Thank you Paula for the detailed explanation. I agree with what your gut is telling you, and the fact that many large and small investors are holding tight despite the gyrations. My gut is telling me to be patient. I am happy for those who are able to move out and back in to strengthen their position but my eye is on the prize and I am not going to miss the train when it leaves the station. I am adding shares at this level -- added 1000 at 1.68 -- and will add more. Missed the 1.50's waiting for funds to clear.
IMO the evidence has never been stronger that our company will succeed despite many advisories both small and pesky, as well as perhaps large and formidable.
Thanks you and all of the longs who are taking on those forces that may have a strong interest in delaying or trying to slow this train down. r
paula let me offer another aspect of this with a time frame that extends out 12+ months
below i'm posting a response to a question i got asking about shorts and covering specific to JBII
for any new eyes it's critical to understand some basics
apr 2010 ~ JBI holds their first ever AGM .. over 400 SOR attend may 2010 ~ ah's on 5/14 JBI files an 8K hiring WSB jul 2010 ~ on the 9th MM CSTI *graces* JBII for the first time ever
i'd strongly advise all to check the tape of trades on jbii where available posted by me in this venue .. to spot the *obvious*
jun 2011 .. JBI holds their 2nd annual SM .. there are more who attend the 2nd AGM than the first
jul 2011 .. mgmt files 8K re: wells notice
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while no one likes to discuss fraud and corruption in the same sentence with a co. they've done their DD on .. it's vital imo that all understand how and why this came about .. JBI the co. is totally legit .. it's ground breaking *historic* in its nature because they are there NOW .. and it's a *low cost* SOLUTION to a hideous problem that those of us with a CONSCIENCE care about
and money is a factor on both sides
i truly believe that the thought was by the non retail who shorted JBI in may 2010 .. that they could cover in due course .. what came to pass tho' imo is the exact opposite .. JBII LONGS just kept adding
it's why almost 2 months to the day MM CSTI showed up on JBII
there is a reason for that .. and it's why i wrote the following tho' it's been edited for obvious reasons
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the issue is the cover
they can't access shares to cover
that is why the volume matters .. they wind up doing what i call resets <trades> done to extend the clock passing from one MM to another it's why i noted the *arrival* of MM CSTI .. to aid and abet JBII's MONOPOLISTIC MM NITE .. last july <9th> on JBIIE <trades>
this is why volume .. percentages <both reg sho and what the SS shows at the time for the OS/FLOAT> matter
it's my opinion that they've never covered in total even on the slow *relentless* and MM induced *grind* to the YTD low last december <most may remember the very low volume done up thru dec 16th> and why *volume* then followed
note the 2 days jbii has had *volume*
one was in dec 2010 .. one was this month
and how i know they didn't *cover* was because of the buying done in March that blew out reg sho percentages even tho' the MMs' maintained rigid control of the PPS as well as the volume
which is why i'm wondering if they <MM NITE> ran the stock to 4.00
remember they have access to rt level 3 .. retail has l2
MM <monopoly> may have seen enough shares at the 4.00 range to have figured it was worth a try .. however imo what they encounter are folks like myself .. who hold a reasonable amt of jbii shares with GTCS' set so they can't be *borrowed* even tho' i'm a cash acct <both brokerage firms> i have GTCs' set on all my JBII shares
it's a trick i learned from a <senior> broker .. because even cash accts will have *shares* loaned out when they are uber short
and remember one other key stat .. there are *JBII longs* who hold certs never deposited in a brokerage acct
imo there is a 10M minimum *short* on JBII which will be scoffed at by the touts for the hedge funds .. but if anyone believes what is *reported* is actually accurate .. i have a bridge for sale .. it's why *reg sho* has finally been triggered <JULY 26th> even tho' on the .. SURFACE .. NOTHING has changed as a matter of fact *some* could argue that JBI investors would be fleeing the stock and co. in droves .. based on all the efforts underway since 8K was filed by mgmt re: wells notice
here's a funny factoid .. those who have done the DD .. know exactly what it is they HOLD and why there is such a failure over the past 12 months to SHAKE JBII SHARES FROM INVESTORS
so it may have very well backfired on them .. enter round 2 because the clock is ticking and it's a dangerous and costly enemy to the hedge fund/s and their minions ... it's why i did call for ambulance chasing firms on speed dial .. and *do* expect to see HIT PIECES by hacks for hire
i'd lay odds there is also a cancerous employee at the sec who aids and abets a certain unregulated hedge fund who counts folks on certain sites as *associates* and pulls them into the mix on an as needed basis
see none of this is one dimensional .. aspects *ratchet* up when the cover can't be done ~ it clearly includes a MM .. as well as a clearing firm <do some DD there it's revealing including time frames> .. it's a *blog* or two .. it's *a not so indy research house* who will write whatever is directed for a chunk of the change ~ it's a few law firms on speed dial and odds are there is an sec rogue employee who is utilized when draconian methods are required .. meaning everything else the unregulated and upside down on their JBII short .. has utilized
HAS FAILED ~
that is why i'm expecting a hit piece to show by hacks for hire
because imo none of this worked .. JBI shareholders ~ both small and large ~ know exactly what they own .. and since i do talk to a few of them .. it's apparent that the least amount of selling is taking place until certain *milestones* are met by mgmt
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