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Jacksonville is a busy busy city
Ya the Smurfit.com website redirects to Rock Tenn so that must mean they signed off on the merger deal, which means in my mind Smurfit and JBII will be inking their deal soon.
Fort Lauderdale, FL 33315
Gainesville, FL 32608-4929
Jacksonville, FL 32209
Jacksonville, FL 32218
Miami, FL 33142
Sanford, FL 32771
Taft, FL 32824
Tampa, FL 33610
I count 8 places with 2 in Jacksonville based on the different zip codes. Jacksonville must be a really big town. These 8 locations are listed under Rock Tenns recycling and waste division as you know, I dont know what sheet plants or sheet feeders are but if it has anything to do with plastic scrap, plus all the other locations!?
Its nice to discuss a company without having someone ram their opinion down your throat. I met a bunch of nice people at the AGM and all of them were pleasant in person
I see 6 locations in fl
smurfit came up under Rock in my search
http://www.rocktenn.com/about-us/locations/index.da?div=RECYCLING%20WASTE
If you go to Smurfs website they have a locations map. They are in Canada, the US, Mexico and have facility in Puerto Rico
I dont think all of Smurfs sites will get a processor, but who knows.
It was amazing to learn how much plastic and metal is really intertwined with paper products.
JBII will literally transform into a Monster company. Im still numb from the AGM
Those are some nice numbers
I dont think we have long to wait to see how this is going to kick off..
I havent done any DD about their facilities in Florida as I read thats where they will start.
Hopefully its the one with 200 tons of waste plastic/dsy
Rock Tenn has 17 recycling facilities and Smurfit has 35+ so if JBII follows the 2 processors per location rule thats over 100 units for just these 2 entities
RockTenn to Present at the Deutsche Bank Global Industrials & Basic Materials Conference
http://ih.advfn.com/p.php?pid=nmona&article=48011634&symbol=RKT
Justice has these guys able to handle like 65 to 90 something processors at all of their facilities around the country
just 10 would jack the JBII SP bigtime
Rock-Tenn Company and Smurfit-Stone Container Corporation Shareholders Approve Merger
http://ih.advfn.com/p.php?pid=nmona&article=47863299&symbol=SSCC
since SSCC just did a JV with JBII the results of todays CPIA tour are being broadcast on local media
http://www.chchnews.ca/index.php/home/item/3575-canadian-company-says-its-easier-to-set-up-shop-in-new-york-state
http://www.wivb.com/dpp/news/niagara/Falls-business-turns-plastic-into-fuel
good things are happening in this marriage
Goldman Sachs to Hedge Funds: Buy These Stocks Now
http://finance.yahoo.com/news/Goldman-Sachs-Hedge-Funds-Buy-wscheats-700541745.html?x=0&.v=1
its gotta be good for JBII
Blah, I can't figure out how to fix it. Congrats, you're now an assistant. ;)
Ibox symbol is still SSCCQ so no chart comes up
Waiting for the other show to drop here on SSCC....since they have all this waste plastic to get rid of.......could there be a deal with JBII for processors in the near future?.....z
SSCC to become part of RKT soon:
http://investorshub.advfn.com/boards/board.aspx?board_id=20973
great news for sure
Smurfit used 1,068,000 barrels of Fuel oil #6 last year. See page 20:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzIzMTIxMHxDaGlsZElEPTM5MTY2N3xUeXBlPTI=&t=1
"sell the fuel produced by the Plastic2Oil™ processor to the Smurfit-Stone Client or to third parties"
On May 2, 2011, JBI, Inc. (“ JBI ” or the “ Company ”) and Smurfit-Stone Container Corporation (“ Smurfit-Stone ”) entered into a Referral Agreement (the ‘ Agreement ”). Pursuant to the Agreement, Smurfit- Stone shall refer to JBI selected clients (“ Smurfit-Stone Clients ”) that may be producing significant amounts of plastic feedstock to assess the potential use of the plastic feedstock in JBI’s Plastic2Oil™ process. Upon each introduction of a Smurfit-Stone Client to JBI, JBI shall asses, in its commercially reasonable discretion, whether such Smurfit-Stone Client generates a sufficient amount of plastic feedstock to ensure that at least one JBI Plastic2Oil™ processor operating at such Smurfit-Stone Client’s facility will be able to operate at a minimum capacity of (10 metric tons/day).
Upon the determination that such Smurfit- Stone Client generates a sufficient amount of plastic feedstock at its facility to ensure that at least one Plastic2Oil™ processor will operate at full capacity, JBI shall notify Smurfit-Stone of this determination and attempt to negotiate an agreement with the Smurfit-Stone Client, on terms satisfactory to JBI in its sole discretion to have JBI; (i) install at least one Plastic2Oil™ processor at such Smurfit Stone Client’s facility; and (ii) sell the fuel produced by the Plastic2Oil™ processor to the Smurfit-Stone Client or to third parties.
Pursuant to the Agreement, Smurfit-Stone shall be paid five (5%) percent of the Gross Revenue (as defined in the Agreement) or (5%) of the Third Party Gross Revenue (as defined in the Agreement) realized from the sale of Plastic2Oil™ fuel produced at the Smurfit-Stone Client’s facility.
The foregoing description of the Agreement is not intended to be complete and is qualified in its entirety by the complete text of the Agreement attached as an exhibit to this Current Report on Form 8-K.
FROM .20 cents to $35 dollars ,shows you what can happen in less than 6 months! hope everybody old and new made $$$$$$ when it was SSCCQ and now without the Q .This company has been on a roller coaster ride for the last 2 years,good luck to all the employees,I'm sure Rock-tenn will be a huge boost to the company sales and the corrogated world of boxes!Billstopay (ex-boxman)
Can any of you longs tell me what was the current scenario with SSCCQ when it ran from .02 to .80? I was told that the POR stated that commons were going to be canceled? Is this true at all?
I am. I am involved in Abitibi (ABWTQ) and hope to have same movement like SSCC
They got our page up and running is anyone still interested in Smurfit?
E-Trade just told me SSCC is trading today at $21.00 a share. I have approx. 257 new SSCC shares, based on the exchange rate of .0084424 (had over 30,000 SSCCQ old shares) so I am not far from breaking even and expect share value will go up.
A company called bnymellon/share owner is handling the equity distributions. Your brokerage firm is aware of this and is in the process of manually updating accounts, E-Trade in my case, which I was told will take 3 or 4 days for you to see your new shares listed on your account etc. It was a shock to see a 0 balance but things look better today after Smurfit emerged from BK yesterday.dollybama
For those of you still holding Smurfit common shares we are getting .0084424 shares for every one you currently hold. So it needs to open at around $25 to take off where we left off today. Anyone see that happening?
"With confirmation of the Plan of Reorganization, Smurfit-Stone is now on a path to emerge from our financial restructuring on June 30
I guess short covering. I think June 30th is the last day...Not sure...
6MM+ share trade????
Do the preferreds have to be paid in full before commons see anything ?
Smurfit's conference call to update shareholders:
"Smurfit-Stone will host an emergence conference call and webcast to update investors on the newly restructured company on Thursday, July 1 at 11:00 a.m. ET. To access the presentation dial (800) 261-3417; access code 13274863 or visit Smurfit-Stone's website at www.smurfit-stone.com."
This seems like a good conference to listen to.
I am new to this and have 25,000 shares is there a point to sale or just hold on since not in need of the money. Is there chance eventually these shares down the road can be worth a lot of money if they come out of bk and stay strong? Thanks.
2.25%.. I think that will translate in 35 to 40 cents. It all depends on new share price. If share price is $20 then 45 cents. If 15 then 32 cents...Do any one know what will be the share price of new company?
So 2.25% of say $10 yes?
yet this stock may go up in the next few days yes? maybe? maybe some profit taking?
Ok
that's not how it works...
.30 to .40 next few days, my thought is $10 once we exit.
commons get 2.25% of the new company. what would be the pps equivalent to that?
5% of new company is this right?
did you guys have any type of formal ad hoc equity agreement
or one for the formal equity committee? i was looking for one to go by or some insight in an agreement if the judge or court
might require it in another stock?
Been stuck in the .19 to .20 range for quite some time. Anyone have any thoughts as to where we are heading?
Calavo Growers, Inc. Enters into Long-Term Packaging Materials Agreement with Smurfit-Stone Container Corporation
1:50p ET May 26, 2010 (Business Wire)
Calavo Growers, Inc. (Nasdaq-GS: CVGW), the global leader in avocado marketing and an expanding provider of other fresh perishable products, today announced it has entered into a long-term agreement with Smurfit-Stone Container Corporation as Calavo's primary vendor for corrugated materials in North America and Hawaii.
The most significant factors in the decision for transitioning to Smurfit-Stone are having access to the elite design and strength of the proprietary Meta Tray-8(R) for Calavo's avocado packaging programs including ProRipeVIP, display boxes for bagged avocados; a superior package for downstream ripening, less linerboard usage creating efficiencies and a significant reduction in carbon footprint. Smurfit-Stone is the only North American packaging company that produces the Meta Tray-8(R) cases.
Calavo's Chairman, President and Chief Executive Officer Lee E. Cole, commented: "Ripening places inherent stress on corrugated packaging. The Meta Tray-8(R) design has proven to be stronger than anything we've seen on the market, protecting the product during ripening and downstream during transportation and handling.
"To have the strength, economic benefits and carbon footprint reduction provides multiple benefits to Calavo customers, producers and the environment, particularly with double-digit growth in ProRipeVIP the last three years."
Dwight Morris, western region vice president for Smurfit-Stone's Corrugated Container division, stated: "We are particularly proud of our design of the Meta Tray-8(R) and saw a perfect fit for avocados and other fresh products that are ripened after packing. Calavo was an obvious first choice to pursue in the fresh avocado business, and we are delighted at the opportunity to provide equipment and packaging for avocados and several other product lines."
Smurfit-Stone will provide turnkey installation of new case-forming equipment manufactured at its Automated Packaging Systems facility in Orlando, Fla., to all Calavo-operated locations in North America beginning Spring 2010.
About Calavo
Calavo Growers, Inc. is a worldwide leader in the procurement and marketing of fresh avocados and other perishable foods, as well as the manufacturing and distribution of processed avocado products. Founded in 1924, Calavo's expertise in marketing and distributing avocados, processed avocados and other perishable foods allows the company to deliver a wide array of fresh and processed food products to food distributors, produce wholesalers, supermarkets and restaurants on a global basis.
About Smurfit-Stone
Smurfit-Stone Container Corporation is one of the industry's leading integrated containerboard and corrugated packaging producers, and one of the world's largest paper recyclers. The company is a member of the Sustainable Forestry Initiative(R) and the Chicago Climate Exchange. Smurfit-Stone generated revenue of $5.57 billion in 2009; has led the industry in safety every year since 2001; and conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association.
Safe Harbor Statement
This news release contains statements relating to future events and results of Calavo (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: increased competition, conducting substantial amounts of business internationally, pricing pressures on agricultural products, adverse weather and growing conditions confronting avocado growers, new governmental regulations, as well as other risks and uncertainties detailed from time to time in the company's Securities and Exchange Commission filings, Including, without limitation, the company's Report on Form 10-K for the year ended October 31, 2009. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Calavo Growers, Inc.
Calavo Growers, Inc.
Lee E. Cole
Chairman, President and CEO
(805) 525-1245
https://wwws.ameritrade.com/cgi-bin/apps/Main
So is it safe to say we can buy more common stock without fearing cancellation? Or is this new shareholder deal only for those that bought shares before filling for bankruptcy? I actually have both.
I suppose it will depend upon the new share structure. However, with the agreement, it appears that the commons and preferred will stay intact meaning no new symbol, new shares, etc. Someone correct me if I am wrong here on my assumptions.
For 2.25% oof new company, what price should be ssccq at?
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