Penny stocks move entirely on speculation and hype. Find any exchange traded stock over $1 that trades at roughly 30 times revenues, roughly 500 times revenues of it's primary product, while losing roughly 7 times sales for the latest 9 month period.
There are millions of shares still on restriction and likely millions more will need to be issued in the coming quarters.
There's little doubt that this and other MBs have a huge effect on JBII and many other OTC stocks. No analysts cover it and no one really thinks a company with $30 million in accumulated losses is going to turn around with their current $4 million in current assets and build a $100 million company, let alone a billion dollar one. When the hype and speculation dies, the stock price goes with it. And believe me, this isn't close to rationally valued yet.
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