I am new to this Board. I have viewed many posts o
Post# of 43064
Posted On: 06/19/2014 12:27:30 AM
I am new to this Board. I have viewed many posts over the last many months and only currently decided to join and possibly provide a post. Based on what I have to read on this board, all I have to say is WOW!!! I am not "currently" an investor but I am seriously considering to become one. Many of you are asking "why the hell would you do that?" while many of you are saying "great, come join us and reap the future benefits." While I welcome the concern and comradery from both opinions I must say that my decision to invest will not be based on either.
In the past I have invested in a few start-up companies that started off as penny stocks. Some I did well on while others cost me a few dollars. The constant in both cases was that I did my DD. None of the stocks where "get rich quick" scenarios and neither, I believe, is JBII. Technology companies are not like software companies or like internet companies of the late 90s. Especially ground-breaking companies which JBII has the potential to be. Does anyone remember Ballard Power Systems? They were the glory tech company in the early 90s with ground-breaking technology in hydrogen fuel cells. More recently, most people know about wind turbines and solar cells. These too are ground-breaking technology companies. Point is none of these technologies makes money without government subsidies. The reason for these subsidies is that these technologies provide us with a better environment compared to power generation which utilize fossil fuels. Plus, billions of dollars were invested before they where put into commercial operation and billions are still being committed.
I guess what I am trying to say is that I have not read anything that would make me believe that JBII would be a good investment or not from either side. If I wanted to know what happened with JBII in 2009 then I would be able to find that out on this board. To tell the truth, I don't care what happened in 2009...or 2013 for that matter. Start up companies are a roller coaster on emotions. In my opinion investing in start-ups such as JBII is like going to a casino. Your decision to gamble is based on how much you are willing to lose and then you roll the dice.
Arguing about what JBII has done right or wrong or how much JB has pissed away does not interest me. I can read the financial reports myself to determine that. And by the way, JBII is a public company so every dime has to be accounted for in their quarterly and annual financial reports. These reports are read by the authorities as evidenced by the penalties JB and JBII have had to pay. By the way, these penalties, in my opinion, where due to JBs naivety more so that his desire to dupe investors.
I have droned on a bit too long but I just wanted to share my opinion. Take it or leave it but please don't expect me to respond to your criticism or concerns.
In the past I have invested in a few start-up companies that started off as penny stocks. Some I did well on while others cost me a few dollars. The constant in both cases was that I did my DD. None of the stocks where "get rich quick" scenarios and neither, I believe, is JBII. Technology companies are not like software companies or like internet companies of the late 90s. Especially ground-breaking companies which JBII has the potential to be. Does anyone remember Ballard Power Systems? They were the glory tech company in the early 90s with ground-breaking technology in hydrogen fuel cells. More recently, most people know about wind turbines and solar cells. These too are ground-breaking technology companies. Point is none of these technologies makes money without government subsidies. The reason for these subsidies is that these technologies provide us with a better environment compared to power generation which utilize fossil fuels. Plus, billions of dollars were invested before they where put into commercial operation and billions are still being committed.
I guess what I am trying to say is that I have not read anything that would make me believe that JBII would be a good investment or not from either side. If I wanted to know what happened with JBII in 2009 then I would be able to find that out on this board. To tell the truth, I don't care what happened in 2009...or 2013 for that matter. Start up companies are a roller coaster on emotions. In my opinion investing in start-ups such as JBII is like going to a casino. Your decision to gamble is based on how much you are willing to lose and then you roll the dice.
Arguing about what JBII has done right or wrong or how much JB has pissed away does not interest me. I can read the financial reports myself to determine that. And by the way, JBII is a public company so every dime has to be accounted for in their quarterly and annual financial reports. These reports are read by the authorities as evidenced by the penalties JB and JBII have had to pay. By the way, these penalties, in my opinion, where due to JBs naivety more so that his desire to dupe investors.
I have droned on a bit too long but I just wanted to share my opinion. Take it or leave it but please don't expect me to respond to your criticism or concerns.
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