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Fine. What are the total cost and is anyone closer to figuring out what they might be per unit of output? I sure can't
Does anyone have any idea as to what it really costs to produce a BOE? I guess the $10 per BOE is not valid any longer. I figure that there are fixed costs that will change as production ramps up but these results were less than inspiring
Other than the share price, have we determined anything?
Thanks
What's the big day for the Q?
So what's the latest today and when is the Q to be released?
So whar are the current rumours or news?
Any idea as to what is happening?
Any ideas as to todays runup?
Very interesting article. Proves it can be done:
http://feedproxy.google.com/~r/businessinsider/~3/lzrPrXphQLo/Pilot-attempts-first-flight-powered-only-by-household-plastic-waste.html
I wish you could buy options on jbi. I haver never seen a stock that has the potential for a binary result like this one
Thats why I keep looking. Rauber is taking the same risks investors are. Staying at RKT would have been safe but nowhere near as potentially rewarding. All I am saying is that you need to be aware of the risks. I think some on this board see this as a slamdunk and will always believe in it. I still think if P2O works, it wont matter what you pay, you will make money. Right now the position is max risk, max reward
That about sums it up. Right now its just a speculative stock. If you really examine why you bought it, you bought it in the hopes of making a big gain in a short period of time. You did not buy it for the fundamentals because it does not have any.
Its action of the last few years is completely consistent with a speculative stock. You are speculating that P2O works and that the company can become profitable. There is absolutely no assurances of any of this happening at this point in time. I don't care how many awesome pictures there are or SAIC reports of operational profitability there are.
You bought this stock on speculation. I am not saying that the speculation cannot work. I have seen spectacular speculations work out and shareholders rewarded with incredible gains. It might happen with JBI and I hope it does. I am just trying to take the emotion out of this because I see a lot of it on this board and the disappointment is tangible and it turns into a lot of anger that events don't work out as you would want it to.
You need to keep in mind what this stock is and that it can go to zero. I AM NOT SAYING IT WILL. But it is simply a spec at this point. You cannot do any analysis other than hope this potentially incredible process works.
I have seen it time and time again where investors stubbornly cling to what they want their emotions to happen and don't keep an eye on reality.
Having said all that, I keep an eye on this stock very carefully. The odds are very long but I have never seen a stock that potentially could be hugely profitable like JBI. I just have not seen the real evidence to date to make me really comfortable. Its a spec and you need to keep that in mind. Not trying to lecture but just realitying.
Today's announcement didn't surprise me. A full qtr of production without problems with only 2 machines running would have difficult. If 1 machine had problems, it cuts 50% of production. Hopefully next month we get more answers
No. I think he is in the right place hopefully. I suspect he has a lot of influence in the direction of the company. However the cockroach theory still prevails. If you see one cockroach, you know there are lots more
I agree. It would good for him as well. We have been under the cone of silence for to long. Now that sec issue is mostly resolved, they should be able to speak more freely
You're right, I suspect. The expectations are there. I hope they lay it out in plain English with production from P2O clearly delineated. Hopefully then they start to get the story out there. My main issue is I have no trust in JB
I dont think we really need to show CFP although it would be nice. There are certain fixed costs that might prevent cfp. As long as they show rev from P2O and break down variable costs in a manner that you can extrapolate from, I would be happy. I just want definitive proof P2O works. Thats all we need
I would be thrilled with that. In fact it would be great to have any rev directly attributed to P2O with a breakdown of costs
The only thing that will validate JBI is a full quarter of P2O revenue with positive CF and full details of COGS and sales. The SAIC report has been public information for months and it has had little effect on the stock.
We need to be able to do the analytics and we cannot do so now. We have opinions, anecdotal evidence of company profitability but very little of cold financial information. You have a lot of faith and conviction in JBI. I hope you are right and you are vincdicated but we have nothing so far that will connect the dots together to give an idea as to what to value JBI at.
I am not a basher and I am not currently long. My last position was closed out at a very tiny profit. Bought at .85 and closed out at .985. I will watch and wait for more information.
I have never been short and will never be short. I don't believe JBI is a scam. I am hoping JBI succeeds but hope is a terrible trading strategy (my opinion only)
Do we get reset to $0.80 again? I think its possible. $1.50 will be hard to crack
It's back to reality for JBI. They still have to prove the process works and is profitable. Sorry Z, pictures are not enough
Look. Just because you want something to happen does not mean it will necessarily happen. The burden of proof has not yet been revealed. All the pictures to date is not irrefutable proof. That is why the stock is trading where it is. If all was known unequivocally in a positive manner the stock would be much much higher
That is exactly what we need. Anything less and this is a go nowhere speculative POS
That does not constitute quantifiable proof there is no risk that jbi will be profitable.
Thanks for the picture. Got any more?
I think we retest $1.50 this week and go through. when is their quarterly due?
Can you please quantify that statement about zeo risk please and please no more awesome pictures fron the discovery channel
Yes. All they have to do is prove it works, is profitable and scaleable. Has to be shown on audited financial statements with clear display of cogs, etc. There will be nothing like this on the street. The first green technology that works. Wall st. Will love it
I would agree. Consolidation is healthy and it was evident there was resistance at $1.50ish. I still think we go through it. If they do actually become CFP, the old highs will go as well
Volatile little sucker, eh?
I think we are going higher. Nice close, nice vol. Next resistance is $1.40
I think we will blow through my $1.20 tp. If we do, we go to $1.35ish relatively quick. Individual order size is still relatively small still lots of orders of less than 1000 shares.
JBI Inc. raises total of $8 million, Proposes Jacksonville energy ...
Jacksonville Daily Record
It says its proprietary Plastic2Oil technology "can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from ...
JBI Inc. raises total of $8 million, Proposes Jacksonville energy plant
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01/23/2013
by Karen Brune Mathis, Managing Editor
JBI Inc. announced it raised another $4 million this month, selling a total of 2.3 million shares for $8.05 million, indicating its proposed Plastic2Oil plant at RockTenn in Jacksonville might be closer to development.
JBI, based in Niagara Falls, N.Y., said Thursday it completed a sale with investors for 1,153,556 additional shares of its Series B convertible preferred stock, generating $4.04 million.
Added to a previous sale announced Jan. 2 of a December sale of 1,146,444 shares for $4.01 million, the total raised exceeds $8 million.
"We are pleased with the positive investor response which allowed us to not only meet, but to exceed our original goals for this raise. This funding is key to continued execution of our plans," said JBI CEO Kevin Rauber in a news release.
Shares in December were sold Dec. 27-31 and the January shares were sold Jan. 11-17.
JBI describes itself as a leading clean energy company that recycles waste plastic into liquid fuels. It says its proprietary Plastic2Oil technology "can deliver economic and environmental benefits by replacing refined fuels and diverting waste plastic from landfills."
Its website is plastic2oil.com.
After the December sale, JBI said in a Securities and Exchange Commission filing Dec. 31 that it raised $4 million between Dec. 27 and Dec. 31 in a private placement of stock, indicating it was a step closer to developing a Plastic2Oil plant in North Jacksonville.
"With this financing, we will continue to move forward towards our stated goals and continue with development of our planned Plastic2Oil site on the RockTenn Company property in Jacksonville, Florida," Rauber said December in the statement in the Form 8-K filing with the SEC.
"This financing, combined with our efforts to grow revenues and reduce costs, are important as we continue the momentum to execute our business plan," he said in the Form 8-K, which is used by public companies to report major events.
Public companies also file annual Form 10-K and quarterly Form 10-Q reports.
JBI CFO Matthew Ingham also commented in the December filing.
"We are excited about this financing, as we believe that it provides us with the necessary capital and flexibility to expand our production capabilities as we continue to work towards maximizing shareholder value," he said in the filing.
RockTenn and JBI continue to decline comment about a possible JBI plant at RockTenn. RockTenn Corporate Communications Director Robin Keegan has declined comment and referred questions to JBI. Chris Irons of JBI investor relations has said the company had no comment.
Neither responded to a request for comment Tuesday.
The Daily Record reported in August plans were under review for a Plastic2Oil production plant to convert waste plastic into fuel oil. It is shown as a 5-acre project on part of the 241-acre site of the RockTenn Corp. Seminole containerboard mill, formerly known as Smurfit-Stone Container Corp.
RockTenn is in North Jacksonville at 9469 Eastport Road, off Heckscher Drive.
As reported, preliminary site plans show a 9,360-square-foot module production pad with adjacent space for truck unloading; a 1,170-square-foot storage tank concrete area; a 900-square-foot fuel truck loading area; a cooling tower; and a 720-square-foot quality control testing laboratory trailer.
The plans show conveyors, three "premelts," three reactors and towers and condensers.
Technical Associates is listed as the civil, structural and mechanical engineer, while Janet Whitmill is named as the landscape architect.
JBI formerly listed its headquarters as Thorold, Ontario, in news releases. In a Nov. 8 release, it used the dateline of Niagara Falls, N.Y., and referred to its new executive team, headed by Rauber as president and CEO. The latest Form 8-K filings and news releases also use Niagara Falls as the headquarters.
JBI's Niagara Falls facility currently has two operational Plastic2Oil processors and a third is being assembled and is expected to come online during the first quarter this year.
In late October, the Daily Record reported there had been little reported movement in the proposed Plastic2Oil plant at RockTenn.
The City began reviewing construction plans in April and has approved some of the several required elements of the project.
Another indication about Jacksonville plans was included in an October news release.
In a news release posted Oct. 12 on the plastic2oil.com website, JBI, then listing its headquarters as Thorold, Ontario, commented "on improper release of SAIC Evaluation Report" regarding its technology.
The Daily Record obtained what appears to be the executive summary of the SAIC report, which contained processing data from reviewing JBI's facility in Niagara Falls. It addressed the "proposed commercial facility" in Jacksonville and estimated capital costs and earnings.
JBI would not comment about the specific information. The executive summary said the Jacksonville site would consist of three processors that cost $6.5 million plus engineering design fees and contractor distributable costs that could add up to $2 million for the overall capital cost to construction. That totals $8.5 million.
JBI "has become aware of the improper release of a confidential executive summary prepared by SAIC Energy, Environment & Infrastructure LLC relating to SAIC's May 2012 evaluation report on JBI's Plastic2Oil technology," JBI said in the Oct. 12 release.
SAIC is a private consultant for scientific, engineering, systems integration and technical services.
JBI announced May 15 that SAIC was commissioned for an independent review of its technology, process and business model. "However, neither the SAIC report nor the executive summary should be relied on as management's analysis or opinion regarding JBI's current strategic plan or its business or financial prospects," it said.
"Furthermore, the conclusions drawn by SAIC were based upon a number of assumptions made at the time of the report that may be outdated or incorrect or that may prove to be incorrect in the future. Management's current assumptions may differ and additional events, risks and uncertainties may cause JBI's actual results and performance to differ from SAIC conclusions or projections," it said.
"JBI encourages investors and potential investors to look to the statements and information contained in JBI's press releases and in its periodic reports filed with the Securities and Exchange Commission when making any investment decisions about JBI's securities," it said.
The plastic2oil.com site describes JBI as "an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement."
According to the website, JBI and Smurfit-Stone Container Corp., which RockTenn acquired in 2011, entered into an agreement in April 2011 and the company made its first fuel sale.
In July 2011, JBI reported it entered into a 10-year referral and revenue-sharing agreement with RockTenn to convert product waste into fuel using the P2O technology.
The JBI website reports that JBI's patent-pending process "is a commercially viable, proprietary process designed to provide immediate economic benefit for industry, communities and government organizations with waste plastic recycling challenges."
The website reports that Rauber previously was vice president and general manager of RockTenn, which is based in Norcross, Ga., and operates more than 240 facilities in the United States, Canada, Mexico, Argentina, China and Chile.
In May, JBI announced a $10 million investment in equity capital, a successful review of its technology by SAIC, former CEO John Bordynuik's transition to become chief of technology and Rauber's decision to join as CEO and president.
This is a very curious stock. Lots of things that make my hair stand on end but just as many things that keep me intrigued. I have seen lots of companies like this whether its oil, gold, biotech, technology. They have a very interesting story that promises to be a game changer. In oil, its the prospect of a great discovery where oil has never been found before or gold that suggests that they are on the verge of a large find. (I remember what Mark Twain said about a gold mine. He said, its a hole in the ground with a liar on top.) Biotech with a promising new treatment. These were all penny stocks or very low cap stocks. Most flame out and disappear.
Some go on to great things. Like Silver Wheaton trading at $0.10 in 2003, now at about $35. I have made fortunes and lost fortunes on these things. I have a small position in JBI now and will trade it. My last trade this month bought my family a Caribbean vacation so why not.
I would advise that you have to use discipline here and keep some tight mental stops in place or have a plan to take profits at pre determined levels. I suspect there are some big things ahead but I certainly cannot guarantee it.
I am not trying to provide advice here. Everyone can do their own thing with their holdings. Just trying to help with my thoughts.
I reserve the right to be wrong however. I will move my mental stop to 10% below the market price. I do like the real short term chart but hate the long term chart. Lots of overhead and I mean lots
I think this could run easily back to resistance level of $1.20. 10 day ma crossed 49 day ma. Signals a bit a break. Still very small orders last 2 days. Back in at .88, mental stop at .80
Good business if you can get it
This is only my opinion and I reserve the right to be wrong. IMO! nothing much has changed with the co and ysterdays news was not reason enough to buy. Thry still had to settle with the sec. They were not exonerated. Its nice to have it out the way. I am still waiting for the real news that tells me this real
There are opportunities for liquidity here. We are in one now. Stocks like jbi are easy to buy but can be hard to sell sometimes. If something goes wrong and everyone heads for the exit at the same time, it can be a real problem.