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Below is a list of today's twenty-five most distressed stocks (according to their Altman Z-Score or Z''-Score, respectively) with a share price of $5 or higher. For details on how this ranking list is compiled, please click here.
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JBII.PK - JBII.PK another 52 week low.
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.
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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.
Big spike for JBII today.