The stars may at last be aligning for JBI. Effe
Post# of 43064
Posted On: 07/24/2014 10:22:57 AM
The stars may at last be aligning for JBI.
Effective August 14, 2013 Richard Heddle became the CEO of JBI. The Q2 2014 10-Q is due August 14, 2014 three weeks from today on his one year anniversary.
The company has indicated the 10-Q for Q1 2014 will be filed "shortly". It would not be a surprise me if the 10-Q's were filed simultaneously and include the name of the national engineering firm and the nature of the agreement between the two parties. I expect the name change of the company will occur at that time, and possibly the new trading symbol and cusip effective date will be included. The appointment of some or all of the members to the Board of Directors possibly may also be made. A sale of an asset might also be announced.
All of this may not wait until August 14. It could take place at any time. The existence of extensive stock manipulation by investment banks, market makers and others is now being widely exposed. Trading volume in JBI is very low. Much of the trading reported appears to be "wash sales".
If there is a large naked short position (some here think many, many millions of shares,) the next three weeks may become a cause of very great concern for them as the overwhelming implications of the filings become apparent to all. I don't see a way out.
Additionally beyond the above, the following surfaced yesterday on the pending Pancoe lawsuit settlement.
"Based upon counsels' representations, the Court reserves August 15, 2014 at 9:00 a.m. for a Preliminary Approval hearing, with the same date and time serving as a Status Conference/Oral Argument hearing should settlement be unsuccessful, in Reno Courtroom 6 before Chief Judge Robert C. Jones. IT IS SO ORDERED."
As I understand it the settlement will most likely result in the issuance of 3 million shares of stock. That stock will be liquidated in an orderly systemic process that will take many months to accomplish. Eventually the proceeds of that settlement will be distributed to shareholders and possibly a portion donated of the funds to a charitable organization.
If the above August 14 scenario plays out the price of the stock may dramatically increase resulting in a very substantial payout to many shareholders.
The fuse is now very short. The time bomb may explode at any moment but I expect no later than Thursday, August 14, 2014, three weeks from today and Rich Heddles one year anniversary as CEO.
If I was in charge I would release both 10-Qs after the market closes on August 14 and schedule an investor update for the afternoon on August 15 after the Pancoe case is settled.
Good luck to all. I am very happy with my very, very long position.
Effective August 14, 2013 Richard Heddle became the CEO of JBI. The Q2 2014 10-Q is due August 14, 2014 three weeks from today on his one year anniversary.
The company has indicated the 10-Q for Q1 2014 will be filed "shortly". It would not be a surprise me if the 10-Q's were filed simultaneously and include the name of the national engineering firm and the nature of the agreement between the two parties. I expect the name change of the company will occur at that time, and possibly the new trading symbol and cusip effective date will be included. The appointment of some or all of the members to the Board of Directors possibly may also be made. A sale of an asset might also be announced.
All of this may not wait until August 14. It could take place at any time. The existence of extensive stock manipulation by investment banks, market makers and others is now being widely exposed. Trading volume in JBI is very low. Much of the trading reported appears to be "wash sales".
If there is a large naked short position (some here think many, many millions of shares,) the next three weeks may become a cause of very great concern for them as the overwhelming implications of the filings become apparent to all. I don't see a way out.
Additionally beyond the above, the following surfaced yesterday on the pending Pancoe lawsuit settlement.
"Based upon counsels' representations, the Court reserves August 15, 2014 at 9:00 a.m. for a Preliminary Approval hearing, with the same date and time serving as a Status Conference/Oral Argument hearing should settlement be unsuccessful, in Reno Courtroom 6 before Chief Judge Robert C. Jones. IT IS SO ORDERED."
As I understand it the settlement will most likely result in the issuance of 3 million shares of stock. That stock will be liquidated in an orderly systemic process that will take many months to accomplish. Eventually the proceeds of that settlement will be distributed to shareholders and possibly a portion donated of the funds to a charitable organization.
If the above August 14 scenario plays out the price of the stock may dramatically increase resulting in a very substantial payout to many shareholders.
The fuse is now very short. The time bomb may explode at any moment but I expect no later than Thursday, August 14, 2014, three weeks from today and Rich Heddles one year anniversary as CEO.
If I was in charge I would release both 10-Qs after the market closes on August 14 and schedule an investor update for the afternoon on August 15 after the Pancoe case is settled.
Good luck to all. I am very happy with my very, very long position.
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