In one section of the new 10-Q, it is said that "management believes that our Company's cash will be sufficient to meet our working capital requirements for the next twelve month period " Elsewhere, investors are assured that "while the Company does not currently have sufficient cash for the next 12 months," it should be possible for it to obtain a loan, if necessary. Presumably the public will learn which statement is correct in the fullness of time.
Readers can send comments about this story to jshell@stockwatch.com.
Further information about JBI, Inc., may be found in a Stockwatch article dated July 8, 2010.
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