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To: scion who wrote (1518)7/26/2010 6:38:00 PM
From: scionRead Replies (1) | Respond to of 53574
 
Shorting of JBII Shares

John Bordynuik Jim, JBII can and is being shorted. It was short sold at $0.16. Canada allows the short selling of OTCBB stocks. I know this because I have a margin account and am able to short penny stocks. uplisting will assist because naked short selling will be exceptionally difficult on the AMEX and the NYSE will be on top of any shorting. Click on short interest: pinksheets.com
January 4 at 10:04am


Steve can you comment on the number of short shares? and has any person or company approached JBI to resolve this issue?
December 21, 2009 at 9:27am

John Bordynuik With an uplist the short issues go away. I can say I have learned a heck of a lot in this process. On this exchange, market makers (i have been advised) will sell the stock if they think the company is a scam and then cover it weeks later when the P&D is done. I was advised that a MM thought the NASA, etc.. was too good to be true and shorted (summer last year). They obviously didn't bother to check NASA's website. You can probably figure out which MM had to cover last week... I can't verify the absolute truth of this and non of this information came to me because I am an insider so I don't mind posting it. In the next week, IMO, I believe the 100 share seller is that MM. I'll request DTC logs and check things out.
December 21, 2009 at 9:48am


Keepon Rockinme John I certainly would not want to be short this stock ,given the explosive nature of near term events/ catalysts. Certainly uplisting will generate more exposure.
December 21, 2009 at 10:02am

John Bordynuik Well, some broker will be out of a job in NJ.

siliconinvestor.com
December 21, 2009 at 10:07am



To: scion who wrote (1518)6/8/2011 10:06:49 AM
From: SteveFRead Replies (3) | Respond to of 53574
 
"I am not allowed to change the price of stock once it is drafted and distributed in a private placement memorandum"
- CEO John Bordynuik's Facebook page (Dec 2009)

But what stops him from consummating an underpriced PIPE early, changing the price in the "private placement memorandum" and distributing it as a new offering? Honest John just cost his shareholders about $10 mill in equity by letting 6.5 mill shares go at a 77% discount to market.

siliconinvestor.com

John Bordynuik: I am not allowed to comment on the PIPE. I can state (as stated in the PR) that shareholders have not been diluted as a result of financing. As well, I am not allowed to change the price of stock once it is drafted and distributed in a private placement memorandum
December 21, 2009 at 12:14am