Posted On: 08/04/2014 11:31:03 AM
Post# of 43065
Historically JBI's second quarter's earnings have brought 'good' news for investors. The second quarter earnings report is a bit unique since it's due in the middle of the third quarter. JBI can announce a breakthrough and since it's in the middle of the third quarter, investors won't expect much in the third quarter's 10-Q. They have to wait until the next 10-K for the disappointment and that gives Mr. Bordynuik plenty of time to come up with a new story.
In August 2012, two years ago, JBI announced "cash flow positive" would happen in Q1 2013. Investors were thrilled.
In August 2013, last year, after the "cash flow positive" failure was explained away in the annual earnings as being because processor #3 wasn't up, investors were told that processor #3 was operational and in a 'slow startup'. Investors were thrilled.
This Q2 earnings might have Mr. Bordynuik once again using the current CEO mouthpiece to sing about some new great progress, leading investors to believe profits are at hand and that might get investors cheering and buying shares again.
In August 2012, two years ago, JBI announced "cash flow positive" would happen in Q1 2013. Investors were thrilled.
In August 2013, last year, after the "cash flow positive" failure was explained away in the annual earnings as being because processor #3 wasn't up, investors were told that processor #3 was operational and in a 'slow startup'. Investors were thrilled.
This Q2 earnings might have Mr. Bordynuik once again using the current CEO mouthpiece to sing about some new great progress, leading investors to believe profits are at hand and that might get investors cheering and buying shares again.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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