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techisbest

01/28/12 10:27 AM

#161327 RE: Johnik #161326

Johnik: I think it is much easier to NSS Bell than JBII.
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xxxxcslewis

01/28/12 10:49 AM

#161331 RE: Johnik #161326

The following statement from your link is the crux of the issue.

Market makers who ensure liquidity in the market are excepted from these requirements if they are engaged in bona-fide market making activities in the security for which the exception is claimed.

bona-fide?
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Toxic Avenger

01/28/12 11:33 AM

#161338 RE: Johnik #161326

There's no question NSS exists. However, the "fairy tale" is that it exists on many OTC stocks, and particularly on JBII. As I've pointed out through numerous methodologies, naked shorting is NOT occurring on JBII.

The "naked shorting is killing this stock" is like calling the police every day your child is at school and reporting him kidnapped because "you know kidnapping at schools happens".

JBII has lost some $30 million in its existence. It has a process which is being done by many other companies. It is losing 10-50 times the revenues of this process each quarter. It has relied and states it will need to rely, on PIPE funding to stay in business. It is subject to an SEC lawsuit and a class action lawsuit. It has competitors with much greater expertise and funding. It relies on people who, for the most part, have no background in either this technology, or start up public companies. The SEC is seeking to bar it's majority owner, CEO, and chief technical person from being a director or officer.

That such an entity is even in business, let alone enjoys a market cap of $100 million is a testament to the only manipulation being upwards.

I'm afraid the NSS fairy tale is indeed a fairy tale, at least as far as JBI is concerned.
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Zardiw

01/28/12 11:42 AM

#161340 RE: Johnik #161326

Now if they would only do more about it. At minimum I wish the sec would do the very basics: Settle the Trades...

but it does appear to be a real phenomenon, at least in the eyes of the SEC.



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