meaning after the AGM (held 12.10.13) i'd issue *consistent and regular* updates on 3's ops
they can be done @ 30 or 45 day intervals (clearly 30 days is a stretch for some)
i'd have done a symbolic gesture of a company buyback @ eo FY 2013 even if only a token amount (50,000 to 100,000 shares) of JBII shares were returned to the treasury .. clearly there is no excess $ to spare and i admire the moral compass that retained workers thru the eoy holidays
i'd file the info on RH's salary (none) as well as the CFO's comp pkg and if JB (as is rumored) isn't taking a salary i'd note that as well in mgmt's next update
it's been pretty obvious to me for months (since co. was wrested back with RH taking over as ceo) that *efforts* would be ramped up to *obtain* $legitJBII shares
there are multiple reasons for this .. but the most *effective* is to limit access to capital/seat an indy BoD and of course uplist
there is only one way that comes to pass at this level of P2O's evolution >> a relentlessly compressed pps
now with mgmt's most recent cuts (filed via an 8k this month) it will be interesting to see what is filed next and when
RH indicated via his first CC back in August that mgmt was considering sale of prox
if that was undertaken the month b4 (July 2013) that is now well into 6 or 7 months of *exploration*
if access to capital has been impacted by relentless compression and is still required going forward i'm curious to see if it's again supplied by RH and for how long
i'm not sure about JBI being CFP this month .. but it won't surprise me if CF *even* is achieved by eo Q1
i think it's pretty clear that JBI has *the goods* (aka early adopter) re: P2O's tech and the competition (real or perceived) will continue along in this newly emerging sector as was noted via this post just last Tuesday
bottom line is i'm not mgmt .. i don't advise mgmt .. i don't consult for mgmt .. but i've seen more than a few legit OTC co.s get successfully cellar boxed
most however have an I/O that measured over 1 BILLION not a mere 90M
my expectation is we will know exactly where the above stands (financing) by/b4 eom