There is no comparison. I would say that the actio
Post# of 43066
Posted On: 05/26/2014 7:38:56 PM
There is no comparison. I would say that the actions of NSS or shorts are irrelevant to the investor here. If it is indeed happening, it is going to happen anyway, is not specific to JBI, and is beyond the investor's control. The existence of this phenomenon and applicability to JBI is a matter of conjecture as well. JBI's performance and execution on promises made and general conduct is relevant and we know has a direct effect on the JBI stock price (witness the dump 1 day prior to expected release of financial documents).
The simple fact is that whether the activity you are talking about is actually occurring or not, it is irrelevant. Nothing can be done about it, and it is not specific to JBI.
What can be done is to Buy, Sell, Hold or Abandon a position. Those are difficult decisions, but the quality of the market that the security trades in is definitely a consideration. The investor hits the Buy button, no one else does.
I take it that you have an altruistic notion that since you envision the OTC as a vehicle for companies like JBI to raise cash, they should automatically be successful. Not true. And it is usually squarely the company's fault, not the market. And where does the money go? Not to the SEC, the supposed enemy. It goes to JBI management, to unprofitable P&E, and to SG&A, which is significantly comprised of mysterious payments to persons unknown.
That is why I don't bother investing in them any more. I would say that 95% of them (penny stocks that don't pay dividends) fail. The odds are not in favor of the investor. I looked last night using the criteria I used to use... Found 1 stock that was solid enough to take a gamble on. On the whole Venture exchange... 1 stock..
The power is in the hands of the investor.
The simple fact is that whether the activity you are talking about is actually occurring or not, it is irrelevant. Nothing can be done about it, and it is not specific to JBI.
What can be done is to Buy, Sell, Hold or Abandon a position. Those are difficult decisions, but the quality of the market that the security trades in is definitely a consideration. The investor hits the Buy button, no one else does.
I take it that you have an altruistic notion that since you envision the OTC as a vehicle for companies like JBI to raise cash, they should automatically be successful. Not true. And it is usually squarely the company's fault, not the market. And where does the money go? Not to the SEC, the supposed enemy. It goes to JBI management, to unprofitable P&E, and to SG&A, which is significantly comprised of mysterious payments to persons unknown.
That is why I don't bother investing in them any more. I would say that 95% of them (penny stocks that don't pay dividends) fail. The odds are not in favor of the investor. I looked last night using the criteria I used to use... Found 1 stock that was solid enough to take a gamble on. On the whole Venture exchange... 1 stock..
The power is in the hands of the investor.
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