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Many are one time only costs. I disagree that they don't need a sales force. They partner with suppliers of plastic. They sell fuel. They will be selling processors. No sales force would make it very difficult to do all of this. I don't think that too many companies could be convinced to get rid of their sales team. Businesses also need administrative, without it the business becomes disorganized and would have management trying to do their jobs as well as the less "rewarding" tasks. I don't sweep the floors at my manufacturing plant, I do what I do best, what brings the money in.
SG&A will go down. You'll see it over the next couple of quarters.
Uptime and throughput
80-90% uptime and 2000-3000 lbs per hour throughput.
Costs going down. Production going up. Proof of concept right around the corner. Sales coming. The future looks bright for JBI and all investors.
He is neither, he is a VERY smart, VERY hardworking and VERY successful businessman.......self made multi-millionaire. Rick Heddle will see this through to fruition. I'm long and strong and won't be broken.
Cheers to all longs!
Those who sell will suffer their loses, longs will win!
I for one am very impressed with what JBI has accomplished since inception. Im staying long on this investment.
10% doubles in 7 years, looking for a much greater return than that here.....much, much greater!
Are you saying that JBII is not capable of being manipulated? Markets billions of times larger than JBII are being manipulated !
If you believe in this company then hold your shares, perhaps buy more as I have done recently. If you feel that this is a scam or a failure, then sell, or do not buy.
And I'll be one of those who will pick up those shares. Been there, seen it.
It sounds like 66.667 % more to me.
You're right, I'm not.......That's why I asked you to explain.
I HAD THE SAME CONCERN.........THAT'S RIGHT........I SPOKE WITH THE COMPANY TO GET MY ANSWERS !!!!!!!
I'll bet that there's others as well. ;)
Can you please proved proof that what you say is "true"
My "belief" is that John's family and friends are long, long, long!!!!!!
They, like I......know. ;)
Not true
I did not speak with IR, I spoke with the CEO. I will not speak for JBI, I will let the company speak for themselves. I am very confident with this company! I have a lot of money invested in JBII, and thanks to my DD, I'm not less confident, I'M MORE CONFIDENT !!!!!!
It's interesting that you have this concern, I also had the same concern the very second that I heard it announced during the CC. You know what I did?..... I questioned it, not on a message board, but to the company.......no guessing involved in my life!
Here's to your next big win Gort !
Real USED oil !
Excellent post Korogi!!!!!
I truly hope that the company reps are reading posts such as yours and use the suggestions that some have to offer.
Bought more shares during the panic selling this week.
When did John send you that letter?
Thank you.
You're not the closest, you estimated dollars....not gallons!
I agree, I'm buying throughout this panic.
Zardiw, you are correct on both counts.
There is nothing stopping them from getting an Engineers stamp. I've gotten things stamped, I'm not an Engineer........just need to pay an Engineer to inspect and stamp.
As am I
you are bang on. 4 and 5 need to be, and will be sold. That is what is best for JBI and it's shareholders. Things are changing for the better with Rick Heddle at the helm. I've been long for a few years, and I can see a very bright future ( not so distant of a future )
It does not take a gallon of HTF to produce a gallon of fuel. The cost per gallon depends on the amount of HTF that is combined with the plastic to produce a gallon of fuel.
Great post, well stated !
Why no.....no it's not. How about real proof?
Got proof ?
He was hard at "work" and I determined that by using my keen eye.
The conspiracy theories that are shared here a a joke. Plastic and used oil in one end....diesel out the other.....simple for some to understand. BTW both Rick and John were there working hard when I was there the other day. Working hard to make this company a massive success. 4 years is a very short period of time to get to where we are. 60 mil is a very small amount of money to get to where we are. Where we are is world class!!!
Sounds great, I look forward to that day.
Things do look so very super groovy inside!
What's that?... a competitor lost 43 mil in just one quarter. Wow!, just wow!!! ;)
The US sure does need all of the fuel it can get from inside of its own borders, cause when the USD is not the reserve currency any longer and not worth half of what it is now, the US will only be able to afford to buy fuel from inside of its own borders.
You don't know that for a fact. They are not going to announce every 100k that comes in from small investors.
And that's a fact Jack.
They ( we ) are closer than you know.