2010-08-26 11:39 ET - Street Wire
by Janice Shell
It has been a horrible summer for Canadian stock promoter John Bordynuik and his Niagara Falls, Ont., company, JBI Inc. Following a series of mishaps and promises not delivered, his stock has been demoted to the lowly Pink Sheets and his status as local hero much diminished.
---------------------------------
I don't know why everyone gets on Janice Shell's case, it looks to me to be an editorial-type piece that she writes......"Street Wire" is not supposed to be a definitive reference source free of the writer's POV, is it????.....(last time all the hub-bub was over the use of the "promoter" label).........to me "street" implies a piece will try to get a handle on what "the street beat" is, and I thought she again did that well, here's an example that captured my feelings as a shareholder:
Another conference call
Investors had high hopes for the call. Surely their charismatic CEO would not fail them. Disappointing financial reports could be dismissed; after all, the past is the past. Perhaps they would learn more about progress on the P2O scheme. Perhaps Mr. Bordynuik would announce that P2O would soon be operational, and their troubles would be over.
Instead, an uncharacteristically subdued Mr. Bordynuik read from a script, and that script raised issues that came as a surprise to most listeners. After briefly addressing the changes to the company's financial statements, he moved on to P2O.
anyway, that's my take on Street Wire.....yes, there are some minor mistakes, like heat damaging the sensors, whatever.....if some held the Co to such a meticulous detail of accountability, all would be well in JBII-land IMO......for instance, how many things in JB's CC did not pan as stated????.....how many FB posts came to naught???
Market Data 
Markets 
AI
