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Thank you.....here is the link
http://www.cbsnews.com/video/watch/?id=50145767n
http://www.plastic2oil.com/site/news-releases-master/2013/05/15/jbi-inc-offers-board-of-directors-update
News Releases
JBI, Inc. Offers Board of Directors Update
Posted May 15th, 2013 in 2013 News Releases
Niagara Falls, New York, May 15, 2013 - JBI, Inc. (the “Company” or “JBI”) (OTCQB: JBII), a clean energy company that recycles waste plastic into liquid fuels, announced an update today with regards to its Board of Directors search.
JBI President and CEO Tony Bogolin stated, “Constituting a Board of qualified independent Directors remains a paramount priority for the Company. The process of identifying candidates with the experience and professional ethics that we desire and know that our shareholders expect is not a simple one. We have identified and are in discussions with several highly qualified candidates and are hopeful that completion of the recruiting process and due diligence will result in a positive outcome.”
Matthew Ingham, JBI’s Chief Financial Officer said, “The Company is in discussions with professional recruiting firms that have the capabilities to assist us in continuing to move forward with our search. We are continuing to deploy the resources necessary to complete this very important step in the Company’s history.”
In 2012, JBI, Inc. processed 1.7 million pounds of plastic and produced 317,000 gallons of in-spec end user fuels. For further information about the Company’s first fiscal quarter 2013, including its financial results, readers of this press release should review the Company’s disclosures in its Quarterly Report on Form 10-Q, which is publicly available on the website of the Securities and Exchange Commission at www.sec.gov.
thx....grabbed those for my first position here
Indeed!
one could say the same about trade # 57 at 15:58:29
He said "we make heating oil for local factories"
Hmmmm.........
For the life of me, I don't understand the logic of Agilyx supporters denigrating JBII.
Startup Converts Plastic To Oil, And Finds A Niche
by Daniel Robison
Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country's dependence on foreign oil at the same time.
It all starts with a machine known as the Plastic-Eating Monster. Thousands of pounds of shredded milk jugs, water bottles and grocery bags tumble into a large tank, where they're melted together and vaporized. This waste comes from landfills and dumps from all over the United States.
"Basically, they've been mining their piles for us and sending them here," says John Bordynuik, who heads his namesake company, JBI Inc. He invented a process that converts plastic into oil by rearranging its hydrocarbon chains.
Vying For Mainstream Acceptance
According to tests by the New York Department of Environmental Conservation, JBI's patented technology is efficient, with close to 90 percent of plastics coming out as fuel. Bordynuik says that makes the case for this kind of recycling to go mainstream.
"When there have been attempts in the past to make fuel from plastic, it's been low-quality, low-flashpoint, kind of sludgy," he says. "In this case here, we're making a very highly refined, consistent product that's within specifications of any standardized fuel."
JBI executive Bob Molodynia points to a spout at the other end of the plastic-eating machine, where a thin, brown liquid drips out.
"You could tap this right now and this is ready to go," he says. "That's a No. 6 fuel. That's what a lot of [companies] like U.S. Steel use, a lot of major companies — that's what they pay the big bucks for, right there."
Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day. It has signed lucrative deals to set up operations next to companies with large volumes of plastic waste.
But in its rush to grow, JBI has been accused by the Securities and Exchange Commission of overvaluing some of its assets in order to raise more funds.
The Stigma Of An 'Alternative Fuel' Label
And Bordynuik says it has been hard to find acceptance from potential oil buyers because JBI's product has been dubbed a "green fuel."
"We don't make a synthetic 'other' product that has problems," he says. "We make an in-spec fuel like everyone else. If anything, the word 'alternative' has a stigma attached to it, more so because of prior attempts."
If JBI has its way, plastics will become a significant source of domestic fuel that reduces the U.S. dependence on foreign oil. But just how "green" is JBI's recycling, when it produces a fossil fuel that pollutes just like any other?
"To enter themselves into this industry, I think that they've all bought into the idea of producing a fuel," says Carson Maxted of Resource Recycling, the plastic recycling industry's trade journal.
Maxted says he's not sure whether converting plastic to oil can be considered recycling, or even environmentally friendly. But he says JBI's methods can co-exist, and even complement, current recycling practices.
"They're getting value from something that would otherwise go to the landfill," he says, "because the plastics most of them are looking for, the plastics that are not easily recycled, they're of low quality or mixed-plastic types, or they're dirty — things that wouldn't be accepted into a recycler."
And because there's no lack of waste-plastic supply, and no lack of demand for oil, Maxted says the technology has the potential to transform both industries.
not until you mentioned it :)
http://www.otcmarkets.com/marketActivity/caveat-emptor-changes
Corporate Actions — Caveat Emptor Status Changes
Mar 6, 2012 JBII JBI, Inc. OTCQB Removed Common Stock
Here's the link 4 anyone interested:
http://www.cbsnews.com/video/watch/?id=7400862n&tag=contentBody;cbsCarousel
CBS Sunday Morning ran a segment
this AM re: Plastics in the Ocean
Titled "Rubbish"!
The "Voice" of the
Plastics industry states:
"We think there are more efficient
ways to incentivize the recycling,
recovery and handling of materials,
....We really believe that plastics
should not be land-filled, that is
absolutely the wrong thing to happen,
we should recycle what we can and
recover the rest of it".
PKG,
I believe this firm is one of the 12.
Story from Bloomberg:
Lawyers Cash In While Investor Clients Get Nothing in Merger Lawsuit Deals
None of the 10 cases that New York-based Faruqi & Faruqi helped to settle during the two years produced cash for clients, according to court records. Legal fees in those 10 cases totaled $6 million, split among plaintiffs’ firms.
http://www.bloomberg.com/news/2012-02-16/lawyers-cash-in-while-investor-clients-get-nothing-in-merger-lawsuit-deals.html
20+30+30=80 x 2=160 tons per day
my crystal ball says:
in our immediate future
jmo
cheers!
they look like the same size drums.
weren't 2 & 3 to be 30 ton?
Shell's "branding"......Shell Nitrogen Enriched Gasolines
"Please visit Shell On The Road on Facebook and learn how Shell Nitrogen Enriched Gasolines protect your engine against gunk and pick up some tips on how to save at the pump".
http://www.shell.us/home/content/usa/products_services/on_the_road/fuels/
Wonder how XTR will "brand" P2O?
http://www.plastic2oil.com/site/fuel-specs
Mr. Robbins was employed by Texon and Sunoco Logistics BOTH located in Texas.
John Colin Robbins, Senior Vice President
Mr. Robbins will build the petroleum team to enable our P2O products to be enhanced and distributed. His proficiency in petroleum products blending and his strong leadership will be invaluable assets to our company's commercial growth, and will contribute to JBI, Inc.'s standing in the environmental sustainability movement.
Robbins brings more than 30 years of knowledge and expertise in operations, marketing and manufacturing of renewable fuels to this key post. He specializes in the blending of ethanol, bio-diesel, butane and petroleum. He has been engaged in the petroleum and bio-fuels industry in a leadership capacity since 1989 with experience extending across North America — but he is most passionate about producing a profitable, environmentally responsible energy product.
Prior to joining JBI, Inc., he was most recently employed by Sunoco Partners Butane Blending LLC as Manager for Engineering, Construction and Operations where he successfully led three departments that designed, built and maintained multiple new butane injection systems in gasoline transfer terminals throughout the United States. He acted as both the General Manager and Director for Engineering, Construction, and Operations at Texon LP from 2007 until 2010. At Texon, Robbins led the engineering team to redesign the butane blending systems, which resulted in remarkable revenue growth.
He has been an active member of various petroleum boards and associations, including: Environmental Director of the Canadian Independent Petroleum Marketers Association's Board of Directors from 1995-2000, a member of the Ontario Petroleum Council from 2003-2004 and Ontario Gasoline Handing Code from 2002-2003, and served on the Canadian Federal Government Legislative Boards on Sulphur in Gasoline in 2001 and Benzene in Gasoline in 1999. He was a recipient of a National Research Council Grant awarded in Canada. Mr. Robbins holds an Honours Bachelor of Science in geology from Brock University.
Texon was bought by Sunoco Logistics
http://www.prnewswire.com/news-releases/sunoco-logistics-partners-lp-acquires-texons-butane-blending-business-97338579.html
Sunoco Logistics located in Texas
http://www.sunocologistics.com/
i count over 50% of the trades
done at 500 or multiples of...
JBI,Inc. Fuel is 0% H20
http://www.plastic2oil.com/site/clean-fuel
if so, we may be seeing
some new production
calculations ;)
JBI, Inc. Successfully Completes Its Final P2O Stack Emissions Test
December 07, 2011 16:29 ET
Thx 4 the post...after the
time stamp, seems like
a flurry of trading
done at the ask...imo
IW...."that's MUSIC to my ears"!!
TY
Cheers,
AB
If the referral agreement is 8K'd
http://www.sec.gov/Archives/edgar/data/1381105/000121390011002249/0001213900-11-002249-index.htm
and the agreement was nulled
it would need to be 8K'd, eh??
believe that is material?
I am only speculating out loud. I don't know any more than any of the others as to what is happening. I do know that stocks fall faster than they go up generally. Who knows what the coming months may bring. I hope success for all of us.
speculating can lead to someone's opinion being swayed,
confidence challenged...if you hope success for us all,
may I respectfully suggest you stop adding fear(one reason stocks can fall) to the equation?!
TIA
IR doesn't return phone calls
then why not do as Brig?
he called around 6PM EST
and spoke to JB directly
sure beats trying to figure
out WHAT he is up to
after reading that....
JBII REEKS....
of solution AND success!!!
"[Suppressed Image]"
ur killin' me :)
1st day
new month
happy july
cheers!
"Everything below $3.45 was a head fake IMO. "
Had to scroll up and down a few
times...that was in just
over 7 minutes!!
Holey Mackerel!!
I happened by at
the RIGHT time...hooked
me some 3.24's....
NICEEEEEE!
g...bd is available to post on
(clicked on reply and box came up)
not sure why no one has
MBOT...interesting link from your post
http://www.theplasticsexchange.com/Public/News_Template.aspx?Buffer=&Id=4886
cheers!
ab
ibox???
Quote "And most experts agree where oil supply AND oil demand are going in the coming decade. So do most JBI shareholders. "
and it TAKES oil to MAKE plastic.....P20 can produce "fuels"
other than "black gold, texas tea"....ummmm....winwin?!
and an "INFINITE" amount
of plastic!!!
JBI's future looks "GREEN"
to GO!!
last I heard, there is a
"FINITE" amount of oil
reserves....LMAO
not only international exposure
also current information
in a concise format
:)
agreed...1/4 of mine are at that price :)
cheers!
ab