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The company is closer now than ever before attaining proof of concept. Processor 1 and 2 were unable to sustain through-put for any length of time but processor 3 appears to have solved that problem with the continuous clean-out system. Initial inspections have shown no build-up issues or wear and tear. The processor is ramping up to + 2000 lbs/hr. If they can maintain this average there will be tremendous demand for this new tech.
Costs being cut, revenues expected to increase, proof of concept imminent. It's finally time for JBI.
We may as well make our profits in lump sums (6-8 M (after costs) + royalties + contracts) rather than make it 1 gallon at a time. Sounds like a great business plan to me.
I can assure you that if I had 2 processors that are capable of running an average of 2500 lb/hr. with a staff of 15 I can make huge profits (even with a 5-10% royalty).
isn't that illegal?
Thanks for the reminder.
Open mindedness is a must now. Revenues up, costs down, proof of concept, sales of processors, financing, independent BoD seated and uplising. Should be an interesting few months ahead of us.
How would posters on a stock message board know if JBI has sold, or are about to sell 1 or more processors? I expect that information will be released by the company via a PR.
I expect that costs will be slashed significantly over the next 2 quarters. Anyone who believes that a buyer of this processors can't be profitable is wrong.
Everyone here is quite capable of doing the math. A private company with a staff of 15 with an average salary of 50,000 processing an average of 2500lb/hr. can be very profitable.
If they can average 2500 lb./hr. next Q then we'll have proof of concept.
I believe they said it took .03 a lb. to process. So that's less than .30 to make a gallon of in-spec fuel.
Again - take the time to read or listen to the AGM. Some great facts there for you and anyone else interested in getting a full update on the progress of P2O.
With significant cost cuts, increasing revenues from fuel sales and processor sales there is a good chance we see a significant share price increase in the next couple of months.
With significant cost cuts, increasing revenues from fuel sales and processor sales there is a good chance we see a significant share price increase in the next couple of months.
So all those who've seen and endorsed JBII's processors/technology are criminal co-conspirators? You may not have provided names but you've certainly implied that one or all of these agencies/companies made fraudulent reports or are lying (the DEC, SAIC, Islechem).
If you're not implying that one or all of these companies made a false report then we must assume then that their reports/licenses/permits can be relied upon and that the technology is indeed real.
And why does JBII's catalyst have to be demonized to make it sound like creating something new, that actually works, isn't possible?
Quote:No, that's not what I said at all. If you read my post carefully, you will see I said nothing about any of those specific subjects.
The conspiracy is of course run by John Bordynuik with the help, unwitting or otherwise, of a few accomplices.
Sustainable penny stock scams like JBII are always careful to play to the lowest common denominator of greed and cupidity by ensuring they have third parties that they can pretend have endorsed their business model. It all fuels the confirmation bias that crooks like Bordynuik rely upon (and they are seldom disappointed) when manipulating their mostly dim but equally avaricious marks.
However, not just the hundreds of seasoned observers of OTC fraud in the US (several of them post right here on this board) can see straight through JBII.
Others include anybody who thinks critically about the magic secret catalyst story, Mr. Market and, perhaps most critically, the SEC.
So all those who've seen and endorsed JBII's processors/technology are criminal co-conspirators? You may not have provided names but you've certainly implied that one or all of these agencies/companies made fraudulent reports or are lying (the DEC, SAIC, Islechem).
If you're not implying that one or all of these companies made a false report then we must assume then that their reports/licenses/permits are accurate and that the technology is indeed real.
And why does JBII's catalyst have to be demonized to make it sound like creating something new, that actually works, isn't possible?
So you're saying that the various manufactured processors were never built and that feedstock suppliers, fuel buyers, the DEC, and SAIC, to name a few, are all part of this grand conspiracy of yours? I bet the investors were all part of this conspiracy as well right?
Why does everyone keep referring to Crayola's supply of feedstock as an "insufficient amount." Please provide any reference to the amounts of feedstock supplied, by not only the company, but the the amount of feedstock received from mail-in's resulting from the color-cycle program.
This is obviously not a scam and everyone here knows it.
4K9P:
How can market makers go from this:
Volume 214,680
Volume (10 day Average) 243,837
Volume (90 day Average) 150,729
to this:
3,030
Is that an extremely misleading statement or do you know something as a fact that allows you to guarantee sub-penny?
Another metric we’ve been able to curb is our cost of plastic going into the machine. Crayola’s corporate overruns have acted as a significant plastic source for us over the past couple of quarters, and we estimate that Crayola plastic is costing the company about $0.03/lb to run – a very favorable price for us. In addition to
that, the Company has other significant plastic resources and does not foresee feedstock becoming a bottleneck moving through the end of 2013.
We anticipate that Processor 3’s role in total fuel production will increase as we continue to increase our feed rates slowly. Ideally, we’re looking to consistently run at a total of roughly 3,000 lbs an hour on Processor 3 and each future machine, using a proprietary combination of plastic and heat transfer fluid that adheres strictly to our permitting.
Petcoke will be sold when the buyers conduct further testing. That's be done as we speak. Plastic is made from what?
How can a pending Board of Directors (meaning future - as opposed to in the past) shitcan Rauber several months ago. The original question can't be answered so this instead.
Not to mention that with the purchase of the Canadian property they acquired solid waste permits and fuel storage licences.
We haven't completed the Q yet - 20 days left at the time of the AGM. That's a lot of plastic to fuel.
Not to mention that they fully anticipate having throughput by all staff in the range of 3000 lbs/hr
This year we have a flagship processor working continuously (30+ days) with throughput currently in the 2000 lb/hr. + range without the need for shutdown and clean-out. This year we have 2 more processors 75% complete for deployment (whether in house or as sales). This year we move into roll-out with a flagship processor that is capable of turning plastic into spec fuel.
It was explained in the AGM why production numbers were not released at this time and further they anticipate providing production updates on a more frequent basis(that's in the AGM as well).
The remainder of your statement is incorrect.
No, your wrong again. That's was not the condition necessary to receive a salary. Answers are contained in the filings. Amazing.
You have no idea who the candidates are so why would you suggest the board will a group comprised of a "number of lightweight directors".
they sure are. Why would you suggest otherwise? They can't watch all stocks all the time so a little help from investors is certainly welcome.
They've certainly been with other calls about this stock in the past. No reason to suspect they won't be appreciative now. I suspect they are closer to finding the who, what, where, when and why here.
I think costs will now be reduced significantly. Processor 4 & 5 are pretty much paid, the RKT crew (Bogolin, Rauber, Ingham, Amanda) and their contaminated plastic are now out of the way. RRON out of the way. No further upgrades to buildings or property. Staff wages/benefits cut significantly from Q3 (all those reductions will reduce accounting costs)and last but not least cheaper plastic and HTF.
I can tell you there is a huge rate of return if I could purchase a couple of processors. If I had myself and 10 other employees I can run this system and be extremely profitable. No need for accountants, lawyers, executives, BoDs, purchasing staff, admin., IR, SEC reports, audits, creating manuals and blueprints, etc. etc.
Sales might get them 10M, + royalties, + maintenance contracts + catalyst sales and all that without having to worry about being an operator. It doesn't get any better than that.
And the best part, 4 and 5 are 75% complete so a lot of past expenses will be returned 5 fold +.
Awesome - simple Awesome!
Well, I can tell you that the processor I saw cannot in anyway be deemed as something that someone "tinkerfarked" with. I would suggest it is the more technologically advanced Pyrolysis Processor in the world that's capable of breaking down plastic into spec fuels. If this wasn't a start-up company John would be deserving of a much higher salary in my books. He never even took a salary for a long time and then returned approximately 31M shares to the treasury and paid the former CFO's bonus out of his own personal shares and donated millions more.
Sales might get them 10M, + royalties, + maintenance contracts + catalyst sales and all that without having to worry about being an operator. - doesn't get any better than that. And the best part, 4 and 5 are 75% complete so a lot of past expenses will be returned 5 fold +. Awesome!
That's incorrect - they've been very open about paying for plastic - the expensive contaminated plastic was purchased by the former RKT employees. And, they are getting a large amount of their plastic free - that's no secret either.
no - it was both, but the main reason was that they discontinued purchasing plastic from suppliers who were not only expensive but who were throwing everything into the mix to get rid of it including a baseball bat, bolts, liquified manure, fats, etc. The combination of better quality plastic and better trained staff resulted in 95% efficiency rating of the input.
It's companies like yours that can provide overrun materials and bad batches to JBI - especially if you can dispose of it in a cost efficient manner.