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Tuesday, May 25, 2010 10:08:04 AM
And while I cannot (obviously) predict what the share price will do in the short-term, I believe it's a very good long-term investment.
Consider for a moment all the people who know JB, have spoken to him personally, or to the JBI board or employees. What percentage of these people believe that JBI will succeed? Now consider all the people who believe JBI's P2O is a hoax, or will never work as advertised. How many of them have ever met JB or spoken to people on the board?
I think the answer is clear. Now ask yourself who you'd rather believe.. those who are close to the company, or those who analyze JBI like any other penny-stock chart?
I choose to believe. I believe that re-stating financials is a good thing for the company, and I believe the auditors (and/or NASDAQ) insisted upon doing it. I don't believe it will unearth anything that is grounds for a lawsuit either. I believe that none of PIPE investors was influenced by the book-value of the media credits. I believe the CEO deserves a modest salary when DEC permits are issued, and I believe his options carry a strike-price that shows the level of trust he has that JBI will be very profitable.
In short, I believe. And if you do too, I believe you will be rewarded.
Stu
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