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JBII.PK - JBII.PK another 52 week low.

12/02/2010 11:15 PM by avoidthegarbage

OK so this is pinksheet and probably not easily shortable. Nonetheless the cash burn rate on this one has me thinking it is worth far far less than the current market cap with or without a processor or three. The market seems to be slowly realizing this, as the company continues lower even with the substantial market rally this year:

http://finance.yahoo.c...


By my calcs they should be almost out of cash given their operational cash burn the last few quarters and given their depleted cash levels in the last quarterly report. Looks to me like they'll need to raise more money yet again one way or another pretty soon.




Rating:
5

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  • 12/04/2010 06:49 AM by Dave Pinsen

    The obvious question that strikes me about JBII's plastic-to-oil idea is that if such a process were commercially feasible, why hasn't a company like XOM developed it? XOM has a plastics division, and it also has scientists conducting research into alternative sources of fuel.

    Rating:
    4
  • 12/16/2010 11:36 PM by Dave Pinsen

    Big spike for JBII today.

    Rating:
    4
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