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LOSS FROM CONTINUING OPERATIONS $(15,118,309 )
Sales = $2,576,221 (including the now sold Javaco)
I agree - not doing well - actually doing poorly.
Did I miss the sale of Javaco? I saw the Pak-it sale.
The process servers are too busy in the Niagara Falls area at this time.
Interesting everyone keeps picking on Agilyx. Not even close.
I have no doubt that pyrolysis works. I have no doubt that they have a facility in Niagara Falls. After all, there have been many videos and schematics published showing the process.
I totally agree that what I do doubt is the accounting, the legitimacy of JBI's claims about the business they are in, the technology they have developed, and its viability.
It's rather difficult to take your "research" seriously when you've never been to the P2O site to see the process first-hand.
Of course I'm referring (as were you) not simply to the accounting errors, but the legitimacy of JBI's claims about the business they are in, the technology they have developed, and its viability.
REVENUE & TANKERS ON BNN - THE PITCH!!!
David: Well John has a bit of a “too good to be true” smile on his face which makes it hard to make a decision. But if what he says pans out, to your point (pointing at Vince) with the patents and what not, this is the kind of project that is on the mark and the financial markets will reward him and he’s already taken that first step to go to the over-the-counter market. So I think that mix of debt and some extra angel investors - this is something that I think has a lot of potential.
Host: Vince, you see a lot of technology pitches. What do you look for?
Vince: With technology it’s tough because technology pitches often are earlier stage so it’s – we like to see traction. We like to see actual revenues as opposed to – good ideas aren’t just great ideas until they start generating revenue and, even more importantly, profit and EBITA.
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.
Host: So guys, I think Ellis it was qualified interest, Vince the same for you, and David the same for you?
David: Yeah, because I think he’s got a good opportunity mix that lends itself to all kinds of different investors, including his capital equipment ask, which is part of his five million. So I think he’s on the right track and I’d be interested in that.
This aired in April 2011
http://watch.bnn.ca/#clip457091
Evidence and credibility.
The decision is not dependent on "how you post" as this is simply a stock message board and we are only expressing our opinions.
My research shows strong evidence that implies fraud. Credibility has been an issue since the beginning. Lies cannot be construed as "forward thinking". Reference the BNN Pitch interview and many other statements made by the CEO.
Are you seeing a different summons from the rest of us? I didn't see any names on anything that has been posted. Can you please post the copy you have?
The janitor must have known how to mix that window cleaner since he's now the head chemist. Makes you wonder what he knows.
Like I said the janitor had absolutely nothing to do with TRTN/JBII in 2008. Since reading the board and seeing she is the one listed on the summons paperwork, isnt she in violation of disclosing confidential information? It will be fascinating to find out why she got canned, stealing toilet paper?
10Q DUE MAY 10th
3 weeks of more speculation. Oh but wait. OSC interviews are next week!
But when they stop getting those paychecks...Watch Out!
2/10/2006 JBI/aka John Bordynuik, Inc. an Ontario Company incorporated
9/27/2007 John Bordynuik, Inc. a Delaware company incorporated.
6/2/2008 John Bordynuik, Inc. Delaware Purchases Expedite 2, for 10K and receives 100,000 shares.
2/10/2009 John Bordynuik, Inc. Ontario reverse mergers into Expedite 2/John Bordynuik, Inc Delaware
issued 58,521,250 common shares to the shareholders of the subsidiary company acquirement of their shares, or 234,085 shares, or 250 shares for each share.
2/10/2009 Capitalization. The authorized Capitalization of EXPEDITE consists of 100,000,000 Common Shares, $0.0001 par value per share and 10,000,000 Preferred Shares, par value $0.0001. As of the date of the merger agreement, there were 100,000 common shares outstanding.
2/18/2009 Officially changes name from Expedite 2 to John Bordynuik, Inc.
She had 7.75 million shares of Expedite stock in 2008 according to the S-1 filing so none of the OSC stuff has anything to do with TRTN or JBII. How in the world did the janitor get so much stock? Its just more frivolous nonsense trying to distract JBII from continuing with processor roll out that is sought after for its liquid GOLD.
What can you tell us about the Elsley termination?
Where did you get the address you listed for Sandra E? I just read the entire filing and some other filings and couldn't find it anywhere. That's creepy.
There are a lot of "S" names on this list of shareholders. Can't tell if they were from Expedite 2, John Bordynuik, Inc.(Ontario), John Bordynuik, Inc.(Dekaware) and if they were rolled into TRTN/310/JBI.
1264282 Ontario Ltd. (Jade Amusement) (1)
8,000
1515437 Ontario Inc. (2)
200,000
Anthes, Colin B.
20,000
Anthes, Fiona
16,000
Anthes (In-trust Emily C. Anthes), Thomas
16,000
Anthes, Thomas Victor
200,000
Bagley, Brenda (3)
50,000
Barnett, Alan (4)
232,000
Barnett, Tom
6,000
Barnett, Holly
24,000
Beam, Janet
4,000
Best Real Estate Buy Inc. (5)
30,000
Biamonte, Joseph
10,000
Biamonte, Napoleon (6)
122,000
Biamonte, Ralph
5,000
Biamonte, Sarah
2,000
Bjorgan, Chris
2,000
24
Boric, Doug
8,000
Boric, Dean
30,000
Bosche, Donalda
30,000
Bosco, Kelly
10,000
Bosco, Larry
10,000
Bourbonnais, Mike
20,000
Brain, Kevin
116,000
Brewster, Donna
3,000
Brock, Erwin
2,000
Brown, Ian
200,000
Brown, Tina
200,000
Candler, Curt
20,000
Cavanagh, Christine
2,000
Chevalier, Wayne Thomas
20,000
Cooper, Richard
1,000
Crown, Heather
1,000
Cucuz, Dragoljub
1,000
Cucuz, Nada
1,000
Cucuz (In Trust-Juliana Cucuz), Nada
2,000
Cummings, Stephen
20,000
Cushing, Catherine A.
10,000
Cushing, Robert M.
10,000
D'Amico, Michael
10,000
Dickson, Lorraine
10,000
Dixon, Betty
2,000
D'orazio( In-trust Samara & Lucas Jeffery), Marina
10,000
Dutton, Evan
80,000
Elsley (In-trust Kristin Elsley), Sandra
3,000
Esposito, Christina
1,000
Evans, Catherine
1,000
25
Evans, David
35,000
Evans, Michael
1,000
Evans, Robin
120,000
Evans,Wendy
150,000
Evans, Gordon
4,000
Everson, Connie
8,000
Farrington, Pamela L.
2,000
Ferrante, Theresa C.
12,000
Finch, Raymond
3,000
Finch, Ruth
3,000
Forsyth, Jeffrey
50,000
Forsyth, Victoria
50,000
Gallo, Roy
40,000
Gatto, Nikkie
1,000
Gerhardt, Kent
5,000
Goodyear, Charles
24,000
Goodyear, Hope
2,000
Gordon, Rachael
4,000
Green, Michael
170,000
Harris, Barbara
8,000
Haskell, David
1,000
Haskell, Nancy
3,000
Hrin, Peter
50,000
Hunter, Gillies
300,000
Lane, Jennifer
250
Jewell, Pat
2,000
Johnson, Scott
66,000
Jordan, Earl T.
20,000
Jovanovic, Mirko
20,000
Kafal, Adam
2,000
Kafal, Paul
44,000
Kafal, Peter
52,000
26
Kajganich, Anne
2,000
Kajganich, Joanne
1,000
Kajganich, Michael
1,000
Kajganich, Nicholas
1,000
Kajganich (In-Trust Bradley Kajganich), Nicholas
1,000
Kandasamy, Fay
120,000
Kandasamy, Gerald
80,000
Kandasamy, Keith
17,000
Kelly, Mary
7,000
Kelly, Patrick
7,000
Kelly (In Trust-Scarlett Kelly), Mary
5,000
Kelly, Patrick Thomas
1,000
Kent, R. Gordon
40,000
Kobryn, David
20,000
Kobryn, Scott
30,000
Krkljus, Mile
10,000
Lane, Jeremy
100,000
Latinovic, Boro
2,000
Lazaroski, Dejan
6,000
Litalien, Connie
22,000
Litalien, Trisha
10,000
Macesic, Branko
8,000
Macesic, Milan
4,000
Macesic, Milja
4,000
MacGregor, Ian
46,000
MacGregor, Jeannette
10,000
Mackinnon, Carol Ann
2,000
MacLaren, Glenn
100,000
Martin, Patricia
20,000
27
Martino, Maria
15,000
Martino, Rocco
15,000
Martyn, Bonnie
3,000
Martyn, Gerald
3,000
Maskell, Scott
10,000
Mason, Peter
4,000
McGarry, Marion
2,000
McGaw, Dawn
500
Melchiorre, Lynn
5,000
Melchiorre, Paul
1,000
Mills, Kerry
20,000
Mitrovic, Daniela
10,000
Mitrovic, Miladin
10,000
Moldenhauer, Dean J.D.
4,000
Mrkalj, Andjelko
10,000
Orescanin, Daniel
1,000
Orescanin, John
5,000
Orescanin, Mary
1,000
Orescanin, Mildred
25,000
Orescanin, Nathan
1,000
Orescanin (In-Trust Grandchildren), Mildred
4,000
Pang Jr., Peter Allen
8,000
Paskey, Cindy
90,000
Pieterse, Frank
32,000
Pinder, Wendy
391,000
Pinder-Doede, Caitlin
2,500
Pinder-Doede, Carrie (16)
2,500
Pirsich, Stephan
2,000
Plante, Chad
2,000
Plante, Sabrina
2,500
Pompetzki, Monika
140,000
Popovacki, Carol
10,000
28
Popovich, Dara
2,000
Popovich, Dusan
20,000
Prytula, Linda (17)
28,000
Przybysz, Irene
50,000
Radojevic, Lidija
4,000
Rice, Keri Frances
20,000
Richard, Diane
200,000
Richard Jr., Gerard
20,000
Richard, Yvette
20,000
Richards, Bill
30,000
Robbins, Glenn
3,000
Robinson, Barbara
2,000
Rogers, Stephanie
2,000
Romanek, Sharron
3,000
Roth, James D.
10,000
Rouillier, Lise
3,000
Roy, Richard
50,000
Rusic, Bosiljka
1,000
Rusic, Dragon (Danny)
1,000
Saccone, Len
5,000
Samdass, James
4,000
Seburn, Janice
2,000
Senese, Karen
2,000
Senske, Jerrold
4,000
Smith, James H.
20,000
Smudja, Zeljko
6,000
Spadotto, Michael
20,000
Srdjenovic, Nedeljko
4,000
Stark, Laura
2,000
Stark, Lisa
2,000
Stark, Pamela
6,000
Stark, William
60,000
29
Stark, Amy
2,000
Stark, Doris
20,000
Stark, Juliana
2,000
Stark, Malcolm
20,000
Stathourakis, Eugenia V.
1,000
Steip, Ronald (Al)
1,000
Stoll, Joan
4,000
Tsiantoulas, Katherine
12,000
Tsiantoulas, Nicola
2,000
Tsiantoulas, Christos
4,000
Tunstall, Charlotte
2,000
Utvich, David
2,000
Utvich, Danica
10,000
Utvich, Daryl A.
2,000
Utvich, Gregory T.
2,000
Utvich, Judith
1,000
Utvich, Lauren
2,000
Utvich, Melissa E.
2,000
Utvich (In-Trust Amelia Rae Utvich), Gregory T.
2,000
Utvich Jr., Michael E.
2,000
Utvich Sr., Michael E.
2,000
Vandewater, Carolyn
5,000
Varcoe, Ryland
2,000
Varcoe, Scott
4,000
Velemirovich, Dragica
2,000
Vujic, Branislav
2,000
Water Communications Inc. (7)
400,000
Weir, Ludmilla
10,000
Widdis, Patricia J.
329,530
Wright, Grant
80,000
Yelda, Dany
4,000
30
Yorke, Steven
10,000
Zubic, Tihomir
4,000
Elsley, Sandra (21)(23)
7,750,000
Bordynuik, John (22)
37,000,000
Stark, Malcolm
133,250
Stark, Malcolm
50,000
Stark, Malcolm
50,000
Stark, Malcolm
33,250
Stark, Malcolm
40,000
Doede, Steve (8)(23)
1,400,000
Bordynuik Sr., John (9)
2,000,000
Seburn, Brian (10)(23)
75,000
Caputo, Marie
55,000
Steip, Ronald (Al)
10,000
Popovacki, John
50,000
Barnett, Alan (4)
125,000
Deurloo, Beverley Joan
120,000
Wright, Grant
80,000
D'Orazio, Marina (11)
46,875
Widdis, Patricia J.
67,000
Widdis, Patricia J.
120,000
Anthes, Thomas Victor
150,000
Kafal, Peter
48,000
Stark-Chevers, Roberta
20,000
IP Trust (12)
1,500,000
Corp. 1683091 (13)
1,500,000
Matkowski, Barbara
20,000
Goodyear, Charles
90,000
Matkowski, David
3,500
Matkowski, Derek
2,000
Falconer, Frank
20,000
Harry Fois Poultry Farms (14)
40,000
31
Myers, Howard
20,000
Mehta, Jasmin
5,000
Craig, Kathryn
15,000
Matkowski, Kathryn (15)
8,000
Yole, Leslie
8,000
Kafal, Adam
750
Kafal, Paul
1,250
Gorman, Sheri
4,250
Dorey, Jeffrey
8,000
Nicholson, Donna
5,000
Lahaie, Mike
2,000
Clarke, Steve (18)
2,000
Brown, Christopher
4,000
Stark, Lisa
8,000
Hunter, Karen
4,000
Stark, Laura
2,000
Barnett, Alan (4)
45,600
Boric, Dean
14,000
Boric, Douglas
8,000
Byford, Dennis
6,000
Cushing, Catherine
10,000
Cushing, Robert
10,000
Kvas, Anton
10,000
Macesic, Branko
16,000
Malivuk, Milan
30,000
Mitrovic, Miladin
20,000
Mrkalj, Andjelko
8,000
Prytula, Linda (17)
40,000
Robbins, Kristen
1,000
Robbins, Lara
2,000
Robbins, Valentina
3,000
Stanojcic, Andja
2,000
32
Van Dongen, Cory
10,000
Van Dongen, Wilhelmus
10,000
Optic Light (19)
10,000
Pirsich, Steve
5,000
Bordynuik, Janet
2,000
Gisel, Tara
2,000
Litalien, Connie
13,000
Albano, Bruno
2,000
Beni, Mildred
3,000
Orescanin, Mildred
120,000
Culliford, Keith
1,400
Drapeau, Lynn (20)
10,000
Maxwell, Larry (24)
10,000
Maxwell, Meredith
45,000
Schertzing, Christine
25,000
Schertzing, Bert
25,000
REDDAGE. When's the AGM?
And both are fiction.
PPS is forward-looking, not based on current financials.
Any response from the SEC to John Bordynuik/JBI's answer to the complaint?
10Q DUE MAY 10th
OSC meetings next week.
Shuffling JBI/John Bordynuik, Inc.(ontario), John Bordynuik, Inc. (delware) and associated shares. The share count jumped around and original shareholders in John Bordynuik(ontario) and Expedite2 - didn't get their due when things where played out. Shell game.
Where is the JBI melted plastic that was in the original show? Did they post a new video cutting that out?
Dumpster diving guy is real inspiring! Makes me want to...hmm. No.
The look of love on JB's face when the tall dude is holding the vessel with the urine/mountain dew/used cooking oil colored liquid is scary. I'm surprised the breathing rate didn't come across on the video.
LEAKS. Speculation about an SEC investigation and even a Wells notice was on the boards at least a year before it was filed. There was too much share shuffling with the shells and the John Borynuik, Inc.'s (Delaware, Ontario, JBI) etc. Go to the SEC website and do a search for "Bordynuik". If you can figure out the share shuffling - let me know. I'm still trying to figure it out.
Regarding leaks, the wells notice was talked about months before JBI received one. There was a deleted message on Ihub Christmas day that pretty much outlined the events of Jan 4th.
I believe that if the OSC is investigating JBI it is for uplisting to the tsx or tsx-v.
© 2012 InvestorsHub.Com, Inc.
Kind of like the SEC was doing an investigation for months before the Wells Notice and months before the SEC complaint was filed?
Solid Waste Permit - did I miss the modification? I see the air permit mod but nothing for the solid waste permit. Perhaps the NYDEC decided the property is too small to handle the solid waste?
19,338,390 shares have become free-trading since the first AGM (an 82.5% increase).
Apr 26, 2010:
OS: 50,118,450
Restricted: 26,668,450
(Float: 23,450,000)
Apr 16, 2012:
OS: 73,049,709
Restricted: 30,261,319
(Float: 42,788,390)
10Q DUE MAY 10th
Will it list JBI Canada as a subsidiary? It didn't in the 10K.
JBI raises money selling shares. Diddly revenues.
Didn't show a truck on JBI property. Showed a truck turning around. Next visit, can you get a truck inside the fence?
256,541 more shares off restriction so far in April. OS unchanged.
Apr 16, 2012:
OS: 73,049,709
Restricted: 30,261,319
(Float: 42,788,390)
Mar 30, 2012:
OS: 73,049,709
Restricted: 30,517,860
(Float: 42,531,849)
Mar 23, 2012:
OS: 73,049,709
Restricted: 31,857,058
(Float: 41,192,651)
JBI wasn't always a US company.
On February 10, 2009 the Company entered into a merger agreement with the subsidiary Company, John Bordynuik, Inc., a Canadian company. The Company issued 58,521,250 common shares in exchange for 234,085 common shares, or 100%, of the subsidiary, John Bordynuik, Inc., which is 250 common shares for each share. The merger is accounted for as a reverse merger and therefore the subsidiary’s financial statements become that of the Company’s. The shares issued by the Company are considered a private placement and therefore exempt from filing with the Securities and Exchange Commission. The following are the stock issuances of the subsidiary accounted for as the Company’s:
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6408414-151597-184273&SessionID=41yAFeDu1W-FxX7
I'm sure they've already talked to the invisible man at some point. Wonder what this is all about? Think Bordynuik found some of his qualified pipe investors in Canada and they're 'concerned' enough to call the OSC?
I'll call the transfer agent and check unless someone has already. Anyone call today?
Any news from the TA on shares off restriction?
Jan 5, 2012:
OS: 68,615,380
Restricted: 31,665,622
(Float: 36,949,758)
Mar 16, 2012:
OS: 73,049,709
Restricted: 32,129,823
(Float: 40,919,886)
3,970,128 shares have come off restriction so far in 2012.
And there in is the rub - Fiduciary Duty. Discount shares, shares for compensation, media credits, Pak-it, Javaco, Tape reading. There is probably some asset exchange agreement with RKT in the hidden text in the filings.
Anyone could buy discount PIPE shares from juicy. He would be more than happy to have an institutional investor on board to add to help his legitimacy. The sad thing is his story is so pathetic he could not even con even the lamest of funds to invest.
What you purport is diametrically opposed to how finance works and would be a borderline breach of his fiduciary duty. It would hinder the stock and company because of some bizarre baseless idea.
10Q DUE MAY 10th
SEC reply to the deny this week?
It was a Cradle to Grave analysis of JBI if I recall. WM did a cradle to grave *whole analysis* of JBI. WM walked away from JBI and gave their money and their business(WM is building a facility to use the Agilyx process) to another company that buys plastic(no recycling facilty, no shredding), sends it to a refinery(no blending facilty) and has no magic catalyst. And no SEC complaints.
So IMO you are correct.
WM walks from the too good to be true OTC stock and puts a load of cash in a similar company that does the same thing and does not have a too good to be true story.
That tells you all you need to know about why JBII will be down 99% in the coming years and the other company will likely IPO (using big, savvy money). Woe to those who believe the magic beans OTC stories.......
The catalyst that's not protected by a patent? The one they are protecting as a trade secret? How many of those 56 people know what it is? Ex employees/directors/officers? If Agilyx or anyone else wanted that catalyst - they'd have it.
If I was working around the unwashed, unsorted plastic food wrappers that JBI is purportedly melting, I'd wear a hazmat suit.
The key is the catalyst - which Agigoopty-Doo doesn't have, that is why they are stuck with Toxic Black Sludge that is a "gel-like" substance resembling synthetic crude oil that still needs refining. The Agiturd's product is 8-10 more EXPENSIVE than JBI's, and that does NOT include all the costs for the Hazmat Suits.
WRONG. Several companies have multiple plants. These are couple of them. Interesting article too if you want to learn about the different types of pyrolysis.
http://www.whole-systems.org/recycling_and_pyrolysis_of_plastic.html
Pyrolysis Plant Manufactures
Ozmotech, Melbourne-based environmental technology manufacturer, developed its ThermoFuel system using a pyrolysis chamber, a patented catalytic converter and a series of specially built condensers to produce energy-rich diesel fuel from unsorted waste plastics. Plastics that are unsuitable for other recycling purposes because of an undesirable or contaminated mix of polymers are no problem. Ozmotech has spent two years developing the original pyrolysis technology into a fully operational system capable of producing over 19,000 litres of diesel fuel per day for less than 30 cents per liter. Several systems are already in operation in Japan but the fuels produced are used exclusively for power generation through diesel generators.
The Envion Oil Generator accepts PET, HDPE, PVC, LDPE, PP, PS, and several other plastic materials, such as GPPS, EPS, HIPS, and PA. Envion originally developed their platform as a joint effort between South Korea and the US to assist China with the growing problem of trash. The first plant they built was to be mounted on a barge for use on a major river in China. It would travel up and down the river to process waste, mostly plastic, and create oil that could be further refined into fuel. They now have a plant operating in Derborne Maryland and plants in China.
Yet to be proven by run tickets or revenue.
JBI already has a plant to produce ultra-clean, spec-grade, ready to use fuel 24/7 (not that crude crud that comes out of a Agigoop machine).
Yet to be proven by run tickets and revenue.
JBI even managed to do this in under 3 years where Agigoop has been struggling with it for 8.
Is RockTenn building a plant to use JBI's process like WM?
Waste Management is building a plant in Oregon to use Agilyx's fuel technology, and its investment includes rights to the plastic-conversion technology for a decade, Rush said.
My money is on JBI, since they already have a ten-year contract with NYSE:RKT, who just happens to be a very large waste-plastic producing company.
Yet to be proven with revenues.
JBI is already selling tanker after tanker after tanker after tanker of their fuel to happy customers 24/7.
Waste Management is building a plant in Oregon to use Agilyx's fuel technology, and its investment includes rights to the plastic-conversion technology for a decade, Rush said.
http://www.southcoasttoday.com/apps/pbcs.dll/article?AID=/20120415/NEWS/204150358/-1/rss02
JBI has feedstock expenses. They may not purchase the plastic(yet) - but it's not "free".
JBI has the recycling facility and it's expenses. The blending facility and it's expenses. The office building and it's expenses. The tanker and it's expenses. 56 employees expenses to shred, bag, move, drive, blend, etc. Transportation expenses to get the plastic from the MRF to Iroquois and back to the blending facilty. By the JBI spends that, maybe Agilyx has the right idea.
Agilyx on a junket? Looks like they'll be exhibiting in Vegas and lots of other places - including Toronto.
http://www.agilyx.com/media-room/events
JBI is going to the Sagamore at Lake George where they can stay in a $200/night hotel room
http://www.nyfederation.org/Sagamore.htm
Exhibit - booth space starts at $800.00
http://www.nyfederation.org/Exhibitors.htm
Participate in any number of fun activities for a fee.
http://www.nyfederation.org/Information.htm
http://www.nyfederation.org/Activities.htm
But It's really cool that their staff is going on junkets to places like Las Vegas to pump investor cash into the slot machines.
We lack significant experience operating commercial scale P2O processors and may encounter significant difficulties operating on a commercial scale or expanding our P2O business.
Operating Expenses. We incurred $15,572,401 in aggregate operating expenses during the year ended December 31, 2011
Our P2O process and processors may fail to produce fuel at the volumes, yields and costs we expect.
The SEC has filed a civil complaint against us and certain current and past officers alleging that we reported materially false financial information in some of our past periodic reports, and a class action lawsuit has been commenced against us related to those allegations. Any unfavorable outcomes of the proceedings could have a material adverse effect on our business.
Our future success is dependent, in part, on the performance and continued service of John Bordynuik, and on being able to attract and retain qualified management and personnel.
Concentration of ownership among our existing officers, directors and principal shareholders may prevent other shareholders from influencing significant corporate decisions and depress our share price.
We may not be successful in the development of individual steps in, or an integrated process for, the production of commercial quantities of fuel from plastic feedstock in a timely or economic manner, or at all.
Competitors and potential competitors who have greater resources and experience than we do may develop products and technologies that make ours obsolete or may use their greater resources to gain market share at our expense.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
ITEM 1A. RISK FACTORS
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
25 PAGES OF RISK
Beginning on page 14. Ending on page 39.
Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern.
Our independent registered public accounting firm, in its audit opinion issued in connection with our consolidated balance sheets as of December 31, 2011 and 2010 and our consolidated statements of operations, stockholders’ equity and cash flows for the years ended December 31, 2011 and 2010, has expressed substantial doubt about our ability to continue as a going concern given our net losses, accumulated deficit and negative cash flows. The accompanying consolidated financial statements were prepared on the basis of a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business, and accordingly do not contain any adjustments which may result due to the outcome of this uncertainty.
Not looking good for the near future.
We have incurred net losses since our inception, including losses of $14,343,469 and $18,259,363 in 2010 and 2011, respectively. While we expect that we will begin to generate cash flows from operations in the near future, we expect to incur losses and potentially have negative cash flow from operating activities for the near future.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
Page 15
10Q DUE OUT MAY 10th
We'll be hearing from the SEC before that though.