Plastic2Oil Inc (PTOI)

[Toxic Avenger]

Not exactly.
Apple IPO'd at the equivalent of $2.75/share. That means since then, common stockholders have gained about $330 billion in market cap. I don't know what the VCs made on it prior to the IPO, but it wasn't $330 billion.

You're quite right that AAPL has been up and down over the years. More opportunity for common shareholders to make (or lose) money. Again, makes my point that going public before you have a proven business model is something that only works on the OTC when hype can drive a stock higher and early buyers can cash out with a profit. The way real companies like Apple and Facebook develop is with VC or angel money, convincing early investors of the viability of the business, then expanding through an IPO.

With Agilyx, if it's a success, it will IPO and be listed on an exchange. If it isn't, it won't. For every success of course, there will be many failures. That's why the VCs are there - to take the early risks and reap the early rewards (large on a percentage basis).

Agilyx has $22 million in funding already. When (If) it IPOs, you can bet it will be looking for more. Contrast that with JBI that took in about 1/3 of that in its latest PIPE, by providing shares at a huge discount to the current market AND required about 10% additional shares a "finders fees". When it next looks for PIPE funding, the market price is likely to be lower than it is now, and the discount again substantial.

I agree with you that JBI is not a scam, however if by "success" you mean, "become profitable or cash flow positive", I'd give JBI about a 1% chance, and I think that's being generous.