Someone please confirm: I seem to recall reading in an SEC filing that the shares Mr Kidd has were actually traded for purchase of JAVACO, and Mr Kidd acquired them from the trading(?)/acquisition(?) company that previously owned JAVACO. If correct, that means that Mr Kidd saw the value in JBII, and wanted the shares enough to trade his shares in the trading(?) company for the JBII shares. I highly doubt that will now run to sell them
Thomas Kidd is my biggest concern for this stock going forward. I believe he will sell a large portion of his shares immediately. Everything I have heard about him is quite negative. He is supposedly in a lot of legal trouble.
I am hoping that if JB has funds ready to do equity financing that he can maybe broker a deal between them and Thomas Kidd. Maybe that visit with MM's will be of some help for that? Those 3.5 million shares could crush this stock right now. Even if P2O is firing on all cylinders, it could put a cap on the upside action. Look what 1.5-2 million shares did to us at $1.
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