"Zardiw" opines on JBII progress

I'm sure any number of people here could do a way better job than the current CEO of JBII right?. Everyone seems to have the right answer huh? But the problem is that we're all guessing in the dark. We have no idea what these decisions are based on. And it's SO EASY to Monday Morning QB isn't it. Woulda, shoulda, coulda.......

Bottom Line is that John makes the best decisions he can. And he's not in control of any number of factors that have an effect on these decisions and their eventual outcome.

So all we can do is read between the lines.......some people read one story, and others read another story....but neither one of them is based on actual facts, and so neither one of them is necessarily true.

I'm chosing to read that he believed that Withum could do it in time .......they didn't......and that does NOT mean a bad decision was made.....just that the outcome didn't pan out.....

Bottom line is what does it matter really? The only thing that really matters is the company follow through on their business plan......production, revenues........and that EFFING PERMIT....

Embracing the Pink OTC Market Model:

Some thoughts on JBII regarding being on PinkSheets:

Opinion by Timothy J. Keating
“The OTCBB is now terminally ill; the faster that FINRA pulls the plug better.”
Previously in this column, we had noted that in 2001 there was an average of 306 market makers quoting prices in stocks trading on the FINRA operated Over-the-Counter Bulletin Board (OTCBB). That number had dwindled to 199 at the end of 2008 and 160 at the end of 2009. As of April, the number stood at 135. There are now some 51,127 priced market maker quotes on Pink Quote vs. 9,615 on the OTCBB.

The OTCBB is now terminally ill; the faster that FINRA pulls the plug the better.

Meanwhile, back in the land of free markets, Pink OTC Markets, Inc. (www.otcmarkets.com), the operator of the Pink Sheet quotation system, has been trail blazing a new model. Mind you, this is not your father's Pink Sheets. Much has changed, and Pink OTC Markets is now the standard bearer for over-the-counter trading in the U.S. In fact, there are only 53 issues exclusively quoted on the OTCBB with the vast majority of over-the-counter securities (80%) being quoted on Pink OTC Markets.

The company now operates the leading electronic interdealer quotation and trading system in over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, where nearly all reporting issuers are now quoted, and the speculative Pink Sheets marketplace, where non-reporting companies are quoted. These three tiers constitute the third largest liquidity pool for trading public company shares, after the Nasdaq Stock Market and the New York Stock Exchange.

We embrace and support this model for the simple reason that we are unqualified advocates of free markets, including and especially markets for equity securities.

Pink OTC Markets is to be commended for its transparency and rational segmentation of its diverse market place. For example, in the Pink Sheets segment of the company's Web site, comprised of non-reporting companies, there is:

A "Yield" sign to warn investors that limited information is available for 737 securities;
A "Stop" sign to warn that no information is available for an additional 3,514 securities; and
A "Skull and Crossbones" to further identify those 26 securities for which the display of quotes has been discontinued because of a range of questionable or suspicious activities.


Surely in this era of failed regulation and ubiquitous access to information, that is all the information necessary to help investors understand the risk profile of certain categories of publicly traded stocks.

Capital formation can only occur when investors are willing to provide speculative "risk" capital to fund new ideas and businesses. Liquidity is the grease that makes markets work efficiently and which, in the case of public issuers, can lower the cost of capital by as much as 50%.

The "flash" crash of May 6 demonstrated that there can never be enough liquidity in the marketplace. This is especially true for the world of micro-and small-cap stocks, which provide investors with the opportunity to participate in the exciting, albeit risky, world of growth investing.

Pink OTC Markets has demonstrated clearly that its market-based approach to equity trading can and does work and is superior to any scheme crafted by regulators. As two obvious next steps, we need to get the regulators out of the world of equity research and credit ratings so that these markets can also evolve and thrive.

z