I don't have that high opinion of JMJ, not even close.
IMO JMJ is a parasite with money. They loan it in order to have their hooks into the opportunity to manipulate their position and make more money. They are near the bottom rung of the ladder of the vulture capital business.
If the victim (in their eyes) that they are lending money survives the manipulation and prospers they will win. If the victim's heart-line of funding sources deteriorates and their performance plans are delayed so that the price drops rapidly due to their manipulation and public sentiment they might lose a little, but nothing compared to the victim and the public; and, they still have a chance to make a lot (not as much as the win scenario, but a lot).
So, they pick their victims and hope to find those that have good public interest and that have not reached the end of a bad cycle of dilution where a reverse merger becomes necessary. When they've found those victims, it provide them the opportunity to make money in win or lose scenarios.
In this case, our CEO has done a brilliant job of staving off the Vulture while enduring an exceptional string of delays (many that were not controllable and some that were due to underestimating the obstacles built in to the path chosen for success). That speaks volumes to the resilience of this company. The dilution over the past 5 years has been minimal compared to virtually any company that does not yet have an income stream. That is exceptional management.
I'm waiting for the payoff and believing the parasites will make their money but the public will eventually also make a big return.
Some prefer to believe NBRI is a sham; but, the history of results very clearly does not fit that claim. When there is a sham there is major evidence in the trail that the perpetrators are making major money at the expense of the public. That has not been evident. The timeline and events and monetary investments by management have all seemed to be sincere efforts to improve and sustain shareholder value.
This risk fits my investment style. I've won some and lost others but overall my style has worked tremendously well for over 40 years.
