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2 more trading days and the lid pops off this issue, one way or another. My belief is in the proof of concept that is JBI.
Whatever reasons, valid or invalid, that has kept a lid on this company, the winds of change will be there for all to see on Tuesday.
This has been painful to watch over the past 6-7 months. I look forward to that change come Tuesday. Good luck to all JBI longs who have felt the same but honestly believe in what is about to occur with this company. Godspeed.
I received this alert-
The OTC Exchange has been down this AM due to a software glitch and rumor has it that we will be up and trading by 10AM. Will be back this afternoon with updates, hang in there.
Good insight and well thought out post Bueno. Thank you.
DZ25 501k
Well stated CSLewis. I like the conservative approach to Kool's spreadsheet however. Knowing upside potential is enormous is a beautiful thing!
Fascinating indeed. I look forward to the fireworks that JBI IR will set off with the announcement of Q3 sales and or an update of Prox #3. Smiling and biding my time.
A sign of things to come for JBI.. Are you ready? Get ready! GLTA JBI longs, this is going to be fun
Wait for it... ARE YOU READY?
Let's BLOW the ROOF off of this seller or short seller keeping us in check! Sure will make my day and weekend.
Same here Clewis. Fascinating!
Desperation- 39000 more markers sold to push down to .40
:)
Make that 600,000 shares
Excellent comp Penny!
And the FUD continues into the 11th hour! Long and strong JBII
I saw the sell earlier this am and saw it again at the close. Fidelity does not give me level 2 view on JBII any longer and have not contacted them to get it back. Have a great weekend 4K
109418 shares for sale about tells you...
P2OBleavR- I do not have PM capabilities but if you PM me your email, I can communicate with you that way. Thanks! DZ
JBI playing the game like a champ. Taking out each ask with methodical precision. This is truly getting interesting. Playing the share price manipulation game!
Not from me, but you may be begging me to sell you a few thousand spare shares under $10!! Game on!
As the sellers are jockeying for the lowest ask, now would be a good time for management to release some positive news on Processor #3. They do not have the luxury to sit back on their huge salaries and bonus checks and pull the blanket over their heads. Release news regarding how the processor is working, NOW!
Someone just dumped over 120k shares in last 5 minutes, unreal
Correct New Money! That is the latest conspiracy theory just destroyed!
I love this line from the paper:
"The fuel from the plant is directly shipped to end-users including US Steel, Coco Paving, and several fuel distributors."
So much for another lie of not selling to X.
Holding strong through V-day (vindication day).
Same answer I got today. Pressed for processor 3 dates as well to no avail as expected. We need this thing on and making fuel now or the whole thing collapses. Stock price shows people have lost patience and not accepting laundry list of excuses anymore. Sh-- or get off the pot time. I will be in until we get the long anticipated results and answers all longs are looking for. Good luck to all my friends long in this stock!
WTF. This will test the strength of any human. No sense in selling here. All chips in and will see how it plays out. Looking at this investment as a write off already so can only have fun watching it move one way or the other.
Fighting back. The selling is being absorbed here.
Crayola And JBI's Plastic2Oil Partner Up For Colorcycle Program
Apr 25 2013, 11:35 | about: JBII.PK
Disclosure: I am long JBII.PK. (More...)
Never invest in any idea you can't illustrate with a crayon.
-- Peter Lynch
Beginning on Earth Day April 22, JBI, Inc. (JBII.PK) became an idea you can literally illustrate with a crayon. JBI is a clean energy company that recycles waste plastic into liquid fuels. JBI's founder and Chief of Technology John Bordynuik presented at the North American Waste-To-Energy Conference in Fort Myers, Florida this week. As part of that presentation, JBI revealed its partnership with Crayola.
(click to enlarge)
While the details of the new partnership weren't clean in the presentation, a quick search to Crayola's website reveals a new program launched called "Colorcycle." From the website:
(click to enlarge)
Crayola ColorCycle - Turn Crayola Markers Into Energy!
Crayola and schools across North America are banding together to help kids understand the importance of their role in protecting the environment. That's why we are launching Crayola ColorCycle. Through this initiative, students in K-12 schools across the continental United States and parts of Canada can collect used markers and send them to a conversion facility where they will be transformed into clean-burning fuel.
ColorCycle is also a great opportunity for teachers and their students to explore eco-friendly practices. In addition to the "magic" of marker-to-energy conversion, specially developed standards-based lesson plans are available to enrich instruction and promote lively class discussions.
For JBI investors, it should be important to note that JBI isn't paying the shipper charges. Also from the website:
FedEx Ground will pick up the markers - Crayola pays all shipping charges!
JBII has developed a patent-pending process called "Plastic2Oil" (or P2O) that takes unsorted, unwashed waste plastic and turns it into consumer-ready in-spec fuel. Its process utilizes a proprietary trade secret catalyst to crack the long hydrocarbon chains in plastic similar to the way oil refineries crack long hydrocarbon chains in oil. The process runs on its own off-gas and is mostly automated leaving very little labor and energy costs to run.
As stated in my first article on JBI, the never-ending quest to find alternative sources of energy that can cleanly be made and still are economically viable has failed and will continue to fail according to the U.S. Energy Information Administration. The goal of any alternative energy concept is (or at least should be) to produce energy that cost less to make than traditional means. Nuclear, incineration, hydro, geothermal, wind, solar, etc. -- all are still too expensive despite trillions of dollars having been poured into these technologies over the years. The reason for their failures is either prohibitively high up front capital costs that bare far too little energy return (e.g. - solar and wind), have high energy costs themselves (e.g. - biomass incineration), or high labor cost (e.g. - ethanol and other biofuels).
I believe JBI may be well on its way to achieving cash flow positive status which will be full validation of its Plastic2Oil technology as a viable alternative fuel technology. Crayola's feedstock and partnership providing JBI with feedstock at its expense brings JBI one step closer to achieving its goals. In the latest conference call, JBI estimated cost per gallon of fuel to be 45% feedstock procurement and 38% freedstock pre-processing (shredding bulk plastic into smaller pieces, etc.). This 83% of the cost per gallon of fuel for normal feedstock would be mostly eliminated with Crayola crayons and markers (both made of plastic) feedstock. With $2.09/gallon in costs for 2012, that would be up to $1.73 per gallon eliminated leaving a cost as little as $0.36/gallon or $15.12 per barrel in fuel. JBI sold diesel fuel for an average price of $2.64/gallon or $110.88 per barrel in 2012.
JBI still faces risks and uncertainties. For one, it has a history of net loss and delays and as with any new technology there's always a risk that something can go wrong especially in the short term until it has a number of solid quarters of profitable operations under its belt. Permits are always a challenge and take time and money. Fuel prices themselves could take a dive and would severely hurt JBI's chances of being successful. Keep in mind in 2008 when fuel prices hit record levels that same very year oil fell to under $30 per barrel. Who's to say that won't happen again? If it does, it would have a dramatically negative effect on JBI's bottom line.
60k on bid at .70 and 21k on ask at .73.
Shaping up to be an early morning battle!
Over 100,000 shares dumped at or just above .70. Someone is not amused.
It is so dismal that I just bought my daughters 1000 shares ay .94 for upcoming college graduations gifts! Let the K reveal the glory! GLTA Longs. Go JBI
It would be very easy to conclude if one picks up the phone and call JBI Investor Relations
I apologize, my notes state 3/18 but I believe it will be sooner
Chris stated 3/15 or sooner. My guess would be 3/11- 3/14
Knock Knock Knockin on Dollars door!
It's always refreshing to speak with Chris Irons. All is well in NF and the machines are cranking out the fuel. I eagerly await the 10K and all the information that will be included. Stay tuned, you wont want to miss it! Les than 3 weeks away as I am sure they will release it early or on time. Long or short, it will be epic :)
Well said Iroqois and I agree! DZ
Yeah that's it! I guess we all know who Potter is in the story
Another banner day for the JBI (Bailey) household. We all know how the story ends...It's a wonderful life!
News Pending?
25,100 on bid, SWEET!