This PPS movement should be no surprise to anyone who watches this company.
And it has nothing to do with the 'science' or if it is a scam or not.
JBII is an unprofitable company OTC stock that issues shares for funding, that issues shares for services, that issues shares for payment, that issues shares for employment, etc.
Sooner or later, someone, or some entity, was going to selloff. And selloff big.
It happens to all OTC stocks that use shares instead of cash.
And it will happen again in the future based on all the shares they have put out, and as long as they keep being a share issuing machine.
It's a nice warm fuzzy feeling thinking that JBII was going to be like a big board stock and the PPS was going to always be semi-stable with minimum and gradual price swings......but reality is it is on the 'wild west' of the OTC and has made issuing shares commonplace....and that scenario never makes a stock a stable investment.
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