Posted On: 02/25/2014 10:42:23 AM
Post# of 43066
From recent announcement about 3 new Purchasers of JBII stock @ .05
"***
. Pursuant to the Purchase Agreements, the Company agreed to sell and issue to the Purchasers an aggregate of 2.4 million shares of its common stock and Warrants to purchase up to an additional 2.4 million shares of its common stock. The closings of the transactions under the Purchase Agreements occurred between February 19 and 24, 2014. The purchase price per share was $0.05 and the gross proceeds to the Company were $120,000. The Warrants have a three year term, and an initial exercise price of $0.10 per share of common stock.
So, we find out after the fact that we have new "investors". Notice the .05 purchase price, and the 2/29 to 2/24 time frame.
Today is 2/25, and the pps is cratering after the astonishing and "mysterious" run-up.
What filth on the OTC.
From last evening's HUB. This post nails it simply and elegantly and truly:
greedy__malone Monday, 02/24/14 09:15:49 PM
Re: glnetadm post# 259929
Post # of 260028
Can you imagine how much these 3 investors stand to make? Getting shares .01 less than the low? People here bragging about .06 shares while JBII was undercutting that for $120,000? Yep, CFO out and desperate enough for cash to peddle .05 shares. The end is near, this one is unraveling quicker than I thought.
And another post:
jaxstraw Member Level Monday, 02/24/14 11:12:38 PM
Re: None
Post # of 260030
Good grief. The CFO quits in the same week as this company announces the worst financing deal it has ever made in terms of amount of cash collected and the rate of discount to current PPS and somehow this is being spun as good news ?
LMFAO
"***
. Pursuant to the Purchase Agreements, the Company agreed to sell and issue to the Purchasers an aggregate of 2.4 million shares of its common stock and Warrants to purchase up to an additional 2.4 million shares of its common stock. The closings of the transactions under the Purchase Agreements occurred between February 19 and 24, 2014. The purchase price per share was $0.05 and the gross proceeds to the Company were $120,000. The Warrants have a three year term, and an initial exercise price of $0.10 per share of common stock.
So, we find out after the fact that we have new "investors". Notice the .05 purchase price, and the 2/29 to 2/24 time frame.
Today is 2/25, and the pps is cratering after the astonishing and "mysterious" run-up.
What filth on the OTC.
From last evening's HUB. This post nails it simply and elegantly and truly:
greedy__malone Monday, 02/24/14 09:15:49 PM
Re: glnetadm post# 259929
Post # of 260028
Can you imagine how much these 3 investors stand to make? Getting shares .01 less than the low? People here bragging about .06 shares while JBII was undercutting that for $120,000? Yep, CFO out and desperate enough for cash to peddle .05 shares. The end is near, this one is unraveling quicker than I thought.
And another post:
jaxstraw Member Level Monday, 02/24/14 11:12:38 PM
Re: None
Post # of 260030
Good grief. The CFO quits in the same week as this company announces the worst financing deal it has ever made in terms of amount of cash collected and the rate of discount to current PPS and somehow this is being spun as good news ?
LMFAO
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