk a little about ex clearing and the DTCC's Obligation Warehouse in the context of "ex clearing" being used by NSS conspiracy theorists as a way to bypass documentation?
This is an excellent read BigBake1-- it should be a "global" sticky lol
Thank you very much
MAA [NYSE] Mid-America Apartment Communities Inc
Financial | REIT - Residential | USA
Inverse Pincher (anticipating a retrace off of a run-up) Uses:
Trending: Inverse PPO (15,5,7) and ADX (5 or 7) for the Pincher
Momentum: Full STO (14,3) for drop thru Power Zone; MACD (Inverted Pairing 5,15,5/15,5,5) for trend break; TRIX for 3,3/7,3 Cross-under and thru signal line; Aroon (5) for Red/Green Crossover
Money/Volume: CMF 3/14 Cross-under and thru signal line; ChiOsc (Inverted Pairing: 3,10/10,3) for Red/Green Crossover (Money Flow Out)
New Signal= VTX 7 plotted againt MACD pairing
tgt $64.50
MAA [NYSE] Mid-America Apartment Communities Inc
Financial | REIT - Residential | USA
Inverse Pincher (anticipating a retrace off of a run-up) Uses:
Trending: Inverse PPO (15,5,7) and ADX (5 or 7) for the Pincher
Momentum: Full STO (14,3) for drop thru Power Zone; MACD (Inverted Pairing 5,15,5/15,5,5) for trend break; TRIX for 3,3/7,3 Cross-under and thru signal line; Aroon (5) for Red/Green Crossover
Money/Volume: CMF 3/14 Cross-under and thru signal line; ChiOsc (Inverted Pairing: 3,10/10,3) for Red/Green Crossover (Money Flow Out)
New Signal= VTX 7 plotted againt MACD pairing
tgt $64.50
No I haven't. And FTR I do know of a May, 2013 citation and fine issued by the DEQ. And FTR I do know that as of December, 2013 there are 3 commercial facilities operating Generation 5 processors, including one as a JV with Waste Management (WM). And FTR I have seen the new Generation 6 processor, which is reportedly continuous feed and self-cleaning.