Stock Chart

JBIIE.OB - Just a quick thought for short:

04/28/2010 07:01 PM by avoidthegarbage

This one has been kicked around quite a bit by many so I'll spare the diatribe.

Shorting this would be hard to do currently as a .OB but company is looking to uplist.

Simple thought is there was a rather large PIPE done at only 80 cents per share less than a year ago.
The stock is over $5 now.

When these PIPE shares become unrestricted, it sure seems like there's a healthy chance to see these PIPE participants taking profits.

Think the shares come off restriction around Aug this year but not certain.

Could be an idea in a couple months so putting the seed out there now.

Rating:
5

Submit a comment

In order to comment please sign in.

  • 04/28/2010 08:28 PM by Hesperian

    I think you're right about this being a good short if it ever uplists. PIPEs are what made me hate OTCBB stocks. They don't change when they uplist either. Once a dilution machine, always a dilution machine.

    It didn't take too long for me to realize the OTCBB is just a big suckers game where everyone profits except the retail investor. Hype a company up with fake or embellished profits, walk the PPS up with timed trades, get Pope or somebody to herd the accredited investors to the feeding trough, then announce some toxic financing convertible at a price way under the PPS. I really don't know why people stick around in this space, unless crossing over to the dark side as a paid pumper.

    Rating:
    4
  • 04/29/2010 07:03 PM by Dave Pinsen

    I didn't realize, until I got a iHub message from one of them, that a couple of the VBDG pumpers are also pumping JBII. That's another red flag for longs.

    Rating:
    5
  • 05/22/2010 02:34 PM by avoidthegarbage

    Things continuing to unravel at JBII, now having to restate financials.
    Not only that, looks like they placed a PIPE just before filing the non-reliance on financials with the SEC.

    Rating:
    5
View All JBIIE.OB Posts
© 2009-2025 Launching Innovation LLC. A simple and effective website by Simande.