The ultimate "hit piece" was already written...by
Post# of 43064
Posted On: 06/11/2014 8:39:01 PM
The ultimate "hit piece" was already written...by JBI themselves:
http://www.sec.gov/Archives/edgar/data/138110...jbiinc.htm
- the three operational P2O processors have been idle since late December 2013.
- Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At June 3, 2014, we lacked the working capital or access to bank credit to make these repairs . (comment: but they had the working capital to continue to pay J. Bordynuik's salary of $275K/yr...perhaps not for much longer)
- the processors will remain idle at least until the third quarter of 2014
- We have incurred net losses since our inception, including losses of $13,234,265, and $13,322,205 in 2013 and 2012, respectively.
- ... increase the total number of authorized shares of common stock, par value $0.001 per share, of our Company from 150,000,000 shares to 250,000,000 shares.
JBII 1 Year change: -78.9%
http://www.sec.gov/Archives/edgar/data/138110...jbiinc.htm
- the three operational P2O processors have been idle since late December 2013.
- Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At June 3, 2014, we lacked the working capital or access to bank credit to make these repairs . (comment: but they had the working capital to continue to pay J. Bordynuik's salary of $275K/yr...perhaps not for much longer)
- the processors will remain idle at least until the third quarter of 2014
- We have incurred net losses since our inception, including losses of $13,234,265, and $13,322,205 in 2013 and 2012, respectively.
- ... increase the total number of authorized shares of common stock, par value $0.001 per share, of our Company from 150,000,000 shares to 250,000,000 shares.
JBII 1 Year change: -78.9%
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