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arvitar

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Re: mikeo56 post# 179807

Friday, 04/27/2012 2:34:21 PM

Friday, April 27, 2012 2:34:21 PM

Post# of 312101
Nonsense. If JBI's monthly losses have continued to exceed $1MILLION/month, then the share prices is overvalued by about 100X.

That's not even accounting for the SEC litigation against JBI for FRAUD, the OSC's investigation, and the additional and inevitable PIPEs.

Selling tens of millions of more heavily discounted shares, and the massive dilution that implies, will be necessary to keep this shell-game going.

Taking those into account, sub-penny is reasonable.

A casual stroll through the lunatic asylum shows that faith does not prove anything. Friedrich Nietzsche

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