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fully agree, makes sense to ship plastic in by rail car, and ship fuel back out the same way, huge savings on transportation cost, I am sure the company have it hand already, so I will just sit and wait to become rich.
GLTA.
A.H
Thanks for that, always nice to have somebody you have never meet or spoken too, attacking in their first message to you.
You must be so proud.
GLTA.
A.H
Should have slapped the ask in the beginning of the week at $1.10, I have been just under bid the whole week, but hey did get a little bit, so all good.
GLTA.
A.H
Thanks WB, appreciate that.
GLTY.
A.H
I will see if I can take a screenshot tomorrow and post it here, and it is not 500, as my order was clearly shown below, one time of 2900 and the next time 1000. this was on ameritrade command centre.
GLTA.
A.H
What is going on with this 5 shares bid at 1.26, didn't think they were allowed to show any orders of less than 500 shares. HDSN was there yesterday as well going over my order with one cent and only bidding for 5 shares. I had an order in just now for 2900 at 1.25 and then this annoying order for 5 shares comes in one cent higher than my bid. Just crooks running this show. Just raised my bid to 1.30 for 1000 shares, lets see what happens now.
GLTA.
A.H
Yes I know, have had an order in for 4000 shares for the last 3 days, and finally decided to just buy at the ask, as soon as my order was in the ask jumped to 1.10 then 1.15 and 1.20, you just can't win with these crooks. However really good to see that a small order can move it that much, bodes well for when a big fish wants in.
GLTA.
A.H
Yeah well what can I say, when a chance of making an almost 60% return in the space of 5 min, then I will take it, didn't fill however, so will just hold for now, big potential here though so might hold it for long, depending on what the 10K holds.
GLTA.
A.H
5 shares on bid at 1.15? what is going on there.
GLTA.
A.H
Wow! 1.71, I am in the money haha.
GLTA.
A.H
just put an order in for 4000 @ 1.10, the 1.10 ask disappeared immediately with no fill for me, about 5 min later they gave me 717.
GLTA.
A.H
Fully agree, and this latest suit is even more of a joke, desperation has started to kick in on the dark side, it wont be long now, another 7 weeks, tic toc.
GLTA.
A.H
Haha, yeah right, that law suit is just a joke, this looks like a last desperate attempt from the dark side, It looks like a copy of the poorly written article by Kurt, They have even copied this from that article, I think that could even be used to start litigation against the law firm that filed this.
"In the past six months, Bordynuik also struck three new deals. One was with major paperboard company Rock-Tenn to build P2O sites on Rock-Tenn's property in order to process Rock-Tenn's plastic-containing waste. It was a no-risk, no obligation deal for Rock-Tenn but the press release Bordynuik put out shot JBI's stock up by 50%. I recently e-mailed John Stakel at Rock-Tenn, who signed the agreement with Bordynuik, and asked if he knew how Bordynuik was progressing. The response from Mr. Stakel said he didn't know any John Bordynuik. Apparently there wasn't much progress on the deal with Rock-Tenn in the past five months if Mr. Stakel simply forgot"
JB and the other directors must be on the floor laughing at how amateur like this suit is. I know I am.
GLTA.
A.H
Hi Zar, where is the link for the slot on NPR, that is quite important as well IMO, otherwise great to see this posted on a regular basis, keep up the good work.
GLTA.
A.H
Me too, I am hoping the dark side can muscle up a one last attack over the next few days, on the back of this amateur suit, would love to get a few more cheapies, in my view they would be worth a lot more 7-8 weeks from now.
GLTA.
A.H
Well I guess we will see at that time, I have placed my bets accordingly, and they are on the very long and strong side.
GLTA.
A.H
Don't mind me saving this one do you? and then we can always revisit this post in 4-5 Months, Deal?
GLTA.
A.H
Like your scenario even more. LOL, and soon please.
GLTA.
A.H
8000 to 10000 Gallons is about 190 to 240 Barrels, if we stick with 210 barrels, then that should be roughly what JBII can produce per day with 2 machines running 24/7, at their current 2000 lb/hour limit, that would then be roughly one tanker per day.
210 Barrels should then be around 210 x $110 = $23000 per day, so in order for JBII to archieve $500000 revenue in this quarter, they should have atleast 500000/23000 = 22 days of full production. I think that is possible here in March alone, however we will see when the 1st quarter numbers are released.
GLTA.
A.H
How many gallons can a truck that size hold? somebody mentioned 8000, is that more or less correct.
GLTA.
A.H
Thanks for that nice little tidbit of info, very good to know.
GLTA.
A.H
Well I guess we are all frustrated by the lack of share price increase, I know I am, I would have expected it to be much higher currently, especially with 2 machines running, however I am not disappointed with the speed of progress, please remember that this company will be 3 Years old in April, then compare that to the other plastic to oil players in the market, and I think you will agree that they have made fantastic progress, I look at that and even though I am disappointed about the share price, then I know I only have to sit back and wait a bit further and all the things i am hoping for will be accomplished, Yes John has been a bit to optimistic some times, however that doesn't change the fact the they have moved with lightning speed from inception till now, Hope you have a bit more patience and stay long, as I am sure all longs will be rewarded plenty before the end of 2012, Aug is my guess for a much higher sustainable share price ($5-10 per share)
GLTA.
A.H
I have no doubt that the share price will explode over the next year, I have emailed a few of those large investors myself.
GLTA.
A.H
Just can't wait, I have this strong feeling that the tide has finally turned, I think everything will speed up now, and the next few Months will be very exiting, I feel like a 5 year old kid the day before Christmas, please bring some good presents John.
GLTA.
A.H
Ah yes the barbeque has been lit, the fire will now get bigger and bigger, with John stoking the fire for the next very long time. NPR Monday, Discovery channel 2 days later, I wonder what will be next, maybe a PR about the third processor or the first site for Rock Tenn! Who knows, however I am quite exited to see what’s next.
I am already dreaming of owning my own Island LOLOLOLOLOLOl.
GLTA.
A.H
So what do you think about the clip then? you seem to avoid that question, do you think it is good or bad for the environment, that a solution like JBII's processor comes along, or do you prefer to just focus on this silly accounting error from 3 Years ago.
GLTA.
A.H
What do you think about the clip on discovery, it was great wasn’t it, I am sure you are as pleased as the rest of us, that a technology such as this has come along to rid the world of plastic, that will be good for the both of us and our children. Shame on the SEC for putting obstacles in the way of this company, don’t you agree, or is it deperation I am smelling. LOL
GLTA.
A.H
I hope that JBII is working closely with this guy, he seems to have a broad based of skills, which could be very usefull for JBII.
GLTA.
A.H
Wow managed to get it to work, wow just wow, this is an amazing clip and the guy from the plastic industri is blown away as well, and he states that there are nobody else out there that can do this, what an amazing investment this will become in the next 2 years.
GLTA.
A.H
Thanks waikikian, however for some strange reason, then I can't get to the third segment, it just stops ater the first segment and just sits there, really really frustrating, have tried 5 times now, hopefully somebody will upload it to youtube, so I can watch it there.
GLTA.
A.H
Is it already online? do you have a link please.
GLTA.
A.H
Yes some of the guys on the JBII board, I am in the UK so I have to wait until it gets online, which should be tomorrow, I feel like a 5 year old kid the day before Christmas. LOL
GLTA.
A.H
Me neither, just can't wait! I wonder if this is the beginning of the national media exposure that John has mentioned before. I must say that I always expected them to be on Discovery, just not this early in the game, speaks volume about how amazing this processor really is.
GLTA.
A.H
Raw, I don't care anymore about those silly suits, JBII is on Discovery. Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
wow just wow, I am amazed that they are already on there, I was expecting it in a few years, but so early in the game just speaks volumes about how amazing this technology is. John did state on many occasions, that they would go national media when ready, I guess that is now.
Wow I am completely blown away.
GLTA.
A.H
Yeah yeah whatever, JBII is on the discovery channel, enough said.
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
GLTA.
A.H
Ok cool, thanks for explaining.
GLTA.
A.H
Thanks again, you just answered my second question. So when JBII goes above $5 in May, after a great 1st quarter result, then we can pretty much forget about both the SEC case and the CA suit. I assume it will be equally hard for the SEC to prove that JBII defrauded any investors, if those investors are all in profit.
Happy days.
GLTA.
A.H
Rawnoc.
Thanks for the reply, does that mean the CA suit is completely dead, or can they still go ahead, if for example the SEC comes down on them hard (not that I expect that) I seem to remember that there was 3 shareholders all in, and the biggest one withdrew, could any of the 2 remaining still press ahead, if they all of a sudden felt like it.
I do view the SEC case and therefore the suit to be very weak, and as such since these law firms will never go ahead if they can't see a reasonable chance of winning, then chances are that the suit will never go ahead, however just wanted to know if there is a certain date or other, when the suit will have expired.
GLTA.
A.H
JBII, From the 10K under Legal.
Also, on July 28, 2011, one of our shareholders filed a class action lawsuit against us and Messrs. Bordynuik and Baldwin on behalf of purchasers of its securities between August 28, 2009 and July 20, 2011. The complaint in that case, filed in federal court in Nevada, alleges that the defendants made false or misleading statements, or both, and failed to disclose material adverse facts about our business, operations, and prospects in press releases and filings made with the SEC. Specifically, the lawsuit alleges that the defendants made false or misleading statements or failed to disclose material information, or a combination thereof regarding: (1) that the media credits were substantially overvalued; (2) that the Company improperly accounted for acquisitions; (3) that, as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the above, the Company's financial statements were materially false and misleading at all relevant times. The Company’s response to the Complaint is not due until a lead plaintiff is appointed, which has not yet occurred. The Company cannot predict the outcome of the class action litigation at this time.
I thought a lead plaintiff had already been appointed? so does this means that the CA suit is not certified yet? And if so, does that mean it will never go ahead or is there a deadline for certifying it? I thought the deadline was back in Oct.
Just looking for answers, as I have very little knowledge of how these CA suits works, any info will be greatly appreciated.
GLTA.
A.H
From the 10K under Legal. (page 40)
Also, on July 28, 2011, one of our shareholders filed a class action lawsuit against us and Messrs. Bordynuik and Baldwin on behalf of purchasers of its securities between August 28, 2009 and July 20, 2011. The complaint in that case, filed in federal court in Nevada, alleges that the defendants made false or misleading statements, or both, and failed to disclose material adverse facts about our business, operations, and prospects in press releases and filings made with the SEC. Specifically, the lawsuit alleges that the defendants made false or misleading statements or failed to disclose material information, or a combination thereof regarding: (1) that the media credits were substantially overvalued; (2) that the Company improperly accounted for acquisitions; (3) that, as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the above, the Company's financial statements were materially false and misleading at all relevant times. The Company’s response to the Complaint is not due until a lead plaintiff is appointed, which has not yet occurred. The Company cannot predict the outcome of the class action litigation at this time.
I thought a lead plaintiff had already been appointed? so does this means that the CA suit is not certified yet? And if so, does that mean it will never go ahead or is there a deadline for certifying it? I thought the deadline was back in Oct.
Just looking for answers, as I have very little knowledge of how these CA suits works, any info will be greatly appreciated.
GLTA.
A.H