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Tuesday, November 22, 2011 8:48:29 PM
Savvy investors will wait until the PIPE price of .80 hits again before considering buying shares because savvy investors have seen the PPS dip into the high .50's earlier this year.
Savvy investors know that when shares become unrestricted, PIPE holders will become PIPE sellers and leave die hard longs looking at losses just like todays and dreaming about a JBII future that has taken longer, cost more and encountered more technical hurdles than they are willing to admit to.
Savvy investors remember $ 10 million media credits, tape reading $$, Pak-it (in) and Javco and rightfully question the judgment of a company that makes so many bad calls over such a short time.
And savvy investors want to know who got the tall cash for dealing PIPE shares at a 70% discount to the market.
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