How many investors ponied up millions / billions to
Madhoff Enron Worldcom Corizine Solyndra Etc Etc
An investor willing to risk money does not equate to a good investment.
Just because some hard money guys were willing to buy up shares in a JBI PIPE does not, by any stretch of the imagination make this a better bet. In fact, the adjustment clause / margin-collateral clause just underscores how risky these guys think the deal is. The terms were far, far from favorable to JBI when it was trading in teh $2.40 range.
We'll know in May when the 10Q comes out. Maybe they needed money to buy gas so they could show inventory and sales. JB did say they were buying fuel in a recent PR. Didn't say they were making any.
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