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I love it! Nice PR baby! This is not fluff and I'd like t point out to all the technically adept chartists out there one simple observation:
1) MJNA is staged to punch out the top because it is right under the former levels it needs to break, and its got a series of 4 days where the tails of the candles are, each one, higher lows.
Each day you see that it is less able than the day before to descend lower at all....
....and the net net of a progressive climb with each day having higher lows is going to be good.
Taken together with the fact that this PR contains stellar news...
You betcha baby!! I like the chance we will see a takeout of former resistance levels.
I like this news and I like the chart.
Imperial Whazoo
They are not dumping. They are not selling. These insiders are accumulating.
If they sell any shares, they have to file Form 4's.
Any Form 4's filed?
Didn't think so.
I do not think there will be Form 4's this summer, people.
These insiders are doing everything they can to gather in a great reserve of shares and they most definitely are not selling shares.
No Form 4's..... not now or in the coming summer months.
They are accumulating, people. ACCUMULATING bigtime.
See folks, if you planned to sell a company and that company had not generated payments for salaries, when a takeover took place, the buyer would pay the dollar amount owed on the books for those salary obligations.
If they owed you 500K, then you would get 500K.
When do we get the info you are looking for.... When do you think, anyway?
And... when you put an expectation date on it, could you weigh in as to why you affix that particular dat to it?
TIA.
Imperial Whazoo
Usually, its buy the rumor, sell the news. So if there is inproved rev news on Thursday week then it follows that the run up should be prior to it. We'll see.
Imperial Whazoo
That jives pretty well with what I originally expected when I bought. I got a general heads up, put my chip down, and then sat around waiting.
Yo say the rest of folks will slather and so forth after 4/23.
Why 4/23? Why then?
Imperial Whazoo
I've become confused. What exactly are we waiting on and when is it expected?
TIA
Imperial Whazoo
Man, oryx -
I like the terms. We get the baseline funding to get the drilling results that are needed. And the terms aren't bad at all.
We get to get to doing it immediately, with the whole summer ahead of us.
We don't have to pay thru the nose to do it.
And all this hand wringing over over dilution is, as you point out, poorly thought out, because it will be a fact that, once drilling shows good results, the issuance of shares will be at much higher share prices, and that will obviously mean that it is not particularly dilutive.
Hey, oryx......
I've a novel idea: how about a situation where some outfit puts money into a risk environment (like our precious little junior ming company here, SFMI) and it doesn't cost the company or the shareholders anything negative.
How about such a deal as that?
Ya think, in any parallel universe, that any deal that costs SFMI NOTHING is ever going to come? Could there actually ever be a deal without a single downside to it?
Obviously, any deal is going to involve costs to the borrower.....
Ya think, LOL???
No deal in any parallel universe anywhere is ever going to be good enough to keep it from being immediately ridiculed, oryx.
After all, you see, its a business deal where both parties seek the get gain. So, in that we are the borrower and they are lenders, it kinda follows that its likely to cost us.
Ya think, LOL???
Hey, listen up everybody: I plan to be a penny stock company owner at some point in the future and I want the details of this mythical perfect deal so I can print it out....
....chapter and verse....
for my later use when I do my eventual deals. OK?
Just post it's magnificent details on this blog and I'll cut'n'paste it and file it away for future use.
OK?
Jus saying, in that some seem to think the mythical perfect deal actually exists.
In the mean time.... our deal in a nutshell:
A.) we get money so we get to drill holes. Money that does not involve selling our present (or our future) to finance the future (or the present, LOL).
Good. I like that.
B.) SFMI would have obviously likes to pay it all back in shares, but the lender wouldn't take that deal. He wants all cash. Well, this deal has a 50/50 mix that compromises to satisfy both parties.
By rule, some cash. By rule, some shares. I like that, too.
C.) Payment terms put considerable time, during which we get to drill, between loan point and start of repayment. thus, we get to show that there is gold in them thar hills and get to pay back the loan once initial drilling has had its chance to bear fruity.
SFMI is obviously taking a risk here because its is gambling on good drill results generating results that increase share price prior to issuance of shares. SFMI is obviously gambling on there being gold in the drill holes.
I like that.
I got a question for everyone (especially the knee-JERK reactors who instantly diss all things SFMI): Do people REALLY think the drill results will fail to show gold and/or silver galore?
Really?
REALLY?
Un huh... sure the drill holes will come up blank. right... (wink, wink). Sure thing..... of course they will.
:o)
D.) The shares are 80% priced. What do people expect? shares at zero discount? Really?
Obviously, the recipient could dump them immediately, for a 20% gain.
It is what it is. Show me a deal where shares are not discounted.
I'm waiting, LOL.
Thats it in a thumbnail, folks.
We get immediate influx to use to begin drilling. We get to generate results prior to being required to pay it back. WE gamble results will offset the costs. The loan is made by someone expecting to make money too, you know, so obviously they expect the drill holes will show well. Ya think? LOL
OK... so how will it turn out?
Scenario 1:
SFMI is the scam it was always said to be. The loan is a shaft job where the Quilliams rob these folks and us, too, and abscond to places unknown where they hide out; rich, happy, and unthreatened by any authorities who can bust their butts over being big time fraudsters. They have this mystical ability, you see, and they could use it any time and anywhere, but instead, they have chosen to descend from Mount Olympus and, while living on planet Earth, steal from and rob the people of the planet.... just for chuckles, I suppose.
Scenario 2:
The drilling generates excellent results. The results get reported. The value of the company goes up. Share prices rise, again and again, on the fine drilling results. The loan is quickly a money maker for the outfit that loaned us the money.
They have rights to first refusal and excercise their rights, loaning us more money, which generates even more excellent results.
And so on and so on,
....and SFMI sells out for fat dollars, making the Quilliams fabulously wealthy, making the outfit loaning the money fabulously wealthy, and making a lot of people who accumulated shares in the company (like MOI) extremely wealthy as well.
I'd like to say that it will be happy ever after for everyone, but alas, as is always the case, some people will never be on board and they will miss out.
Actually... that just leaves more for me, LOL
:o)
My prediction:
The drilling will generate excellent results, rather quickly. The share price will go up, making it a fact that the griped about dilution never outpaces the upside move in share price over the summer.
We will all live happily ever after (well, almost all)
Imperial Whazoo
So, the bureaucrats want their pound of flesh, even though, as a strict matter of numbers, JBII is not in danger of exceeding the existing limits, limits described by a measurement of daily, quarterly, and yearly levels?
Correct?
Imperial Whazoo
Say... guess what I just heard on internet radio?
The talking head read the headline that the American Red Cross has weighed in and stated they favor the legalization on medical marijuana.
Imperial Whazoo
Well, I guess I concluded wrongly then. I despise bureaucrats, LOL.
Thanks for the correction.
My bad.
Imperial Whazoo
Additionally, there is a pennant setting up, favorably.
Draw a horizontal line along the low candle wicks after the big ass candle days of the SEC reaction. Also, draw a descending line along the tops of the wicks of the intermediate highs that were what happened since then.
You get a perfect pennant forming to a breakout point soon to come that jives quite well with your observed tightening of the Bollingers.
And also... look at the volume on the decline side of the SEC reaction and compare the greater level of opportunistic buying off of that spike-down-day.
2.5 million buying.
2.5 million volume occurred buying, which was a direct response to the 930K down candle.
The downside candle was huge in size, but the volume that happened to generate the spike candle to the down side was smaller than the rush to buy at bargain prices.
2.5 million up vs 930K down?
Not a clearer statement of actaul market interest, if you ask me.
Not even close when trying to decide whether, at these levels, this is a buy or a sell, based one the interest the volume depicts.
And the pennant that has happened.....
....And Bollinger bands tightening....
Hmmmmm....
What could that portend?
:o)
Imperial Whazoo
Well, well, well, well well... !!!
Isn't that an interesting point that you are making here!
When you told me that the Solid Waste Permit was to license onsite stockpiled plastic PRIOR to processing, you straightened me out, and I appreciate it.
See, Z, I had it backwards. I knew that the output waste is carbon black and that JBII can either sell it or dispose of it.
I also knew that, by weight, the volume of this carbon black was insignificant.
So I wondered aloud to you about why they needed a New Solid Waste Permit to cover a new level of carbon black, when the carbon black level is not anywhere near violative levels.
Time is the enemy. I doubt you are incapable; its got to be that, being human, you have only "X" amount of time to commit to overachieving.
I could gripe that I've spent too much time in technology, but it too comes at the expense of other things I neglected and which, due to the constraints of time, can not attain for the foreseeable future.
It is what it is.
So, as to MJNA...
Just cut to the chase. Start at (or near) the end of the food chain of events and work backwards to the former things.
What are the immediate antiipated upcomings?
As of now, what are we actively, short term anticipating?
TIA
Imperial Whazoo
BTW.... I love the word "gizmo" Just rolls off your tongue like it somehow fits.
Bingo.
"Although a trade secret exemption exists, the general public, as well as business competitors may use the provisions set forth in the FOIA to compel trade secret disclosure"
Go back to the filing and observe the wording and see if it is general, or specific to RKT, as regards FOIA disclosure?
Point made.
Imperial Whazoo
Thanks. That is the apparent specific filing issue, but I think there is more to it. I thinks so and I stand convinced of the battle that is going on to try to steal the secrets and to use lawsuits as a weapon.
BTW, in that I doubt certain parties would ever volunteer to support JBII, LOL, I like that link having been posted by you. I wanted to shake the tree. I love how a good conspiracy theory shakes things up, don't you?
And anyway, I remain convinced that there is a conspiracy to try to ruin JBII and that a key piece of it is to try to steal the secrets.
And that indirection via lawsuits is the key piece of the current aggression.
You'd be amazed who calls when the tree gets a heavy conspiracy theory shake that has some warp and woof to it!!
Peace baby.
Imperial Whazoo
You have no basis for saying I said they are filing secrets with the SEC. IMHO, to derive your theory, you have to overtly ignore this clear statement
The idea is to get an officail position regarding protected secrets. That way, even if it were to ever arise, it is OFFICALLY PROTECTED.
Say... why don't you try to sue Coke over something and see if you can ever get their secret formula out of them, in court or in deposition or via any other vector.
Hope this helps.
:o)
Imperial Whazoo
So sell them. I'll buy them
Is anyone buying that logic, which appaerntly posits that JBII has made their filing for secrecy protection disingenuously?
Really?
REALLY???
ROTFLMAO.
And further, the question should be: "Do you really think the SEC will be so stupid as to deny JBII their request, made the day after the court reply JBII pulled off effectively checkmated the SEC & ended any prospect the lawsuit would come out in the SEC's favor?"
:o)
Imperial Whazoo
And let me point out, also, that nobody but you is alleging that the SEC is going to be (or has been) the recipient of the secrets. What the filing is is an attempt to get the official and approved right to NOT reveal the secrets, in filings that should otherwise contain them. Or in depositions.
Or both.
Well, my daddy always told me to try to use my head for something other than a hat rack, LOL.
I spent 57 years in and around a professional consulting firm specializing in high end neotiations, as their speciality. You kind of had to get a grip on the cunning approaches often at work that were layers deep and full of vomit.
There has long been something afoot here. IMHO.
There is obvious progress being made. Plants going in. Building getting financed and built. TV shows repeatedly happening showing an exuding of confidence that is either the best theatre on Earth, or the real deal.
You have to remember that it is a tremendous threat to entrenched parties, who finance lobbyists as a matter of course. Oil n gag (pun intended, LOL). Offshore money to finance political junkets. Commerce of multiple angles interested in this technology getting disappeared.
If this nation can devise a way to employ plastic usefully, and given the massive quantity and the relative costlessness of the machines, it follows that there will be lobbying money spent to effect a desired outcome in a big-player way that leaves as little paper trail as can be done.
Working thru multiple layers of lawsuit threats is a very efficient indirect approach. The players get to hide behind officially empowered entities.
First we had employment suits that failed.
Next we have bankruptcy suits that drag on and on, but that are not working to the end of permitting deposition of the desired secrets.
So next we get a player with a huge legal footprint and with all the fiat money in the world behind it.
Most often, one or the other of these craters the deal and somebody steps in and buys it all out and VOILA!!!..... the technology mysteriously gets disappeared in the patent vaults of whoever got the thing in eventual hand.
And the world goes on controlled and polluted and the existing powers that be have another victory.
Maybe.... just maybe, it will turn out differently this time.
Cheers.
Imperial Whazoo
Oh and notice how price has gotten on the move again?
:o)
Thanks man. You just have to keep your eye on the ball.
The value is in the secrets. The original decisions to the several nefarious and invalid lawsuits was in favor of JBII. Dead lawsuits.
Then, right on that set of defeated suits comes the SEC threat.
JBII took the intelligent step of hiring a big dog former Boston-SEC-office lawyer, who knows the ins and outs. They take their time.
We all wring our hands and endure.
Then JBII reaches the court, answers effectively, and IMMEDIATELY files to formally protect its secrets, using the official capacity and authority and power of the SEC itself to effect an end to these several attacks via lawsuit, that have threatened the precious secret.
This set of events is not to be overlooked.
Look for freedom to now begin to manifest itself. I expect to be seeing news galore filling us all in on things they have on the back PR-burner.
They may have more chess moves to make, and it may be a while before the snipers get toasted and roasted, but the end of this spate of "attack JBII via lawsuits" is in sight and I bet money (I just added shares bigtime) that RKT will now come back into focus.
Thats my guess as of this time.
Peace (and hilariousness of joy at all of these fine events, LOL)
Imperial Whazoo
Raw, The real goal was not the disgourgement of financial from JB.
The real goal of the SEC lawsuit was that the former lawsuit attempts to get depositions had been defeated. The Boston SEC filing of their suit, ignoring the existing stance regarding media credits by the Florida SEC office, was an attempt to try to use the deposition vector to force exposure of the secrets that JBII has now filed with the same party (the SEC) to requre them to grant secrecy regarding.
The real goal was the disgourgement, due to deposition, of the precious secrets. Thats my opinion of the whole of it.
With JBII's answer in court (bringing the court in as an impartial party) and the filing today regarding secrecy of trade secrets from inclusion in 8-Ks, the threat of secrets disgorgement is dead in its tracks.
Very elegantly played, I'd say.
Checkmate.
Imperial Whazoo
All along the road to success at JBII, we face snipers hiding in dangerous vantage points;
Man You are especially industrious. You deserve accolades. All I can do is say so, so I am, but saying it matters.
I just wanted to get pointed to the immediate expectations, LOL.
Imperial Whazoo
Your reference is not something I recall coming across in my DD thusfar. Perhaps I just screwed up and missed it. Could you elaborate on the root of this hope? I need to look into itif its based on something.
Thanx
Imperial Whazoo
I added substantially this week. But I'm confused as regards the promises of "soon" announcements.
Would you be so kind as to summarize, since you are the most on top of things here...
...would you mind laying down a review of what and when...
what is promised as of today and when we should be concerned if it fails to show up?
TIA
Imperial Whazoo
How about a libel suit over illicit press involvement by the sister of the SEC guy in Boston, in criminal and illegal collaboration with her brother? Remember that particular little detail folks?
Hmmm.....
Imperial Whazoo
That and the fact that the version you are pointing the error out about is fiction.
Come on jury trial!!
Hey... speaking of fiction.... I'm going to gin up a screenplay over the weekend and try to pin this down as a made-for-cable crime movie property so I can become double wealthy out of having held onto my hope!!
:o)
Imperial Whazoo
I was looking to relax this 3 day weekend with a good fiction read.
I just read it. Saves me a lot of time.
:o)
Imperial Whazoo
Well Duh...
See, here's how it works.
Party "A" buys it and then OFFICIALLY gets the AUTHORITIES to weigh in on whether it can be valued that way.
So the AUTHORITY says "Yeah.... thats OK to do."
So, having bought it from party "A", party "B" is entitled to value it the way the AUTHORITY told party "A" was OK.
See how easy and fair that is?
:o)
Imperial Whazoo
With both hands.
I think its a tremendous stiff arm by both these guys and IMHO, it deserves our approval, not our criticism.
I considered bailing today but ultimately decided to hold and now that I've seen the very interesting details spotlighted here thusfar this afternoon, I think that I gambled correctly. No wonder JB took the stance from the outset that there was nothing he needed to defend.
I love to point this out, so I'll do it again: JBII is faced by instanciated and entrenched powers that will do anything.
IMHO, when we see something like the several civil suits and this SEC suit, it looks to me like deep pocketed and powerful hidden interests are cunningly coniving to use the "SYSTEM" itself as the vector for their take-down attempts. Thats how it looks to me, anyway.
IMHO....
"EVERYMAN" wants to see a technological solution to the terrible demon of plastic refuse.
"EVERYMAN" dreams of being less under the thumb of foreign interests who enslave us to high oil prices, and who drag us into wars over controlling the foreign oil.
I firmly believe that the news that JBII actually can turn plastic into fuel at an affordable price will be joyfully welcomed by "EVERYMAN".
Thats why JB demanded a jury trial, and well he should.
I am very pleased I did not get spooked. The interests who will do anything to torpedoe this technology, even tossing people into the jailhouse and soaking up vast amounts of their time & money, would have been successful at doing something akin to a criminal act, IMHO, had they succeeded in spooking me out of my shares today.
I'm glad I held onto my hope that this little company would turn into one of the best investments I've ever made, if not the very best by far. Nice news this afternoon, people.
Nice news for "EVERYMAN".
IMHO, that is.
Imperial Whazoo
So, basically, you say to call and ask them? I'm not even sure what to ask if I do that, of course, so its kind of unlikely of me to do it without some kind of heading or nav chart laid out for me to go by.
If you want to wait till after market tomorrow, (I realize the market is closed, but the free happy hour around here on Fridays should still kick in after the non-trading day, LOL), then you could PM me, or I you.
Keep me in mind for that if you feel friendly and find it in your spirit to PM me then. I'd appreciate it.
In the mean time.... call, you say, right? If I'm not even sure of what to ask??? I'm a tad unclear on what to ask about if I do that.
Thanx anyway, and hope you PM me during happy hour tomorrow.
Imperial Whazoo
I was rereading old posts to figure out if this was the case at the very moment you posted.
So, would you mind just shortcutting my bad recollection and telling the board what news you expect, why you expect it, and so forth?
TIA
Good timing for you to post this opinion because I happened to be looking into it right then.
Thanx
Imperial Whazoo
Yep. Big buyers stepped across the book to buy the ask, the net effect of which was to drive the ask up.
And the HOD is not the target price of shelf ice.
Put it up in a 60 minute periodicity and there is a doji on 4/3. The high of the high side wick is .1733. Thats shelf ice for tomorrow.
.1733
My guess is that CBIS endured a deliberate test to see if the momo was willing to yield. Took it down to .1605 at 15:36, but there was no muscle behing the walk down and it bobbed back up immediately.
When you see a move like the one that began around 15:27, and which has a high volume 1 minute bar in it almost immediately upon the start of the take down, I always perk up and watch to see if they have a price in mind.
I think they intended to take a stab at spooking people and they wanted to challenge .16 with 20 minutes to go so thaat they had time to walk it either down or up, depending on the reaction they got to the move.
The reaction was a refusal to let it go down, so you saw them pile back in after the time to decide on what to do had all but elapsed. The time you could see the capitualtion, where the take down guys switched back to accumulation for more price appreciation tomorrow was the 1 million volume buying you spotted at about 15:56
So they stepped in "en-masse" in time to be ready to take advantage of what they proly now see will happen tomorrow.
And another thing.... the .1733 top of the 60 minute doji on 4/3 was a long legged doji.
Take a look at a 60 min chart and look back to 3/20. That, my friend, is a long legged hammer. Very obvious.
There is a theory that says that, after a "bookmark" event like that 3/20 long legged hammer, you can treata long legged doji, like the one at 4/3, as the mid-point of a symetrical move.
If that .1733 is the midpoint high, and the tail on the hammer being .05 (from 3/20), then a symetrical move takes us above .28
Not calling it that way. Just making an observation or two.
:o)
Imperial Whazoo
The players who systematically work the bid and ask to manage the behaviour of the chart.....
These folks just attempted to break it down. They failed.
Watch the volume behaviour with attention on the way they walk the bid and ask around. There simply was too much genuine interest to let them walk the bid down below .16 a few minutes ago. People from who knows where stepped into it and bid what they wanted rather than letting a few key MMs thwart the ordinary investor by undermining things.
So it came back up and is holding here at .1632/.1648
To be honest, its a cool prep step if it stages here, just below the HOD because that acts like a spring to "boing" up thru the top end of the range. Like compressing a spring.
Imperial Whazoo
Thanx for your insight, man.
8:19 AM 04/04/12 - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74035330 A prediction, as follows:
What needs to be said about Friday being the likely 10K day is that Friday, this Friday that is, is a holiday. Good Friday, the market & the federal agencies are closed.
So.... I'd say its not going to be this Friday.
Imperial Whazoo
They are buying into a European company with a smokeless product of some kind ane with patents and a patent team and a research team in place.
Well, well well well.....
What "in April" actually plays out as, in timeline that is, remains to be seen. Typically, these kinds of things seem to always run smack dab up against the final days of a deal deadline, so I'm guessing the lattter 5 days of April. But we'll see.
And as regards the call of it being the case that we will not see anything PRed for a couple of weeks......Well, you could not have had worse timing and you could not have called it more incorrectly, LOL. You still think the next PR is going to be in 2 weeks?
ROTFLMAO
Imperial Whzoo
I suspect that, if I were their auditor, there is ZERO chance I'd ever let some future event make me out to be remiss in any way, form, fashion, or manner, so it is anything but a surprise that I'd be covering my own corparate, reputational ass by anything I write in my official capacity regarding JBII.
This does not, buy any means, mean I like JBII having it found that they lack necessary internal controls. IMHO, it should not even come close to surprising shareholders that JBII got scolded by their auditor.
The auditor did precisely what I'd have done to be certain nothing, down the road, comes back to bite them in the ass.
Some might hope that JB would get it sunk into his cranium that he has to out-perform on the squeaky-clean side of things for a long time yet to come, but that does not mean that those who dislike JBII are entitled to tee-off on the company as though JBII failed the auditors overall examinations.
The auditor had a specific failure point they made sure they made clear, but they gave the financials their approval.
Imperial Whazoo
Well said and very true. They "passed" but not because they have controls that are the ones they need to have.
But the knee-JERK smearing of it as though its a disaster is just untrue.
JB should do double back flips and triple actions to over-compensate for his present legal woes, and he inmprudently failed to do so, IMHO, but as to the over-emphasis on the "cover-our-ass" disapproval of the internal control, that was overdone, IMHO.
Imperial Whazoo