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How do explain so many shareholders not receiving proxies last year? Appears to be only one explanation for that.
http://www.rollingstone.com/politics/blogs/taibblog/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-20120515
There has been no credible evidence presented by JBI or any other party that significant naked shorting is occurring in the company stock.
I wonder if they plan to run # 3 until after the Q3 is filed?
2 years old, and it's becoming increasing difficult to find negatives about this great technology - P2O works very, very, very well!
You think that FEDEX might be part of Crayola's distribution of 700,000,000 markers and a couple billion crayons to various destinations around the world each year.
They no doubt get a huge discount - might even do it for nothing.
Not to mention there will be companies lining up JBI's fuel.
A year after a plan by President Obama to limit greenhouse gas emissions from new power plants set off angry opposition, the New York Times breaks the news that the administration will announce on Friday that it is pressing ahead with enacting the first federal carbon limits on the nation’s power companies.
The proposed regulations, to be announced at the National Press Club by Gina McCarthy, the administrator of the Environmental Protection Agency, are an aggressive move by Mr. Obama to bypass Congress on climate change with executive actions he promised in his inaugural address this year. The regulations are certain to be denounced by House Republicans and the industry as part of what they call the president’s “war on coal.”
In her speech, Ms. McCarthy will unveil the agency’s proposal to limit new gas-fired power plants to 1,000 pounds of carbon dioxide emissions per megawatt hour and new coal plants to 1,100 pounds of carbon dioxide, according to administration officials who were briefed on the agency’s plans. Industry officials say the average advanced coal plant currently emits about 1,800 pounds of carbon dioxide per hour.
“New power plants, both natural gas and coal-fired, can minimize their carbon emissions by taking advantage of modern technologies,” Ms. McCarthy will say Friday, according to her prepared remarks. “Simply put, these standards represent the cleanest standards we’ve put forth for new natural gas plants and new coal plants.”
Great news that administration is ready to fight opposition, which is expected from the republicans and their fuel industry supporters.
there is a lot of value in the residuals removed from the processors.
U.S. Steel purchases fuel from JBI. Regardless does it really matter who's buying the fuel. As long as there is a buyer who really cares?
If you think there is a very very very wide range of interpretation you can expect that to be eliminated very very very soon. There will be only one way to look at things very, very, very shortly. You have no idea what's about to happen here if you think that.
I guess that unless such a statement is quantified with revenue, margin numbers and so forth... it's open to a very, very, very wide range of interpretation.
if you're a short - I suggest you cover asap. P2O works very very very well!!!
I expect by year's end every investor here will be very very very happy
P2O works very very very well.
well you know that not true - not one word.
This scam hasn't made enough so called "fuel" to fill a small BIC lighter.
850,000 share is drop in the bucket when you owned over 34 MM at the time.
Mr. Bordynuik did not receive a salary for a number of months at start-up and did not earn 250,000 a the time of conversion.
Mr. Bordynuik returned 31,000,000 million shares to the treasury without financial compensation.
If you have any proof that Mr. Bordynuik does not currently hold millions of shares please provide said evidence.
Exactly- we've heard it all before.
I've been through it more before, no need to clutter the board with repetition, eh ?
There are those who think, because JB may have sold a few shares several years ago when he was working at JBI for nothing, that it was some sort of bad thing.
He owns millions of shares and returned millions more to the treasury (without financial compensation). If this is an attempt to get rich somehow he's certainly not doing a very good job of it. He has 3.4 million shares left.
If he was concerned about the success of this company then I suggest those shares would have been sold already.
not to mention that company insiders already own millions and millions of shares
You mean from getting from a desktop to Processor 3 in less than 4 years?
Continuous clean-out is state-of-the-art. I believe that when capacity is increased and is combined with the new continuous clean-out advancements it will knock our socks off.
Yes - I think I am right about the RKT people - they did absolutely nothing to advance this company forward. In fact, we should know soon enough how many steps backwards JBI took with them there.
And, of coarse John has made mistakes, but no one is perfect. Let thee without mistakes throw the first stone.
We all have to remember that this was a new start-up, public company with a new revolutionary technology.
You know, no matter what's said, the progress here is incredible. There is proof of that. All one has to do is look at the reported numbers after 23 days of continuous operations. The numbers are simply awesome not to mention they only operated at a significantly reduced capacity for start up purposes. WE ARE GOLDEN!! I expect that when the blunders of the previous regime are paid off (by all 3 RKT personnel)we will see a tremendous reduction in costs and a significant increase in revenues.
Not to mention that parts for 4 and 5 seem to have been purchased and R & D costs will drop off the books completely now that the processor appears to have been perfected. And, what if, they are capable of finding a buyer for processors 4 & 5. No further costs will be required and a whole lot of revenues will be realized?
Ahhh rauber and bogolins bloated salaries are no longer on the books. Travelling expenses of these clowns no longer on the books. Ingham off the books.
You know the clowns that gave themselves bonuses for doing nothing!
They are closing the recycling plant and all of its employees.
New admin is taking reduced pay until the company shows performance.
Need i go on?
Great numbers Kool - although you are being very conservative which is ok.
Things are golden here in JBI land.
Processor # 1 is pre-heating HTF to assist processing in 2 and 3;
Processor # 2 now has increased capacity with HTF;
Processor # 3 (with continuous clean-out) is said to be ramping up;
Processor sales are now part of the business plan;
and
Costs are being slashed.
I expect there are a number of issues/expenses that will need to be dealt with during Q 3 that Rauber and Bogolin left behind so I'm thinking CFP possibly in Q4.
it's a trade secret. Why tell the world what method JBI intends to employ to ensure the secrecy of the catalyst.
What bullshit.
A post by an anonymous alias on a JBI message board claiming that plastic monofils do not exist is all there is.
To date there has never been any evidence that RKT or any other paper and packaging manufacturer on the planet does not have stored plastic monofils sites.
for all those not up-to-date - Processor # 3 is just now coming on line. As is natural with all start-ups of new technology it is slowly being brought up. Increased capacity is expected very soon and is increased revenues. Costs have been slashed and, with the success of new #3, costs can now be expected to be much much lower.
EVERYTHING is golden at JBI. Processor # 3 has it all, Processor # 2 is much more efficient with HTF, we have a new CEO and CFO who actually want the company to succeed, we have extensive cost cutting and we are starting to get media exposure. Now, on top of all that, we have the opportunity to sell machines that will make us CFP sooner than later.
Yes, everything is GOLDEN.
so basically they are a distributor of another company's technology and processors - that's hardly a fare comparison. If the tech is not theirs and the processors is not theirs then they are a sales company.
why does he have to be related to anyone to be good at what he does?
They should be far far ahead of JBI, after all, they been developing their processor since 2002 a good 7 years earlier. If you're suggesting that's slow who are you comparing them to. No, that's lightening speed in comparison. Not only that JBI is producing in-spec fuel.
JBII has been moving very slowly so far.
sure - it's all in the public filing
You mean the self-made multi millionaire who started his own company which is one of the most successful in Canada. You mean the same CEO who just opened a new operation in St. John? Now that's a Captain I want in charge of my company.
interesting - can you provide following then?
revenues per barrel
costs per barrel
spec fuel analysis report
sale price
cost of equipment
list of plastic supplier
list of fuel buyers
Thanks
interesting - can you provide following then?
revenues per barrel
costs per barrel
spec fuel analysis report
sale price
cost of equipment
list of plastic supplier
list of fuel buyers
Thanks
Another reason why JBI is, and will be, so attractive to investors. No one has ever been able to successfully convert plastic into ready to use spec fuel until now. It means they have a unique product that will be in great demand.
If BP had JBI's technology and catalyst I expect they would have been extremely successful by now. Thanks for sharing your discovery about BP's failed attempt in the pyrolysis business.
Not to worry though JBI will sell them as many processors as they need.
BP sunk tons of money into pyrolysis and then abandoned it. As well as that they have been doing catalytic cracking for many, many years.
Well that problem seems to have been at least partially solved with the partnering with Crayola (no cost plastic) and other suppliers who can supply optimal plastic for free (as opposed to free or at cost plastic that had to be pre-processed before use in the processor).
I expect the Fox News story will open many new doors to other such deals.
And and I can assure that crayola markers and other similar plastic was/is definitely going to landfill.
The fundamental problem is the cost of the plastic
I expect you'll see cost dramatically cut under the leadership of our new CEO.
I suggest that any company considering buying a JBI processor is perfectly capable of making their own decision after completing all the necessary due diligence.
What I don't understand is why any potential buyer would purchase a machine other than JBI's yet that has happened.
why is it that you believe that investors are in over their head. I expect most investors are extremely pleased/comfortable with their investment in JBII/plastic2oil. In any event it's our decision to invest in what we choose and for how much. In fact, I expect most investors wish they could buy more.
that's awesome commando - always love hearing about activity at the plant