Posted On: 07/23/2014 11:12:06 AM
Post# of 43065
Re: techisbest #11106
His Excellency was allowed to buy 2,400,000 shares of JBII at $0.05 when JBII was trading around $0.20, in return for unnamed "services" as part of their "Strategic Partnership":
http://www.4-traders.com/JBI-INC-5662893/news...-17994284/
Given The Brewer Group's history of taking cheap stock to tout worthless pink sheet garbage, this makes sense.
However, JBI ceased to be current in their filings a month after His Excellency gave them $120K for his cheap stock. This might have prevented His Excellency from dumping his shares for a 4-BAGGER profit.
If His Excellency is indeed stuck with his $0.05 JBII shares and unable to dump until JBI becomes current, he would likely be quite pissed. In that case, His Excellency might very well join the crowded bandwagon of people suing JBI for fraud.
http://www.4-traders.com/JBI-INC-5662893/news...-17994284/
Given The Brewer Group's history of taking cheap stock to tout worthless pink sheet garbage, this makes sense.
However, JBI ceased to be current in their filings a month after His Excellency gave them $120K for his cheap stock. This might have prevented His Excellency from dumping his shares for a 4-BAGGER profit.
If His Excellency is indeed stuck with his $0.05 JBII shares and unable to dump until JBI becomes current, he would likely be quite pissed. In that case, His Excellency might very well join the crowded bandwagon of people suing JBI for fraud.
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