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Looks like he was an employee at Mc Daniel Fire Systems where he was...a Manager? Not there long. I wonder what happened that he didn't stay.
In any event, there is no CEO or COO experience here.
Tony Bogolin
Company: Mc Daniel Fire Systems
Executive title(s):
Manager;
Finance Executive;
Sales Executive;
State: Missouri
Industry: Business Services
Description:
Tony Bogolin is Manager, Finance Executive, Sales Executive of Mc Daniel Fire Systems. With a free trial subscription you can view Tony’s email addresses ( @ Mc Daniel Fire Systems's domain ) and you can see emails of other executives at Mc Daniel Fire Systems. Other information includes Tony Bogolin’s email, phone, and extension. Similar names to Bogolin can be found in the Executive Directory.
OK - so I found this:
It states here that he was a CFO and Operating Officer of Mold Solutions LLC from 2008 until 2009. Wonder what happened to MOLD SOLUTIONS LLC and why he was only there for a few months.
From 2008 until 2009, he served as Chief Financial and Operating Officer of Mold Solutions LLC, a startup industrial company where he developed the organizational infrastructure to prepare for growth.
We need to know more about Mr. Bogolin. Where he worked before RKT. What were his duties, what positions did he hold, how long was he there and why he left. Was he a COO before? What operational experience qualified him to be a COO? Was he a COO for another Pyrolysis operation? Was he a CEO somewhere?
We have to know what Mr. Friedman, Mr. Dunn, Mr. Dorrell and the others saw in him that made him CEO material.
News even in San Fransisco
http://www.sfgate.com/business/energy/article/NY-manufacturer-to-make-fuel-from-Crayola-castoffs-4703204.php
http://www.plasticsnews.com/article/20130802/NEWS/130809985/jbi-to-partner-on-crayola-marker-recycling-program#
http://articles.mcall.com/2013-08-02/news/mc-crayola-markers-recycling-20130802_1_markers-plastic-u-s-schools
Here are just a few stories there are man many more - word is getting out.
http://www.abc27.com/story/23032193/crayola-launches
http://pittsburgh.cbslocal.com/2013/08/02/manufactuers-to-make-fuel-from-crayola-marker-castoffs/
http://www.therepublic.com/view/story/30daada6e0bb487fba655d6285041598/NY-Crayola-Markers-Fuel
http://www.phillyburbs.com/ap/state/pa/easton-s-crayola-cuts-deal-with-ny-manufacturer-to-make/article_1dcf5c3b-00b3-535a-a6ca-93323dc95a68.html
http://www.sfgate.com/news/article/NY-manufacturer-to-make-fuel-from-Crayola-castoffs-4703204.php
http://news.wbfo.org/post/clean-energy-company-converting-crayola-markers-fuel
http://www.13wham.com/news/features/top-stories/stories/ny-manufacturer-turn-crayola-markers-fuel-2442.shtml
http://www.mcall.com/news/breaking/mc-crayola-markers-recycling-20130802,0,5762721.story
http://www.energydigital.com/press_releases/waste-management/jbi-inc-and-crayola-partner-to-launch-colorcycle-program
http://www.newspressnow.com/news/nation_and_world/article_171a37e6-b39f-536d-872e-6e3549b5ba65.html
http://www.lehighvalleylive.com/easton/index.ssf/2013/08/used_crayola_markers_to_be_tur.html
http://www.lehighvalleylive.com/easton/index.ssf/2013/08/used_crayola_markers_to_be_tur.html
http://www.dailylocal.com/article/20130802/NEWS03/130809900/manufacturer-to-make-fuel-from-crayola-castoffs
If they do they shouldn't
Do Tony, Friedman, and Dunn really think they can do this w/o consequences?!
they can try - but it will be their last - we won't go away without a fight. Don't worry Mr. Dunn, Mr. Friedman, etc. you won't be left out.
fill your pockets with dirt cheap stock priced at mere pennies....gain majority control of the company
Most shareholders were not comfortable when the investors put Rauber and Bogolin into the positions of CEO and COO. One is gone and the second is on his way out and I could not be happier. We need a CEO and BoD that is working for the company and not against it.
just wait, you'll see 100% increases daily - soon!!!!!!!!!!!!!
Great day for longs on JBII. Up .0279 or 8.4%. I am looking forward to news that may come anytime. Tick tock, 10Q by Friday.
You'd better qualify that as there are many ways dilution can occur. You mean the preferred being exchanged for common? That is well know and expected. Anything else please specify?
Well, if Mr. Bogolin is waiting for a settlement he best not wait to long as all we want right now is the 50 G's back and of course everything he spent that didn't qualify as a company expense.
Tony, did you make any purchases that doesn't qualify as a justified business transaction? If you did that might be deemed fraud or theft? I hope not because you know what that means don't you?
Well, that's untrue. When I participated in the .80 pipe years ago I found thru DD that the Nevada agents were not updated by Anslow and Jacklin and that the corporate bylaws and charter stated no liquidation rights.
He also received 100 million voting rights on the PFD's received in exchange and he concealed the 8 to 1 PFD liquidation preference until more recently.
The contract for return stock was not for 34 million it was for 19 million
Come on Brig he does have a choice - he can resign or face criminal charges.
You think that TB had anything to do with Crayola - no!!!!!!!
Do you think I'm sand burned and from California.
Nice launch coming at the schools this coming year - nice ah?
Every year, Crayola makes about half a billion markers enough markers to wrap around the earth more than three times and about 3 billion crayons.
Every little bit counts.
How could there possibly be enough crayon material, and continuing supply of it, to produce a significant amount of fuel?
Source of income for who? You will recall John and others didn't even take a salary until the permits were granted. He's the same person who returned 31 million of his personal shares to treasury and several hundred thousand more shares were donated to charity and to pay the incoming CFO to get the Q's out on time. Does that sound like someone that shareholders worry about - absolutely not.
Don't know about the working part, but JB only views shareholders as a source of income.
Mr. Bogolin - it's a good day to resign.
You can ask me. To set the record straight John's relationship was very good with Rauber before the Investors insisted on his appointment to CEO. After all they did work together for many months putting the RKT agreement together. No one has suggested otherwise that I know of.
As stated many, many times before, John said from early on that he wanted to concentrate on the tech and wanted to leave the running of the company to someone else.
With respect to John and Kevin's relationship, you'll have to ask someone else whether or not it is "pure fantasy and very wrong."
It was a condition of financing for him to step down - as was it a condition for him to settle the SEC suit asap (see agreement with investors).
So now we should be asking who, of the investors, demanded that Rauber be named CEO and how did he get to bring in Boogolin and pay that kind of salary? A COO was not needed especially one with no COO experience in Pyrolysis. I don't see any evidence that the BoD made the hire - if they did I assume it's in the meeting records.
Doesn't mean evidence doesn't exist. I'm sure he's not about to post that on this or any other board.
It was John asking that they be allowed access to the plant thru John Wesson. After all it was his responsibility to have a Board seated - I don't think he'd be standing in the way of himself.
What verifiable evidence is there about 99% of the things discussed here.
I don't have that evidence myself as I'm not part of JBI but I'm 99.9% certain that evidence exists. Why was the tour cancelled again?
It's important to know that investors do have liquidation preference
How would we even know - the candidates were not permitted access to plant to conduct DD.
Even if that conclusion could be reached, you need to read the whole thing.....right until the very end:
"There can be no assurance that the Company will be successful in attracting and appointing such Qualified Independent Directors."
So if there is nothing to see/find why not allow the candidates access to see the processors and review the books and do other DD? Is there something in them that may expose expenditures that aren't legit?
One thing they'd do would be to interview management. Perhaps Mr. Rauber, Mr. Bo olin and Mr. Ingham felt they might not be able to supply answers they're expected to know as a CEO, CFO and COO after all, they were only at the plant a few hours a week.
What kind of DD do you think a director candidate does? This company has had a bunch of directors, none of whom appear have to have spent much time in a plant. Offices all look pretty much the same. A Google map view of 20 Iroquois paints a not so pretty picture and its free to anyone who cares to have a look.
Tell me why any candidate would agree to sit on this company's BOD when they were unable to attend the plant/office and conduct DD? So it comes down to the current seated BoD obstructing the process does it not?
Perhaps you can answer why the BoD candidates weren't allowed into the plant to conduct DD? Seems to me that there is only a couple of logical answers - there was an ulterior motive for not allowing a BoD to be seated or they were worried what the candidates would find during their DD.
Replace Mr. Bogolin, is that all? I think it's criminal if he, Rauber and the investors blocked the naming of a board back in January. We need to get a close look at everything that transpired since the investors came in. We need to look at the books, emails and speak to staff to determine if there was some type of collusion going on to destroy/bankrupt the company. I can't believe for one minute that a person with his background could make such simple mistakes that has cost the company 10's if not 100's of thousands of dollars. A thorough investigation is needed here. If there is any hint of wrongdoing the SEC and others need to be brought in.
One question remains to be answered - Why were potential board members not allowed on site to conduct DD? The only thing I can think of is that they were worried that the candidates would find something suspicious while doing their DD.
Tony,
I've been here for FOUR years and I've invested
a small fortune in the JBII technology.
YOU OWE it to all of us to SEAT A BOD
and help grow this company.
That is your job. If you don't do this
we the SHAREHOLDERS/OWNERS of this company
will do what ever we can to get you replaced.
Well Mr. Bogolin - if the BoD isn't announced by Q time then that is what might happen (see quote below). Of course we'll have to time that to coincide to one of the few days that you go to the plant. If you're working a 3 day week and financing hasn't been secured, the AGM hasn't been finalized and a BoD hasn't been chosen then I ask one further question, why are you the CEO - you clearly don't care.
(Seeing that KR, TB and MI wouldn't allow potential BoD candidates to visit the plant back in January then they must have their own qualified board ready to go. I expect it will be announced before the Q.
)
One hundred shareholders at the front gate asking for answers might be impressive, also.
does it even matter if it's patent protected? JBI aren't selling machines or the formula to outsiders. No need is there?
I believe that Mr. Dunn is one of the good guys as are some other investors - it's my belief that there is a couple of guys speaking for all and sometimes without there consent. Problem is I believe that a member(s) of the current BoD is/are being manipulated.
you say thousands, I say millions
Perhaps we'll see proof soon - it's coming
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You've been asking for results for the last 5 weeks. I expect that when there is enough constant data to report it will be reported. With any luck there may be some results reported in the upcoming Q.
Remember this is basically a new design.
volume has nothing to do with company success. All those owning shares are hanging unto them very tightly.
Not sure you read any posts here but it has been said many times that #3 is in start-up/debugging mode. I wouldn't want results under those conditions.
All public companies use funds raised through selling shares to advance the company's needs. Why do you think JBI would be any different. Funds raised to date have done more good to advance pyrolysis than any other company in the past and, in far less time with far less money.
We need a strong BoD to further their achievements and one was at hand until Kevin Rauber, Tony Bogolin and Matt Ingham refused them entry into the plant to conduct DD. What candidate would even what to be part of that mentality?
Tell me again how John can seat a board with that going on?
Excellent post - it must be reiterated that the group of board candidates found by Mr. Wesson was not allowed to attend the plant to do their DD. One of the areas they would have assessed was management. I wonder what they would have thought of KR TB and MI?
Your analysis attempts to calm and soothe common shareholders, but I am NOT buying 99% of it. Instead, I would say "Conspiracy Theory Deepens"
Quote:CONSPIRACY THEORY SOLVED!...
Let us examine a few of your items.
Quote:The one "potential" benefit for those remaining as signatories of the Side Letter possess is the right to acquire voting control if the company has not seated a Qualified Board after 18 months.
This is rightfully a major concern of common shareholders. There are many ways to bankrupt a company. If the letter agreement is not amended or rescinded before mid-November and the investor group (or some within it) want control over the fate of the company, they can capture Mr. Bordynuik's series A preferred voting rights. Without an independent BOD in place, the investor group can make "bad decisions" that result in chapter 7, with the result that the company would be liquidated.
Quote: ...if this technology is worth so much money, then some other entity will pay off the liquidation preference of the convertible preferred shareholder, eight million dollars, then all the residual value goes to us, the common shareholders.
That's not comforting at all, as the value of JBI resides in P2 and P3 (then #4...#5...etc.) with HTF, actively producing ultra-low sulphur from waste plastic. We are not interested in liquidation value, are you?
Quote:Who has the unilateral right to seat a Qualified Board? Pursuant to Section 4. of the Side Letter, John Bordynuik, no other individual, may now unilaterally seat Qualified board members.
Mr. Wesson had more than one "qualified board member" ready to be seated, and several that had stellar resumes and were close to the stipulated criteria of the side letter, but Rauber, Bogolin and Ingham continued to stall Wesson and denied the seating... do you have any idea why?
Quote: With over 2300 publicly traded companies with a market cap in excess of $700 million, that creates a potential pool of board members that may number between 15,000-20,000 prospective candidates. This number may be somewhat reduced by the requirement of also sitting on another board, in the past, with a market cap of at least $700 million. John could certainly source a number of board members from this large universe.
This argument is false and misleading. The universe may be large, but Mr. Wesson has publicly stated that after working with the NACD, the CDG and the Boston Club for many months to procure candidates for the Board: "Most were Master Professional Director qualified. Many had been CEO's in their own right and/or CFO's. Some had recognition of Director Organizations...The candidates themselves were impressed by the prospective slate." (see sticky note at the top)
Quote:Not one post has explained how they (the whales) could benefit themselves to the exclusion of the other common shareholders.
1) Simple: bankrupt the company and liquidate the assets. Bring in their own engineers to try and reverse engineer the processors. Spend money to do what Mr. Bordynuik is doing now, and then when ready, come out with a road show and IPO and clean up. Sound good? NO, not for common shareholders it does not!
Regarding the second nefarious group of "Killer Whales"
Quote:Why would they have invested $8 million in the company, when they could have merely not invested the capital seven months ago, and have the company go into Chapter 11 without such investment?
Perhaps to let Mr. Bordynuik bring the technology along to a finished product, but not be "inclined" to provide a final bridge of cash until production revenues take over?
Quote:Furthermore, who has "exclusivity" during the initial stages of the Chapter 11 process to file a plan of reorganization? We do! The common shareholders have the exclusive right to construct a plan of reorganization for a period of time, not the convertible preferred shareholders.
But unfortunately, not true for Chapter 7, n'cest pas?
Quote: Furthermore, even if the company were to go into Chapter 7 So the convertible shareholders merely break even on their investment. Not much of an incentive for them to see the company fail, versus seeing the company thrive and having the value of the underlying common be high.
I agree with you, unless the investor group also captures the company's intellectual property at the same time.
Quote:Lastly, and importantly, there is predominantly one key variable that trumps all of the issues, the uptime performance of the processors. Only one person controls that. John Bordynuik.
He doesn't "control it" but I happen to know he has been working his butt of to make it happen, in spite of many different kinds of challenges along the way. I am hearing he is on the brink of success, are you?
Quote:John Bordynuik controls the processors and therefore, the cash flow generation of this company.
Only if Tony has procured enough feedstock, and so far Tony has been a disaster, commuting a couple days/week and screwing things up when he is present at the plant. Any idea why this would be so??
Quote:Let's hope he gets the processors to operate at significant uptimes expeditiously, so all of us common shareholders will benefit.
This is my sole agreement with you.
No need - they never respond to emails and I know they read the boards so I expect they've got the message loud and clear - don't you Mr. Bogolin, Mr Ingham and Mr./Ms. Investor.
Have you emailed or called him on this?
That needs to be repeated.
I can think of at least one more employee cost cutting measure. No BOD, no AGM = no CEO
or perhaps they've become more efficient and have completed the construction of processor # 3.
Begs the question: Is the company in deep trouble or was it grossly mismanaged previously or both to reduce the workforce by 27%?