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?
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.
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.
" 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."
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.
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.
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.
John Bordynuik is like a litigation magnet.
How much would you say JBI has spent on attorney fees since the inception of the company?
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.
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."
December 1, 2009 at 12:45pm
Of all the lies John Bordynuik has told, this one is a whopper:
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...........................