and along came JB and the rest is history.. Wit

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and along came JB and the rest is history..

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With the history being:

First JB tells the world that he is *already* making oil for a total cost of $10/bbl and selling it slightly below market prices for +85% profits.

Then he collects tens of millions of dollars from suckers who believe his story.

Jump ahead six years. Company has never made a single penny in profit; on the contrary, they've blown through $68M and are now insolvent.

No mention for several years now of JB's $10/bbl oil and the outrageous profits. New genius plan: selling the machines that have resulted in massive losses. Surprisingly, nobody is buying.

Gosh, what happened?