Just returned from AGM - nice turnout and professionally conducted - Amy MC'ed.
Ms. Valdez was impressive and indicated that major new contracts have been signed and revenues are turning a corner - they more than doubled the same period last year.
CFO provided financial report which everyone knows about. Hopes it's not necessary to have another Private Placement.
Pak-it has some great ideas and the infomercials are to commence as soon as the automated line is complete - which they anticipate will happen within the next 30-60 days. The reason they have not started already is that some of the machinery they need is slow getting to them. They are geared up and ready to go out to an audience of 470,000,000 people. China is on line with Pak-It and they expect huge revenues from there in the near future.
Florida is working in parallel with New York and they are working hard on permits and feed stock nation wide. They have 2 congressmen who are extremely exciting with the P2O prospects.
John is an excellent speaker - it not a written speech - off the cuff and never missed a beat. Islechem was extremely skeptical at first - or yeah, here we go again, type of attitude. Within a short time they were very excited with the results they were using some very descriptive adjectives when telling John their astonishment. Their assistance in design and engineering has been extraordinary.
JBII has signed a contract with URS to assist with Licences & Permits nationally and internationally.
Pictures of the prototype were shown at Islechem – unbelievable the number of tubes in and out of different places to test different aspects of the process.
The 20 ton is pretty impressive and the parts needed to make the processor can be made locally (JBII will machine their own piece that relates to the area for the catalyst).
Uplisting – they are at the mercy of the process – all questions have been answered and they will continue to pressure them for a decision. You won’t believe one of their concerns – they’ve never seen anyone return 31 million shares to the treasury – they’re not sure why anyone would do that so they’re trying to figure out whether this is a negative in some way – unbelievable.
In a word – EXCELLENT.
