As Web's World Turns

[mrmarket]

Destin is amazing. I gakked in a bar there once.

[Websman]

JBII AGM video....

http://events.startcast.com/events6/426/C0001/EventContainer.aspx

[Websman]

HAHA! I love making money!

[dmk112]

HAHA! I love making money!

did you cash out on JBII?

[skiracer]

did you cash out on JBII?

My own thoughts are that JBII will see $3.50/3.75 before it sees $5 again. I wish that Webs would have maxed out on his position at above $7 when he had the opportunity. i would buy again at the $3.50 level.

[Websman]

did you cash out on JBII?

Nah....I suck at timing trades. I'm holding JBII for much higher gains. I won't say what kind of returns I've had this year, but it's mindboggling to me. JBII is not my only trade...I'm up about 421% on another stock, but I can't mention it here, because of the fact that it's a penny stock.

It's actually best that I don't talk about penny stocks on here, because of the huge risk involved. Most people who buy them lose thier butts...I'm making money because I know how to play them.

[billyjoe]

My own thoughts are that JBII will see $3.50/3.75 before it sees $5 again. I wish that Webs would have maxed out on his position at above $7 when he had the opportunity. i would buy again at the $3.50 level.

Ski,
3.50 is here. It doesn't look good for JBII. They were supposed to be reaping the fruit of their P2O rollout from the shareholders meeting. Nobody seems to have been impressed. I'm bailing soon if this drop continues.
Is this drop a response to them firing/changing auditors?

-----------billy

[Websman]

The auditor change was good for JBII. I'm not worried about the drop in share price...P2O is about to roll out.

[billyjoe]

Webs,
What's with these wild price swings on JBII?

-------------billy

[Websman]

Webs,
What's with these wild price swings on JBII?

-------------billy

It's typical with an OTC stock. That is why JB is wanting to get uplisted.

[billyjoe]

Webs,
At 3.40 it's hard to be optimistic. I think JBII's best days are in the past.

-----------billy

[Websman]

Webs,
At 3.40 it's hard to be optimistic. I think JBII's best days are in the past.

-----------billy

True, the share price is taking a beating, but the business is still rapidly progressing. I believe things will turn around very quickly when investors see how much revenue P2O produces. Each processor should net about $50,000 per week/$226,720 per month/$1,178,440 per year. This is an extremely conservative estimate as each processor may produce up to 400 bbl per day and not the 109 these estimates are based on.

So, taking a middle of the road number of 200 bbl per day and only 300 operating days = 60,000 bbl per year x $65.00 per bbl = $3,900,000 per processor.

If they plan 6 processors for the NewYork facility that's $23,400,000 for just this 1 site.
90 processors in Florida = $351,000,000

[billyjoe]

Webs,
It sure seems those numbers are possible. When do you think preliminary figures will be in for the first production?

---------billy

[Websman]

Webs,
It sure seems those numbers are possible. When do you think preliminary figures will be in for the first production?

---------billy

The numbers are too big for my redneck brain to comprehend...jejeje...

Seriously...I don't know.

[Websman]

JBII.... Todays 8K explains why JBII changed accountants. This raises concerns for me. I will be watching JBII closely, and will take profits if something doesn't give soon.