13 ACCREDITED INVESTORS invest 2.8 mil in JBI.
The Recent PIPE Funding
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The recent PIPE funding is a brilliant move by Bordynuik and should be taken as a vote of confidence by investors for a couple of reasons:
1) It shows that weathy people, 13 of them to be exact, have enough confidence in the company to put hundreds of thousands of dollars each on the line for JB and JBI's process. Logic would suggest to us that these people did not just hand over hundreds of thousands of dollars without seeing the process in action and without knowing Bordynuik's gameplan for rollout in 2012.
2) These people invested and after all, it didn't even take media credits for them to be convinced! But seriously, I think cash flow was a big deal that needed to be addressed for people to remain confident in the company. After all, with enough cash the SEC suit really means nothing at all after a while.
3) The PIPE was funded by the CEO's personal shares. A couple months ago, JB returned 3 million of his own personal shares, and we clearly see that this was for this latest PIPE. John has gone through heck and back to make sure that the share structure of this company stays in tact and in good shape and there in lies one of our big strengths. Even if in a absolute dire emergency (or in the case where John wants to do something like offer a share dividend to his loyal investors) and the O/S was taken to 75 or even 80 mil, we would still be in great shape. John has always had a way of rewarding his shareholders, and I think that something like a share dividend or even returning more personal shares would NOT be out of the question.
4) Love the dates on these warrants. It goes through 1/6, which again, would help common sense and logic dictate that in the rare case these people didn't know about the SEC litigation coming, they would have had a chance to back out. Guess what? They didn't, and they more than likely continued to buy shares in the open market.
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