8100 went off b4 mkt opens hod 1.50 hit .. but and this is key .. those 8100 shares bypass daily reg sho *reported*
it is just one of the tricks utilized
undercutting on the ask and using percentage based signal trades is another ..
what i see <and have seen since may 2010> is this compounding of a short .. i posted contemporaneously that they <those who DO> had made a mistake .. because of the sheer no. of attendees at the co.s first ever AGM .. meaning the odds of parting actual shareholders from their shares .. was a lot slimmer than other legit co.s on the poorly watched OTC
that is why *imo* CSTI was pulled into the fray
that was 2 months after WSB was 8k'd and jbii's pps took it's *first* hit .. from 5.00 to 1.60
the next major effort undertaken was dec 2010
to me it's clear by the total lack of volume done that folks are not selling and to be clear it's why i do use daily reg sho .. it's shows the opposite of what most would expect .. *legit* buying pressure runs the reg sho percentage higher
as for the CA suit .. imo it will be settled .. <to be clear imo it's much ado about nothing> it's why insurance is held and clearly anyone expecting a new co. coming public via a r/m to have well seasoned mgmt and counsel <that comes with a price> doesn't understand the process in place *here*
and that is the trade off here
if jbi had come public via an IPO and done the schmooze with the underwriters and road shows .. i can pretty much guarantee that their ipo price would be in the 25 buck range ..
that is why i look forward to noting what jbi's perceived competitors' price at if/when they come public
but imo jb avoided the *pitfalls* of the ipo route .. the vcs' and those in kind .. he also allowed the avg person who was willing to do their DD .. an oppty few *imo* will ever get
i view my shares in jbi .. via jbii .. as being a lucky recipient of appls' friends and family <or buying at 12.00 when itunes was first introduced :)> .. or with goog in 2004 .. who came public via a dutch auction .. and *avoided* the street's *game* of an ipo
btw .. i am very familiar with the ipo route and wall street analysts
i grant that knowledge was more active a decade back .. but if anything *volatility* <to put it politely> has made more of retail *aware* of the .. pitfalls
== the real point is 10M shares .. 58M to 68M .. done in 2 years to get JBI to where they are today ..
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