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To: scion who wrote (3303)	11/24/2010 9:30:54 AM
From: scion	Read Replies (1) \| Respond to of 53574

...Johny doesn't know how to run a company. He had no real business before he leveraged Javaco and Packit. Oh ya, that's right he had the tape reading business that financed Javaco and Packit PURCHASES, NOT!(The tape business was and still is all smoke and mirrors) DoubleO7 Share Wednesday, November 24, 2010 5:42:23 AM Re: BRIG_88 post# 78320 Post # of 78361 Think about it! John uses people then dispose of them and or they figure out he has no business skills or ethics and they resign. 1. Take for example, all the board members that resigned. WHY? 2. Javaco - Judy V. Why? 3. Florida team - Weber, Shoemaker, Haber and Kaplanis WHY? 4. Pakit team - Seneca, Paris, Wiley, 14 employees they laid of yet had to hire 14 temp workers the next day (no savings there) WHY? 5. 500 Technology Drive - Rui Gauma - More wasted money spent, never read one tape out of there even though Johny promoted they were reading tapes at that location. He actually shipped non working tape machine and skids of tapes so they could get pictures for the web site. MORE SMOKE AND MIRRORS. WHY? I tell you WHY, Because Johny doesn't know how to run a company. He had no real business before he leveraged Javaco and Packit. Oh ya, that's right he had the tape reading business that financed Javaco and Packit PURCHASES, NOT!(The tape business was and still is all smoke and mirrors) I heard it was the Florida team that raised all the money to buy themselves out because JB could not raise enough on his own. They even gave Johny a 90day extension to come up with the $$$$$ BTW, I also heard Katie's coming down to run Pakit, Jacob is next to go! he was only there to be a hatchet man. More facts to come later siliconinvestor.com

To: scion who wrote (3303)	11/24/2010 3:42:10 PM
From: scion	Read Replies (1) \| Respond to of 53574

Well, I guess I was reading into what you were saying, and perhaps wrongly, but I believe that I was dead right about what I was saying regardless. I have read a number of posts on the lawsuit and the emails and as far as I am concerned they are damning. Here is the key passage(s): the big guy Share Wednesday, November 24, 2010 2:59:42 PM Re: Johnik post# 78327 Post # of 78450 Well, I guess I was reading into what you were saying, and perhaps wrongly, but I believe that I was dead right about what I was saying regardless. I have read a number of posts on the lawsuit and the emails and as far as I am concerned they are damning. Here is the key passage(s): "UBS (VP Investments) and UMB Bank Fund managers and analysts have advised that this might be the next Henry Singleton and UBS is on the market makers because they believe we are the best stock going. ... I have been doing the public market strategy which is working. I will continue to bring the market price up but we'll need earnings behind in the short term to keep the momentum with the market. I can keep us a 1000x multiple with perfect execution of P2O. I need other acquisitions to build a floor on the stock. .." OK, let's forget about fancy language about "maximizing shareholder value". Leave that to the business schools. It means nothing for JBII anyway. Here is my definition of maximizing shareholder value; laying good people like myself and several others off when a recession hits regardless of the fact that they are people with lives, kids, mortgages, etc. And in an environment where working 110% was viewed as just normal. And of course the share price affects certain things like ability to obtain financing and debt/equity ratios. It is important. I took Corporate Finance and the only thing I learned for sure is that everything affects everything else, and no one thing is important in and of itself. Therefore the only thing that really matters is the line item entitled (Earnings Per Share (EPS)). I have to have a really good reason to investing any stock that is not breaking even or close. The passage above pretty much states that: - he will maintain as high a multiple (1000x) as possible on expectation, not delivery. That is promotion. - he is using MM to bring the market price up. That is stock price manipulation. - earnings are viewed as secondary, after the fact. That is poor planning and irresponsibility to investors. - acquisitions are viewed as simply being accounting entities to give some kind of earnings "floor" to the stock price. That is bad management. I have seen hi-tech companies being bought for their customer lists. That is barely enough reason, certainly not synergy... but to buy a company for it's ... contacts??? JB needs to buy few lunches and hire a sales force. So, note that I am the one who came out and criticized Janice Shell for referring to JB as a "stock promoter". That is because I view stock promoters as people who work in boiler rooms manning telephones calling people in their homes attempting to sell a stock, which will only go up ST way beyond it's intrinsic value and net some front-loaded pumper with easy money. Well, I have changed my mind. Janice was right on the money. All JB cares about is getting that money to fulfill his personal visions, and unfortunately he does not know what he is doing. In putting stock price first in order to raise money by whatever means necessary, he is nothing but a stock promoter. Remember his words at the AGM presentation? From the video: " we will proceed (sic) with whatever YOU fund". His words were that or close. In other words, all he wants is investor's money. Your money. What has JB accomplished? First of all, he told a fantastic tale about tapes where he represented that he would have a cash cushion to allow him to make P2O a commercial success. That expectation, plus his "Public Market Strategy", resulted in a PPS which enabled him to generate cash through a PP. He has used that cash to build a prototype in a year and spent 7M, and is currently looking for new funding. That is promotion with no concern for the investor, not execution. There is no success here. No working plant. Not yet, not without further funds. So, Johnik, this is not directed to your personal posts and all of your threads... that is my opinion on recently released emails and the lawsuit. siliconinvestor.com