>> Shorting JBII may very well change your zipcode
Yes, I dare say that over the long run, shorting JBII will improve my zipcode.
I'm still long my 5,000 share short. This is chump change, and worth the price of admission to the antics in the surreal world of the JBII faithful.
I have to hand it to the JBII cult-members--it's brilliant to run up the stock after the SEC announcement. There's no more negative news, nor in fact any news, which will likely hit the wires for several months, and so the stock price can be pushed around in a vacuum. No doubt the holders of the last private placement are gleefully dumping their stock right now (I didn't see any lock-up restrictions in the NR, but perhaps I'm wrong).
The last private placement at 40% of the market price will keep the company afloat for several months until the long awaited announcement of "cash-flow breakeven." I can't wait to to see the verbal gymnastics that will accompany that news release. Of course, we still see private placements for even lower valuations after that.
I've been a very minor member of the VMC community since the raging bull days. I've gained an ENORMOUS amount of benefit from my lurking here. So as to not sully the fine community that Bobwins et. al. have created here, I henceforth will not make any comments about JBII. I will merely post summaries of my purchases or sales/shorts of JBII. Just the facts. Hopefully, this will allow us to keep focused on more important matters.
