Thomas Kidd is my biggest concern for this stock going forward.
actually the over 3m .80 pipe shares coming off around 7/1 might prove to be a bigger problem near term. especially with the way jbii has been trading this month.
i am sure some shares will stay in strong hands, but to not expect a 30% cash out would not be wise, given the lack of buyers as of late, no p2o revs presently and the new pipe offering -
look forward to the q filing tomorrow!
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Thomas Kidd is my biggest concern for this stock going forward. I believe he will sell a large portion of his shares immediately. Everything I have heard about him is quite negative. He is supposedly in a lot of legal trouble.
I am hoping that if JB has funds ready to do equity financing that he can maybe broker a deal between them and Thomas Kidd. Maybe that visit with MM's will be of some help for that? Those 3.5 million shares could crush this stock right now. Even if P2O is firing on all cylinders, it could put a cap on the upside action. Look what 1.5-2 million shares did to us at $1.