(This annual report on Form 10-K (“Report”) contains “forward looking statements” within the meaning of applicable securities laws. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “will”,
“plan”, “believe”, “seek”, “estimate”, and variations of such words and similar expressions are intended to identify such forward looking statements. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict.) I saw “may” and other such statements throughout the 10K but not “will”.. At June 3, 2014, we had three fully-permitted operational P2O processors, one dedicated to Research & Development, two dedicated to fuel production. All three processors are located at our Niagara Falls, NY facility, and our fourth and fifth processors were in process of assembly offsite in Niagara Falls, NY [color=red]for sale[/color Management estimates bringing the facility back into full production will require the expenditure of between $175,000 and $200,000. The plant is presently testing and evaluating the feedstock from potential purchasers of processors. At June 3, 2014, we lacked the working capital or access to bank credit to restore full production.

I'll use my one post to express my admiration to the technology of JBI and it's founder. One would have to be very one sided to say this move was not in the best interest of the company and it's shareholders. Thank you and the best to JBI!!!

Important links in 2014. I have included the source of the information by providing the links of origin. Doesn't look like JBI is going anywhere but a name change, share increase, and a new CUSIP number.

Note I am limited to only 1 post per day so I ask that anyone that wants to discuss the information in the links please provide direct links to your information and not cut and paste bits and parts of information.

The following link is the court documentation showing the OUTCOME of the of the April 2014 court hearing. This hearing is the follow up to earlier proceedings to determine if the allegations against JB/JBI are accepted or denied.
Please pay attention to the outcome section particularly (h) the allegations are withdrawn.
http://www.osc.gov.on.ca/documents/en/Proceedings-RAD/rad_20140404_bordynuikjw.pdf

CHICAGO, IL, May 29, 2014 (Marketwired via COMTEX) -- A lIP awsuit has been filed under the Freedom of Information Act against the Securities and Exchange Commission (SEC) to obtain the agency's investigative files relating to more than a dozen aborted investigations and cases involving naked short selling. The complaint was filed on behalf of Mark Mitchell, an investigative journalist who publishes on www.deepcapture.com , a website that offers in-depth reports on the extent to which naked short selling pervades the US capital markets.

http://www.marketwatch.com/story/journalist-sues-sec-to-get-naked-short-selling-files-2014-05-29


From The Kiplinger Letter, May 23, 2014
Another promising source of energy: Recycled plastic.
A few small firms are turning plastic waste destined for landfills into synthetic crude oil. The process requires some very advanced chemistry, but the raw material is cheap and abundant, and the trickle of oil being made now figures to pick up as the technique gets refined. Also, environmentalists believe it could be a lucrative way to cut down on plastic litter.
Among producers making a play on oil from plastic
: Utah-based PK Clean. RES Polyflow of Ohio. And JBI Inc. of N.Y., already producing 700,000 gallons a year.
________________________________________
http://www.kiplinger.com/article/business/T00...s2jWdsg.99

The following link is the court documentation showing the OUTCOME of the of the April 2014 court hearing. This hearing is the follow up to earlier proceedings to determine if the allegations against JB are accepted or denied.
Please pay attention to the outcome section particularly (h). the allegations are withdrawn.[/http://www.osc.gov.on.ca/documents/en/Proceedings-RAD/rad_20140404_bordynuikjw.pdf
Since I am limited to only 1 post per day, I will not be able to respond to any questions, criticism, etc…of this post. I only challenge that any refute of this message is a link from final court documentation showing the outcome and not cut and past of the allegations from the first proceedings or complaint stage.

The following is the case where the settlement agreement and the April 2014 entire follow up of the hearing. Please note condition (h) all allegations are withdrawn. While some would like us to believe JB committed fraud, just click on the link below and you will have the outcome of the results of the Aprin hearing. I had to open with hyperlink.


http://www.osc.gov.on.ca/documents/en/Proceedings-RAD/rad_20140404_bordynuikjw.pdf

My ideal chain of events by JBI

With the market closed Monday for Memorial Day, today would be an excellent time for filing the 10k. (IMO an ideal time for filing will be after the markes closes today or the latest time allowed). This starting a chain of events. (e.g. quartely filed early Tuesday, followed by a PR mid-day, a conference call announced -restricted to shareholders only - very similar to the Dec AGM.)

The following link dated May 17, 2014 addresses the committment Crayola's Commitment to Our Environment. The segment about JBI is about half way through the paper.


http://www.environment911.org/Crayolas_Commit..._the_World
.

My thoughts exactly.

Thanks for clearing the HTF issue. I also want to thanks steeleye and Koolmoto for their posts.

Anyone wanting facts about JBI backed up with documentation should read or re-read posts #268309, #268312 and #268315. These posts provide links to the source of the information.

I can understand why others in PTO want to compare themselves to JBI, it's only natural to compare themselves to the BEST. Since I, as many supporters of JBI have only one post per day, I will not be able to refute the neg. comments made about this study. Just keep in mind this is a professional study by a post graduate student at Columbia University.

The following is reserch funded by Columbia University Earth Engineering Center.
Transforming the Non-Recycled Plastics of New York City to Synthetic Oil
http://www.seas.columbia.edu/earth/wtert/sofos/ms_thesis/Demetra%20T_Thesis%20Final%20Rev%20for%20publication_April%2018.pdf
http://proceedings.asmedigitalcollection.asme.org/proceeding.aspx?articleid=1764710

Excellent paper to make comparison among JBI, Agilyx, and CGI

Anyone wanting to see the comparisons in one chart turn to page 70 in the thesis. The following is found in the conclusions section of this scientific paper.

"JBI Inc’s P2O process is advantageous compared to the pyrolysis technologies of Agilyx and CGI because it has the highest operating capacity at a low footprint, it has the highest oil production yield, and it has the least environmental impacts. Furthermore, JBI Inc. is the only company that has managed to successfully recycle all of its light combustible gaseous products of pyrolysis for energy use in its process. This significantly reduces the overall external energy demand of the process as well as overall CO2 emissions. The P2O process is an economically competitive alternative to landfill disposal because it has a low total estimated cost and it generates a significant net income per ton of plastic waste processed."

In addition to the links you provide, the AGM provides accurate JBI facts. To read the AGM transcript go to Post #268130 posted by Stocker 11.

The following has been paraphrased from the summary of the AGM transcript to give a quick look at JBI and history.
Engineering firms that have had the advantage of reviewing other competitive systems have in turn validated JBI. JBI learned a lot from these firms and the company was reassured at various stages in the evolution. As with any new technology that hasn’t been done before, the company doesn’t always know what issues are left until you’ve removed current barriers in the way. This is a new technology that has been put through a very fast evolution from a 1 gallon desktop reactor to a massive, high volume, waste plastic to fuel production plant. With JBI’s current permit of 4,000 lbs/hr, the goal is to achieve 3,000 lbs/hr or 36T/day on average on System 3. JBI has overcome growing pains in all areas of the business and become a stronger, more adaptable company because of it. Due to the hurdles and barriers JBI has overcome these experiences will be very beneficial to JBI’s future partners. JBI has worked through these past challenges and we will continue to work towards future goals.

Thank you for posting truthful information about JBI. Great to see actual documented history of JBI and the changes from the desk top model in 2009 to the "flagship processor 3".

Raw,Thank you for setting the record straight and providing a link for validation. This should be a sticky note or at lease the link.

Koolmoto thank you for putting the facts about JBI in a sticky note on this board. It is refreshing to be able to read facts supported with non-biased links.

I continue to believe in JBI and have been an investor since the early desk top model days. I have seen changes to the business plan and each has contributed added benefits to the success of the company.

The business plan for the company is to sell processors to third parties. The ideal third party will have access to sufficient plastic waste, either internally, or by consolidating waste plastic from other sources. It is not the plan to become profitable by producing and selling fuel.

The above strategy represents a change from the previous business plan. About two years ago the company raised funds to continue the development of the technology. Certain terms were required by that financing. Those terms happened to dovetail with a settlement with a SEC lawsuit involving an accounting issue in a previous acquisition.

As a result a new management team was put in place. John Bordynuik the company founder and the true force behind the technology was forced to step down as an officer or director of the company. There were other requirements as well.

The new management team all resigned as of last August 15 after a former director of the company, John Wesson, publicly exposed some of the efforts members of that management team had made to undermine the company.

Rich Heddle then assumed the position of CEO. That is when the business plan was changed to the current plan. Rich Heddle has successfully built his company, Heddle Marine, from a two man operation into the largest company of its type in North America.

JBII successfully tested the new flagship processor in 2013. Production now apparently is only done to process plastic waste for potential waste plastic generators that may have an interest in purchasing processors.

There exists public information the company has priced the processors in the $8 million dollar vicinity and is negotiating with several potential buyers.

There are two nearly complete processors that could be shipped in a few weeks time should a purchase order be closed. A case can be made the estimated cost for the fabrication each processor is in the area of $1 million. That would result in a gross profit for each processor sold of $7 million. A sale could be announced at any time.

There likely will be additional ongoing revenue to JBII for each processor sold by JBI for royalties, catalysts, software upgrades and for a maintenance contract.

The company has not filed its 10-K for 2013. The former CFO assumed his position last August 15 when his predecessor left in the "Wesson" house cleaning. He was very young and did not possess sufficient experience for the office he had assumed. He was replaced in March with a qualified new CFO. Neither the new CFO nor the company has spoken on the subject on when the financial statements will be filed but it seems reasonable that the new CFO should be given reasonable latitude in the performance of his job to be confident he releases information that will hold up to extensive scrutiny. It is quite possible the filing for Q1 will also be delayed.

This is the JBI iHub so I want to repeat a post made by Stocker ll earlier this morning to give a good over view of JBI's technology. I am a very satified investor of JBI since 2010. During that time I have seen many changes to increase the success of the company. Thank you stocker 11 for the following:

It looks like Agilyx has made some improvements over the last year. As stated before the closing to posting on this board there is room in the P2O industry to accommodate several. Is
Agilyx planning to go public? What is the user end fuel they produce now? Do they have the permits necessary to operate? JBI has met all these requirements and is currently held up by a change in personnel and auditors to be able the submit their 10K. I, as are many others, are anxious to see the results. Not so much the 10K but Q 1& 2 of this year. Very happy with the success of JBI and am pleased they have made processor 3 their Flagship.

or another successful technique.

The pyrolysis technologies are important to the future. I don't discredit any of the pyrolysis companies. I jusy don't understand why the current leader in the field, JBI, is being discredited on many levels. I agree with z's post #267644 "The industry Reaction to JBII P20 Bleeding Edge Technology".

I'm more interested in the tech with a long term goal, eventually, of buying into the leader of this long list of contenders. I do expect 5 or 6 to emerge and lead the way worldwide. Those possible leaders are now emerging. I await the leader(s) competition will select.

I agree 100%. Only I feel I have already identified the leader in JBI. This technology will support others because it will help our world with envionmental and energy issues.

Can this FAQ be a stick note on this board?

I don't know if it is true, but a poster on this boad said no information or pr can come from the company until the "late" 10K is filed. I too think it has something to do with the change in CFO and the audit. Patience is my self message. Besides some say "silence is Golden" - I hope it applies here.

I wish I had the photos when JB went to China in the early days of JBI. (I think the company was still in the table top model.) The pictures show so much pollution it looked dense fog.

Thank you for your honesty by admitting they are not public companies. Do they have necessary permits for environment and safety? Have they had independent tests showing the end results? The only study I am familiar with is the study funded by Columbia University Earth Eginieering Center where the outcome when comparing JBI to Agilyx and CGI shows JBI more advanced in environmental and finacial issues.

Transforming the Non-Recycled Plastics of New York City to Synthetic Oil
http://www.seas.columbia.edu/earth/wtert/sofos/ms_thesis/Demetra%20T_Thesis%20Final%20Rev%20for%20publication_April%2018.pdf
http://proceedings.asmedigitalcollection.asme.org/proceeding.aspx?articleid=1764710

ttp://s24.postimg.org/dpo96fgrp/ECC_DEMETRA_PG70.jpg

Thank you for the clarification. What exhanges are they listed? Do they have all the permits necessary for operation? Which states/nations are they listed? Thank you in advance for providing the information. Links are also requested. I notice Agilyx was not mentioned as a public company; yet, they were they were listed as the first on the list as successful.

I hope I am misunderstanding the meaning of your post. My interpretation is that the only aspect of "moving a company forward" is money irregardless of 1)scientific studies, 2)meeting all the licensing and environmental requirements. Are any of the companies represented by "deep pockets" represented on any stock exchange? To my knowledge JBI is the only company that is a public company. Have all that you mentioned with "deep pockets"
received the necessary environmental permits and filed necessary paperwork to the SEC?

I don't know if it's true or just hype. Some posters are saying JBI can't pr anything until the K is turned in. There wasn't a link provided with the statement so I don't know if it is fact or fiction.

Certainly not the opinion of an independent research study funded by Columbia University Earth Engineering Center. The researcher involved in conducting the study, may be a student in addition to a researcher, I had a research position while working on my doctorate so one could call my research as student research. The point remains this is an independent study where the researcher visited JBI, Agilyx, and CGI. The findings clearly show JBI's benefits financially and environmentally over the other two studied.
"JBI Inc’s P2O process is advantageous compared to the pyrolysis technologies of Agilyx and CGI because it has the highest operating capacity at a low footprint, it has the highest oil production yield, and it has the least environmental impacts. Furthermore, JBI Inc. is the only company that has managed to successfully recycle all of its light combustible gaseous products of pyrolysis for energy use in its process. This significantly reduces the overall external energy demand of the process as well as overall CO2 emissions. The P2O process is an economically competitive alternative to landfill disposal because it has a low total estimated cost and it generates a significant net income per ton of plastic waste processed."
This is a chart showing direct comparisons of the three studied. Taken from the 2nd link in the "Read these links" posted by Koolmoto.
http://s24.postimg.org/dpo96fgrp/ECC_DEMETRA_PG70.jpg

I agree. It's hard to tell truth from opinion if it isn't backed up by links. I particularly perfer links backed up by research.

Absolutely!!!

Koolmoto, this is the best post on this message board. I trust facts with links which you provide. I particularly like link #2 a research study funded by Columbia University Earth Engineering Science that compares the financial and environmental benefits of JBI, Agilyx and CGI. Again thank you for time spent collecting and presenting these links in one post. I wonder if this could be a sticky note at the top of this board?

Excellent post giving an overview of JBI.

A PR now would be nice. Personally I would not want a PR for the sake of a PR. I want a PR that gives the information pertaining to the status of the company in terms of processor sales.

Good all-round overview of JBI.

The researcher for this study funded by Columbia University Earth Engineering Center interviewed personnel and visited JBI, Agilyx, and CGI. There is a section devoted to all three proylosis systems. There was great information with statistical measures for all three; however, the information from the visits to Agilyx and CGI provided very little to report. The same statistical formulas was applied to all 3 types of proylosis which resulted in the chart provided. Anyone truly interested in the study (over 100 narrative pages and 25+ pages of graphs and statistical calculations) please look at the 2nd link on Koolmoto's "New to JBI read this links."

Thanks Koolmoto. This is the information I suggested this morning. Just open the suppressed link and you will see a side by side comparison of JBI to Agilys and CGI. This is from a study funded by Columbia University Earth Science Center.


[Suppressed Image]

I can't get the surpressed image to open. Just go to Koolmmoto's last post and you can open it there. Excellent side by side comparison of the three in terms of environmental and monetary aspests.

When Comparing the pyolysis of JBi to Agilyx; I suggest you read page 70 of the research study funded Columbia University Earth Engineeringg Center.

This is found in the links posted by Koolmoto daily.

I never heard of JBI changing from fuel sales to processor saled until the AGM last DEC. and after Heddle came on board. If information about processor sales was in the works prior to that time; I was left out of the loop.

And you know they have been talking their own processor all this time; how? ? ?
Granted they have preferred JBI since the beginning of the JBI/Crayola recycling program. Could it be they only decided on the possibility of their own processsor in Dec. when JBI announced the plan to sell. Only from that time would the talke begin followed by testing, and all things mentioned in my last post.

The corporate world doesn't work like small or individual business. (e.g...Before I retired I worked for a National Firm "the gatekeeper" for Mental Health insurance. Every time we had another state added it took over 6 months to get every thing in place - first the legal forces for both, then hiring the personel followed by on site tranining. Only after all this was accomplished we were able to announce the benefit and start providing the service. And, I'm sure many other issues had to be worked out. Even before the contract stage many visits to their management and likewise many visits to our corporate offices.

2) JBI is in the “processor sales” business.
Sounds great, what's the holdup? Why isn't the line of potential buyers moving? It's been months. How long is it going to take to sell one if they have many buyers?[/i]

The corporate world doesn't work like small or individual business. (e.g...Before I retired I worked for a National Firm "the gatekeeper" for Mental Health insurance. Every time we had another state added it took over 6 months to get every thing in place - first the legal forces for both, then hiring the personel followed by on site tranining. Only after all this was accomplished we were able to announce the benefit and start providing the service. And, I'm sure many other issues had to be worked out. Even before the contract stage many visits to their management and likewise many visits to our corporate offices.

Hope this gives some perspective to the above bolded questions.