Posted On: 06/11/2014 1:25:06 PM
Post# of 43066
Talk of JBI "uplisting" is even more laughable today than it has been over the last five years.
JBII just got the Royal Boot off the OTCQB for not being able to meet their pitifully meager requirements, down to the bottom-rung of dung-heap called OTC-PINK. There's nowhere further down to go other than getting suspended into the zombie greysheets, or being revoked.
So much excitement about "uplisting" for a broke penny stock that's going in the exact opposite direction.
Anyone with a functioning brain can read the requirements for being listed on the NYSE MKT (formerly known as AMEX), and see that JBI doesn't come within lightyears of qualifying:
http://www.amex.com/equities/howToLst/Eq_HTL_...dards.html
Note the "qualitative standards" as well: " In evaluating listing eligibility, the Exchange also considers qualitative factors such as the nature of a company's business, market for its products, reputation of its management, historical record and pattern of growth, financial integrity, demonstrated earnings power, and future outlook. "
Good luck with a company that has been sued for securities and accounting FRAUD by the SEC, with a founder who has been nailed twice by two different regulatory agencies in two different countries, and banned-fined-reprimanded by both. A company that can't file their legally required SEC filings in a timely matter, who doesn't inform their shareholders when they've been sitting idle for half the year.
JBII just got the Royal Boot off the OTCQB for not being able to meet their pitifully meager requirements, down to the bottom-rung of dung-heap called OTC-PINK. There's nowhere further down to go other than getting suspended into the zombie greysheets, or being revoked.
So much excitement about "uplisting" for a broke penny stock that's going in the exact opposite direction.
Anyone with a functioning brain can read the requirements for being listed on the NYSE MKT (formerly known as AMEX), and see that JBI doesn't come within lightyears of qualifying:
http://www.amex.com/equities/howToLst/Eq_HTL_...dards.html
Note the "qualitative standards" as well: " In evaluating listing eligibility, the Exchange also considers qualitative factors such as the nature of a company's business, market for its products, reputation of its management, historical record and pattern of growth, financial integrity, demonstrated earnings power, and future outlook. "
Good luck with a company that has been sued for securities and accounting FRAUD by the SEC, with a founder who has been nailed twice by two different regulatory agencies in two different countries, and banned-fined-reprimanded by both. A company that can't file their legally required SEC filings in a timely matter, who doesn't inform their shareholders when they've been sitting idle for half the year.
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