What ever way each individual with a vested interest in this stock would like to spin it, the bottom line is that the company keeps missing expectations. The latest expectations were set with the close of Q2 and into Q4 processor run. Whatever reasons they assuage themselves with that could not maintain throughput rates, it is simply noise and excuses.
Whatever your position is on this, whether it be, calculation extrapolations, NSS Theory, DD, Scam, Historical pomp and circumstance, processor visits, Boots on the ground, cheerleading, attacking, and yes, even the laughable Neato Day (high school revisited), the bottom line is lack of execution.
With this stock, small position in my overall portfolio, I have now gone from speculative issue to pure gamble. I have been long since mid 2010. I have always stated I would ride it out for the entertainment factor this board provides me. I will remain a shareholder until we get confirmation one way or another. Either I will see greater than $10 or $0.
I can truly say that I am disappointed in the latest results and believe the execution of a public company needs to be drastically tightened up. Props go to Bueno Kite for his realistic and well thought out posts asking the hard questions and telegraphing the answers. Answers that no long really wants to see. The market truly does forecast what is happening on the inside. JBI is no different.
I consider Chris Irons a friend of mine and trust this works out for him since he has more at stake than the rest of us armchair quarterbacks. I trust that Rick Heddle did not come in blindly and his track record of success will be maintained. I trust that JB will have learned from his amateur errors and be on the path back to respectability. This investor will not throw good money after bad as it is simply a source of entertainment for me now.
JBI, show me what you got with your performance. Profitability is the bottom line. The stock price dictates your future investing pool. Regardless of how much potential you claim to have, it is time to show your shareholders the money with flawless execution. GLTA, DZ
