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clu82

11/19/09 11:29 AM

#11927 RE: clu82 #11926

To continue my thought process, I came to this stock from the USSE/SSTP fiasco (via grantg). If you read their story, and it's tough to read, they supposedly had a secret catalyst that could do basically the same thing that JB's does. But that is the only similarity between the 2 companies: USSE/SSTP has not followed through on 95% of their claims while JBII has followed through on all of theirs.

So that is why my "logical" side is asking questions, after getting burned by USSE/SSTP. My guess is that grantg would agree with me on what I say about the other company.
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PUSH

11/19/09 11:31 AM

#11928 RE: clu82 #11926

Look at the market cap of the co., current earnings, and timeline for growth and I think you will answer your own question.

If you buy in at $1, you are paying for a lot of things that have not happened yet. If they do occur and the pps continues to assume future events happen, you could make some good money.

In other words, you are paying for a co. with a market cap of 60M and very little current revenue ( in relationship to cap ) and a lot of potential ( depending on your point of view).

I don't own any now but do look for 10-15% flip opportunities.
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guzaling

11/19/09 11:31 AM

#11929 RE: clu82 #11926

There are a lot of people out there that do not have a spare grand to spend...especially on a stock! jmo.
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BeerIsGood

11/19/09 11:33 AM

#11930 RE: clu82 #11926

I was able to get shares whenever I wanted. Wonder why you could not????