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Sorry to hear about your predicament Yosako. I was stuck in a stock (MAAL) because Penson declared it non-DTC eligible despite it being a very profitable and well-run company.
Like you, I am a foreigner, so I was not allowed open an account with most brokerages. (Fidelity, Ameritrade)
You also have to avoid any other brokerages affiliated with Penson (as there are quite a few)
Google discount brokerages in the US and write to all of them for advice. Other than that, can you put in a good-to cancel order with Zecco pre-specifying a certain amount sold each time such that you don't need to constantly call for phone trades? I really don't know.
I hope they say nothing about the catalyst. Absolutely nothing.
I don't care how they found it, the last thing we need is a competitor trying to put 2 and 2 together.
SPIN's regulatory risk.
I am aware of a couple of things in this regard.
1. SPIN chooses states which are likely to be more friendly to its business model
2. SPIN carefully structures the agreement with physicians such that they do not provide any medical service - avoiding he charge of "fee splitting"
But that is all I know. Can anyone help in providing more details as to the risk of regulatory changes adversely affecting SPIN (or lack thereof)
10q out
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8616166
"The P2O business continues to ramp to our full production capacity. During the quarter, the first processor was run during January until we began full construction on the second processor. For safety reasons, running the processor during construction and metal fabrication is not done. At this time, the first processor was shut down for a full safety and maintenance check. During the last week of February, we began the production of fuel from our second processor. At this time, we began testing, fine tuning and performing a full evaluation of the processor, its individual components, the systems designed to run the processor and gathering and monitoring significant amounts of data on all aspects of the system. This testing and monitoring resulted in confirmation that the processor was functioning in the way it was designed, the system and design worked in accordance with our design specifications and the computer systems designed to operate, track and evaluate the system were operating effectively.
I don't really care if SPIN is a cent or two off original guidance at the end of the year. (even though it'll probably meet its own guidance) It'll still be too cheap regardless.
This obsession with when financing is coming, will they or won't they miss or beat by 1c or not etc.... Big distraction and the product of day-to-day message board boredom IMO.
This is a recession proof business/undiscovered/growing very fast/shareholder friendly management company.
Load up while you have a chance.
I sure would hate to be employed by those with a naked short position and my job security rested on JBI NOT going up.
It does not matter because there is more than enough plastic for everyone.
Repeat, Agilyx's success or failure is irrelevant to the success of failure or JBI.
Totally and utterly irrelevant.
If the processors work even half as well as claimed, then the shorts on this stock will be completely destroyed and the various cohorts will be out of a job. (IMO)
As I predicted, no Microfill.
What a surprise.
Special distribution of a worthless stock.
Anyone tried calling the contact number- guess what, an answering machine.
The scam continues.
Great post. Realistic and accurate.
Then you should not have replied to my post saying that where it appears as a message to me in my mailbox, you should have posted a new message. I think you have been around on ihub long enough to realize that.
And no where did I say I like Penson as an investment. I was simply replying to your reply which said - "What say you naked shorters?"
The next time you make an insulting allegation like that do your research.
I go long only on undiscovered microcaps.
Various people on this site know and trust me.
Here are a couple of my briefer write-ups.
http://www.gurufocus.com/news/134463/making-money-from-smiles
http://www.valueuncovered.com/repro-med-systems-repr-the-beauty-of-recurring-revenue
I have longer write-ups if you join microcapclub.com
p2o revenues alone.
I don't know if they will break it out by division.
Now...as you promised...your estimates please.
Somebody is a determined seller.
I picked up over 9000 shares today.
Thanks for telling us.
You must be looking forward to the confirmation of REAL P2O revenue.
What's your estimate by the way?
This is why I got out of Zecco and switched to Schwab two months ago. I analyzed Penson's financials. I was worried.
Bankruptcy is unlikely, but massive share dilution to prop up operations is likely simply because they have big cash flow problems.
This is why short sellers are on it and the longs have left. It would probably have a knock-on effect in terms of affecting the brokers with Penson.
Normally, one of two things happen.
a)your account is transferred to another broker
b)there is an "orderly liquidation" of your holdings
I was afraid of this happening because I hold rather illiquid stocks and I am not a US citizen.
Your account is insured up to 250 or 500 thousand.
Of course Zecco denied any problems with Penson, fearing mass-exits.
I would switch to Fidelity or Schwab.
I also learned certain fees imposed by Penson (non-DTCC) fees and certain restrictions on trading did not exist at Fidelity or Schwab, yet Penson portrayed them industry wide practices.
Listen to the last CC.
Project out franchise and China dental studio revenues.
This is a seriously undervalued company at these levels.
This is a 3-4 bagger in waiting.
Based on my research, I believe this to be a 10 bagger in waiting.
Well done Raw you rich mofo.
I think John is being very careful until the 3rd processor is going. When this is being installed, it seems likely that 1 and 2 might have to be shut down. So providing run tickets now is a little misleading, because it won't be continuous.
Perhaps it can occur once all 3 are going with no further impediments???
I also think, given he promised too much in the early days, he is now loathe to say too much. (probably on the too cautious side)
There are two types of longs here. Those with an eye for the long-term development of the company, and those with a shorter term mentality. I don't pretend to like or not get affected by the low price, but a careful reading of the 10q over the last year shows enormous progress.
Sounds good. I'm in.
Where do I sign up?
What does he like to be called?
I have no guess.
I think John has focused a huge amount of time on improving the engineering of the machine to make it as good as possible before mass-production.
That's it.
He is a technical engineering guy at heart and he is building for the long term. Thus, he has made the machine better and better and better. This is documented in great detail in the 10q and 10k. (and incidentally this point is totally ignored by the naysayers).
The final version is now complete.
Granted there is no filing showing profitability yet. That is what development stage companies usually look like - no?
If the process is self powering and the input costs are free and the the output is actually real fuel and it can produce a LOT of barrels per day - then - pray tell - how exactly can it NOT be profitable?
What is the flaw in the assumptions above?
The silence is response to this basic point is deafening.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74566749
That is, how is John duping all of his employees as to the specifics of the p2o process?
That is,
1. processes unwashed plastic.
2. self powering process = extremely high margins
3. produces spec fuel
Lets hear an answer with specifics please.
Right...to confirm...you are actually saying the employees are just happy to get paid, fully knowing things don't add up in so many ways - including high-level appointments like Collin Robbins.
Yet, nay a whisper has been heard.
Why do you suppose that is?
Could it be that p2O is completely real?
What is that supposed to mean?
Every single one of the employees are "in on it" are not a peep has been heard from them until now? Then, under the white-hot pressure of discovery and oath they will crack and spill the beans??
ROFL! LOL!
I don't think so.
Let me make this simple.
How is John duping allof his employees as to the TRUTH of the p2O process?
Are are they all on it/happy to have a job and just aren't saying???
You are seriously mental and must be risking post deletions - surely.
Didn't you know JB is also fooling ALL of his employees about the P2O process as well??? I thought that was obvious. Surprised no on has bought it up.
Not a SINGLE one has come forward and said ONE DAMN THING about the P2O process being fake in ANY respect. Even the ones with a grudge who took him to court to recover 40 bucks or a few shares. (and subsequently lost)
Further, even the SEC, that most thorough of authorities, has no allegation against JBI as to the p2o process being fake or a scam etc. You would think with all their "digging" they would, but alas no.
So how is JUICY JOHN duping all of his employees and the SEC?????
How is P2O process itself actually a big pack of lies???
Here's how it works: - pay close attention
1. When the employees feed unwashed dirty plastic into the processor he has a secret stash of virgin clean plastic bottle PRELOADED in the premelt!!! How does he get it in there without them seeing? According to confidential OSC documents he comes in at 2am (geniuses don't need a lot of sleep) and loads it in him himself with a forklift. Then he sneaks off into the night cackling to himself. - Mr Burns like.
But what is happening to the unwashed plastic? Where it is going?
This is where it gets really clever.
2. John has designed a vaporizer in the premelt. You see the source of the off-gas is not some catalyst, he is just vaporizing the plastic. All of that unwashed plastic at the JBI plant is just for show.
How does not a single employee know about the vaporizer?
3. The answer John built the entire 30 tonne processor himself- WITH HIS BARE HANDS!!!. Not a single employee has seen the internal structure of any of the processors. No one was allowed in the building when John was doing it. (this is what it took so long to build you - plug and play my ass) No wonder he has been looking tired lately. The poor duped employees didn't realize John was executing a diabolical scheme right under their very noses.
4. Juicy John also claims that the "magic catalyst" allows the conversion of plastic to fuel at much lower temperatures than standard pyrolysis. Yeah right! Problem is, there are temperature gauges everywhere - (so the nuclear hot reactor doesn't blow up and kill everyone.) The second problem is a lot of the JBI employees are engineers and other such highly qualified technical workers. They would see the true temperature is something like normal pyrolysis. Then they would know John's claims are false and the whole charade would come tumbling down. So how did Juicy John get around this problem? According to confidential documents (available only to those with superb cut-and-paste and bolding skills) John secretly designed temperature gauges which read a full 200 degrees less than what they actually are! Those silly engineers don't know how DAMN hot those processors actually are.
5. So what about the catalyst? Oh, there is none. That powder some see delivered is talcum powder. That is why the fuel has a lovely aroma.
6. So you mean the process is not self-powering? But wouldn't that mean the input costs are actually sky-high and gross margins are nil. Sure does. So where is John getting the power to run this standard pyrolysis unit? Two words - nuclear fission. John knew he could hack into the grid because that involve having power cords and then the employees would see them. He has built a mini-nuclear reactor inside each processor. This is part of the reason the damn things take so long to build - plutonium isn't easy to come by.
7. But does JBI make brown sludge akin to Agipoo? Yes he does. That stuff that looks like olive oil actually IS olive oil.(nuclear fission actually makes olive oil) But what about al that fuel testing equipment. John has a rule. Only HE can test the fuel - enough said. But what about multiple companies having tested the fuel with their independent testers? No problem, John buys the fuel from the local gas station and ships it off. Where do you think all that PIPE money is going? To buy fake fuel to dupe several multi-billion dollar companies into believing JBI is making its own fuel.
Now, I know most of what I have said may sound far-fetched. And I know there are a few minor leaps of logic here or there. But I am here to warn JBI shareholders. I have no agenda - really.
Not every theory put forward by longs will necessary be correct as to specifics.
You are not correctly characterizing the general sentiment though.
The sentiment that more is going behind the scenes has been formed by observing the behavior of the naysayers over a long period of time.
There is more to this story than simple differences of opinion.
There seems to be a group(s) of people who want this stock to fail and they are doing what they can to cause this. Open your eyes.
One can hope.
Of course, this whole ridiculous diversionary discussion is predicated on the idea that JBI are actually being investigated.
I haven't seen any convincing proof other than message board rumor so far.
What we do know, of course, is that, even if any lawsuit does have any measure of success, this has NO relevance to the truth of the processor converting unwashed plastic into pure fuel.
This obsession with tangential issues puzzles me.
Perspective please.
Do you find it likely that Mike Bordynuik is the only person available on the OSC to do an investigation?
I don't.
I hope gold tanks just to shut up this big-mouthed conspiracy theorist at my work.
And of course he is convinced BIG OIL will kill JBI as well.
Hank,
Do you have idea or indication from the company as to how much dilution there will be (if any) for their expansion plans?
This is my only question.
I found the IR for TEXC very tightlipped.
Thanks in advance, Frank.
Good luck and I appreciate your honesty.
You say you will wait until the next published financials.
If this company is a fraud, that makes no sense because the published financials themselves would be a fraud and therefore cannot be relied on at all.
Black will just make up the numbers. They could be anything he wants.
I have no position in HNSS.
And you know that how?
Waste Management must be kicking themselves not having an agreement with JBI clearly superior technology.
I second that motion.
I want to know who was behind the allegations being brought in the first place.
Will JBI be able to request this info' when or if this goes to trial? This has been suggested by 4kids.