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I disagree with your evaluations of the company technology and John Bordynuik, and I predict that JBII will be a boosher stock before the end of this year.
fair enough :)
FWIW, take it to the JBI board.
You say:
Context is often helpful in providing clarity.
In late January, 2012 the company received the CRA audit results for their second stack test (with pre-melt system):
www.plastic2oil.com/site/news-releases-master/2012/01/20/final-report-from-recent-plastic2oil-stack-test-reconfirms-process-viability
At this juncture the company was permitted to run 4000 lbs./hr.
Your hand has been played out, whereas JBI is just warming up.
And for a while I thought you were serious.
Context is often helpful in providing clarity.
In late January, 2012 the company received the CRA audit results for their second stack test (with pre-melt system):
www.plastic2oil.com/site/news-releases-master/2012/01/20/final-report-from-recent-plastic2oil-stack-test-reconfirms-process-viability
At this juncture the company was permitted to run 4000 lbs./hr.
On February 27, 2012 the company announced the completion of their second processor, P2:
http://www.plastic2oil.com/site/news-releases-master/2012/02/27/jbi-inc-announces-completion-of-its-second-plastic2oil-processor
At this juncture the company was bringing up P2 and no doubt they were processing more fuel than ever before. The yearly progression of gallons produced has been documented here, and it keeps going up. P1 was also running, but we did not know until later that P1 (The R&D processor) "broke down" sometime soon after P2 was launched.
Also remember that JBI was just weeks away from the SAI Corp. audit. No doubt they were sure of the processors capability enough to have the continuous 3 day audit performed. To me this implies they had produced runs of thousands of gallons at that juncture.
Therefore, there is every reason to believe that all statements in those articles/interviews were entirely accurate
So given the context just provided, your argument alleging "deception" appears to be completely without basis.
The shorter version, of course, is that your entire argument is a variant of theme #3.
JCDS up 23% today
Keep it on your screens. Please due you DD
Read in sticky notes ect. on the board.
Just one quick easy example of outright deception. John Bordynuik provided the background for this article from March 2012. It even contains quotes from him. And the article says the following:
"Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day."
How is this not outright deception? They did NOT produce thousands of gallons a day or even close much less at $10 per barrel, but we did not know that until a year later. And that is because if you remember at the time of this article the company was INTENTIONALLY obfuscating actual P20 performance behind cardboard recycling which makes it even more blatant. How is Bordynuik not responsible for this deception?
Full link:
http://www.npr.org/2012/03/19/147506525/startup-converts-plastic-to-oil-and-finds-a-niche
PERI can't say I feel comfortable yet. Still too many unknowns, including where the point of failure might be as the processor ramps up and how serious an issue that point is. We were set up to expect that failure with the statement regarding components failing due to the heat of the process.
But maybe we'll get lucky and the 4,000 lbs. per hour will be achieved without issue.
Then the costs will need to be weighed against the revenues. How quickly will they be able to build out given the constraints of feedstock (how many Crayolas are out there?) and the need for HTF.
Lots of unanswered questions, but we seem to be getting closer to some answers.
Well Tech, you can take the drive or wait for more PRs updating progress, or simply wait for Q3 to be filed.
Where you are right is that the company just keeps getting better, and by all appearances successfully dodged another bullet. No screenplay yet and no finale (except for the shorts).
I feel quite comfortable with Heddle at the helm.
I feel quite comfortable that Bordynuik has nailed #3.
GL
korogi: This is all very intriguing, but I have no way of validating what you say. It does add to the plot line for the screenplay, though. It just keeps getting better and better.
I knew "boots-on-the-ground" would not be able to keep it to themselves once real activity at the plant commenced. This is the type of reporting I've wanted to see all along. The more the better. A fully operational plant should be buzzing all day.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91673692
JBII should be on boosher watch. I think a report that the system was ramped up to significant throughput without issues would be enough to get buying coming back.
I have no idea what the true story is behind the recent management change. I sure would like to know. I do not feel comfortable that Mr. Heddle's taking over means all is right now. I do appreciate him stepping up to the plate with money. That is probably the primary reason for the change.
It remains all about P3's ability to perform. I figure it needs to do about 5X better than the initial reports.
You were wrong about this. The company was saved because of Wesson's disclosure. It was not an obvious ploy, but big boys do like to play for keeps. They have lost for the time being.
I don't think it is likely that Bogolin is working to put control of the company in the hands of a minority through an obvious ploy.
B9 meant "boosher" chart but didn't notice that his auto-correct turned it into "booster". Look at the post at the top in yellow.
You told me to look in the I-box, I did. Just clarifying ....
Nothing on boosters.
Fowler, read the intro msg
What's a booster chart?
b9molecule.
I agree the JBII chart is not inspiring and candidly speaking at the moment nothing about the company screams boosh. In fairness to the intent of the board its probably not an appropriate topic here for now. I'll keep that in mind when my fingers get itchy.
If any of you long time Tasty Booshers followers have managed to maintain contact with EP please say hi for me.
The hyperbole on both sides is extremely annoying. I appreciate your points, but I don't think the negativity is required to get across your points. Referring to the past is a waste of energy. Stick to pointing out the realities of the current state. Those realities are sobering enough.
Bueno: running P3 for 23 days straight is a step in the right direction,
Bueno: running P3 for 23 days straight is a step in the right direction, but clearly the market will not give JB the benefit of the doubt at this point. I think someone calculated the plastic throughput at about 1/6 of the claimed 4,000 lbs. per hour that is possible. That's quite the gap. Yes, they are supposedly being cautious about bringing it up to speed during this testing phase. That means that the throughput at the end of those 23 days old be much higher than the average computed.
The hyperbole on both sides is extremely annoying. I appreciate your points, but I don't think the negativity is required to get across your points. Referring to the past is a waste of energy. Stick to pointing out the realities of the current state. Those realities are sobering enough.
BLFS boooshing.
"Only makes sense if the fear is that Tony might be in the pocket of large investors and screwing things up, whether intentionally or unintentionally, for an easy takeover."
The only "proof" that is happening are some comments by 2 former board members, Wesson and Bagai.
I don't know what to make of people who where obviously close to JB. I don't think it is likely that Bogolin is working to put control of the company in the hands of a minority through an obvious ploy. I doubt that this kind of action would hold up well in a court of law.
I don't know if JB wants these former board members to stir things up or not.
I believe that a very qualified board can be seated once/if the technology is proven.
Everybody wins if the technology is proven and management pulls together a team to expand that technology as quickly as possible.
I will never fully understand the need to tear down new management...
Clearly the Friends of John speak loudly on that board. I think there is a much more reasonable silent majority on both sides of the aisle.
I wish I knew the reality of how well people are working together to create a successful business.
I am not at all upset that the company has taken a low profile while the technology evolves.
You shouldn't be surprised that the focus of investors is on the performance of P3 and the seating of a new BOD.
As I've said, I think the two are tightly coupled.
I will never fully understand the need to tear down new management while JB, the CTO, works to create a machine that approaches the hype.
Clearly the Friends of John speak loudly on that board. I think there is a much more reasonable silent majority on both sides of the aisle.
I wish I knew the reality of how well people are working together to create a successful business. I am not at all upset that the company has taken a low profile while the technology evolves.
Of course my posts asking about defamation get deleted. I do think the CC is a very good idea. The only issue is that you have to submit questions before the 10Q is even released which makes asking questions about the quarter itself somewhat difficult. It will be interesting to see if they actually address the various issues.
buenokite: Thanks for asking Brig that question about whether or not he is making defamatory remarks about Mr. Bogolin. I think the whole board may be bordering on doing that.
I want to see some proof that the board is not being seated in order to put control of the company in hands other than those of the current shareholders.
I believe a BOD will not be seated until the technology is proven. If it is proven I think some very qualified members could be seated.
We all know what will happen if the technology is not proven.
Any number of comedians. Or perhaps Tim Roth, the guy who starred in "Lie to Me".
Brad Dourif
http://www.nndb.com/people/591/000056423/dourif.jpg
after a trip thru a time machine…
y'know, that other miracle machine that -- never mind.
who would play john boy?
I do not think your numbers are unreasonable if they claim P3 victory before mid-August.
They will need to hit the pavement running with their business logistics. So that could be an issue. Shouldn't be at this point. They should be prepared for it.
Investors will not be happy with another round of tinkerfarkin. I can't imagine what technological explanation would be satisfactory at this point.
I have held because I did not see any issues that seemed insurmountable. I hope the HTF works and does not destroy profit margins.
This is either the beginning or the end.
The story should be make into a movie regardless the outcome.
It's all about P3 performing as claimed.
Bueno - as much as I would like to see good P2 numbers, I am not expecting them.
It's all about P3 performing as claimed.
All along I have argued that the company requires predictable output from their processors to be able to take customer orders and fulfill them reliably. P1 I have written off. P2 still feels like a machine more for testing than reliable commercial productIon.
I am waiting for P3 results. I have been able to forgive the company's ugliness because I have seen real progress with the technology. But this iteration better show that all the engineers working on the issues really understand what they are doing.
I was not happy to hear about expected failures. I would have expected them to over engineer this one to assure that the expected failures would not happen. Make money and then figure out where costs can be shaved.
Hoping for a good outcome.
Tech, thoughts on the following regarding Q2 and Q3 production:
Based on the latest Buffalo article, SEC filings, and SAIC report I am saying that around 250,000 gallons for Q2 seems reasonable. That is based on the company saying:
1) The machines can run for about 3 days before needing petcoke removal.
2) In those 3 days the company can produce about 15,000 gallons of fuel.
3) The machine can be cleaned out without cooling in about 6 hours.
Now for my calculations I assume some of the above is "optimistic". So let's say 15,000 gallons of production for a full week for P2. For Q2 let's use 13 weeks so processor #2 should do about 195,000 gallons and I just estimated less than a third or about 55,000 gallons for processor #1. Too optimistic or do you think about right?
So for Q3 adding an improved processor #3 with HTF you would think it could do at least 300,000 gallons. And now processor #2 has HTF which should improve its performance lets say around 20% so it does about 235,000 gallons and processor #1 does about 65,000 gallons. That is about 600,000 gallons of fuel for Q3 as a ballpark. Is that close to you're thinking?
VMC PSL 24
Less then 4 Hours to deadline.
Get your picks in before Friday's Close. Below is the link to the board.
http://investorshub.advfn.com/VMC-PSL-24-26846/
It's all about how well the third processor addresses the technological issues to allow consistently long periods between shut-downs and how this will translate into reduction of costs.
So we don't really know how things are at this point in time. We know how things are up to this point and they have not been good.
Things could change quickly. The output of the processor has always been of good quality.
Or not.
We wait for results. I'm guessing we will find out, good or bad, by September at the latest now that all the permits are in place. If the initial results appear good, I would think sooner rather than later. The longer things go without hearing, the less likely that the news will be good.
I'm sure the stock price will signal results before we hear from the company.
JCDS still rolling,
Keep watching
chart
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82857734
rah rah, hey hey, JBI is here to stay. feel better?
sounds like you know a lot about dicks.
I trade JBII, I am not emotional. Having people come in and bash for no reason is a DICK move, got it, DICK?
don't be so emotional, David. things are what they are.
Boosher alert - IMSC at 1.25 resistance ----> weak resistance up to 1.60 if 1.25 breaks….GL
VMC PSL 24 Deadline this Friday
Get your picks in. The Link to the board is below. Hope this helps.
http://investorshub.advfn.com/VMC-PSL-24-26846/
Ditto again on JCDS
JCDS nice day today.
Everyone here keep your eye on it.
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This site is designed to give speculative stock trading ideas that hopefully give a higher potential upside than downside, and over relatively short periods of time. If you are using these ideas, it should be from spare money. One should not use retirement based funds for speculative trading ideas. Think of the children.
Most trade ideas are based on a technical approach, rather than by a fundamental one.
The common technical look and things to watch for in a "boosher":
Perceived reward 2 or more times larger than the risk(trend or consolidation break with stop loss).
Defined consolidation; Tight range with defined risk(stop loss) and defined boosh point(stop buy), with fairly measurable reward. Consolidations above previous highs from months or years ago, or just below all-time highs is ideal.
13ema above the 50 ema: Watch for the common kiss, and use the possible kiss area to initiate or add to a position. Cross can often be the kiss of death, but not always, especially if price reverses within a few days of the cross. This is the common measure of a bull or bear market for a particular stock.
ADX below 20: The longer the better. Shows high energy explosion or implosion.
13ema/20sma: Trademark boosh event. In a very bullish market, the 13 ema will stay above the 20sma and the kiss event is a great entry or addition point. Minimizes time risk, and dollar risk.
The only JBII discussion allowed here is for technical reasons.
Recommended Book Readings:
Reminiscences of a Stock Operator by Lefevre (Read it twice)
Trading For A Living by Elder
*Disclaimer-All investment decisions are the sole responsibility of the individual reading this crazy
little message board talking about stocks. One should always do proper due diligence and determine the suitability of that investment for themselves and the people that depend on them for daily bread. You could lose all of your money if you purchase an opinion from this board. Don't do something stupid and gamble your money away on booshers. Think of the children...think of the children.
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