I am not an accredited investor. Just a normal person that likes to invest when he sees potential, like I assume most of you are.
I am a mortgage manager for a CDN bank and actually heard of the PIPE shares from a client of mine.
It is true, you can not sell for 6 months
Posted by: slowdown Date: Sunday, December 20, 2009 6:00:54 PM
In reply to: None Post # of 60270
has anyone heard of these shares being available at $.80/ share if you are locked in for 6 months?
siliconinvestor.com
Posted by: stevemp Date: Sunday, December 20, 2009 6:27:07 PM
In reply to: slowdown who wrote msg# 15603 Post # of 60270
Yes, it's the PIPE and I believe it is closed now.
Was used to pay pakit and javaco debt and also fund initial rollout of P2O
siliconinvestor.com
Posted by: slowdown Date: Sunday, December 20, 2009 7:58:00 PM
In reply to: stevemp who wrote msg# 15604 Post # of 60270
I understand it is still open until 4:30 tomorrow ( Monday ).
siliconinvestor.com
Posted by: stevemp Date: Sunday, December 20, 2009 8:18:57 PM
In reply to: slowdown who wrote msg# 15606 Post # of 60270
Ah, thought it was closed on friday.. your probably right about monday.
siliconinvestor.com
Posted by: slowdown Date: Sunday, December 20, 2009 8:00:38 PM
In reply to: TaylorU who wrote msg# 15605 Post # of 60270
I believe there is a minimum purchase of $10,000.00
siliconinvestor.com
Posted by: stevemp Date: Sunday, December 20, 2009 8:28:18 PM
In reply to: ksilva who wrote msg# 15610 Post # of 60270
I believe you contact the JBI office directly in order to buy those shares. Give them a call early Monday morning to find out if it's still open.
siliconinvestor.com
Posted by: BeerIsGood Date: Sunday, December 20, 2009 9:10:24 PM
In reply to: stevemp who wrote msg# 15611 Post # of 60270
Here is what I have heard and read. Originally the PIPE was scheduled to close 12/21/09 or sooner if filled. I do not know if it filled. Also, you must be an accredited investor to get in at the minimum investment of $10,000. There were spots available for non-accredited investors but that minimum was $250,000. The shares received from the PIPE investment are non-tradable for 6 months.
The $.80 per share price was when the stock price was around $1 - $1.10. I do not know if that is a fixed price or a variable price based on current JBII stock price at the time you invest.
Call JBI, Inc and let us know what you find. GOOD LUCK!!
siliconinvestor.com
Posted by: Troy-- Date: Sunday, December 20, 2009 10:57:01 PM
In reply to: BeerIsGood who wrote msg# 15612 Post # of 60270
I picked up 25000 shares at the .80 pipe offering on Friday.
The office on Portage Road in N.Falls was quite busy with traffic in and out - folks signing papers and picking up certificates for their shares.
I talked to Bob Molydina (sp?) at the JBI offices earlier in the week and he mentioned Friday was the final day of purchase for them... but might still be worth a call to the office monday morning to confirm for yourself.
siliconinvestor.com
Posted by: BeerIsGood Date: Sunday, December 20, 2009 11:00:34 PM
In reply to: Troy-- who wrote msg# 15613 Post # of 60270
EXCELLENT DEAL FOR YOU, I am JEALOUS! I assume you are an accredited investor?
How did you here about the PIPE?
Can you trade the shares after 6 months?
Posted by: Troy-- Date: Sunday, December 20, 2009 11:25:02 PM
In reply to: BeerIsGood who wrote msg# 15614 Post # of 60270
There are a few questions my last response didn't address.
I am not an accredited investor. Just a normal person that likes to invest when he sees potential, like I assume most of you are.
I am a mortgage manager for a CDN bank and actually heard of the PIPE shares from a client of mine.
It is true, you can not sell for 6 months
siliconinvestor.com
Posted by: BeerIsGood Date: Sunday, December 20, 2009 11:28:49 PM
In reply to: Troy-- who wrote msg# 15622 Post # of 60270
By sec law, there can be only 35 unaccredited investors in a PIPE and from what John B. himself told me, you had to be an accredited investor if investing under $250,000. So the PIPE details must have changed. Great for you. If I had known you could get shares as a non-accredited person, I would have done that instead of buying on the open market.
siliconinvestor.com |
