If you're still holding shares read the transcript from the December 10th AGM, read yesterday's long overdue 10K, then skim through the words that came out of Bordynuik and Heddle during the December 10th AGM again.
Then ask yourself if JBI executive leadership is being deceptive and omitting information to keep shareholders in the dark but buying shares. Remember, they've now admitted that at the time of the AGM this was their reality. That December 10th AGM was pep rally-like as all JBI calls are.
JBI references "late" December and from what we understand Q4 P2O production was way down. If the shut down happened after December 10th they would've had all of October, November and 10+ days of December to provide much higher production statistics, right? The BS with JBI continues too where we're now left to guess what "late" means. Its infuriating.
"The Company had to shut down its production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of our processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At June 3, 2014, we lacked the working capital or access to bank credit to make these repairs.
IMO, EVERYTHING is sour in JBI land and its been like this for some time now.
I caught on a little too late but still managed to sell many shares in the $0.35-$0.45 range. Quite a few, however, sold at $0.17 too and today I have under $50 in JBI shares. Boooo JBI management!
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