JBI FAIL LIST
JBI CAN USE UNWASHED UNSORTED PLASTIC
"we operated under the premise that we would be able to obtain significant quantities of waste plastic for free...
NOW we would be required to purchase this feedstock"
Madison County...
not 'most optimal'... NO GO
What does JBII do with unwanted, unsorted and dirty plastic?
They make End-User Fuels at NEGATIVE GROSS PROFIT FUEL SALES
JBII $10M/Yr/Processor:
JBI admits in 10K that their entire premise is false.
SAIC (NYSE) VALIDATES JBII. $10M/Processor/Year:
Based on unrealistic numbers that have been proliferated by JBI.
REALITY TO MADE-UP PLASTIC VALUES:
"we operated under the premise that we would be able to obtain significant quantities of waste plastic for free...
NOW we would be required to purchase this feedstock"
TWO PROCESSORS DOING THIS NOW ONE MORE ON DECK:
NEGATIVE GROSS PROFIT FUEL SALES
FALSE CLAIMS VS. ACTUAL RESULTS:
JBI can use FREE, unsorted, unwashed plastic – FALSE
"we made the determination that in order to obtain the most optimal feedstock on a consistent basis... we would be required to purchase this feedstock"
CONCLUSION; $8.49 COST PER BARREL BASED ON NYSE SAI REPORT
Simply ANNIHILATED based on the admissions of REALITY in the 10K
JBI WILL KNOCK YOUR SOCKS OFF
JBI will also take the shirt off your back too.
SEC ALLEGEDLY INDICATED JBII IS NO SCAM, ISSUES TINY FINE FOR ACCOUTING ERRORS
But with that parking ticket the CEO got a 5 year license suspension...
never heard of having your license suspended for a minor infraction like a parking ticket
CASH FLOW POSITIVE FORECAST FOLLOWING THE HTF TRIAL
only if the HTF comes in cardboard boxes that they can recycle at a profit and prop up cardboard sales enough to offset the NEGATIVE GROSS PROFIT FUEL SALES
BOOTS ON THE GROUND REALITY VS. FALSE MATH FICTION
The oil (HTF) that had to be delivered must have accounted for half of the tanker traffic FOR DELIVERIES not fuel shipments.
NEARLY 5 YEARS AND $55,000,000 LATER
and still in startup mode
(anything I missed?)
