Sorry, incorrect again. Unbridled naked shorting makes a stock worthless. Just as unchecked counterfeit money renders a currency worthless.
You can't argue that "there are an unknown number of counterfeit shares in the hands of many shareholders, it continues unabated, and it will have a positive effect on the value of the stock. " It simply makes no sense. Nor does the argument that those who have naked shorted with impunity for years will not only stop, but actually cover those undetected short positions.
i've always believed that JB gives clues and connects dots for those JBI shareholders (investors) who've done their DD
clearly none of us here have access to inside info or timing but one can piece together a time line that shows some rather *circumstantial* evidence >>> which of course is why i vote for a trial by jury in the commonwealth (because if it went to trial all of this *filth* would be revealed)
the opposite of a pump and dump is the short and distort
what is *new* (as in the last few years) is an orchestrated run that converts to a short usually in conjunction with a colluding hit piece or blog ..
now how this affects JBII <the stock> is because we know that KIDD got 3.5M of <what would become> JBII certs
i strongly suspect that KIDD's *intent* was to *set up* JBI the co. (sincerely doubt KIDD had interest in IP <p2o> just the usual of serial con artists who DO this by rote>
that and the incredibly low float of late 2009 would explain the *run* on literally very little volume to 7.70 ish pps in DEC 2009
now what the norm then is >>>> is for the stock to get shorted back down >>> what happens with JBII is it doesn't *conform*
it settles (again on very low volume) in the mid/low 5.00 range for approx 5 months >>> until of course WSB was 8k'd
i have zero doubts when mgmt met with naz re: uplisting that naz embraced them in total with the exception of their fins (again the use of a top tier firm vs. a bottom tier firm is rather *vast* .. expertise comes with a corresponding price tag) and these are the kind of hard decisions mgmt makes when it comes to their ability to access capital while trying to retain LONG TERM shareholders' value .. it's a constant back and forth and why i've never expected *seamless* from a newly public co.s mgmt team >>> a lot is learned in the first year
by JULY 2010 >> 3 things happened >> the *short* in JBII was transitioning from short to abusive >> a hit piece got printed and CSTI was imported to help out NITE (the MM who dominated JBII)
but what is really eye opening with hindsight is the 33 topics that the sec wanted info from JBI (including the catalyst) that previously non disclosed correspondence (not made public until after i contacted the boston office of the sec on 1/5/12) was dated 9/28/2010
which while circumstantial confirms what i'd been both documenting (tapes of trades) and posting about contemporaneously via this venue >>> specific to the abusive short in JBI
now the irony here is no ceo can publicly acknowledge NSS or they get byrned >> so what one looks for first is mgmt's awareness >> then their ability to both execute their business model and survive and this is where JBI investors who've done their DD (AGMs' attended .. conferences attended .. on site tours or just drive by's counting the cars first and then tractor trailers next) matter
couple that with PIPE INVESTORS (many of whom have publicly posted in this venue) who have NEVER DEPOSITED THEIR CERTS IN ANY BROKERAGE FIRM (meaning shares can't be accessed in any way)
factor in mgmt's own leverage at every step of the way >> first independent analysis >> then the NYDEC >>> and lastly NY senators who watched P2O up close and live in OCT 2011 (and don't forget a ceo who funded a good chunk of the process with his own JBII shares)
what has happened to JBI has happened to 1000s of co.s on the poorly watched OTC >>> the difference is JBI has P2O and P2O (as of 8/4/11) *evolved* to the next level
i always presume the worst >>> but the irony here is with JBI it won't matter >>> because the COMPANY HAS OPTIONS based on P2O rolling out commercially in 2012 >>> which imo gets well underway this Q (and being the conservative type i'm factoring 3 produced per month for 9 months in 2012 courtesy of all that *tweaking* JB did in 2011)
do the math folks >>> now you know why this minor skirmish evolved to a battle and then became a war
the money involved here is literally mind boggling which brings its own attention
factor in the SS <share structure> and one can understand why a 10M <conservatively> abusive short position is fought daily
they never cover until forced to do so >> the expectation <and with good reason> is the co. will be killed first >> P2O changes that for JBI and what makes some hedge fund *cover* is legitimate buying pressure of substance ~ which will come when P2O is covered by the national media ~ that comes when P2O is unveiled at the first rock tenn site which imo comes b4 the eoq ..
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