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Thanks, Steve. These 3x ETFs trade really funny when they get below $10 a share.
I don't recommend trading them when their prices get that low.
There is an enormous short interest in them, in anticipation of reverse split, and they trade at a discount to FV almost every day.
I don't recall any of them doing a forward split before, do you?
SLV is grinding at support area, in a range
FXI, not sure
Value Line Index keeps reading parabolic
NUGT exit would have been good DUST enrty, but did not have time to watch/trade that
"In service?" Waiting for Korean plastic? That means "in service?"
If John Bordynuik denies he committed stock fraud, the settlement deal is off. The judge hasn't acted yet.
Question: If someone John Bordynuik paid with free shares claims there was no fraud in those "juicy" balance sheets, is that roughly equivalent?
How should a prudent judge react to such a revelation?
Running virgin plastic for three days with a few engineers watching was the only way for JBI to extrapolate all these fluffy claims they have been leaking.
Kind of like reading NASA tapes for 2 days and extrapolating a year's worth of revenues from that.
Let shareholder imaginations run wild.
And The JBI Way is better than how Wall Street operates. With all their analysts and share placements and verifiable numbers and accurate SEC filings and all. Fluffy claims backed up by half truths are a much better way for JBI.
Large shareholders are dumping. Yet this is good for everyone else?
Bizarre logic.
Which fluffy JBI lies are true lies, and which are half truths?
I'm having trouble keeping track.
Why is The Processor in pieces in the JBI boneyard?
Anybody want to call IR and ask about that?
Next Case! Indeed. John Bordynuik is a lawsuit magnet.
How much has JBI spent in legal fees since the inception of the company?
How about $10 million?
If it's more than 10% of total expenses, it's a material amount.
Maybe JBI should provide some clear data on that in their next filings with the SEC.
But that's highly unlikely.
JBI is a Canadian stock scam. John Bordynuik is mining American wallets with his pinksheets stock sale scam.
Save the whales!
" We are limiting junk going into the processor so that it needs fewer cleanout cycles. We will be receiving plastic and I have received bails from several sources and it is plastic without junk."
John Bordynuik
CEO
One "processor" needed to be junked because of contamination. It's in pieces in the JBI junkyard with all the Islechem and Bioconvergance junk that was used in the previous stock scam operated at the JBI site.
out 5.68
early probably
JBI shareholders are dumping REAL shares.
Imagine that.
NUGT just 1k
all these conflicting signals, lol
NUGT is POS since it got below 10
but i may try anyway
Rauber doesn't care about shareholders.
Otherwise, the company would be releasing fluffy news to help pump up the stock, rather than issuing lousy guidance that killed the recent rally -- news that JBI isn't going to meet the targets he said they were going to meet, like he did just this month.
This tells shareholders all they need to know about Rauber.
Just ask him.
An "email from John" or "just got off the phone with John" message is overdue on accounting for those free "advisor" and "various party" shares, huh?
The company is never going to disclose who they give shares to like that.
NEVER.
I looked into the tired old "sevices rendered" claim, turns out that that's services related to the business and not stock promotions.
Unlike the SEC, I'm not just HOPEFUL that people won't fall for stock frauds like JBI -- I'm doing my best to be HELPFUL.
JBI is a house of cards built on misrepresentations, half-truths and outright lies. This information is easily available.
The warning signs are all here. Investors should be well aware of the extreme risks they are taking by "investing" in JBI.
I'd never buy JBI stock. The company is a fraud.
John Bordynuik is like a litigation magnet.
How much would you say JBI has spent on attorney fees since the inception of the company?
$5 million?
$8 million?
Any guesses?
It's not covered in any level of detail at all in the company's SEC filings.
Isn't this a lot of cash for a struggling start up company?
Wouldn't it be prudent to get rid of the guy that's the cause of those expenses?
And get him to return his free stock, too. The company couldn't handle it if he dumped all his shares.
Then Bordynuik should be fired. Shareholders should demand that the board do that.
Why reward incompetence?
Fire him and the stock rally would be at least a dollar a share.
Bordynuik thinks there are billions of dollars being offered to "invest" in JBI, yet he could not get a Canadian nickel out of any of the "The Pitch" guys on BNN.
One of them said Bordynuik sounded "too good to be true" in fact.
Prescient.
WHO are these JBI freeloaders? "Advisors" and "various parties" getting free JBI stock? Why? For what?
Why haven't their names been disclosed, and the services rendered been defined?
During the first quarter of 2012, the Company authorized the issuance of 715,198 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the date of the consulting agreement which they were issued pursuant to, and had values ranging from $0.60 to $1.48 per share. During the second quarter of 2012, the aforementioned 715,198 shares of common stock were issued.
During the second quarter of 2012, the Company authorized the issuance of 657,188 shares of common stock as an advisory fee related to the Company’s financing efforts. During the third quarter of 2012, the aforementioned shares of common stock were issued at par value.
During the second quarter of 2012, the Company authorized the issuance of 439,333 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the date of the consulting agreement which they were issued pursuant to, and had values ranging from $0.60 to $1.28 per share. During the third quarter of 2012, a total of 364,333 of these shares were issued.
During the third quarter of 2012, the Company reached an agreement with one of the advisors involved in the May 15, 2012 private placement. In exchange for the return of the advisor’s 601,250 shares issued in connection with the May private placement, the Company converted the $162,000 short term loan provided to this advisor into a payment for general services and stock advisory services performed by the advisor on behalf of the Company. The short term loan, which had been previously classified as other current assets, was recorded as consulting expense, classified as a Selling, General and Administrative Expense for the three and nine months ended September 30, 2012.
During the third quarter of 2012, the Company issued 287,000 shares of common stock and 287,000 warrants, previously subscribed, to an advisor as payment for services performed in the private placement during December 2011 and January 2012. In addition, this advisor was entitled to and was issued an additional 71,750 shares of common stock in connection with the Make Whole Provision enacted related to the aforementioned private placement.
During the third quarter of 2012, the Company issued 169,226 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the consulting agreement which they were issued pursuant to, and had values ranging from $1.04 to $1.42 per share.
During the third quarter of 2012, the Company authorized the issuance of 41,399 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the date of the consulting agreement which they were issued pursuant to, and had a value of $0.83 per share. These shares were issued subsequent to September 30, 2012.
"You're witnessing something rare: a company's stock trading without a biased analyst BS'ing you and no stock promoters taking advantage of thousands of people. The company has no free trading shares to sell - its up to our shareholders to spread the word. Our trading pattern isn't odd.. it's what the market would look like without promoters, paid analysts or funds selling their stock to a song and dance."
John Bordynuik
CEO
December 1, 2009 at 12:45pm
That's hilarious!
Of all the lies John Bordynuik has told, this one is a whopper:
"While I can't comment on it, I will never deal with a PP (private plaement, aka a "PIPE") again. A lot of time and energy (even amongst family). I am happy that we did not have VC or AI in the stock so friends and business could participate. Institutions/Funds only in the future now.
John Bordynuik
December 21, 2009 at 12:25am"
What? Repeating half-truths and outright lies until they become the truth is the cornerstone of The JBI Success Story!
The JBI model? FUD: Fraud, Uncertainty and Deceit?
Those are the only three things in which the company has demonstrated any competence.
You are getting closer to the JBI model.
Is there any chance Bordynuik is just a little obsessed with the stock price?
It was his message on Skype about juicing up the company balance sheet with media credits -- a fraudulent asset swap -- that he says was designed to get the stock price up for a PIPE offering. Did he not mean any of that? Is that what makes it "not fraud?"
Seems like Bordynuik lies to a lot of people. It must be difficult to keep track of what the truth actually is in the JBI fantasy land...........................
JBI shares are basically worthless. The air will come out of the balloon soon enough.
" I do get the NOBO list every week and can see that one of the posters on the IHUB is selling, every week, when he claims they are not...
Regards,
John Bordynuik
CEO"
Don't forget to dump the pump and dump!
Imagine if all the JBI CEO "predictions" weren't fraud, and the press releases his company put out weren't fluffy lies...
Where would JBI be today?
If I become a CEO wrapped up the share price and releasing junk
news, then the shareholders will not benefit.
Regards,
John Bordynuik
CEO
A 30 cent rally in JBI is awesome. For traders.
So much for the long term shareholders who will never see $4 or $7 to get out even.
When it comes to the JBI pump and dump, the critical thing is to remember to dump.
Yes, Bordynuik uses Skype for that.
I will bet he sat up at night, planning on how to sucker people in for the next 4 or 5 years.