450 Shareholders attend JBII AGM. Plastic2Oil Production Machine Revealed.
Over 450 JBII Shareholders attended the AGM on Saturday, April 24. On Sunday, April 25, some
250 shareholders participated in the Plastic to Oil (P2O) Tour of the first Production Machine.
Annual General Meeting:
90% of JBII is owned by retail shareholders.
Many of them have devoted an incredible amount of time and energy towards helping the company succeed
John Bordynuik:
Thank you very much. We have built a culture (more so corporate character) where everyone loves to come to work everyday. It is a lot of fun and challenging to execute quickly on something as complex as P2O. We take pride in our work and how our P2O runs. Many of our staff worked on the P2O machine, irrespective of their position. Mike Moneyhan ... See Moreworked countless hours on the P2O processor to learn everything about it for P2O marine. many shareholders helped make the AGM what it was and/or build/assist with P2O. Lisa Matheson did an awesome job setting up the AGM with little notice and less than a month to schedule and execute. We don't have a "it's not my job" nonsense. We get things done well because everyone works cooperatively towards one goal. I did not have time to prepare for the AGM or the tours as I was very busy with P2O. I provided some pictures, rough timelines and outline to Lisa and Amy... they placed the pictures in a presentation and I discussed what we encountered and learned over the past year and what our strategy is. Tours were the same. Q&A answered many questions. Our AGM was a great experience. Al Soussa told me he never saw such a shareholder turn out even when horizon went to a billion dollar company (maybe 150 shareholders -- we had well in excess of 400). It's wonderful our shareholders are passionate about our company -- they own it and clearly take pride in what we all own. Shareholders flew in from Argentina, Ireland, Switzerland, Europe, across the US and Canada, China, etc... It was an awesome experience.
John Bordynuik:
JBII AGM: well over 400 people attended, will have an exact count next week. It was great to meet and talk with our shareholders collectively. I'm so thankful we have such a strong shareholder base to help take this company to the next level. Over 260 coming to P2O factory tomorrow. Thank you so much for all your support!
Humbling.
That's what this weekend's AGM was for me.
Humbling to see over 450 people turn out for the meeting.
Humbling to meet John, Jacob, Geoff, Al, Michael, Linda, Greg, Amy, and the rest of the management team and board, and discover just how bright, friendly, and motivated they all are.
Humbling to see the P2O machine up-close and running.
Humbling to see the evolution from the Blest prototype to the 20-ton machine, including all its iterations and improvements, in barely 9 months.
Humbling to see the fuel quality report posted on the wall of the P2O factory.
Humbling to hear how PhD chemists from IsleChem were themselves humbled at the results of JBI's P2O process and the efficiency of the catalyst.
Humbling to learn that there is no scrubber or filter on the exhaust of the P2O machine.
Humbling to mix socially with shareholders and JBI management on Friday for drinks at the bar; a group of people from all walks of life and all corners of the globe who believe 100% in John and this company, and who won't give up any shares for a long time to come!
And finally, humbling to see first-hand the result of all the hard work and dedication that the organizers of the AGM and P2O tours must have done in order to pull off such an large event (that was, incidentally, flawlessly executed).
There is simply nothing more to learn about JBI that will change my conviction that this is THE company of the decade. I'm all in, and thank all of you who helped me get there! Your insight has been very much appreciated. - Stu Miller
Plastic to Oil:
Small groups were bussed to the production facility where they viewed the machine in action.
Some 250 shareholders participated in the tour of the first Production Machine.
John Bordynuik explained how the process works, and revealed the LCD Control Panel
he designed to monitor the machine as it is running.
We saw the plastic feedstock that is processed, and were shown a sample of the diesel output.
For safety reasons, the observation was behind a glass window in a room next to the machine, however several people who had entered into a JV with the company got to view the machine up close and personal.
Here is one report:
For what it's worth, I got the up-close-and-personal version of the tour behind the blast wall. John turned the tap, and ... as you can expect... amber fuel poured out. It was very hot.
And very real. - Stu Miller
John Bordynuik, CEO:
JBII P2O tours: 200+ people toured our P2O factory today from 9am to 5pm. Shareholders from all over the world attended our AGM and P2O tours. I will post pictures of the AGM and P2O factory tours as soon as the photographers email them to me. I really enjoyed meeting all of you and am looking forward to seeing you again next year.
Estimated Prophet:
P2O as claimed by JBI is real, and the numbers are very conservative. This is John's destiny. His friends, family, and neighbors have always known it. John blew the presentation of P2O at the AGM out of the water. He was completely in his element as the CEO. It looked 100% natural. People will read about John Bordnyuik for 100's of years in textbooks. He has what most great people who has achieved amazing things in society have, the ability to manifest his vision. You realize that very quickly after watching John's presentation on P2O.
It's amazing to be apart of it. I always knew it was my own personal destiny to find it, eventually. The ocean refuses no river.
We witnessed a working processor. The AGM presentation informed us that the fuel is sent outside the facility in a holding tank that tankers pull up to and fill up. So, seeing the fuel coming out was probably out of the question logistically with the weather and timing. We did see fuel that had just come from the processor in a sample container. The camera guys confirmed to me that it came from the processor before we arrived. The data screen was clearly showing the processor was working, the odor from the plastic, the noise all indicated the processor was working. You don't get ready for a stack test if it isn't up and running.
I wouldn't worry about people needing proof of refinery comments. People need to learn to trust some comments, and if you can't now, you never will. I spoke with the fuel blending facility owner, and they said the fuel is highly marketable clean, beautiful fuel.
Security of the P2O Facility:
Very impressed to see armed security on the premise for the tours. It was something that I hoped we would see. Without it, it would have been a major yellow flag.
I inquired about the area the facility sits in, and was assured that the total police presence is very high in the entire area due to the adjoining industrial enterprises.
P2O Marine:
John Bordynuik
Hello Nick - without getting into any material information I believe a great strategy would be to have a small tanker (3000MT to 6000MT) so that it can service the islands. Both Rick Heddle and Michael Moneyhan agree. Initial suggestions have always been to have a small ship that can go to as many ports as possible. I wish I could say more but I can't.
Some Shareholder Responses: (From Facebook)
Bob Chick
Attended the tour. Thanks John you and your team did a first class job, You should all be very proud of your work! Thanks for giving us a glimps of the future.
Nick Sylvester
We had a great time John, everything went smoothly, informative, AGM and P2O tour. We're very excited about the future of this company, well done my friend, well done!
Brian and Holly Seburn
Great job John. It was very organized and everyone seemed pleased. Get some well deserved rest!! Holly
Dave Evans
Well done! Professional! Straight forward and to the point!
Diane Gerbert-Ballum
John, the meeting went great! Lots of information and excitement, from you, and the audience. It was great to meet other shareholders, and find out that they are just regular people like us. Thank you for this opportunity! Keep up with the great work!!! We will be there with you, every step of the way!
David Ballum
John, thank you for all you're doing. Great AGM, very proffessional. Love the work you've done monitoring and automating the P2O processor. Can't thank you enough for the opportunity to participate in a world changing company.
Stu Miller:
A flawlessly planned & executed event -- congratulations to the entire JBI team! I cannot imagine the work that went into it all! It was well worth the trip across the pond to attend, and I enjoyed meeting all the JBI management team and board members. The future is bright for JBI!!
Aaron Pickert:
It really was an awesome experience. Lisa and Amy should be commended on an outstanding job. You never would have known they had to work with such a short timeline. The fact that you didn't prepare, and gave the presentation you did is quite amazing in of itself. You knocked it out of the park!
Janice Seburn:
The first AGM was extremely well organized. Congrats to those involved. John your enthusiasm has to be contagious to your co-workers. Job well done.
Lynda Gorby: - We couldn't be more pleased with all that was done by you and your Team to make the first AGM a success. The intimacy of the tour made us each feel so special, as you took the time to answer our (sometimes) elementary questions. I feel more connected with JBI than ever! Each person (whether they held 1 share or 2.5M...) was treated with equal respect, kindness and attention to each question addressed. Thank you to all for such a warm welcome!
John Bordynuik:
You're welcome Lynda. It's all relative. Some of our shareholders have 10k shares and that is just as significant to them as millions of dollar to funds. I am happy your fund is invested.
David Moore: JBI Shareholders
Whether you attended the AGM or not last weekend, I believe it will prove to have been a game changing event. JBI has long shared its P2O business plan which is all about reinventing a known process (plastic breaks down when heated) such that a wide mix of plastic feedstock generates an output that is mainly usable short length hydrocarbons in a safe, simple, scalable and economical manner. The AGM was important not because there was anything new, but because everything that had been stated in advance was demonstrated and the P2O process automation was further along than I had expected. The full scale setup is ready for replication and the delays in IsleChem report, permits etc were, in part, because of the sheer magnitude of the improvements that have been incorporated along the way. For me this further validates the statements made by the company regarding what’s to come, and I expect each one of those to also be over delivered.
Right now we are in the calm before the storm. The technology risk in the JBI investment is now minimal and whether it takes a week, a month, a quarter or even (have to say unlikely) a year, JBI will soon be delivering P2O revenue, ramping it rapidly and getting the attention of the industry and financial markets.
Congratulations to John and the team - quite the series of accomplishments in just one year
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