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Threshold triggers only mean that trades didn't settle electronically at the end of a series of days.
That report shows both LONG fails to deliver and short fails to deliver, just like the daily FTD reports show.
It's very common to have LONG FTDs in share selling pinksheets stocks like JBI, because brand new certs (shares added to the float) take a while to settle manually.
In fact, I would just about bet that the "threshold trigger" dates mentioned for JBI correlate directly to increases in the JBI float.
Most of the float data -- by date -- has been recorded on the internet. It wouldn't be terribly difficult to prove or dispove this.
So the next PIPE will be at 40 cents, then. Thanks for the information.
JBI hasn't released any guidance on that.
Or were just a few "various parties" and "advisors" told this?
How many shares will JBI have to sell this year to stay in business?
IMO, the next PIPE will be required in April or May
Now, when is the AGM?
Yet Bordynuik signed an agreement to accept a 5 year officer and director bar.
The settlement agreement prevents the defendant from using insurance money to pay his fines.
The company has issued a lot of shares, and continues to dilute them to raise cash to stay in business and pay their outrageous executive salaries, so it's highly unlikely that the shares will get anywhere close to previous highs ever again.
The morons running JBI are not their own worst enemy?
Now THAT'S news!
When were the morons replaced?
Looks like it's time to get sell orders ready.
The "CFP rumor" will be much better than reality.
So the promotional effort between now and the release of the next quarterly report should bring about the sale of a lot of shares.
Various parties will be selling
Advisors will be selling
Whales will be selling
Flippers will be selling
Where does that leave buy and hold shareholders?
Was the promo piece written by "various parties" ??? Looks like it to me.
I wonder if all these shares are off restriction? Or if they had any restrictions at all....
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.
Why would "Honest John" sign a settlement agreement with the SEC if he's "not guilty?"
Give me a break.
An honest, innocent man would have torn it up and taken his chances with a jury of his peers or go before a judge and defend himself.
Clearly, he did not do that.
The truth is that SHAREHOLDERS LOSE when public company officials defraud them.
That's the bottom line.
Let the civil lawsuits begin!
Actually JBI "lost" if you want to call it that.
Their former CEO received a five year bar.
There is a $150k fine so far, with more to come.
And maybe the part about SROs and their rules about securities fraud were missed in the settlement... JBI's chance of an uplist went *poof* with the signed settlement agreement.
JBI is doomed pinksheet trash forever now........................
The truth is that SHAREHOLDERS LOSE when public company officials defraud them. That's the bottom line.
Pull bid support an JBI drops like a rock.
Dump stock and JBI drops like a rock.
Could be either, or a combo of both....
Looks to me like an attorney could have a case for securities manipulation.
That the way thinly traded pinksheet trash go.
Looks like collusion going on between "various parties" and "advisors" and insiders at JBI to buy and sell ahead of news -- news they already knew was coming.
Collusion.
That would be something new, right?
LOL
Did any "various parties" sell stock yesterday?
How about JBI "advisors" -- were they sellers?
Who are these "various parties" and "advisors" anyway?
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 talking about JBI. They are using this company Rock-Tenn and their ticker RKT as ticker spam in a pinksheet stock promotion. That's all that is about.
I hope RKT sues them for abuse of their good name.
Was that your trade? Wasn't mine.
It makes no sense to mindlessly hold the stock and dream of fabulous riches, I agree totally.
Good! Thinking! Time to sell JBI is when there are bids lined up.
What lawsuits are currently open targeting Bordynuik and JBI, Inc?
whoa. hardcore, huh?
Rock-Tenn Cut to Underperform From Outperform by CLSA >RKT
Last update: 1/24/2013 8:26:10 AM
---
They had it right some months ago, so a profit taking call today.
Rock-Tenn Company Upgraded by CLSA (RKT)
Jun 11th, 2012
Rock-Tenn Company (NYSE: RKT) was upgraded by equities researchers at CLSA from an “underperform” rating to a “buy” rating in a report issued on Monday.
Shares of Rock-Tenn Company opened at 53.14 on Monday. Rock-Tenn Company has a one year low of $43.61 and a one year high of $74.15. The company has a market cap of $3.756 billion and a P/E ratio of 21.96.
Whaaat? You mean there will be MORE lawsuits? Say it ain't so!
It's a shame the SEC didn't require disgorgement. That's a testament to his (expensive) legal representation.
Will Barred John be paying his personal legal fees in shares or cash?
Correct! Crushed...
Because I'm not a fan of the Special Olympics.
Nothing like forward looking news. How many shares were you able to sell?
What? What fine? RKT paid a fine?
That's really non-material to RKT, whatever that is.
I'm not aware of any. has Rock-Tenn done something?
It's a good time to sell here at 80 if it gets there
They did break out their recycling numbers, yes:
They sold less profitably, but got rid of Smurfit losing operations.
Recycling Segment
Recycling segment net sales decreased $78 million over the prior year first quarter to $252 million primarily as a result of lower selling prices and volume. Segment income increased $1 million to $4 million in the first quarter of fiscal 2013 compared to the prior year quarter primarily due to cost structure improvements. Recycling segment EBITDA margin was 3.0% for the first quarter of fiscal 2013.
They had a .17 cent extraordinary gain from getting rid of losing Smurfit business units and getting rid of loser former Smurfit employees.
They reported it as a restructuring cost of .17 per share for the quarter
-- RockTenn's restructuring and other costs and operating losses and
transition costs due to plant closures were $0.17 per diluted share
after-tax, for the first quarter of fiscal 2013. These costs consisted
primarily of $9 million of pre-tax facility closure charges and $7
million of pre-tax integration costs.