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.
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.
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.