says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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UCC (Uniform Commercial Code): a set of laws/rules governing commercial deals/transactions. Liens are filed under UCC; in this case, NYS UCC:
https://appext20.dos.ny.gov/pls/ucc_public/web_search.inhouse_search
Try searching for:
JBI RE #1, INC
and
plastic2oil of ny 1
Heddle's liens are filed under each.
Permit transfer (Air State Facility)
completed 2/18/2020.
From JBI Re# 1 to Plastic2Oil of NY #1. Solid waste permit transfer still pending.
Both of these entities were formed back in 2010, so I don't get what the play is here; guess we'll find out.
In other news, the blending site is off the MLS listing service again. Did it sell? Or, are they dropping the price again? ( $495,000 was the latest )
She didn't exercise the options. She acquired them,
as part of her overall compensation package. She has 60,000 options, according to that filing.
Well, it's in the best interests of the loyal lenders/note holders.
Alonzo knows who butters his bread.
Outstanding Shares 1,767,397,088 01/31/2020
Not gagged! Just a bit slow...
Less than 700,000,000 shares left. Enough to almost clear $35,000 in notes.
Appears they've gagged the T/A again
...or the T/A is just lazy. No update since 12/31/2019. They have been updating monthly.
Should be open today on the Grey Sheets for trading
unless the SEC revokes the stock first.
Read through P2O's solid waste permit, and their Air Facility permit
The only plastic they're allowed to use is post-industrial, pre-consumer plastic waste, where the entire chemistry is known.
If the plastic came from a sorted municipal waste stream, that's not valid for use.
I'm sure the NYS DEC has imposed these restrictions to keep PVC out of the mix.
Detailed Description of the Process for Procurement of the
Plastic/Waste Oil Feedstock
JBI will carefully review potential sources of
non-recyclable grade plastic for use as a raw material
feedstock. This material will be acquired from the
industrial market place. Plastic types which have been
determined to be acceptable for utilization as feedstock
include: Polypropylene (PP), Low Density Polyethylene
(LDPE), and High Density Polyethylene (HDPE). No
Halogenated plastics such as Polyvinyl Chloride (PVC) will
be accepted by JBI.
All sources of plastic and waste oil feed will be
prequalified by JBI personnel before agreeing to accept
the material. This prequalification procedure will
consist of visual inspection by JBI personnel, review of
the MSDS for the material where available, and possible
test results from material samples when testing is deemed
necessary. Typical plastic materials which can be
utilized as feedstocks include plastic parts and cuttings,
packaging film, shopping bag film, strapping and mixed
color regrind. These materials are typically produced by
vacuum forming, injection molding, casting, or
tooling.
Off-spec Crayola products directly from the manufacturer
and a small portion from recycling efforts at schools will
also be used as a feedstock in cubic yard containers and
staged at the facility and fed into the reactors. Waste
oil is sourced from local waste oil management companies,
U.S. Steel, and other waste oil sources. The sourced
waste oil will meet requirements of 6NYCRR Part 225-1 and
225-2. Most waste oil management companies pre-test their
shipments and provide certifications with the waste oil
trucks. U.S. Steel does not have an in-house waste oil
testing laboratory. If a supplier does not supply a
certificate of analysis upon arrival, the trailer will be
tested at the JBI in-house lab prior to unloading the
truck. If the in-house lab at JBI confirms the oil meets
the requirements of 6 NYCRR Part 225-1 and 225-2 then the
truck will be unloaded. In the event the load is
unacceptable the load will be returned to the generator or
shipped to an approved waste disposal facility.
The chemical composition of all plastic materials and
waste oil must be compatible with the capabilities of the
JBI process. It must not be contaminated with materials
Permit ID: 9-2911-00348/00002 Facility DEC ID: 9291100348
Air Pollution Control Permit Conditions
Renewal 1 Page 12 FINAL
which could result in detrimental impacts during
processing.
All plastic must be shipped in enclosed weather tight box
vans. Waste oil must be shipped in appropriate trucks
meeting DOT requirements.
Upon receipt a log sheet will be utilized to retain
information as follows:
Source of plastic or waste oil
Name of transporter
Date and Time of receipt at JBI site
Amount of plastic or waste oil in each shipment (Weight,
Gallons, or Cubic Yards)
Is 4 months long enough to wait for tangible progress?
Or, will it take 1-2 years, before we decide Nulixo is the same kind of sham deal that RockTenn, Econavigation, Veridisyn were?
Thoughts to ponder while we wait:
1) The machines at 20 Iroquois St. can't process sorted post consumer trash. Not allowed by permit, plus PVC will sneak into the load, and cause the machine to spew Hydrochloric Acid out of the stack. This will piss off the NYS DEC to no end. It will also automatically shut down the machines for cleaning.
2) There are no heated #6 fuel tanks on site to handle the heavier oil fractions that the process creates.
3) PTOI redeemed their $100K fuel seller bond some time ago; they can't legally sell the output without one. (And they really can't haul off the fuel to 1776 Allanport Road now can they?).
4) Nulixo's HQ is someone's residential house (just like Veridisyn's and Econavigation's were - what are the odds?)
5) Nulixo has no waste transfer site to place machines from either Redwave or P2O.
Nulixo's plan can not work as they propose.
I've done some reading about Redwave's technology; how they sort plastics by resin code.
Really impressive (and expensive) technology. They shred the incoming plastic stream, then run it through an XRF machine (X-ray fluorescence), and then use puffs of air to selectively sort out the 'bad' plastics (anything with chlorine in it) that are indicated by X-ray.
Impressive. However, not every shred of PVC or CPVC will be caught. Some will flow through to be processed by P2O's machine. How much? Depends on the flow rate of plastic, and the PVC/CPVC plastic trash fraction. Processing 10, 20, 30, 40 tons a day ... you'll probably get hundreds of pounds of PVC/CPVC at least.
P2O's machine will spew HCl out the vent stack. The reduced pH will be detected by the sensors, and caustic scrubbers will be engaged, while the machine is emergency-shutdown. The molten plastic load will have to be cooled and land filled. The machine will have to be thoroughly cleaned out before being put back in operation.
How do we know this? Because P2O already tried to process plastic waste from Madison County. PVC was in the trash. It fouled the machine, and engaged the caustic scrubbers. This is all a matter of record.
Nulixo/Mark Ragus was the architect of the Econavigation sham deal.
Why should this go-round be any different?
Did you try sending a bill to Nulixo/Mark Ragus for the 6 machines he already signed up to buy?
Why Not? He's on the Phone Tree, right? Give him a call and ask him for his CC number so Heddle can charge him for 6 processors.
SOUPQ a Grey Sheet stock now.
It won't actually trade as a Grey until the SEC suspension expires, so, Feb 3, 2020 looks to be the first possible trade day.
That is, unless the SEC just revokes the stock before the end of suspension, since there is no one at the company to respond to the SEC order. They get 10 days from the order to respond - but there is no 'they' there anymore.
I'm thinking revocation some time next week, before the suspension ends.
Golden!
I say the trading in the shares of SOUPQ is Suspended by the SEC action
and that the SEC will revoke the registration of SOUPQ shares, possibly before the suspension is up and SOUPQ has a chance to trade on the Grey Market.
There is no company left to respond to the SEC suspension. Default resolution seems inevitable. Revocation.
Golden!
https://otcmarketresearch.com/the-sec-just-suspended-my-stock-now-what/
Usually the agency sends delinquency notices to the public Issuer before taking action; if the notices are ignored, trading in the company’s stock may be suspended without notice. At the same time, the SEC will initiate an administrative proceeding to revoke registration. The company will be served with a letter informing it that it has ten days in which to make some kind of case for its failure to file. If it does not do so, registration will be revoked by default and the ticker symbol will be deleted. The stock will no longer publicly trade resulting in a 100% loss for anybody that owns the stock.
The vast majority of suspended stocks are those of delinquent filers. Since 2010, 1,723 stocks have been suspended as delinquent filers. To date NOT ONE of the 1,723 suspended SEC Registered stocks has avoided revocation of their stock registration(s)….NOT ONE!!!!!!!!
-----
Not to worry, though... I've heard SOUPQ holders are Golden!
It seems it may be an increase in Authorized Shares
that takes effect on 1/27/2020.
The last increase filed took effect on the same day (10/01/2019).
This one was filed on 1/17/2020 and takes effect on 1/27/2020. I think we have to wait and see what the new number of shares will be.
I think the noteholders want to convert a number of shares greater than 800 million (what's left currently), and Alonzo is going to facilitate that.
Since they can convert at 0.00005, it takes a billion shares to clear $50,000 in notes. ISWH/Alonzo had a couple of notes that size come due in the fourth quarter of 2019.
They can put a billion shares on the ask at .0001, and still make 100% gain on their money. Is that great (for them) or what?
We just need a bunch of new posters to get the trade frothy. Noteholders would be very pleased to get more than 100% gain, and we have seen some of that already, in my opinion.
Next time you talk to Nulixo/Steve Price/Mark Ragus
ask them how they plan to keep PVC out of the waste stream that they run through P2O's flagship.
Are the Redwave magic sorting machines capable of diverting all the PVC plastic? How would they do that? By AI vision processing? By hand sorting?
And no, no one really expected them to re-start the Flagship to make test runs on Nulixo's feedstock; they are specifically enjoined from using post-consumer waste plastic.
Should *any* PVC make it past Redwave's magic trash sorting machine, and into PTOI's magic Flagship, the caustic scrubbers on the stack will kick in, fouling the machine, and taking it offline for clean-out.
That happened when they tried to run some plastic trash from Madison County. Remember?
Remember when Heddle didn't even bother to respond to Madison County's RFP for Plastic to Oil processors?
If you ever talk to the business owner
it would be interesting to find out why he has never sued for payment.
I would guess Heddle's priority liens would zero out any involuntary petition for bankruptcy, so the owner is stuck with one option, hold the equipment.
Since the pending (for a year now) Solid Waste Permit renewal
doesn't allow any post consumer plastic trash, and Nulixo intends to feed the machine post consumer plastic trash (after being sorted out of a waste stream by a Redwave Magic trash sorting machine), what kind of test runs are they looking to do at 20 Iroquois St.?
Is Nulixo going to buy pristine pre-consumer plastic feedstock and clean heat transfer fluid/used cutting oil, and repeat the same science experiments that Bordynuik ran 7 years ago?
To what end? Shouldn't they be trying to run sorted trash, as they intend to do in Utah (should they find a municipality naive enough to put up many millions to build a facility)? Disregard for the moment that PTOI's permits won't allow that to happen.
Has the local contractor who made parts for Machines #4 and #5 been paid yet? Has PTOI taken delivery on those parts?
The Fact of the Matter is this:
$10,000 invested in CHDT/CHDO/CAPC in October 2006, is worth about $2,015.
$10,000 invested in the S&P 500 index would be worth about $23,500.
$10,000 invested in O'Reilly Auto would be worth about $132,000.
Being a perma-bull on CHDT/CHDO/CAPC has been destructive to ones investment account.
I think it's Capstone that needs a new line, not me.
They abandoned the LED products while they've wasted 1.5 years on a pipe dream.
A smart mirror, if it is successful, will come from Amazon, or Apple, or Google. Not unknown Capstone.
Want an absolutely depressing picture of Stewart's tenure as CEO? Plot stock price vs. one of the indexes since September 2006. Did he take over in 2006? It's so long ago, it's hard to recall.
And next year, it'll be We Really Mean It this time Launch
What's another year, right?
They already 'launched' the mirror a year ago at CES.
Don't believe me? Go back and read the posts around that time.
Outstanding Shares 1,607,397,088 12/31/2019
842.6 million shares left as of 12/31/2019.
Currently, note holders can convert at 0.00005 per share.
If they manage to be the only sellers at .0001, they'll pocket $84,260 and that will clear $42,130 in notes.
ISWH had a couple $50K notes come due in the 4th quarter of 2019, if I recall correctly.
Congratulations you holders!
You kept it above 4 cents a share for the end of 2019. Well done.
Were the shares assessable, you'd all be on the hook to cough up 12.8 cents a share, to cover Current Liabilities.
Thank goodness that's not a thing any more, right? Just think, if you were holding, let's say, 100,000 shares, you'd be cutting a check to PTOI for $12,800!
The LED market fell apart?
Where are you seeing that? Maybe CAPC's LED products 'fell apart' because they stopped innovating and turned their focus to the Smart Mirror. The overall LED market continues to grow, from what I see.
They keep trying to make it a successful company, but the stock price shows they've largely failed.
What they haven't failed at is compensating themselves for their hard work. That's the benefit of running a 'controlled' company.
Buyer doesn't have funds; Econavigation didn't have funds; Veridisyn didn't have funds.
It's all about driving the decade old pump and dump vehicle: TRTN/JBII/PTOI
Brain dead magic bean story about a super catalyst, that will transform a bog standard rotating gas fired kiln into a money maker.
It doesn't make money. 10 years of financial filings by TRTN/JBII/PTOI prove that, to any sentient being. It loses money. To Heddle's credit, he blew it up and shut it down, to conserve money 6 years ago.
TRTN/JBII/PTOI is only good for front loading, then pumping, then dumping for a profit.
Bordynuik understood that; hell, he built the mold.
Heddle allows interlopers to make use of the engine every couple years.
No skin off his back.
I don't see any way the noteholders will wait for .0005 to start hitting before they open the floodgates.
They can convert at .00005 now, since .0001 printed.
Even .0002 for them represents a 300% gain on their money. Book It!
The only question now is how long will it take to max out the 2.45 billion AS...
Nulixo should probably get a real HQ, and lease a recycling center first
before they order any machines. It's not like Mr. Price can set these things up in his garage (the current HQ).
.0001 printed; that means the noteholders can convert in the quad-zeroes
AS soon to be maxed out. 200 million shares to clear $10,000 debt.
No bid before the SuperBowl
So, we have to wait until 2039 until we can decide this is just a sham deal like Econavigation and Veridisyn?
PTOI has the Rubiest of Rubes.
When is Mark Ragus of Econavigation/Nulixo going to pay for the 6 machines he already 'bought' back in January 2015 (5 years ago)?
That 'money' would come in handy right about now, I'm thinking...
Are PTOI shareholders the Rubiest of Rubes, or not? They've got my vote.
Oh, wait. I get it. We have to wait another 6 months or a year to get the Flagship fixed, so we can run some pilot tests. Remember when the Flagship broke, because they pumped water into a 400 degree C pressure vessel, and it Blew the F up? Remember when they fixed it, but then again, they didn't?
Why, again, do we need pilot tests? If PTOI already has orders for multiple machines in hand (supposedly), why not go ahead with shipping the orders?
Rubiest of Rubes.
While you're waiting for the Magical Soup Fairy to make you whole
You should read the Bioamber board, to get an idea of what's in store for holders of shares of ex-company SOUPQ.