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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: 1Coffeehound who wrote (1873)	8/14/2010 1:35:31 PM
From: scion	Read Replies (2) of 53574

JBII - JBII still a proven money-losing mess... 08/13/2010 10:52 PM by avoidthegarbage The company has now reported their last 2 quarters showing a loss of over 9 cents EPS? I can't remember how many posts I had read in the past with 'pumpers' talking about the company being able to be almost immediately profitable with all their acquisitions... OK, when? Not yet... At their current cash burn rate they will probably need to do another financing soon or continue to issue shares for compensation and paying bills. The CEO I think paid $80,000 for over 40 million shares in 2009 with the reverse merger. The current share price is over 70 cents... Guess who is the winner winner chicken dinner? Not the guys buying over $7 a share less than a year ago. Me thinks maybe the CEO paying less than a fifth of a penny per share for over 40 million shares? No wonder this kind of stuff is prevalent in penny land. I think this one goes much much lower in the coming years. 08/14/2010 12:09 AM by Dave Pinsen Thanks for the update on this one, Avoidthegarbage. BTW, for those new here, Avoidthegarbage first mentioned JBII as a short candidate here when it was trading at about $5 per share ( shortscreen.com... ). shortscreen.com

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