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It doesn't look like you answered his question there at the end...
I'm not 100% sure if that qualifies or not, but the 2nd column doesn't have a minimum operating history and JBII qualifies there. Correct?
When a company that has not lied or misled anyone ONE TIME I think getting an answer such as this is a reasonable idea. If you were seriously interested in the truth you would check all sources.
With your reasoning though this market also exists to buy shares. I think someone will buy those 3.5 million shares as the seller slowly sells them so as not to absolutely ruin his return value. Selling slowly over a few months and keeping the price high only benefits him and he would be an idiot to do otherwise.
I think someone already mentioned this but this happened back in the $1 range. I think we came out fine from there. When this happens in Sept we'll come out fine then too.
Exactly. Why would you pay someone $5000 if you weren't reasonably sure of your acceptance. To be reasonably sure I think JB would have checked to make sure they meet requirements and confirmed their meeting of the requirements with nasdaq before shelling out the money.
So call the company. They'll be able to give you a better response than we can.
And if you don't believe what they say then there really is no hope so you should probably stop asking.
I would request of you the same thing I did of SteveF:
Have the integrity to call the company IF YOU ACTUALLY WANT AN ANSWER. We've done what we can...provided you with words from the CEO....provided you with SEC rules and our opinions of the situation.
You seem to be unsatisfied....so do some DD and call the company. They are nice people. Check the iBox for their contact info or go to www.jbiglobal.com
As aggravating as this endless circle of answers and denials might be it is having one positive effect:
We continue to be #1 on the Most Active List which happens to be on the home page of this here site. A little more exposure never hurt anyone.
Well that just happens to be a matter of opinion and since it is unverifiable in any way/shape/form/fashion we'll just have to agree to disagree.
Though I am at least willing to say that your option is possible (though the shares aren't available to sell till September). In the spirit of integrity are you at least willing to say that they might choose not to sell?
If not then why keep posting here?
Have you called the company to ask them about the shares?
Until you are willing to do that I don't think you actually care but are just trying to argue.
Techisbest provided it earlier today and then about 10 minutes ago Rawnoc reposted it. Check the boards.
Even if someone has them and they can be traded that would Domark that could trade them.
If they need cash do you really think they'll dump all at this level when the processor being validated + uplisting will vault this to double digits?
At best they sell some now and hold and sell on the way up. That seems rather healthy to me actually. And as these shares will not be increasing the overall number of shares there IS NO DILUTION.
- unless I'm wrong on the dilution part, which is possible. anyone have the answer on that?
I guess only time will tell.
Though since JB said those shares have a 1 year wait period I am inclined to believe him.
Again though as my average is about $1.5 I don't really care about any of this until April comes around and you can watch a processor dumping oil into barrels...out of plastic! From there we start having revenues that show profitability...and I can't wait for some of the naysayers to bite their tongues off when the first P2O ship heads to see helmed by Capt. Mike.
I'd be surprised if we drop below $5 again.
P.S. how do those shares constitute dilution when they already existed as common shares that were authorized and issued? Seems like they are already part of the OS, is that not right?
I wonder when any more news will come about the joint venture. It'd be nice to hear something.
The other day I saw a buy of about $4 go through. Fun times.
Again I don't have a background in accounting rules/regulations nor have I researched it so I'll have to admit that you could be right. I have no way of knowing.
What makes sense to me is what I've said...if the media companies say they are worth $10M are they not worth $10M? Also I'm sure JBI will write down or do whatever is necessary to be in full compliance with accounting rules. Of this I have NO Doubt.
Also be sure to notice what EP stated - JB also gave over 3.5 million shares (at the time worth $1 a piece - now much more) during the deal so they paid more than just $1M for those credits.
Back to 6.40 on almost 140k volume.
That's some crazy dumping!
You're right. My bad.
I think this probably makes the 30th time in the last month and a half you've had to post the requirements though.
If you don't think they have a plan for those credits then you haven't listened to anything JB has said in the last few months. And if you listened then you obviously didn't believe him.
If you don't believe him, when he's executed everything he said he would, then I really can't help you out there.
As far as Tom goes I don't care one iota about the man. The credits aren't his anymore. The only people that matter are the media companies that will be accepting the credits. If you really wanted to prove your point why don't you start calling media companies and ask them if they accept media credits and the conditions/rules by which they accept them.
It's what is called Due Diligence.
How many times do you have to post those requirements before everyone knows them? Shoot by now I'm probably muttering them in my sleep.
Come on naysayers, at least look up the requirements before saying they aren't met! You must feel silly every time Raw proves that we meet the req's.
Down 2.5% on "dumping".....crazy. Looks more like some flippers have been flipping.
I guess we'll just keep waiting on this wicked drop you are predicting. Do us a favor though and you just wait yourself until the meeting in April when the machine will be on display, functioning, for all to see.
Thanks.
Why would you say it is "creative accounting" to list $10M in media credits when the media that will be accepting said credits values them as such?
You should come over to Peru...we could have our own South America meeting.
Bound to be someone else out here from SA.
I would think you put down whatever price the market would value the site at. Whether that is $1 or $2M. Do do otherwise would be inappropriate accounting of assets. Assets have their value not necessarily based upon what you paid for them but a multitude of other factors.
None of which I'm very qualified to comment on.
Would you not agree that as long as those media companies that will be accepting the credits values them at $10M then it doesn't matter what you or I think about their manner of acquisition?
I have a feeling a Nasdaq auditor doesn't care at all what we paid for them, just what they are worth.
That would be great if it came out tomorrow. I'm quite interested to see if they realized any, even a tiny amount, of income from P2O. If not then I would bet half my shares that we see some on the next report.
Either way fun days ahead.
why would they not add them on top of their current offering? There are probably hundreds of people per hour that choose not to buy their popcorn because of the price that would pay 1, 2, or 3 dollars for the slightly smaller amount of Pop'n'Go popcorn.
Seems like a possibility worth testing somewhere.
That's not a bad idea. Plus they would get the income from all of those people (like me) who wouldn't spend $10 on popcorn to save their life....ok maybe I would but you get the point.
Lots of money to be made there and pretty much everywhere that people are looking for a snack.
Hm...I'll look into this later.
I agree with you. This stock is undervalued. Only a matter of time till we are in the pennies...the more the better!
Problem is most theaters don't let you take in food from other locations. Granted they don't usually search your person but I dare you to hide that big cup in your pocket.......
Isn't it just the N9000 model that has the option for remote monitoring?
I'm sure the board would appreciate it if you passed along the answer you receive. It's always nice to have a few more verifiable facts to hand to people.
There's no real way to be sure is there? Unless they were to provide their name and info on the property. I think once the deal closes JB could confirm that.
Doubt that will happen though. I'm content waiting the 30 days for the company to release the info.
I'm sure if you emailed IR or called the company they'd be happy to verify anything they are allowed to verify.
Contact info in the iBox.
No worries Stu. I remember thinking about that when I heard that part of the call yesterday and just forgot to post about it. Seeing you write that in your summary reminded me.
It seemed to me he was listing off entities that were generating income...and he listed P2O in there. I could be wrong though.
Seriously. Can you imagine them going and not mentioning to anyone their P2O process? More business for tape reading is always good but getting P2O into some of the right places there would be huge.
Stu - thanks a lot for this summary! I want to read it all but I had to say this first:
operating entities:
. tape & data migration
. Pak-It
. Javaco
. P2O
Fair enough....but almost everyone would welcome a chance to turn $1000 into $2000.
I would probably as well...I think the biggest problem with the large theatre chains is the profit margins they enjoy on concessions. Would they really switch to Pop'n'Go when they can make $5 (random number) on each bucket of pop corn?
Then again if someone runs the numbers and it comes out in favor of Pop'n'Go I bet they would switch in a minute.
And the process of refining won't take much time/money I wouldn't think because our fuel comes out so clean that it can immediately be used in diesel engines.
I am of the opinion that life must be very miserable for anyone who still views JBII as a possible scam versus a speculative start-up growth company with the risks associated with any small cap growth company!
I can't believe I hadn't though of that before. Think about all of the little dollar theatres still existing in America trying to stay afloat. Now imagine that they stopped using their old popcorn machines (which probably cost more to upkeep and keep stocked than Pop'n'Go's machine) and put 5-10 of these machines in their theatre. People might have to wait a few more minutes but in my experience those dollar theatres use the worst popcorn of all so this would be a huge upgrade. And it would save the theatre money.
For the huge theatres that have hundreds of people queuing for a show I think the time issue still exists. Maybe there would be a way to set up a lot of machines in a back room and just have them constantly going...but I think the big theatres like the huge profits they take in from concessions.