"who orchestrated the share price (over mere days) in Dec
"who orchestrated the share price (over mere days) in Dec 2009
from 1.00+ to 7.00+?"
Excellent question, 4kids. I think a discussion by everyone on that topic will allow a better understanding of JBI and the nature of how these shells are used by swindlers.
The way these share-selling scams often work is that controlling interest in a shell company is purchased, usually for a few tens of thousands of dollars, from the previous owner. That stake is typically obtained either through the transfer of the majority of closely-held common shares or through transfer of some super-voting stock. These shells will typically have very few shares trading in the public market. With such a low float, it doesn't take much to propel the stock higher. Just a few positive press releases or other purchasing and the stock price moves around like vapor.
Imagine an extreme hypothetical case where you have a shell company with a trillion shares outstanding but only a hundred publicly traded shares in the float--bidding those shares up to $3 would give the company a market cap of $3 trillion! The problem is that those investors holding those $300 worth of shares probably aren't valuing the company on fundamentals.
JBI released nineteen press releases in a single day to try to spur investor interest. Through tactics like that and getting just enough people to believe his fairy tale that he had a magic catalyst which allowed him to make crude oil for under $10/bbl, Mr. Bordynuik was able to get just enough people to drink the koolaid that he was able to propel his tiny-float (at the time) stock much higher in a short period of time.
Plastic2Oil, Inc. (PTOI) Stock Research Links
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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