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Re: Steady_T post# 49967

Friday, 06/18/2010 1:02:19 AM

Friday, June 18, 2010 1:02:19 AM

Post# of 312102
And you have no idea how JBI has been spending the approx $6 mil cash it had on hand.

JB had maybe $1.9 million cash on-hand. I doubt he would've done the $4 PIPE after promising not to until ~$18/sh if he had any of that year-end cash left.

Now he has two accounting firms on the payroll to re-audit/restate a 10Q and 10K, not to mention the 3-week late 10Q. They went through $4-5 million between Jan-Apr, how much do you think $1.8 mill is going to last?
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