Friday, November 25, 2011 9:37:41 PM
As for Apple, you don't know your history well. Apple tanked in 1996 to about a third of its value before Jobs came back as president.
I have stated often enough that JBI is a highly speculative investment. It will remain so for some time until they can demonstrate that they have a commercially viable product and that they are generating cash flow. So far, I have not seen any tangible evidence of this. I know a VC who chose the best 10 ideas that were presented to him. Ones with what were perceived to be incredible ideas and concepts. He still expected 6 of them to fail, 2 to struggle to achieve critical mass and for jus 2 of them to succeed. Thats about the odds that I give JBI to succeed. 20%.
But I don't believe it is a scam and if it is, its the crummiest scam I have ever seen. Its been around too long, attracted the wrong kind of attention and they have spent a ton of money. There would be hardly enough left to make it worth while.
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