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No broker will [or has]the shares to loan me to short it.
It would be a great help to me if you would tell me the broker you use to short Jbii. I will open an account and short it.
Can't get shares to short in US. What broker are you using to short? Thanks.
John got a $110,000 fine. Cheaper than ligation for years on end. This is the MO for the SEC.
He is still there. He is making more money.
Who cares about Pakit and Javaco at this juncture? But FYI they were sold off because they no longer fit JBI.
Getting job done remains to be seen. How about sub penny to over $7.00?
She did her job and got SHIT CANNED! Some one didn't think she did her job.
"SHE GOT THE JOB DONE?" WHO'S TO SAY JOHN WON'T GET THE JOB DONE. OF COURSE, SHE GOT "SHIT CANNED" AFTER SHE GOT A PECK PUT ON THE BACK OF THE WRIST OF JOHN. JOHN'S STILL THERE. SHE IS [SHIT CANNED] GONE.
.005 to over $7 to $.48 is the whole story. No crystal ball to see where to from here. But anyway, along the way she was SHIT CANNED!
Sure sounds to me like she was demoted IE SHIT CANNED! At least John didn't have to take a lower paying job like she did.
"TOOK A LOWER PAYING JOB"! Sounds like SHIT CANNED to me!
NAH! JOHN IS NOT LYING. THERE HAVE BEEN SOME MISTAKES AND MISJUDGEMENTS AS TO FORECASTS, ETC BUT NOT LIES. NOT ONE LIE. AND SAYING IT IS A LIE DON'T MAKE IT A LIE. THOSE IN THE KNOW KNOW WHERE THE LIES ARE!
NAH! JOHN HASN'T DEFRAUDED ANYONE. HE MADE ONE MISTAKE IN VALUING THE MEDIA CREDITS AS HE DID. EVERYTHING STEMMED FROM THAT. LYING AMBULANCE CHASING LAWYERS PILED ON HOPING FOR A PAYDAY. THEY AND ALL THE OTHER ACCUSERS GOT ZILCH. JOHN HAS LANDED ON HIS FEET AND IS MOVING JBII FORWARD.
CHANGING THE SUBJECT TO THE TRUTH CAN ONLY HELP.
EVERYONE, AND I MEAN EVERYONE KNOWS THAT IF YOU CAN'T MAKE IT ON YOUR OWN, YOU GO FOR THE GOVERNMENT JOB ON A GUARANTEED SALARY.
IT REMAINS TO BE SEEN HOW MANY SHARES WILL HAVE TO BE SOLD AND AT WHAT PRICE.
JOHN HAS BEEN CALLED A LIAR OVER AND OVER, UNJUSTLY. DOES THAT ATTRACT INVESTORS?
NAH! THAT AIN'T SO. WHERE IS HE NOW?
ALL OF THIS WAS SETTLED WITH A TAP ON THE WRIST AND TOLD DON'T DO IT ANYMORE.
ANYWAY, WHERE IS JOHN NOW?
I VISUALIZE SHIT CANNED AS GONE. GONE! AS IN "NOT THERE ANYMORE"
WHERE IS HE?
KIND OF SHOOTS "SHIT CANNED" DOWN, I'M THINKING.
LINKS PLEASE.
JUST BECAUSE SOMETHING IS POSTED DOESN'T MAKE IT SO.
THE SEC GAVE A TAP ON THE WRIST. THE JUDGE ACCEPTED THE SETTLEMENT. AUDIT "GOING CONCERN" IS ROUTINE FOR MANY COMPANIES. NO FACTUAL INFORMATION ON "PROCESSION OF ACCOUNTANT FIRMS PASSING" THAT WAS JUST MADE UP TO MAKE SOUND WORSE THAN ACTUALLY IS.
THE MISTAKE JOHN MADE WAS IN PLACING A VALUE ON THE MEDIA CREDITS. THAT WAS A MISTAKE.
IT IS SILLY TO DRAW OTHER CONCLUSIONS. JUST PLAIN SILLY.
TOO MUCH HERE FOR IT TO BE A SCAM. GOVT AGENCIES INVOLVED. STACK TESTS RUN. OVER 60 EMPLOYEES[WHAT ARE THEY DOING?]. FUEL DELIVERED TO SATISFIED CUSTOMERS. NAH! NO FRAUD.
NAH! ONLY MISTAKE JOHN MADE WAS IN VALUING THE MEDIA CREDITS. CHECK IT OUT.
ALL ELSE STEMMED FROM THAT. JOHN HAS TRIED TO RUN JBII RIGHT AND HAS DONE SO SINCE THAT MISTAKE.
Hire date is not appointment date.
Again do you know what happened to him as he is no longer with JBII?
Don't try to confuse the situation in the discussion of JBII with the facts.
Colin was hired long before the blending site was purchased. He was hired from a major oil company with great credentials in the oil industry.
BTW, do you know what happened to him and where he is now?
NAH!, That's not the definition of Cash Flow Positive. CFP is when income from sales exceeds cash outflow. Depreciation, etc is not counted. IOW, the bleeding stops. There's enough cash coming in to meet cash going out.
UP 72% from LOY!!!
Repeat on JBI and John.
The blending plant was bought on the open market. Actually, very little was paid for it. I will get that figure. No relatives were involved.
The IQ is no rumor.
The original cost figures did not pan out.
John actually put millions of shares back into the company. 32,000,000 shares, I think.
There may be 2500 processors in the future.
John has taken a modest salary and at times zero salary.
He will become wealthy only is the company is successful.
There is a lot of plant and equipment accumulated with the funds spent. Also, at the time on that small scale, low cost per gallon was achieved and profit margins were very high. Things have changed that changed those. Also, John is a big part of the company.
The settlement with the SEC does not say that John committed fraud. Probably would have been more than a tap on the wrist if fraud was committed.
There is no information as to the reason shares of JBII were sold.
In all probability, JBII will need to raise additional funds. At this point how it will be done is not known. A PIPE could possibly be done but it is totally unknown at what price it could be done. Also, between now and then things could happen that could increase the PPS and therefor allow the PIPE to be done at a higher price. That is just unknown at this point.
JBII made a mistake in valuing the media credits. Everything stems from that. That is old information, however. The interest currently is on sales and the progress of #3 processor, not 4 year old stuff.
Interest is focused by investors on what is happening now at JBII. Not years ago happenings at JBII. The sales of fuel currently. The progress of #3 processor, are two current items.
BASICALLY, WE ARE AT A GOOD PLACE NOW WITH JBI. THE INFORMATION FROM 4 YEARS AGO IS MEANINGLESS. WHAT IS HAPPENING NOW IS WHAT IS IMPORTANT.
WE HAVE A PRODUCT. THE PRODUCT IS ACCEPTABILITY AND SELLING AS SOON AS IT IS PRODUCED. THAT MEANS CUSTOMERS ARE SATISFIED.
WE HAVE TWO LOOMING PROBLEMS. 1)HAVING FUNDS TO KEEP OPERATING. 2)HAVING PROCESSORS PROCESSING.
AT THE MOMENT, THERE IS CASH ON HAND AND WORK IS ONGOING ON PROCESSOR #3.
THESE WILL DETERMINE OUR FUTURE. NOT MISSTEPS AND MISTAKES MADE IN THE PAST.
JOHN HAS OVER PROMISED BIG TIME IN THE PAST.
HE WAS MISTAKEN IN VALUING THE MEDIA CREDITS AS HE DID. (NOW IN THE PAST).
JOHN HAS CERTAINLY NOT BEEN THE BEST IN SELECTING AND HIRING STAFF, EVEN THOUGH HE HAS MANY EXCELLENT, LOYAL, HARD WORKING EMPLOYEES. LET'S HOPE HIS SELECTIONS ARE BETTER GOING FORWARD.
SO WHERE ARE WE? AT A CRITICAL POINT FOR SURE.
I'M GOING TO HANG TOUGH AND ADD TO MY POSITION AS, AND IF, THE PPS MOVES UP AS LONG AS FUNDS CAN BE RAISED FOR OPERATIONS, HOPEFULLY CFP, AND PROCESSORS RUN.
THERE'S TOO MUCH PROPERTY. TOO MANY PROCESSORS. TOO MANY CUSTOMERS. TOO MANY SALES. TOO MANY GOVERNMENT AGENCIES. TOO MANY TESTS MADE. TOO MANY INVESTOR VISITS. TOO MANY EMPLOYEES FOR THIS TO BE A SCAM.
IMO.
He was not fined for those reasons. He was not convicted for fraud. Good grief!
That is not the judgement of the SEC. John made a mistake and received a slap on the wrist for it. Nothing more.
The only thing John did was value the media credits the way the selling company had valued them. That was wrong and John was advised not to do it. Everything came from that mistake. That is why he only got a tap on the wrist from the SEC.
Since the overall market is making all time highs daily, my time spent on JBI is a total waste. JBI has no place to go but down while the market goes up and up.
I AM DWELLING ON THE HERE AND NOW. #3 NEEDS TO GET GOING. FUNDS NEED TO BE RAISED. I HAVE NO INTEREST IN REGURGITATED OLD INFORMATION. THERE'S TOO MUCH PROPERTY. TOO MANY PROCESSORS. TOO MANY CUSTOMERS. TOO MANY SALES. TOO MANY GOVERNMENT AGENCIES. TOO MANY TESTS MADE. TOO MANY INVESTOR VISITS. TOO MANY EMPLOYEES FOR THIS TO BE A SCAM. IT HAS TO BE REAL. BUT THERE MUST BE PERFORMANCE COMING. WE SHALL SEE.
BASICALLY, WE ARE AT A GOOD PLACE NOW WITH JBI. THE INFORMATION FROM 4 YEARS AGO IS MEANINGLESS. WHAT IS HAPPENING NOW IS WHAT IS IMPORTANT.
WE HAVE A PRODUCT. THE PRODUCT IS ACCEPTABILITY AND SELLING AS SOON AS IT IS PRODUCED. THAT MEANS CUSTOMERS ARE SATISFIED.
WE HAVE TWO LOOMING PROBLEMS. 1)HAVING FUNDS TO KEEP OPERATING. 2)HAVING PROCESSORS PROCESSING.
AT THE MOMENT, THERE IS CASH ON HAND AND WORK IS ONGOING ON PROCESSOR #3.
THESE WILL DETERMINE OUR FUTURE. NOT MISSTEPS AND MISTAKES MADE IN THE PAST.
JOHN HAS OVER PROMISED BIG TIME IN THE PAST.
HE WAS MISTAKEN IN VALUING THE MEDIA CREDITS AS HE DID. (NOW IN THE PAST).
JOHN HAS CERTAINLY NOT BEEN THE BEST IN SELECTING AND HIRING STAFF, EVEN THOUGH HE HAS MANY EXCELLENT, LOYAL, HARD WORKING EMPLOYEES. LET'S HOPE HIS SELECTIONS ARE BETTER GOING FORWARD.
SO WHERE ARE WE? AT A CRITICAL POINT FOR SURE.
I'M GOING TO HANG TOUGH AND ADD TO MY POSITION AS, AND IF, THE PPS MOVES UP AS LONG AS FUNDS CAN BE RAISED FOR OPERATIONS, HOPEFULLY CFP, AND PROCESSORS RUN.
THERE'S TOO MUCH PROPERTY. TOO MANY PROCESSORS. TOO MANY CUSTOMERS. TOO MANY SALES. TOO MANY GOVERNMENT AGENCIES. TOO MANY TESTS MADE. TOO MANY INVESTOR VISITS. TOO MANY EMPLOYEES FOR THIS TO BE A SCAM.
IMO.
You are exactly correct. If a short goes with you, the max. gain is 100%. If it goes against you, the potential loss is infinity.
If you short a stock at $1 and it goes to 0, you make $1 per share, or you gain 100%. If you short it at $100 and it goes to 0, you make $100 per share, or 100%.
If you short it at $1 and it goes to $1,000,000, you lose $999,999 per share. You figure that!
If you short, your max gain is the price that your shorted it at.
But, repeating myself, the potential loss is infinity.
So there!