Posted On: 07/14/2014 3:10:38 PM
Post# of 43065
Re: PaperProphet #10774
The Q1 10-Q is now how late? Two months? Something has gotten in their way that stopped them dead in their tracks.
Assuming JBI can overcome whatever the problem is and become current, that will unleash a flood of selling of currently stuck restricted shares. At the same time, JBI will almost double their number of shares.
I don't think they have any more Pump-juice left in their veins. A lot of stock would have to be sold for not much money, making their risk/reward of more stock fraud less worthwhile. I'd be surprised if they could manage an offering to sell enough new shares at a penny to cover Bordynuik's salary for another year.
They still have ongoing legal expenses, and that can't be cheap. Simply going "dark" won't help their situation.
I think the jig is almost up on this one. I'd be surprised to see it still alive by the end of the year.
Assuming JBI can overcome whatever the problem is and become current, that will unleash a flood of selling of currently stuck restricted shares. At the same time, JBI will almost double their number of shares.
I don't think they have any more Pump-juice left in their veins. A lot of stock would have to be sold for not much money, making their risk/reward of more stock fraud less worthwhile. I'd be surprised if they could manage an offering to sell enough new shares at a penny to cover Bordynuik's salary for another year.
They still have ongoing legal expenses, and that can't be cheap. Simply going "dark" won't help their situation.
I think the jig is almost up on this one. I'd be surprised to see it still alive by the end of the year.
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