this issue strikes at the heart of what is (could be...) wrong with iHub. These penny stocks exist on the reputation of the founders or CEOs, whom the investors blindly follow. Everything they say is true. It must be, because he is who he is. It is also impossible to argue with it. It is like believing in God, there is no proof required and no way to argue with it. So in the minds of the followers the Honest John thing is very important and in the minds of the bashers it is bunk.
If the site would permit more open discussion about the company or stock in the first place, maybe this kind of thing would not happen. Try posting an opinion (which is all anybody on here has, nothing more) that a favoured stock will go DOWN or generally SUCKS and see what happens. Suddenly, you are in the wrong because you are not posting "facts". Of course, the only facts come from CEOs like Honest John, with no objective proof whatsoever (WTI - $3?). I will believe it when I see it.
So last time I looked JBI only had $4M in the bank. That is not much. Probably won't get them through a quarter. And they did not think of permitting ahead of time? That is 6 months right there. ..
So I think this stock is headed south at some point, and sharply so. Not sure when, but it will...
what do you think of that?
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