Plastic2Oil Inc (PTOI)

[umiak]

Here are a couple links about viewers of Discovery Channel.
One talks about a program, unrelated to JBI with over 3m views per episode.

The other
talks about the demographic and volume that visit their website.
The JBI segment, at a minimum, was seen by 100s of 1000s, if not
millions.

http://m.examiner.com/tv-in-indianapolis/gold-rush-alaska-makes-return-to-strike-it-rich-with-viewers

http://www.discoverychannel.ca/Article.aspx?aid=16861

[Fishin' Canuck]

That 'suburb' is in a lot better financial position than your good ol' US of A.

The Discovery Channel in Canada has many, many viewers. It is one of the top channels of people I know. Daily Planet is a show many here watch to see what is going on around the country/world.

[Stock]

Aren't you a fan of copyright law?

Do you think that someone who doesn't like you personally TOS'd your stolen video on YouTube?

Or do you think that somebody shorting the stock TOS'd your stolen video on YouTube?

[5dollars]

You don't say. Shocking really.

[Fishin' Canuck]

lol

I don't believe we need luck...

[scion]

"JBII on Disc..." This video is no longer available due to a copyright claim by CTVglobemedia Inc..

Sorry about that.

Looks like *persons unknown* have been busy:

[Zardiw]

Looks like *persons unknown* have been busy:

Dear zardiw:

We have disabled the following material as a result of a third-party notification from CTVglobemedia Inc. claiming that this material is infringing:

JBII on Discovery Channel

Please Note: Repeat incidents of copyright infringement will result in the deletion of your account and all videos uploaded to that account. In order to prevent this from happening, please delete any videos to which you do not own the rights, and refrain from uploading additional videos that infringe on the copyrights of others. For more information about YouTube's copyright policy, please read the Copyright Tips guide.

If one of your postings has been misidentified as infringing, you may submit a counter-notification. Information about this process is in our Help Center.
Please note that there may be severe legal consequences for filing a false or bad-faith notice.

Sincerely,

— The YouTube Team


z

[xxxxcslewis]

I think we must be close to the monthly maintenance shutdown for #1 & #2, which would seem a very good time to do whatever welding etc. that is required for the installation of #3 processor, then test number #3, get #3 up and running and then refire #1 & #2.

[Stock]

I have a lot of trouble with the Level 2 narrative. Because I don't understand most of it. It literally makes no sense to me.

But if I am able to gather something from understanding about every fifth word, shareholders are being led ot believe that all trading in JBI stock is on the short side, and is manipulative.

Since Johnny said there's some mystery shorter in operation on the stock, then shareholders should take this concern seriously and do everything in their power to understand it, and prevent it, if possible. Wouldn't you agree?

So far, what I have read has offered little more than a second by second "play-by-play" analysis of the tape, with little or no rational thought behind it.

20 million shares have been released by the company during a period of time when people were led to believe some mystery short is in action, destroying the company. This I find GREAT difficulty believing.

[arvitar]

In my world, a computer-hack with ZERO knowledge of the field, has zero-probability of being able to scan bits of 0's and 1's on a magnetic tape from 1970, and thereby discover a long-lost magic catalyst that can revolutionize an entire industry.

In my world, an OTC Caveat Emptor penny stock with a too-good-to-be-true story, run by some guy without any relevant experience or knowldege, who documents is own dishonesty through lies recorded on television and PR's, and is charged with fraud by the SEC, is very likely to be a liar.

In my world, someone who is very likely to be a liar, and trying to earn his money by running a penny stock on the OTC with a too-good-to-be true story, is probably lying about everything.

Unfortunately, in my world, con men all too often get a few credible people to give them the benefit of the doubt, and use that as leverage to scam more naive victims out of their money.

Just look at all the Nobel Prize winners, international investment banks, and well known Wall Street players who got sucked in by Madoff:

http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html

[Stock]

The SEC will dig into Johnny's past as far as they like. It's not up for debate, and it's not an opinion. It's a fact.

It's not up to sharehodlers to decide what is important, or unimportant when it comes to TRTN and/or JBI. It's up to the SEC.

Johnny's future -- and the future of this company -- are clearly in the hands of the SEC at this time...

...Unless some other US Federal agency decides to take action as well. And the likelihood for that to happen is quite high, in my opinion.

He has continued to make material misrepresentations of fact after the SEC brought action. This does not bode well for him.

[retiredptt]

Because in your world products magically create themselves with no R&D costs and immediately turn a profit with no setbacks, right?

While we're at it lets go back to JB's grade school years and include his lunch money,haircut and school clothes costs into the $1,000,000 cost per barrel number you shared has already been pointed out. That's got to bring us to at least $1,001,000 per barrel.

How much further can we dig back into the past ignoring the future and ignoring the product as it exists today and the potential it has?

[Stock]

The bad news is Juicy Johhny lies a lot.

- In SEC filings
- In emails to his employees
- On SKYPE with his affiliates
- On television programs, consistently
- At shareholder meetings, with dozens of faithfhul present
- In emails to people helping him find new fish to PIPE
- As a proxy, in message board posts he relays to his associates to feed to the masses

And there are many other examples soon to become public in the legal process of discovery...

I wonder now if he has lied to his attorneys trying to defend him from termination. I hope for his sake he has not chosen this path. Because if he has, the rain and pebbles in his road to glory will soon become potholes and rocks...

[ponzi_implosion]

Serious fuel cash flow? Really?

2011 Q2 - 10Q

http://www.sec.gov/Archives/edgar/data/1381105/000121390011004691/f10q0611_jbi.htm

6 month P2O $81,101 (or $86,015 depending on which page you look at)

3 month P20 (and 'other') $57,534

Maybe that's what I'm misunderstanding. When a company is losing between $1 to 1.5 million a month I would think that serious revenue would be at least $500K per quarter, but in 'JB speak' it appears that $57,534 over 3 months is 'serious cash flow / revenue'.

So when the 'longs' here post about a cash bonanza they must be talking about just under $20K a month, or $629.00 a day. Now I get it. Sorry about the semantic / contextual misunderstanding

[ergo sum]

I think they ment serious cash flow. You know like double capacity.

[5dollars]

The good news is that you no longer need to wait. Two machines running right now. Forget the year of engineering a pre-melt system for raggertail and consistent fuel quality. I'll grant you that

It is a year late...but here now. Looks like Q2 will show fuel sales. But the best news is. It is now shown to be repeatable with the second processor built, it suggests a final design for the P2O machines.

Let's run them for a couple of months 24/7. After we show bankers the results, maybe we borrow the money for additional processors.

Also, the revenue from 2 machines and soon to be a third makes significant sales coming Q2.

[NewMoney]

They're about to give birth to beast #3 and it will have a ravenous appetite.

Feed the beasts!

It's starting to get fun around here.

[Rawnoc]

...and 2 weeks later they had fuel cash flow from NYSE: OXY

[adman57]

Yep, that's what I remember hearing too. I guess you can't believe everything you hear on Canadian National PRIME TIME TV.

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.

Transcript: BNN "The Pitch" TV show 27-Apr-11
27-Apr-11 04:36 pm
BNN: The Pitch: April 27, 2011
watch.bnn.ca/#clip457091

[scion]

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.


Transcript: BNN "The Pitch" TV show 27-Apr-11
27-Apr-11 04:36 pm
BNN: The Pitch: April 27, 2011
http://watch.bnn.ca/#clip457091

[arvitar]

What technology?

The only "technology" that could be exciting is Bordynuik's claim that he found a catalyst on a 1970 magnetic tape of old binary-encoded data, that allows him to convert plastic to fuel at a total cost of $10.00/bbl.

This claim of Bordynuik's sounds like a flat out lie, for many reasons.

Not only does the claim sound like the typical too-good-to-be-true BS that is the stock and trade of con men. But it is inconsistent with JBI's financial state.

As has already been pointed out, JBI's cost-per-barrel to date is somewhere over $1MILLION/bbl.

Now, if that doesn't prove that JBI doesn't have any technology of interest, I don't know what does.

[BRIG_88]

John Bordynuik, CEO, JBI, is making fuel like a banshee with 2 machines in full commercial production as i type....just typein'

[adman57]

Watch again.....it was VERY TRUE.

[scion]

John Bordynuik, CEO, JBI, asks the panel for $5 million for his plastics-to-oil business to build two new processors for the Niagara Falls plant, and for other expansion projects.

The Pitch : April 27, 2011 : Part Two [04-27-11 11:40 AM]
http://watch.bnn.ca/#clip457091

The Pitch : April 27, 2011 : Part Four [04-27-11 11:55 AM]

http://watch.bnn.ca/#clip457095

[mikeo56]

T thought the video was great.
And yes you are right
somebody would have said they were pumping air.

[adman57]

Not plummeting...just down about a buck so far this year!

[NewMoney]

It that statement were only true it would be interesting.

[adman57]

John was on a Canadian PRIME TIME show last year and LIED through his teeth about production and profitability.

Who cares? But it aired in Canada in PRIME TIME and was viewed by millions.

[waikikian]

In the CC John had mentioned installing a bottom loader and revamping or installing the rail spur. Don't know if those items have been completed yet or not. Even so, don't you think there is enough evidence already? Do you really think a pipe stuck in a tanker truck will convince everybody here?

[azs]

That "suburb's" economic numbers are kicking the USA's all over town.

[David Fowler]

Nah, those channels don't have a big enough audience.

[NewMoney]

Now that would be a video worth watching

Interesting viewpoint.

[adman57]

Only if you were in USA suburb called Canada.

Absurd. JBII's process was featured on THE DISCOVERY CHANNEL! If you turned your tv to THE DISCOVERY CHANNEL, JBII's process was on there.

[retiredptt]

Arvitar, do you have no excitement for the technology and how it continues to mature and be recognized by reputable people and organizations?

Lets play pretend for a moment and act as though the SEC doesn't have a watchful eye on JBI. Minus the SEC, why shouldn't I invest in this maturing ground-breaking technology?

[mikeo56]

I would have been nice if the video showed a truck loading fuel into it, I wonder why John did not insist that it did.

[fourkids_9pets]

the show was just on the 20th of March (2 days ago)

imo few expect *instant* >> er >> *activity*
usually aspects have to be *digested* first
just me >> but i did send that segment onto
the analyst who i'd asked for an eval out of
re: JBI's CC a month ago >> i have few doubts
this DC segment will be passed along to others
over the coming weeks >> just another *layer*

what was revealing was what was shown re: P2O and
the appearance of greg wilkinson in the segment
his commentary and clearly his *connections*
within the plastics industry >> which are *clear*

bottom line is it's another *level* of exposure
as i posted i'm now expecting opinions on how
the plastics industry is now a scam

i only speak for myself >> but i'm expecting far
more *exposure* via media and industrial partners
over the coming year >> the day to day *activity*
of JBII's stock is beyond predictable *to me*

i work off that predictability when i place my bids

that works for me >> what others focus on is their business

==
4kids
all jmo

[waikikian]

I, for one, believe that the latest video, although great, would not affect the PPS. Bottom line numbers from the 10Q will do that.
Can't wait to see Q1 but, especially Q2 and beyond.

[ponzi_implosion]

Maybe the SEC JBI litigation can be broadcast on the CSPAN or Court TV Channels?

Now that would be a video worth watching

[arvitar]

The problem is that many investors had unrealistic expectations that JBI's appearance on a Canadian television show would attract many new investors and thus move up the share price.

That obviously didn't happen.

On the other hand, many investors have unrealistically underestimated the impact that this single news release has had, and will continue to have, on JBII:


Litigation Release No. 22220 / January 4, 2012


U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22220 / January 4, 2012
Accounting and Auditing Enforcement Release No. 3352 / January 4, 2012
Securities and Exchange Commission v. JBI, Inc., John Bordynuik and Ronald Baldwin, Jr., Civil Action No. 1:12-cv-10012, United States District Court, District of Massachusetts
SEC CHARGES COMPANY AND ITS OFFICERS WITH ACCOUNTING FRAUD

The Securities and Exchange Commission announced today that it filed an action in federal court in Massachusetts against JBI, Inc., a publicly-traded company formerly located in Massachusetts and now headquartered in Ontario, Canada. The Commission also charged JBI’s current CEO, John Bordynuik, a resident of Ontario, Canada, and its former CFO, Ronald Baldwin, Jr, a resident of Palm Harbor, Florida. The action alleges that the defendants engaged in a scheme to commit securities and accounting fraud by reporting materially false and inaccurate financial information on the financial statements of JBI, Inc. for two reporting periods during 2009.

According to the Commission’s complaint, JBI is purportedly a technology company focused on data restoration and recovery and environmentally engineered product development. The company is headquartered in Canada, but purportedly has operations in New York, Florida, Ohio, and Pennsylvania. The complaint alleges that JBI is purportedly also involved in the research and development of a process designed to convert plastic waste into oil, known as “Plastic2Oil” or “P2O”. The Commission alleges that during the third quarter of 2009 and the year end 2009, JBI materially overstated certain assets in an effort to bolster its balance sheet and success in two private capital raising efforts (Private Investment in Public Equity or PIPES) geared toward raising the capital necessary to begin commercial operation and production of P2O. The Complaint alleges that JBI raised over $8.4 million for the company in these PIPES just before the company issued a public statement indicating its financial statements could no longer be relied upon, in part, due to the erroneous valuation of certain assets, known as media credits, on the balance sheet.

The Commission alleges that in contravention of Generally Accepted Accounting Principles (“GAAP”), the company erroneously booked the media credits at a value of $9.997 million, thereby becoming the single largest asset on the company’s balance sheet, when they should have been initially booked at a value of $1,000,000 when acquired in August 2009, and subsequently, the media credits should have been remeasured at their current value and written down to zero as of the end of the company’s third fiscal quarter on September 30, 2009. According to the complaint, Bordynuik was aware of, or was reckless in not being aware of, GAAP concerns surrounding the reported value of the media credits in advance of the company’s third quarter 2009 Form 10-Q filing with the Commission on November 16, 2009 and the year end 2009 Form 10-K filing with the Commission on March 31, 2010 yet falsely certified that the company’s financial statements for those reporting periods were filed in conformity with GAAP. The Commission complaint further alleges that Baldwin was aware of, or was reckless in not being aware of, GAAP concerns surrounding the reported value of the media credits in advance of the company’s year-end 2009 10-K filing on March 31, 2010, yet falsely certified that the company’s financial statements for that period were filed in conformity with GAAP.

The Commission’s complaint charges JBI, Inc. with violating Section 17(a) of the Securities Act of 1933 (“Securities Act”) and Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B) and 13(b)(5) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rules 10b-5, 12b-20, 13a-1, 13a-11 and 13a-13 thereunder. The complaint alleges that Bordynuik violated Sections 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5, and Section 13(b)(5) of the Exchange Act. In addition, the Commission’s complaint alleges that Baldwin violated Sections 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5, and Section 13(b)(5). Finally, the complaint alleges that Bordynuik and Baldwin violated directly or aided and abetted JBI’s violations of Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1, 13a-11 (Bordynuik only), 13a-14, 13b2-1 and 13b2-2 (Bordynuik only). In its complaint, the Commission seeks permanent injunctions, disgorgement plus prejudgment interest, and civil penalties against all three defendants, and officer and director bars against Bordynuik and Baldwin.
http://www.sec.gov/litigation/litreleases/2012/lr22220.htm

[towgos]

Raw, the Rock/Tenn validator of JBII had this PR out today with a"vailed" two-word reference to JBII, imo.
RockTenn Celebrates Grand Opening of New Folding Carton Plant in Marion, NC.
RockTenn (NYSE:RKT - News) is one of North America's leading integrated manufacturers of corrugated and consumer packaging and recycling solutions, with net sales of $10 billion. RockTenn’s 26,000 employees are committed to exceeding their customers’ expectations – every time. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China.
http://finance.yahoo.com/news/rocktenn-celebrates-grand-opening-folding-142800311.html

[P51-D]

I think the answer is.....There must be approximately a 300% factor involved in there somewhere.....LMAO!!!!!.....GL to us with JBI..!!!

[ponzi_implosion]

UPDATE -- JBII Growing List of Litigants & Problems

Federal Government / SEC

http://www.sec.gov/litigation/litreleases/2012/lr22220.htm

Auditor Adverse Opinion / Accounting Issues

http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm

Pg 64

"...the Company did not maintain effective control over financial reporting as of December 31, 2011 due to pervasive control deficiencies and material weaknesses. The existence of pervasive control deficiencies and material weaknesses impair the effectiveness of other controls by rendering their design ineffective or by keeping them from operating effectively....

Class Action Lawsuit

Pg 40

"...on July 28, 2011, one of our shareholders filed a class action lawsuit against us and Messrs. Bordynuik and Baldwin on behalf of purchasers of its securities between August 28, 2009 and July 20, 2011. The complaint in that case, filed in federal court in Nevada, alleges that the defendants made false or misleading statements, or both, and failed to disclose material adverse facts about our business, operations, and prospects in press releases and filings made with the SEC. .."

[LV RDPD]

Are we focusing on the ownership and viewership of Discovery Channel vs. Discovery Canada and not the fact that a person with Greg's resume believes "This is a big deal. This could be the final piece for the sustainability puzzle for plastics"?

Exactly and Thank You.

[sdy]

Raw thanks for the continuous updating of this listing.

[retiredptt]

The consultant in the Discovery Canada video was introduced as Greg Wilkinson. I looked him up on LinkedIn and he has an impressive resume including a previous role as President and CEO at Canadian Plastics Industry Association.

Are we focusing on the ownership and viewership of Discovery Channel vs. Discovery Canada and not the fact that a person with Greg's resume who was there in person to watch the processor in action believes "This is a big deal. This could be the final piece for the sustainability puzzle for plastics" ?

Greg Wilkinson's Linked-In Page

[Zardiw]

"The Plastics Industry is watching JBII Very Closely" .....quote from Greg Wilkinson....Plastics Sector Executive....He also referred to the 'Goo' as LIQUID GOLD.......so much for the 'goo theory'.....LMAOOOOOOOOOOOOOOOOOOOOOOOOOOO...z

[Zardiw]

JBII "Liquid Gold":


Link to Discovery Channel Segment: http://watch.discoverychannel.ca/#clip641572

z

[snowman220]

More machines running and JBI goes cash flow positive soon. Its just a matter of time. Tankers leaving the plant and transports bringing in plastic feed. Plastic to Cash. Its a beautiful thing. Feed the beasts. #3 is getting hungry!

[NewMoney]

We've already established that being featured on the Discovery Channel, while very impressively confirming the viablility of JBI, will not in itself effect the stock price.

Increasing revs will do that.

And BTW, dude, everyone here can actually see the chart on our screens too so claiming the stock is plummeting is kind of comical since it's not.

just sayin'

[Rawnoc]

UPDATE -- JBII Growing List of Validators -- the notion that P2O is a scam is just laughable:

http://plastic2oil.com/site/current-partnerships
http://plastic2oil.com/site/evolution
http://plastic2oil.com/site/commercial-validation
http://plastic2oil.com/site/emissions-validation
http://plastic2oil.com/site/government-validation

(this is a mere partial list)

Major Media:
Discovery Channel:
http://watch.discoverychannel.ca/daily-planet/march-2012/daily-planet---march-20-2012/#clip641572
National Public Radio:
http://www.npr.org/2012/03/19/147506525/startup-converts-plastic-to-oil-and-finds-a-niche

Key Partner:
Rock-Tenn/Smurit-Stone (NYSE: RKT)
http://plastic2oil.com/site/news-releases-master/2011/08/08/jbi-inc-announces-a-ten-year-agreement-for-commercially-viable-conversion-of-waste-plastic-to-fuel

Fuel Buyers:
Fortune 100 Company 500,000 Liter Purchase Order as of 2/27/12:
http://plastic2oil.com/site/investor-update-call
XTR Energy (one of the largest and fastest growing independent retail gas chain in Canada) -- transport gasoline and diesel fuel
http://plastic2oil.com/site/news-releases-master/2011/12/23/jbi-inc-signs-multi-year-transport-fuel-take-off-agreement-with-xtr-energy
Indigo Energy Partners, LLC -- fuel oil #6
http://plastic2oil.com/site/news-releases-master/2011/12/21/jbi-inc-signs-long-term-fuel-supply-agreement-with-indigo-energy-partners-llc
OxyChem (NYSE: OXY)
http://plastic2oil.com/site/news-releases-master/2011/05/09/jbi-inc-to-supply-oxy-vinyl-canada-with-alternative-fuel
Coco Paving
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7990225

Feedstock Suppliers Following Environmental Cradle to Grave Audits:
General Motors (NYSE: GM)
Waste Management (NYSE: WM)
Chrysler
Ontario Automotive Recyclers Association
http://plastic2oil.com/site/current-partnerships

Investors:
"three extremely high net worth individuals"
http://plastic2oil.com/site/investor-update-call
"thirteen accredited individuals in the recent round of financing"
http://plastic2oil.com/site/news-releases-master/2012/01/09/jbi-inc-secures-new-financing-for-its-plastic2oil-technology
Billionaire Middle East Investor(s)
Multi-billion dollar conglomerate(s)

Political Supporters:
Four New York State Senators
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71164876
The Mayor of Niagara Falls
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68038756

Environmentally green and viability:
New York Department of Environmental Conservation
Islechem, the private R&D lab of NYSE: OXY (both formerly owned and currently hired as)
Conestoga-Rovers and Associates
http://plastic2oil.com/site/news-releases-master/2012/01/20/final-report-from-recent-plastic2oil-stack-test-reconfirms-process-viability

Fuel Labs:
Intertek
PetroLabs
Alberta Resource Council
Southwest Research Institute
http://plastic2oil.com/site/advantage