InvestorsHub Logo
Followers 1182
Posts 134793
Boards Moderated 3
Alias Born 08/27/2003

Re: Lites2014 post# 156492

Thursday, 01/12/2012 8:45:49 PM

Thursday, January 12, 2012 8:45:49 PM

Post# of 312049
"It comes out looking like olive oil. It's really nice." ~~Larry Sitzman, New York State Department of Environmental Conservation, commenting on JBII's fuel

FICTION:

"...very ambiguous as to whether the P2O sales refers to products from his P2O process, or from the “P2O division.” JBI's P2O division also houses a previously defunct “blending facility” purchased by JBI from a friend of Bordynuik's family. Blending businesses routinely obtain third-party fuel, blend in additives and then deliver that fuel. It seems quite possible the “petroleum distillate” was purchased and resold without any ties to the P2O process itself. Bordynuik himself provides no clarification on this important and material subject."
~~SA article

REALITY:

"...revenues of P20 include fuel sales from the conversion of waste plastic at the Niagara Falls, New York facility..."

http://www.sec.gov/Archives/edgar/data/1381105/000121390011006335/f10q0911_jbi.htm (his own link he cites, page 27)

Raw

Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.

http://investorshub.advfn.com/boards/board.aspx?board_id=1781