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Hence my reiteration of a .002 cent price tag on this stock
Stock buyout for $2500 maybe (That's HUNDRED). That is a price of .002 for those keeping score at home.
There is ZERO IP for this company
They have admittedly defrauded their investors
The founder has lied about all partnerships and capabilities
The technology is off the shelf equipment plus a bazillion hours of tinkerfarking
The founder was caught redhanded illegally funneling his children's shares to promoters and admitted it
The founder was selling shares well over $1 while telling all to accumulate
I will be happy to see prison time for those of guilt after being found criminally responsible in a court of law.
Bingo! Another whale tale story to sell more shares. This story gets more absurd as time marches on. When all hope is gone, the human spirit kicks into adrenaline mode to protect itself. Game Over. Dick H. is covering his own assets, not yours.
They spend $1.2 MILLION on salaries but will not spend under $200k to fix the condensers on the processor that are broken. This is the only thing any shareholder left should be asking. WHAT A SCAM AND A BUSINESS JOKE!
Quote:The Company had to shut down its production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of our processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. As of November 14, 2014 we still lacked the working capital or access to bank credit to make these repairs. We are reviewing our financing options, including the sale of shares of our common stock or other securities, in order to allow us to obtain sufficient funds to make the required repairs and resume operation of our processors. Management currently anticipates that the processors will remain idle at least until the first quarter of 2015 . During the idle period, we significantly reduced our headcount by furloughing our operations personnel but retained a small team to perform general repairs and maintenance on the processors. Once the processors are repaired, we expect a small increase in our headcount in order to resume normal operations.
Still broken and now pushing the fix date out to Q1 2015..AND STILL SPENDING OVER $400,000.00 per month TO DO NOTHING BUT COLLECT PAYCHECKS!!!
or maybe change their name to Colinoscopies R Us (TM)... On second thought, the TM think will never fly if JB files for the patent
While you eat your bagel and lox, JB will continue to clean all shareholders clox! And all the little pretties continue to say tic tox, tic tox!
Can JBII/ PTOI be far behind to KIOR's bankrupcy filing? I think it will happen sooner than many think.
Item 1.03 Bankruptcy or Receivership.
On November 9, 2014, KiOR, Inc. (“KiOR”) filed a voluntary petition for relief (the “Bankruptcy Filing”) under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) Case No. 14-12514 (the “Chapter 11 Case”). All documents filed with the Bankruptcy Court are available for inspection at the Office of the Clerk of the Bankruptcy Court or by visiting http://dm.epiq11.com/KiOR. KiOR will continue to operate its businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. KiOR Columbus LLC (“KiOR Columbus”), KiOR’s wholly-owned subsidiary, is not a party to the Chapter 11 Case.
KiOR currently intends to seek approval from the Bankruptcy Court for an auction and sale of its assets under Section 363 of the Bankruptcy Code.
A copy of the press release KiOR issued to announce the Chapter 11 Case is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement
KiOR’s Bankruptcy Filing described in Item 1.03 above constitutes an event of default that accelerates KiOR’s obligations under the Protective Advance Loan and Security Agreement, dated July 17, 2014, as amended on November 6, 2014, among KiOR, KiOR Columbus and KFT Trust, Vinod Khosla, Trustee. As of November 9, 2014, an aggregate amount of approximately $14.8 million is immediately due and payable. As a result of the default, the loan accrues an additional two percent (2%) per annum default interest rate.
KiOR believes that the ability of the above-listed creditors to seek remedies to enforce their rights against KiOR under these and other agreements are stayed as a result of the Bankruptcy Filing and creditor rights of enforcement against KiOR are subject to the applicable provisions of the Bankruptcy Code.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
99.1 Press Release, dated November 9, 2014
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KiOR, INC.
Date: November 10, 2014 By /s/ Christopher A. Artzer
Christopher A. Artzer
President, Interim Chief Financial Officer, General
Counsel and Secretary
--------------------------------------------------------------------------------
EXHIBIT INDEX
Exhibit
Number
Description
99.1 Press Release, dated November 9, 2014
My gut says the fat lady sings this time. They will not be able to keep this charade going any longer and will start communicating intentions of BK. All the while, they will slap each other on the back and exclaim a huge success. All the boogeymen finally did them in but it was not for lack of trying, effort, or hard work. Better luck next time they say.
None. He is a pathological liar and a thief. I look forward to seeing him pay for his crimes.
The Entertainment factor of this stock is beginning to wane. I look forward to the next stage- A criminal investigation into John Bordynuik. Should be much fun and entertainment. I only wish many honest people would not have gotten hurt. As someone has said earlier, by now, all that believed should be LONG OUT of this stock scam. Enjoy the show. DZ
LOL. That was called Sarcasm
Paint the corner like Madison Bumgarner LOL
Amen Brother. Sad but true. Now, the most fun would be watching those responsible for perpetrating this scam receive their just rewards.
It does baffle the mind the cult status of this stock. If viewing through reality could not be any clearer that the rose colored glasses. I got off that turnip truck awhile back.
"It just makes one wonder what is going on in the world with all the rampant and terrible manipulation of this stock. We have just been shown what's going on " BEHIND THE SCENES " on a $140 trade."
The Race to the Bottom- PTOI v. KIOR
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 10, 2014
KiOR, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-35213 51-0652233
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
13001 Bay Park Road, Pasadena, Texas 77507
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (281) 694-8700
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--------------------------------------------------------------------------------
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
William Roach, Ph.D, has resigned from the Board of Directors (the “Board”) of KiOR, Inc. (the “Company”) as of October 10, 2014. Dr. Roach’s decision to resign is due to the substantial completion of his work as the chair of a special independent committee of the Board focused on reviewing the Company’s operations.
The Company thanks Dr. Roach for his invaluable service and contributions to the Company and wishes him well in his future endeavors.
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KiOR, INC.
Date: October 14, 2014 By /s/ Christopher A. Artzer
Christopher A. Artzer
President, Interim Chief Financial Officer, General Counsel and Secretary
RUT RO RESET REAMING REDUX
I have traded out twice and have sold my entire position. That is well documented on this POS
LOL. Excellent reply Lites. Great song as well :)
As you know I was a STRONG supporter of this company for a long period of time. I took my 10k loss like a man and moved on. I feel bad for a few friends that were in this stock and loss a Helluva lot more than I, even those that lost jobs working for John. It is not fixed, it is not rigged, it is not NSS. IT IS FAILURE TO EXECUTE couple with lies to sell shares and that is all, plain and simple. You might catch a couple more dead cat bounces but this security is toast. I know all invest on their own terms. I just ask you to look at the book of work spewing out of John's mouth. ALL LIES. The trust fund alone should have made EVERYONE see his true colors. The henchman and their goons that send nasty and vile private emails when one does not support John are a joke. Think if this were your OWN business. Would you put up with any of it, let alone one of the issues/ lies. I truly only wish all left holding the bag here only good things. I simply feel fortunate that I got out close to 100% higher than here and that was pathetically stupid of me. Best Regards, Respectfully, DZ
An oldie but goodie favorite of mine from the 80's seems appropriate here- The Fixx- 'Saved by Zero'
Well stated and similar to my story. John B. WREAKS of con art and scheister. As this scam was unfolding, I kept saying to myself, "In the real business world, nobody would be allowed to get away with this stuff!!". Friends being in on it made it a fun social stock. With each passing quarter, my jaw dropped further. When Processor 3 was uncovered to be a sham, I bailed. I truly hope to see prison time for the folks that perpetuated this scam. I did not lose a lot of money but many hard working people have, including friends recruited to work for this scam. I truly hope to see justice done. Best wishes to all- Former longs that have lost a lot, current longs who are the deer in the headlights, and all the folks that warned of this scam for years after being burned by JB, or simply those smart enough to call a spade, a spade at the onset. DZ
WINNER WINNER! Yes that is the key to keeping the charade alive. Last one out, please shut out the lights! I need a new source of entertainment to watch when the lights go off. Hopefully one that will grow instead of die on the vine and not cost me another 10 large.
Thanks for the injection of humor, the unwavering position, and the absolute truth behind the statements. Carry on...
A real company purchasing a real company- NO SNAKEOIL HERE!
Press Release: RockTenn Reaches Agreement to Acquire A.G. Industries, Inc. to Expand High-end Permanent Display Offerings
DOW JONES & COMPANY, INC. 11:08 AM ET 8/21/2014
RockTenn Reaches Agreement to Acquire A.G. Industries, Inc. to Expand
High-end Permanent Display Offerings
PR Newswire
NORCROSS, Ga., Aug. 21, 2014NORCROSS, Ga., Aug. 21, 2014 /PRNewswire/ -- RockTenn has signed an agreement to acquire A.G. Industries, Inc. (AGI In-Store), a manufacturer of point-of-purchase displays and fixtures to the consumer products and retail industries. AGI In-Store is owned by American Greetings Corporation and employs approximately 300 employees in Forest City, N.C. The transaction is expected to close later this quarter.
"AGI In-Store is an excellent strategic fit with RockTenn Merchandising Displays," said Craig Gunckel, executive vice president, merchandising displays and folding carton. "Adding AGI In-Store supports our strategy to provide a more holistic portfolio of innovative in-store marketing solutions, including 'store-within-a-store' displays."
AGI In-Store operates with a strong commitment to quality, creativity and customer satisfaction, and will go to market as RockTenn In-Store Solutions.
"We are pleased that the impressive business model of AGI In-Store will be able to expand to its fullest potential under RockTenn's ownership," states Zev Weiss, Co-CEO of American Greetings. "We look forward to maintaining our long-standing relationship with the company as one of its customers for retail fixtures."
KeyBanc Capital Markets is acting as exclusive financial advisor to American Greetings.
About RockTenn
RockTenn is one of North America's leading providers of packaging solutions and manufacturers of containerboard and paperboard. RockTenn's 26,000 employees are committed to exceeding their customers' expectations - every time. The company operates locations in the United States, Canada, Mexico, Chile and Argentina. For more information, visit www.rocktenn.com.
About American Greetings CorporationFor more than 100 years, American Greetings Corporation has been a creator and manufacturer of innovative social expression products that assist consumers in enhancing their relationships to create happiness, laughter and love. The Company's major greeting card lines are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings and Papyrus, and other paper product offerings include DesignWare party goods and American Greetings and Plus Mark gift-wrap and boxed cards. American Greetings also has one of the largest collections of greetings on the Web, including greeting cards available at Cardstore.com and electronic greeting cards available at AmericanGreetings.com. In addition to its product lines, American Greetings also creates and licenses popular character brands through the AG Properties group. Headquartered in Cleveland, Ohio, American Greetings generates annual revenue of approximately $2 billion, and its products can be found in retail outlets worldwide. For more information on the Company, visit www.corporate.americangreetings.com.
SOURCE American Greetings Corporation
/Web site: http://www.corporate.americangreetings.com
(END) Dow Jones Newswires
08-21-141108ET
If balls of steel. All told $26,000 have traded hands today. If one bought the low and sold the high and did it ALL in 1 trade, they would have earned $500! This event run may last until tomorrow. History tells us much. This issue stinks like raw sewage. Integrity matters and they have none!
$104 'flip' profit minus commissions. ROFL This SHAM is dead. NEATO TIME. Last one hear, turn out the lights.
Oh the absurdity of it all!!
Now that is funny! However I disagree. This farce has been a scam from day one simply used to enrich insiders pockets. I look forward to seeing these responsible brought to justice, civilly, financially, and criminally.
Very astute...could be another change in business plan direction again. New carrot, same as the old carrot. Keep jumping, not high enough, c'mon you call yourself a long? Keep buying on anything we PR. Now where is my turnip truck?
Business Update.
Entertainment that has simply become a sad failure to watch...
Plastic2Oil Announces Business UpdateWinter Damage Repaired and Condensers Replaced; NYSDEC Permits; Quarterly Report for the Second Quarter; Processor Sales update
MARKETWIRE - CANADA 8:56 AM ET 7/1/2014
Symbol Last Price Change
JBII 0.1015 0 (0%)
QUOTES AS OF 03:24:26 PM ET 06/30/2014
NIAGARA FALLS, NY--(Marketwired - July 01, 2014) - JBI, Inc.(JBII) (the "Company" or "JBI") (PINKSHEETS: JBII) today announced an update on its Plastic2Oil(R) ("P2O(R)") business operations, addressing completion of winter damage repairs, a successful NYSDEC yearly inspection, permit updates, and the delayed Quarterly Report for the Second Quarter.
This past winter was the coldest weather seen in Niagara Falls in years. This caused damage to the water-cooling systems. The water-cooling systems were being heated during the coldest days, however the heating systems were unable to keep up with the high winds and sub-zero temperatures. The damaged water-cooling components have been repaired.
We also had a major condenser failure which necessitated replacement of all of the condensers. The failing condensers allowed for the ingression of water into our fuel storage tanks but the fuel storage tanks did not sustain damage. The condensers have now been replaced with a model known to perform well in the systems over the past three years and the fuel storage tanks have been cleaned.
The solid-waste department of the NYSDEC and Albany staff were in attendance at the Plastic2Oil(R) site for an unscheduled inspection in June 2014. The resulting inspection report confirms the Company is fully compliant.
In December 2013, the Company submitted its permit renewals with the NYSDEC before the renewal deadline. The Company is able to continue to operate under the permits until the renewal permits are issued.
The Company is diligently working on filing its Quarterly Report for the Second Quarter and anticipates filing it shortly. The Company is committed to establishing better controls over financial reporting and timely financial reporting.
Most notably, the Company is working very closely with a highly regarded national engineering firm and its clients to complete sales of processors, which such firm is currently qualifying the JBI 'Flagship Processor' for sales to its clients. The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components. In addition to its sales assistance, Company Management anticipates having the engineering firm install, operate and maintain processors as well as provide all auxiliary support systems. This will enable Management to focus on potential customer implementations. The Company has refined its 'Flagship Processor' to commercial ready standards and it is ready for sale.
About JBI, Inc.(JBII)
JBI, Inc. (JBII) is a clean energy company that recycles waste plastic into liquid fuels. JBI's proprietary Plastic2Oil(R) technology can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from landfills. For further information, please visit www.plastic2oil.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
JBI, Inc.(JBII)
Email: ir@jbi.net
Telephone: 716.471.5995
Source: JBI, Inc.(JBII)
Genius alright. He got me for roughly 11 days of his income. I will hopefully have a chance to join in a class action lawsuit to be filed against him personally. That will be my new source of entertainment; watching him squirm. I now see why all the hatred by many on this message board over the years. He must have wronged more people than imaginable.
Not bad, he is only earning $124.19 per hour. Think about it, each day he goes to work, he steals $1000 from somebody that has invested their hard earned money in his SCAM.
Executive Profile*
John Bordynuik
Founder and Chief of Technology, JBI, Inc.
Age Total Calculated Compensation This person is connected to 0 board members in 1 different organizations across 2 different industries.
43 $258,305
As of Fiscal Year 2013
Thanks Mike. I know you have been here awhile as well and always enjoyed your optimistic posts. I hope you can recover. I sold out to salvage 10%. It was my speculative stock in my portfolio (and the most entertaining I might add). I have long ago recovered with the market soaring over the past few years. My hope now is that the other good folks that went 'all in' and over their heads can recover. I also hop that justice prevails for all those that perpetuated this scam. I still believe in the golden rule. I have run my business on moral ethics and values, always taking the high road. It always has paid off and will again. Just as it wont for JB and henchman. Good luck to you.
Great point but moot. They will never sell a machine that can be verified.
"Also, even if a processor is to sell does anyone honestly think JBI is capable of maintaining a healthy relationship with a customer of any kind? Look at the company's track record".
Or you can keep averaging down by quintupling your investment...AND quintupling your losses. REALLY??
WHEW!!!!
(3) The theory that a private transaction between private shareholders 5 years ago would have to be accounted for in the 10K.....was nonsense.
GOING OUT OF BUSINESS SALE
I just saved 10 cents on the dollar. Sold out of principle. Could not take the lies and deceit any longer. Lost 10k. Will gladly join law suit against JB for those wanting the same. For fun and principle more than any expectation of lost money. This was a 4 year stay at the casino. Worth the entertainment factor. Would enjoy seeing the Golden Rule happen to JB.
10k is out... Thoughts???
And here come the accolades for a job well done;
Grab your cheapies while you can!
Great 10k!
Neato Information!
Tic Toc!
Wait for the processor sales to hit!
Can you feel it??
Excuses? What excuses? These are simply reasons to buy more-
Bad batch of HTF
Too cold
Too Wet
Bad plastic
Bad suppliers
Bad condensers
Bad short sellers
Anyone planning on filing a shareholder lawsuit can add me to their list. Done with all the lies and embellishments after watching for almost 4 years
Well said JC. I agree with your post except for the fact that 'hope' is not in my equation. I now believe John lied to individuals who helped perpetuate this scam. It is absurd to ever believe another word from this company. Looking forward to getting out with less of a loss than currently projected. I will also join a legal suit against John given the opportunity. Under 10k is not a lot of money but I could have had a lot more fun spending it. Now my JBII Investors Hub board entertainment has been replaced with a vengence for justice towards the perpetrators of this crime against common investors. Karma is a bitch and the Golden Rule will prevail. GLTA to all current longs, whether here by choice or not.