Pick your poison. Reverse split? Upping the authorized share count? Converable debt once the shares count is adjusted? More super-duper preferred shares that trump the Series B? In any event JBI will have to swallow one or more of the above in the next month or so.
But how will all of that work? Heddle our fearless CEO holds a note on vitrually ALL of JBIs assets. He is not likely to subordinate his debt to any new financing and who in the world would provide the millions required on an unsecured basis? As other posters have noted, Heddle has major conflicts of intetest between his personal debt interest and JBIs shareholder intetests.
News 
Market Data 
Discover 
