JBII has undergone an 98% haircut during the same time that the stock markets have enjoyed a record bull run.
This means that those who have bought-and-held JBII have suffered a double loss:
- 1) the 98% loss in the value of their investment, and
- 2) the opportunity-cost of having their money tied up in a money-losing POS rather than participating in the bull run.
"Averaging down" while JBII has dropped 98% has resulted in a much greater absolute loss of wealth, as well as a greater opportunity-cost, for the individuals who pursued that ill-advised strategy.
So your saying that the following is nothing but total bullshit from JB, since he was caught red handed illegally transferring shares?
John Bordynuik "You're witnessing something rare: a company's stock trading without a biased analyst BS'ing you and no stock promoters taking advantage of thousands of people. The company has no free trading shares to sell - its up to our shareholders to spread the word. Our trading pattern isn't odd.. it's what the market would look like without promoters, paid analysts or funds selling their stock to a song and dance." December 1, 2009 at 12:45pm
John Bordynuik "I certainly want to clear the air about one question. We did not and DO NOT hire stock promoters. Our stock now has the interest and investment from institutional funds, not retail. That is where this activity is coming from. No stock promoters, just good old fashioned Funds. They couldn't get in before and now we control our business model unlike most other public companies." December 10, 2009 at 5:54p
PART III – AGREED FACTS (John W. Bordynuik)
AGREED FACTS: "purpose was conduct CONTRARY to the public interest."
15. Bordynuik adopted this practice, which violated the terms of the Childrens’ Trust, so as to put free trading and not restricted stock, in the hands of third parties.
of course i also recognize that all companies promote
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