Or we can focus on something real like what the company was actually up to and announcing in April 2011. Do you think "April's *still* record setting volume had anything to do with the below JBII/PTOI announcements being made to shareholders and potential shareholders. Wasn't April 2011 a busy month for JBII/PTOI?
1.) Pumped a Letter of Intent for 144,000 Gallons/Week
The confidential party named in the letter of intent has the capacity and interest to purchase up to approximately 144,000 gallons of naphtha per week, as it is available from JBI, Inc., at comparable market rates for such naphtha - rates that fluctuate similar to any other commodity. The sales agreement is expected to be signed in April, 2011.
2.) Pumping RKT before the eventual JBII/PTOI & RKT Press Release
On April 14, 2011, after much discussion and exchanges of drafts, the Company received what management believes is a final referral agreement with a large company that has a significant number of material recycling facilities and high volume waste plastic streams. The contemplated referral agreement provides a framework for the other party to introduce JBI to their clients who produce plastic feedstock to leverage JBI’s Plastic2Oil™ process. The referring party would be paid a fee based on Plastic2Oil™ fuel produced from plastic feedstock which JBI is provided at no cost from the client. At this time no definitive agreement has been executed and it is possible that the Company and the other party may not finalize a definitive agreement.
JBI has been negotiating Joint Venture agreements with both the aforementioned company and one of its customers. These companies have sent in excess of 141,640 lbs of waste plastic to date. This plastic was processed and evaluated for qualitative and quantitative analytical data. Over the last few months, JBI has met with executives and representatives from these Companies at their respective locations and our Plastic2Oil factory.
The contemplated structure of a Joint Venture with JBI is:
*JBI will build and operate a Plastic2Oil processor at the source of the plastic waste.
*JBI will receive plastic waste at no cost.
*JBI will share in the revenue from the sale of fuel generated by the machine, 80% / 20% (JBI receives 80%).
*As JBI staff will operate the process, JBI will assume all risks.
*JBI continues in discussions with these companies; however, finalization and execution of these agreements are subject to a number of conditions including, due diligence by each of the parties, negotiations and execution of a definitive agreement; and that there can be no assurance that either the proposed agreements or the transactions contemplated by these agreements will in fact be consummated or, if consummated, that the terms and conditions will not be changed.
3.) John Bordynuik, JBII/PTOI CEO, on BNN 'The Pitch'.
With highlights, at the time, bulletted by who I believe to be Hans Brost, the CEO of Plastic2Oil Palm Spring. Bordynuik couldn't get a penny out of the Shark Tank-like investors. And if I remember correctly, didn't one of the investors say that Bordynuik sounded "too good to be true" or something along those lines?
. $587K/processor
. $2-3M RD costs
. Being inundated with requests to bolt down machines at high waste plastic feed sources
. Process is Green. Emissions less than a gas furnace
. Filing prospectus with TSX next week
. Filing 5 patents on the process
. Upgraded to an accounting firm that can file both Canadian and US.
. Agreements gone through legal with a large cardboard recycler that generates a huge amount of plastic. 30 Tons/day.
. Make spec fuel. Comes out of the machine that way. Directly to commodity price.
. Sales this week.
. Filling tankers now.
. Revenues Q2
Host: John, when would you hope to start posting sales?
JB: Now. This week.
Host: Actual revenue?
JB: We’re filling tankers at the site now.
Host: What about SERIOUS CASH flow?
JB: SERIOUS CASH FLOW – you’re looking at a quarter out, really. So you’re looking at Q2.
Its amazing how years later there are still such distractions attempting to shield shareholders from who the company is, where they are and why there are where they are.
So, we're to ignore everything that was actually coming from the company in April 2011 and focus on what again when referencing April 2011's *still* record setting volume??? To ask the question again, whats the other theory behind April 2011 record setting volume that ignores the verifiable pump machine that was/is JBII/PTOI executive leadership?
This was an April 2011 Bordynuik quote was it not???
"JB: SERIOUS CASH FLOW – you’re looking at a quarter out, really. So you’re looking at Q2."
Pumpidy pump pump (singing like thumpidy thump thump)..
I post on stocks that I invest in only.
