As Web's World Turns

[Websman]

JBII bounced a little today. Looks like a dead cat bounce to me, as there is no real incentive for the share price to rise. Another day of no filing and JBII will become JBIIE. My guess is that JBII will go up about .20 -.30 at the market open, then drift back down to about $2. Over the next few days, I think we will the share price drift towards a dollar. Buying at this point would be foolish, in my opinion.

[Websman]

I don't want to pour salt into a wound but this should be a good lesson in taking profits when you have them. you can always reenter a stock at any point after exiting but it's hard to recoup gains once they are lost. knowing you Webs I'm sure there will be plenty of other winners. I'm hoping that they are as big as this one was at some point. you'll be ok. I'm may sound like I'm preaching to you but believe me I've been in the same boat more than once. it takes a situation like this to learn and understand. at least you didnt lose any money. I'm sure you still did well.

Preach away brother Ski...You're absolutely correct. Although I made a few hundred percent in gains, I could have done better. I am sitting on a 240% gain on another penny stock so the winners keep coming in. I may consider JBII again, after it goes below a dollar.

[Websman]

Ski I had entertained thoughts about getting back into JBII....but there just seemed to be so many mysteries, and I did not want to lose the profits I had made.
My advice for all those still hanging in there ......bend over grab your ankles and kiss your as* goodbye!
LOL!

I agree...There are too many red flags right now...

[Peter Hansen]

I was serious about getting back in at the $3.50 range before that news item came out about the accounting firm quiting on them. that was a Godsend for me anyway. here's the weekly chart and how i feel. I don't want to pour salt into a wound but this should be a good lesson in taking profits when you have them. you can always reenter a stock at any point after exiting but it's hard to recoup gains once they are lost. knowing you Webs I'm sure there will be plenty of other winners. I'm hoping that they are as big as this one was at some point. you'll be ok. I'm may sound like I'm preaching to you but believe me I've been in the same boat more than once. it takes a situation like this to learn and understand. at least you didnt lose any money. I'm sure you still did well.



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Ski I had entertained thoughts about getting back into JBII....but there just seemed to be so many mysteries, and I did not want to lose the profits I had made.
My advice for all those still hanging in there ......bend over grab your ankles and kiss your as* goodbye!
LOL!

[B.J]

Props, Webs, for getting out on time. Sorry to those who did not.

[skiracer]

I can't complain about my JBII gains, but had I listened to Ski, I could have made more.

Ok Ski...JBII closed at $1.60 today...Where do you think the bottom will be? I'd be interested in hearing your thoughts.

I was serious about getting back in at the $3.50 range before that news item came out about the accounting firm quiting on them. that was a Godsend for me anyway. here's the weekly chart and how i feel. I don't want to pour salt into a wound but this should be a good lesson in taking profits when you have them. you can always reenter a stock at any point after exiting but it's hard to recoup gains once they are lost. knowing you Webs I'm sure there will be plenty of other winners. I'm hoping that they are as big as this one was at some point. you'll be ok. I'm may sound like I'm preaching to you but believe me I've been in the same boat more than once. it takes a situation like this to learn and understand. at least you didnt lose any money. I'm sure you still did well.



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[Websman]

I can't complain about my JBII gains, but had I listened to Ski, I could have made more.

Ok Ski...JBII closed at $1.60 today...Where do you think the bottom will be? I'd be interested in hearing your thoughts.

[skiracer]

welcome back karel. hope you had a very nice vacation. I sold my first trade at $7.05 and the 2nd trade around $7. you must take those gains when you have them. the problem is that most people keep thinking that if they exit then the stock is going to go up further without them but then it drops after everyone else takes their gains and those that didnt realize that they let those gains get away again and have to settle for a loss or a much smaller profit. i've been there and done that a number of times but no more. i learned my lessons. not to be greedy, not to wish in one hand and shit in the other and see which one fills up first, and if your up 200/300/400 % or maybe 2000 or 3000 % you had better be happy and take the bird while it is in your hand.

[billyjoe]

I got lucky. Sold out at 2.65. Before it had been low as 1.50 and now it's 2.00 so my lesson has been learned............again.

----------billy

[Karel]

Oops, that is not nice news after a nice vacation. I just sold my remaining position in JBII for a 30% loss, but my "profit cushion" was big enough for a 35% gain overall. So no tears here.

Regards,

Karel

[Websman]

John has yet to provide an explanation...I would imagine that he is having a very stressful weekend. I'm sure that I'm not the only investor that has lost confidence in John this week, and I'm definitely not the only one that took profits and ran. I also thought that announcing a $180K salary while the stock was dropping was in very poor taste.

Considering that JBII closed near the low of the day on high volume, I would expect the selling to continue next week, until the share price hits a dollar...or even less. The OTC market has a way of punishing CEO's that screw up.

[billyjoe]

River,
JBII and John always took pride in the faith their families and friends took in the business. Surely John would do nothing to jeopardize that trust, yet the private placement of nearly 2 million dollars worth of stock at $4/share to mostly those same family members and officers will probably have lost 50% or more of value by Monday. I'll be reading John's posts on facebook the next few days for his explanation.

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

[riverbabe]

River,
I find it hard to believe that JBII and all its components, if totally legit and ground breaking with a successful P2O strategy, would go down the toilet even with accounting irregularities. Something else is also not kosher.

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

Billy, I agree about the "something else." Don't need JB's 170 IQ to use my nose. Please note that he does not identify himself as CEO of JBII in this post. And he omits mention of Pak-It. This is not the first time that the phrase "delusions of grandeur" has crossed my mind, knowing all we know about the company from doing our own DD. But .... it's a soap opera .... and amusing only if one has no stake in it.

But congrats to all who made big money on it. It was a beautiful momentum stock there for a while.

[billyjoe]

River,
I find it hard to believe that JBII and all its components, if totally legit and ground breaking with a successful P2O strategy, would go down the toilet even with accounting irregularities. Something else is also not kosher.

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

[riverbabe]

As JB's world turns...

The latest post from JB on InvestorsHub:

Auditor Questions Answered:

When I acquired 310 Holdings Inc, Moore & Associates was the
auditor. Our securities lawyer at the time, Joe Emas, advised us not to
change auditors as the original owners had done so often. We did our DD on
Moore and found them to be basically a "shell" auditor and we would
eventually have to change them. Gately & Associates audited the acquisition
purchase of JBI as it was a straight forward sale. We barcoded every asset
and built a highly detailed asset ledger so that we were prepared to retain
a large firm after we got a couple of acquisitions complete. There was no
point in hiring one of the big 4 at that time and paying several hundred
thousand per year in auditing and quarterly reviews until we were further
along to warrant that. As you'll recall, Moore's left with little notice and
misrepresented why they could now longer audit. Seal's was just as
problematic so we used Gately and Associates to perform the review until we
retain one of the big-4.

We are now interviewing those firms now and looking for a CFO and will
release news soon about our decision. We are proceeding carefully as the CFO
must be a good fit and so must the firm. We are obviously looking in Boston
and need a firm with specialists in Oil, Gas, Technology and M&A. Due to the
pending chemical company acquisition, other acquisitions already in the
queue, the P2O which is proceeding well, and the tape business, it is now
the right time to retain one of the large auditing firms. Things are moving
very quickly -- while it looked like we could use a small auditing firm for
at least a couple of quarters during this transition, retaining a large firm
is a high priority now. I am flying to Boston next week to meet with one.

Regards,

John Bordynuik
CEO
310 Holdings Inc