Alan:
Thanks for the links. It is very interesting reading. It contains all of the components of the best conspiracy theory; Canadians, paid bashers, people shorting while not wearing clothes, the cellar, a stock price (totally manipulated of course) of .0001, all the goodies. That does not mean it is true. Any stock I have seen goes to .0001 because it is not a Going Concern anymore. Usually bankrupt.
Just a quick question: how could any rational person allow a stock to go to .0001, and in the meantime satisfy themselves that this is all part of some horrible plot, and that in reality the price should be higher by thousands of a percent? Just sayin'
I am sure I could do a whole lot of research into it, and come up with an opinion on now true it is. I am sure it happens to some extent. I also think that any company that has real value to shareholders would have so much buying pressure that these tactics simply would not work. Frankly, I don't really care. My question is: if it is so rigged against you, why do you continue to play the game?
JBI had 10 Million dollars at one time in Cash. They have sqaundered it and got nowhere, at least according to their original promises to investors. That is the reason why the stock is where it is. That fits with my observations of stock prices in any market over 10 years.
If you choose to believe that it is for another reason and buy into this conspiracy theory, I would compare it to an employee that gets let go for reasons beyond his control and stews about it. Walks out the door and gets an interview. Walks in and tells them that the reason why there was complete and total failure in his last job was that his boss did not know what he was doing, everything was mismanaged, etc, etc. Someone who talks like that will never get another job. That is the definition of "professionalism".
I experienced this personnally in the mid-90's. Got let go from a technology project, along with 200 other people. And, the person running the show was arrogantly making ever-greater promises to management for 4 years before they finally shut it down. It went as far as outplacement counselling. I was sitting there across the table from the counsellor. He did a mock interview. After a few questions, he put down his pen, closed his book, and stated that if I talked like I was I would never get hired by a large company again. I said "I am just being honest". His reply "Then you have to lie". Simple and to the point. All that matters is what you do within a situation, not that the situation made it impossible for you to do anything. And that is one of the few situations in life where one is expected to push the truth as far as they can go. It can be a tough go.
As an example in investing, some time back I looked for another investment in the casino industry. I realized that they were all financial basket cases and what I had was actually pretty good. However, I came across one stock that was actually traded on the HK exchange. I predicted that it would be successful based on the projected investment into the island of Macau, where it focussed it's activities. And, there happens to be a Pink Sheet stock here in NA with the same name that likely follows it. Pays a dividend and everything. A quick inquiry revealed that the minimum transaction fee to buy a HK exchange was $400. Hence the reason for the existence of the Pink Sheet stock. It is the only Pink/ OTC I own right now.
If ever my assumption is clearly wrong, I will sell it. It will not be the MMs, people with no clothes shorting it, bashers, or anything like that, it will have been my fault.
So how you choose to view JBI and deal with those excellent references you provided is really up to you. You made a decision to buy into JBI at some point based on something. If that has turned out not to be true... only you can take the actions you need to resolve it for yourself.
Thanks for the links. It is very interesting reading. It contains all of the components of the best conspiracy theory; Canadians, paid bashers, people shorting while not wearing clothes, the cellar, a stock price (totally manipulated of course) of .0001, all the goodies. That does not mean it is true. Any stock I have seen goes to .0001 because it is not a Going Concern anymore. Usually bankrupt.
Just a quick question: how could any rational person allow a stock to go to .0001, and in the meantime satisfy themselves that this is all part of some horrible plot, and that in reality the price should be higher by thousands of a percent? Just sayin'
I am sure I could do a whole lot of research into it, and come up with an opinion on now true it is. I am sure it happens to some extent. I also think that any company that has real value to shareholders would have so much buying pressure that these tactics simply would not work. Frankly, I don't really care. My question is: if it is so rigged against you, why do you continue to play the game?
JBI had 10 Million dollars at one time in Cash. They have sqaundered it and got nowhere, at least according to their original promises to investors. That is the reason why the stock is where it is. That fits with my observations of stock prices in any market over 10 years.
If you choose to believe that it is for another reason and buy into this conspiracy theory, I would compare it to an employee that gets let go for reasons beyond his control and stews about it. Walks out the door and gets an interview. Walks in and tells them that the reason why there was complete and total failure in his last job was that his boss did not know what he was doing, everything was mismanaged, etc, etc. Someone who talks like that will never get another job. That is the definition of "professionalism".
I experienced this personnally in the mid-90's. Got let go from a technology project, along with 200 other people. And, the person running the show was arrogantly making ever-greater promises to management for 4 years before they finally shut it down. It went as far as outplacement counselling. I was sitting there across the table from the counsellor. He did a mock interview. After a few questions, he put down his pen, closed his book, and stated that if I talked like I was I would never get hired by a large company again. I said "I am just being honest". His reply "Then you have to lie". Simple and to the point. All that matters is what you do within a situation, not that the situation made it impossible for you to do anything. And that is one of the few situations in life where one is expected to push the truth as far as they can go. It can be a tough go.
As an example in investing, some time back I looked for another investment in the casino industry. I realized that they were all financial basket cases and what I had was actually pretty good. However, I came across one stock that was actually traded on the HK exchange. I predicted that it would be successful based on the projected investment into the island of Macau, where it focussed it's activities. And, there happens to be a Pink Sheet stock here in NA with the same name that likely follows it. Pays a dividend and everything. A quick inquiry revealed that the minimum transaction fee to buy a HK exchange was $400. Hence the reason for the existence of the Pink Sheet stock. It is the only Pink/ OTC I own right now.
If ever my assumption is clearly wrong, I will sell it. It will not be the MMs, people with no clothes shorting it, bashers, or anything like that, it will have been my fault.
So how you choose to view JBI and deal with those excellent references you provided is really up to you. You made a decision to buy into JBI at some point based on something. If that has turned out not to be true... only you can take the actions you need to resolve it for yourself.
