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ponzi_implosion

11/10/13 1:20 PM

#248920 RE: Rawnoc #248918

Smells like something entirely different to me.

Smells to high heaven of a desperate company selling shares and debt and warrants and promissary notes to keep the management gravy train going as long as possible. Oh yeah, they also sell naptha for $.90 a gallon that costs about them about $2 to make.

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BigGreen101

11/10/13 2:22 PM

#248925 RE: Rawnoc #248918

Maybe another PIPE on the way? I can see the complaints coming - with the change from lack of funds and no willing investors to massive dilution to keep the doors open.

Interesting times from JBII. I hope the financial statements are a positive surprise for us longs.

Cheers.
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steelyeye

11/10/13 6:16 PM

#248954 RE: Rawnoc #248918

Yeah, I smell the same thing. I liked the care taken not to disclose anything material that wasn't already pubic knowledge. Also liked the non-defensive response about having to sign an NDA.

Personally, I prefer the smell of an enthusiastic recent visit over the smell of other things.

Smells like a hint drop to me. Read between the lines.