Nonsense. If JBI's monthly losses have continued to exceed $1MILLION/month, then the share prices is overvalued by about 100X.
That's not even accounting for the SEC litigation against JBI for FRAUD, the OSC's investigation, and the additional and inevitable PIPEs.
Selling tens of millions of more heavily discounted shares, and the massive dilution that implies, will be necessary to keep this shell-game going.
Taking those into account, sub-penny is reasonable.
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