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Everyone cares about the truth, tell him he should update his webpages to correctly reflect the minimum space needed.
And we all well know a 2,000sq' processor needs more than 2,000 sq' ....PERIOD!
WELL WELL!!! I just called the company and John answered the phone. He's working late and i couldn't believe i got him. You are CORRECT. The machine will not fit in a 1000 sq foot space any longer. It did at one point. He told me there have been so many changes and improvements it has expanded to 2000 square feet
Total footprint claim of 1000sq' is grossly misleading.
Total lie. I've literally seen bathrooms bigger than the footprint of the P2O plant it's so small.
The white insulation panels are no less than 4' wide. That equals about 20' between the rear column supports. Between the processor's, I count 2 & 1/2 steel columns equaling appr. 50 feet in lenght, add in the 12-15 foot space between processors = about 65 feet in total lenght needed per.
The yellow stairs clearly exceed the center of the building. The gable end columns measuring approx. 18' apart, which tells us the stairs easily reach out 30 plus feet.
Add a 12' road to travel and load the plastic to the processors, would only leave approx 12' along the other side wall for the storage of plastic.
65 x 30 = 1950sq' add 12' lane for plastic travel and 12' storage along the opposite wall, 24 x 65 = 1560sq' + 1950 makes a total of 3510 total sq' per processor.
Total lie. I've literally seen bathrooms bigger than the footprint of the P2O plant it's so small.
My point is for a cluster of only 3 processors this is going to require a company/JV to have 10,000sq' of unused empty space just sitting idle(not likely).
I see buildouts will be needed, with them taking over a year to complete from the time of any JV announcements.
In addition, If I were a possible JV I would want to see patents in hand prior to any buildout. Without said patents, JBI can't guarantee any JV that his processors don't infringe prior Art or infringe any unpublished pending Art.
That means the JV's are essentially gambling that JBi's processors will be protected from any future patent infringement and they would be building them at their own risk and absorbing all costs.
Plenty of land, your absolutely correct.
However, JBI needs JV's with extra land/space. That's the easy part though, the trick is convincing the JV's to do Multi Million dollar build outs with absolutely no guarantees that they won't be shut down.
JBI has no patents, they very well could be infringing 10's of other patents already filed, or unpublished and pending.
If JBI is found to infringe anyone of those patents, then here comes the ceast and desist orders/shutdowns.
Huge companies like Rock Tenn/Smurfit, IMO will want to wait and see proof of patents, before investing 10's of million or 100's of millions.
Why would I include office space?
The pictures tell the whole truth about space required per processor. Those are JBI's processors in the pictures and that is the warehouse, and those are 4 foot wide insulation panels.
http://www.oarsystem.com/ny/niagarafalls/photos/T000115/2911001600130001008000%20%20%20%200001.JPG
Rock Tenn hasn't signed nothing - but you already know that.
Yeah, I'm sure Rock Tenn's legal team has thought of that and made sure even before signing the referral agreement.
Pictures don't lie.
That ladder is past the center width of this warehouse - PERIOD.
http://www.oarsystem.com/ny/niagarafalls/photos/T000115/2911001600130001008000%20%20%20%200001.JPG
Even Ray Charles while blind and dead can see that...lol
I don't know, lets see a outfit like Rock supposedly could use a 100 or more processors. At 500k each not counting building out all that space, we're talking possible investment of over 100 million.
I would think the smart guys over there would want some kind of guarantee that there would be no future cease and desist orders, because the processors are found to infringe some patents belonging to others
No, I can tell the yellow ladder exceeds the center of that building by looking at the roof rafters in the picture.
Not in the center by the length of the building, but by looking at the width. It's clearly past the center of the roof, which helped me calculate how far off the wall the ladder sits for width purposes.
Look at the ceiling you'll see where the rafters form a light V that shows you the center width wise.
Wrong, anyone who can count by fours can add up the total space occupied by the processors in those pictures, by counting the four foot wide insulation panels.
So that LOI (letter of improbability) with a company capable of purchasing 3,428 barrels of fuel that would keep a cluster of how many processors humming is just a garnish to a sale of 241 barrels...lol
No commment on the fact that the same LOI (letter of improbability) was so perfectly timed in the same 8K announcing another accountant change?
I know, that doesn't stink at all - it was all just a pure coincidence, especially, after reading post after post about John learning his lessons and not announcing anything until it was a done deal. Over promised again and under delivered.
Even Ray Charles while blind and dead can see the difference of pure coincidence and that LOI....whoops - I mean garnish.
So, yes, the 100% fact I was agreeing with I was agreeing with because it was logical and accurate. They're selling the filet mignon and some people are asking what happened to the garnish contract.
This is well put???
why the fascination over a LOI that represented about 5% of the fuel produced when on the other hand he PRd and 8kd 2 other sales that represent 95% of the total output is beyond my feebleness to comprehend
There's so much fiction with what your agreeing with, I don't even know where to start.
That very Naptha LOI (letter of improbability) that was so perfectly timed with the 8k of another accountant change - was for 144,000 gallons or 3,428 barrels per week.
He replaced a 3,428 barrel per week sale, with a big 214 barrel sale to OXY and a maximum sale to Coco of another 241 barrels per week.
But you already knew this.
LOL well put:
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why the fascination over a LOI that represented about 5% of the fuel produced when on the other hand he PRd and 8kd 2 other sales that represent 95% of the total output is beyond my feebleness to comprehend.....
IMO, everything looks, feels and smells bad about the decision not to post the 2011 AGM after posting the 2010 AGM meeting.
There is no reason not to post the 2011 that makes sense on a positive note. They could have certainly done both the AGM and the promo piece...this is a bad decision and makes one wonder what he said - that he shouldn't have said.
This stinks to high heaven!
Al Sousa's LOI has been in the works for two years now...sooner or later - be patient.
Stated goal at AGM was significant news within 2 weeks.
LOI for naptha deal was expected to close in april and here we are in late June with nothing except a "we are still working on it"
What are you talking about these are the very people paid by shareholders to answer questions. How about they eliminate the position since he's not capable of doing the job professionally and save the money?
They are a bunch of characters, posing as IR.
Say what you want, how many investor questions were ignored today? Maybe if all the questions that were asked were answered more shares would be sold, maybe the stock would have closed green today.
Bottom line is if a buyer wants to buy and has a question, and is completely ignored by the company that buyer more than likely will hold off on investing and walk away with a bad taste in there mouth for the company.
The main responsibility of any IR dept is to answer potential/current investor questions and or concerns.
Maybe they have enough shareholders already or buyers?
Wait a minute, it looked they they had more sellers today then buyers, so maybe if IR did there job more shares would be sold which is beneficial to the company and the other shareholders.
So any JBI shareholder should be upset that IR is dropping the ball.
Perhaps he had rather be working to make the company more successful rather than answering emails.
Negative...the IR dept of JBII is a worthless joke. They only answer soft questions.
Like I said earlier I meant net losses, and at least I can admit my errors.
Perhaps he just chooses to ignore the tough questions.
I've had absolutely no luck, this guy is severely overpaid and doesn't return emails or voicemails.
Has anyone ever had any luck using the Investor Relations contact email on the P2O site?
I emailed them last week (as a shareholder) with two reasonable questions and as yet have had no reply.
Is there an email contact that JBI actually responds to? Does any one have any suggestions as to how I can get a reply? Id prefer not to call as I am not in N America.
Cheers
Patience...sure what's another few years....lol
0 for 3 completed...not a very good track record!!
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing
Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
http://www.plastic2oil.com/news/2009-press-releases/20091222-jbi-executes-loi-for-45-p2o-sites-in-florida.aspx
It is a JV, not an LOI last I heard.
False how, that it's been two years and nada?
So what.??????? He doesn't have to be mentioned to still be a player.....though the scale of players has dramatically increased over the last year. But you weren't there so you have no solid DD or reference other than hear-say from someone else. Many people, including myself spoke to Al at the meeting , and afterward.....what you have posted is false and purely speculative.....very unimpressive in terms of passing for knowledge, let alone DD
Al Sousa's name JV wasn't mentioned that's a fact, after 2 years you can probably consider that LOI - letter of improbability.
I didn't need to attend, the fact that his name wasn't mentioned even once is reported as fact - and the concensus of all that attended.
In fact when asked if his name was mentioned, the only response was no - but there was a sighting....lol
How do you know these things as fact...???? Did you attend the actual AGM....????
What ever happened to Al Sousa's 45 site JV in Florida? How many years have they had to work out that agreement? Just another LOI that bites the dust - like the last Naptha deal LOI.
LOI aka - Letter of Improbability.
Al Sousa's name or JV wasn't even mentioned during the AGM - but there was personal sightings of him, and a new mysterious - nameless billionaire, maybe even a UFO...lol
Even if JB mentioned a possibility of a JV with SSCC this doesn't mean squat, as Rock Tenn wears the pants now.
It's ok to dream, but right now all you have is a dream.
With what was said at the AGM concerning JVs, and also what was mentioned about SSCC, coupled with how the second fuel sale in the companies history wasnt even deemed news worthy by the CEO,
significant news IMO can only mean JVs.
And I have it pegged its Rock Tenn we are talking about.
Municiple solid waste and PVC connect the dots - theres only a few there.
If you think "No source seperated recyclables" has anything to do with PVC, a type of plastic that is seldom considered a "re4cyclable," then I have $17 million in fictional cash burn to sell you.
Nobody at the DEC ever made that claim, and you cannot provide a contact name and number of anybody who claimed that at the DEC so there's no reason to "argue with the DEC" when they never made that ridiculous claim.
My DD, and digging for the evidence on this issue currently speaks for itself, I don't make this stuff up it's all courtesy of the DEC and for anyone about to say it's just plain wrong - go argue with the DEC not me.
The DEC couldn't possible explain themselves more clearer when they say "No source seperated recyclables" unless approved in writing or Municipal Solid Waste Allowed.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011003255/f8k061411ex99i_jbi.htm
source seperated reyclables or Municipal solid waste as defined in 6 NYCRR Part 360-1.2(b)(106)
(106) Municipal solid waste means combined household, commercial and institutional waste materials generated in a given area.
http://www.dec.ny.gov/regs/4415.html
From what I've learned it's about the DEC having control over PVC entering the system.
Hopefully, John can get the needed approvals later on, who knows -it's entirely up to the DEC. I'm certainly not banking on that check or others untill it clears.
As it stands right now he leased a expensive MRF and can't use any source seperated recyclables or municpal solids delivered to it for processing....period.
Time to go drink another cold one - cheers.
One can hope, because if they all hit the market at once - it would definately leave a mark on the share price.
Incorrect, John was notified he was selling and quickly put a stop to it. Plenty of shares left, otherwise there would be no lawsuit.
I can honestly say that you recaps of the AGM appeared honest and were among the best - glty
You hope, all those shares hitting the market at the same time could certainly put a dent in the share price. This should be a real concern to all.
Further if its found by the judge that he indeed had the right to sell his shares at the time he tried. JBI might be liable for that share price he tried selling at, who knows if he tried selling them at the top or not. 3,500,000 x 7 per share that could be a huge judgement.
Just checking every angle...lol
Would those shares have restrictions on them, and are those the shares JBI stopped him from selling?
“[0]n September 10, 2009, R. Thomas Kidd acquired 3,500,000 shares of 310 Holdings, Inc.” and that “R. Thomas Kidd had sole power to vote and dispose of each of the 3,500,000 shares of 310 Holdings, lnc. beneficially owned by him.”
Maybe John just gave him shares, if he gave them shares they would be shareholders right?
BS.
Yup a lot of proof there...
investorshub.advfn.com/boards/read_msg.aspx?message_id=64143440&txt2find=Honeywell
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Strategic partnerships with parts/equipment providers, most are shareholders, one such partner is Honeywell (need someone to confirm this for me).
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Thanks Steady for keeping it real.
DEC is very concerned about PVC and chlorine. By specifying pre-consumer waste, which is what JBI was asking for by the way, DEC feels that there is much greater control over the possibility of PVC entering the processor.
JBI chose not to fight the battle for source separated plastic during the initial permitting process. There were already too many issues to deal with since NYDEC had never seen a facility like JBI's before.
JBI may choose to ask DEC for additional sourcing privileges in the future.
Maybe JBI paid him in shares? If Honeywell was paid in shares that would make them shareholders.
Absolutely shocking, huh?
Who'da thunk that JBII would BUY control components from Honeywell
Who'da thunk anyone would regard "buying components from Honeywell" as proof Honeywell is a shareholder in JBII.
No digging needed, from what i'm reading source seperated recyclables, and municiple solid waste are two different animals.
So the question is valid, is the MRF they purchased as limited by the DEC only good for waste audits/storage?
(106) Municipal solid waste means combined household, commercial and institutional waste materials generated in a given area.
Would section 106 not speak to plastic?
http://www.dec.ny.gov/regs/4415.html