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I don't see anything about Plastic-2-Oil on their website.
http://www.craworld.com/en/search/index.aspx?strSearch=plastic
How about just 1 processor?
Actually, I believe the PR said "hundreds" of processors, but I've wondered if the number got cut in half by the increase in process rate tested by the DEC.... all the volume at nearly half the capitalization cost - not a bad gig if you can pull it off.
"RockTenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil(TM) processors."
But what if the #6(kinda-sorta)is made from raggertail?
Just as a reminder; or to those who are new to JBII......not all #6 fuel is the same now that JBII is in the game. Comparing #6 fuel created from crude and #6 created from plastic is comparing apples to oranges. #6 from crude contains contaminants and high sulfur (usually around 4%). Plastic derived #6 comes from already highly refined oil. Contaminants, carbon and sulfur have been removed during the process to create the plastic in the first place. JBII is merely returning the plastic to its original state. This will be a highly sought after commodity when JBII can produce in significant quantities. (They are obviously very close as two long term fuel contracts have already been signed)
www.plastic2oil.com/site/clean-fuel
[Suppressed Image]
The initial post that started the rail shipment string was that a rail car had been sent from Georgia to Niagara Falls to pick up 17,000 gallons of JBI fuel.
1) Was a rail car sent from Georgia?
2) Aren't there any rail cars in New York?
3) Does Indigo own their own rail cars?
4) Was fuel picked up?
5) Where was fuel picked up?
6) Was the fuel made from plastic waste?
7) Has the fuel been delivered to an Indigo distribution site?
8) That's all the fuel that was available?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70859984
Friday, January 13, 2012 11:47:56 AM
I just got off the phone with Martin Underwood one of the owners of INDIGO ENERGY
and he told me they just shipped a rail car from Georgia to JBII and expect 17,000 gallons back this weekend.
And why haven't we seen more about this?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58015155&txt2find=processor
Can you recalculate that if it shipped from the blending faclity? Are there fees/taxes/duties involved for transporting across the border?
The original post didn't say where the rail car from Georgia was going - just JBI.
So SEC attorneys are now hedgie trolls or have ghost writers. The conspiracy theory is wearing thin and probably hurting more than helping JBI. Kidd/Domark is a pile of dung. Just reading up on the dude shows you that. He gets in and out of shells so fast gives to meaning the 'shell game'. He's been in trouble before and will be again - if he survives his current lawsuits. JBI screwed up with their accounting treatment of the media credits - and more. IMO the SEC has a case.
Check the filing again. Most were issued under 506, not 504.
Shares of Thorold, Ont.,-based JBI have been a terrible investment for people who bought in around June, 2011 when they were trading closer to the 52-week high of $4.20.
http://www.stockhouse.com/Community-News/2012/Jan/19/Stockhouse-Short-Report-Ontario-inventor-named
Whole lot of shares and fees with no filings. Wonder if they were all restricted? D DDD D DD DD DD?
Those were issued to BOD members as part of their contracts. One of those BOD members will be selling shares the first week of February per a recent filing.
We have established one can't believe everything they read on a message board.
The initial post that started this string was that a rail car had been sent from Georgia to Niagara Falls to pick up 17,000 gallons of JBI fuel.
1) Was a rail car sent from Georgia?
2) Aren't there any rail cars in New York?
3) Does Indigo own their own rail cars?
4) Was fuel picked up?
5) Where was fuel picked up?
6) Was the fuel made from plastic waste?
7) Has the fuel been delivered to an Indigo distribution site?
8) That's all the fuel that was available?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70859984
Friday, January 13, 2012 11:47:56 AM
I just got off the phone with Martin Underwood one of the owners of INDIGO ENERGY
and he told me they just shipped a rail car from Georgia to JBII and expect 17,000 gallons back this weekend.
Maybe they'll get a quantity discount?
Settlements are not victories. Just means they've spent shareholder money settling.
I think legal fees will be cheaper in 2012 than in 2011 actually, given JBII's sweeping legal victories.
Thorold is the HQ and is at the blending site or maybe at the recycling facility. Or maybe they all telecommute?
Head Office
JBI, Inc.
1783 Allanport Road
Thorold, Ontario L0S 1K0
Canada
The CEO did NOT verify anything.
A message board poster typed a purported email from Indigo.
We are waiting to hear when more
fuel will be available.
Yeah. Right.
More DD.
http://www.sec.gov/litigation/litreleases/2012/lr22220.htm
The Complaint alleges that JBI raised over $8.4 million for the company in these PIPES just before the company issued a public statement indicating its financial statements could no longer be relied upon, in part, due to the erroneous valuation of certain assets, known as media credits, on the balance sheet.
The Form D question wasn't answered yet. Perhaps someone who is more ?familiar? with the SEC filings could answer that question.
Was this question answered yet?
I can't find Form D for the August pipe.
Sure it's not a greenhouse to grow the magic catalyst? Can't really tell what it is. All I know is the one pic was date stamped 2008 and the other 2011.
Wrong. Issued to non-employee BOD. They get two 'tranches' per year valued at a total of $35,000.00. They voted that in last year. Last tranch was 8/1/2011 for 9722 shares at 1.80.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011006149/xslF345X03/f4jwesson_jbi.xml
This picture is more recent. The one you posted was done by Digital Globe in 2008. Here is the more recent picture and the edit history.
http://maps.google.com/maps?q=20+Iroquois+Street,+Niagara+Falls,+NY&hl=en&ll=43.079147,-79.015517&spn=0.002864,0.004823&sll=37.0625,-95.677068&sspn=50.424342,79.013672&oq=20+Iroquois+Street,+ni&vpsrc=6&hnear=20+Iroquois+St,+Niagara+Falls,+New+York+14303&t=h&z=18
Edit History
Changed on Sep 14, 2011 7:13am
Approved
Address
Changed: 20, Iroquois St, Niagara Falls, Niagara, New York, United States, 14303
? 20, Iroquois St, Niagara Falls, Niagara, New York, United States, 14303
Added on Aug 18, 2011 6:42pm
Approved
Type of Feature
Added: Address / Plot
Geometry
Added: Location added
Address
Added: 20, Iroquois St, Niagara Falls, Niagara, New York, United States, 14303
This feature has undergone total 2 changes
Just over 2 years per processor so far. Not sure really. They haven't built a commercial model yet
Funny. That's labeled 2009. The other picture is 2010.
Odd, No finders fees here for the June 11 pipe.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011003156/xslFormDX01/primary_doc.xml
...On July 28, 2011, the Company issued 1,228,857 shares of common stock to various parties as a finders’ fee related to the confidential private placements consummated in June 2011...
I can't find Form D for the August pipe.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001381105&type=d&dateb=&owner=include&count=40
..In August 2011, the Company consummated a confidential private placement for the issuance and sale of 1,428,571 shares of common stock at a price of $0.70 per share. The Company received gross proceeds in the amount of $1,000,000 and is obligated to issue 142,857 common shares as a finder’s fee related to this placement. The 142,857 common shares were issued August 23, 2011...
Nah. Old google maps show tanks already on the property. Just needed to paint them. Rail next to the fence - no spur - no access.
Here's a picture from yesterday. Did you miss it? No rail access to the building.
http://investorshub.advfn.com/uimage/uploads/2012/1/17/cejqsg2580000000000000009cff7ef69788212d65fe2b50e1748528a6e88d46.jpg
Here's the contact information. Perhaps he can help since he is the one that it was reported said it in the first place.
Martin N. Underwood, Jr.
COO
678-845-7445
munderwood@indigoenergy.com
I just got off the phone with Martin Underwood one of the owners of INDIGO ENERGY
and he told me they just shipped a rail car from Georgia to JBII and expect 17,000 gallons back this weekend.
Great picture. Recent?
on October 27, 2011 the Company was permitted by the city of Niagara Falls to erect a 7200 square foot building on the Niagara Falls, NY property. The foundation has been poured and a prefabricated building has been purchased. The Company anticipates construction to be complete at the end of Q4 2011.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011006335/f10q0911_jbi.htm
Erector set building isn't completed? Guess where the extra processors are?
$0.00 - No revenue 4th quarter due to tweaking.
Without 2009 the company wouldn't be anywhere.
Businesses do evolve. At least some do.
There's nothing new about P2O really or the process.
They still don't have a processor running 24/7 that's producing.
Revenues are negligible.
Assets they purchased are either worthless or they've forced them to become worthless.
The $200,000 processor is more like $3,000,000 according to the last 10Q.
On and on.
If there was anything to evolve they wouldn't have the SEC on their case.
I'm guessing the train was delayed?
What happened? The barrels opened up and the monkeys escaped?
Ask the other poster who said they were shipping the rail car of barrels over the weekend who he talked to. I'd like to know how that worked out.
Revenue that matters? NO.
None of the rest of it matters without sales.
PR please. 8K please.
When they shipped to OXY there was a PO posted.
Any update on that? Any PR? Anyone get a video or even a picture? Even Johnny Cash can see there's no train a comin'.
Just what I posted. Be interesting to know where they went.
2,500,000. He gave 900,000 back to JBI and 100,000 to the media credit company.
http://www.sec.gov/Archives/edgar/data/1333293/000121390010000650/sc13d0210kidda2_jbi.htm
I
TEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) On September 10, 2009, R. Thomas Kidd acquired 3,500,000 shares of 310 Holdings, Inc. The securities owned by R. Thomas Kidd as of the date herein represented approximately 5.51% of the issued and outstanding shares of 310 Holdings, Inc. common stock.
(b) On October 20, 2009, R. Thomas Kidd agreed to transfer 100,000 shares of JBI under a consent of assignment agreement with Media4Equity and on December 23, 2009 R. Thomas Kidd transferred 900,000 shares of JBI common stock pursuant to the terms of an agreement with Judith Vazquez and JBI.
(c) As of the date herein, R. Thomas Kidd had sole power to vote and dispose of each of the 2,500,000 shares of JBI beneficially owned by him.
(d) In the sixty days prior to February 22, 2010, the Date of the event requiring the filing of this Statement, R. Thomas Kidd did not engage in any transactions involving the Company’s common stock in his personal capacity.
Great idea! Not sure if it would be the perspective you want.
Over 3 million in equipment expense in 9 months. Hmm less than a million? Hmm.
2.8 won't last long. Expenses are very high and JBI's got how many employees now? 60 or more? What are they doing if it only takes 2 to run the machine? $11,022,351 were the operating expenses on the last Q. That's for 9 months! Less than a million was spent on R&D $896,836.