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You're right, although throughout all those events there were many of us (many not idiots either) who continued to be blind to the warning signs. Maybe Heddle just bought John's lies, and figured it was all down to poor execution (like PakIt, Javaco). Heck, that's what I thought for many years, until it because obvious their processor just doesn't do what we were told is did.
I remember the indignation I felt when tankers were spotted on JBI premises, only to read a post from somebody here ask if they were emptying the fuel tanks, or filling them. Filling them? I scoffed at the idea. Then we all learned it was HTF being.. indeed.. put IN to the tankers that were supposed to hold all the liquid gold P2O was supposed to rain out.
That was about the turning point for me, as I look back on the story line today.
Heddle has at least sone material information that he's keeping from shareholders -- the actual production cost per barrel of P2O's spec fuel.
Clearly it's nothing even remotely close to $10/barrel (the only number they've ever provided us with in the past).
Also, the feedstock accepted clearly isn't mixed and dirty, as advertised -- seems to need a certain amount of oil (aka heat transfer fluid) to generate the right output.
Oh, and there's the cost of manufacturing the processors. It's not the $80k (gen 1 proc), nor $800k (gen 2), but we actually have no idea now much gross profit they'll realize if they sell one for $8 million. My guess is not enough to keep them afloat long enough to find another company to buy one. After all, there were JVs-a-waiting for machines years ago who would surely happily buy some, if they do what was originally advertised.
Excellent post. Such great quotes to remind us of just how dishonest (and how much of a criminal) Mr. Bordynuik is. Mr. Heddle's wearing his shoes now, and clearly had no idea what he was stepping into. I expect he'll step out very soon, and the beginning of the end will ensue.
Open market buys to the tune of > $200k worth. Insiders have many reasons to sell shares, but only one to buy them
Long Solazyme.
Nice evolution, except that there is a big gap for the last 20+ months. They could fill it with information about how they realized that they need HTF for the process to work effectively (being now more or an oil-to-oil process), but despite this it's still never been run profitably. Or how the Crayola feedstock partnership they brag about has since been cancelled, or how none of the machines has produced oil for like a year.
Pretty misleading evolution, if you ask me.
Wow. So much for Rick's promises of "shareholder transparency".
Resign already, Rick. Put us out of our misery.
That's great to hear, finally shipping in volume (albeit modest for now)! My guess is that the royalties they get from the JV will bring the company $10/m2, so that's still very modest revenue projection for 2015, but it's a good start.
The company's licensing model will allow them to run on very low overhead. Half a million $ in revenue for this year, and the company valuation is $4MM today. Terrific upside for this stock if the company can show continued growth in their pipeline.
This is the BLDP board. Mantra board is here: http://investorshub.advfn.com/Mantra-Venture-Group-Ltd-MVTG-12434/
Anyone interested in Mantra will read that board... please refrain from hyping other stocks here.
I thought a big selling point of Mantra's MRFC was that they were cheap to build and didn't require any rare or expensive material?
No no, it was only 2 people needed if they were both John Bordynuik, remember? By the company's own admission, he was needed to keep P2O operations running efficiently. Just over a year ago during the shareholder conf call they said they were training new folks for that, but that John was really needed.
Then they abandoned that business model altogether, essentially throwing all that money they spent training people, out the window.
The report was co-authored by a senior management team member from Agilyx, so it's hard to take too seriously.
The claim in the PR that P2O's processors are "revolutionary" is a joke. 5 years later and they still haven't sold one, nor run the machine profitably.
Smell's like a Bordynuik PR (i.e. no substance). God knows we've seen enough of them to recognize them LOL.
Lucky you, maybe... you're getting GEVO shares at almost a 99% discount to the funds that bought into their IPO (not counting dilution). That could be real GIFT (pun intended).
I've had (more than) my share of epic losses, but despite watching Gevo for years, I hadn't yet taken any long-term position until now. Like you, I'm already up comfortably, but this stock is very volatile. At least with the liquidity, one can set a stop loss.
I will certainly be increasing my position if the company shows concrete progress (revenue) in the coming months.
New highs? The past 20 days notwithstanding, Gevo is trading at an all-time low.
I took a position yesterday after following this company since IPO at $15. Huge upside potential here, but still a real risk of failure too. The Total investment was part of what convinced me to jump in here, though I am kicking myself I didn't do it when it sunk beneath $0.15.
pls can you keep the Mantra posts to the Mantra board?
Huge news for IPWR: Rexel and Gexpro to Begin Distribution of Ideal Power's Power Converters
(emphasis added by me)
http://www.marketwatch.com/story/rexel-and-gexpro-to-begin-distribution-of-ideal-powers-power-converters-2015-02-10
AUSTIN, TX, Feb 10, 2015 (Marketwired via COMTEX) -- Ideal Power Inc. IPWR, +3.02% a developer of a disruptive power conversion technology, and Rexel Holdings USA Corp., through its subsidiaries General Supply & Services, Inc. d/b/a Gexpro, and Rexel, Inc. (Rexel) a leader in the distribution of electrical supplies and services are pleased to announce that Rexel and Gexpro will begin carrying Ideal Power's award-winning power converter family of products in its portfolio effectively immediately.
Rexel is one of the largest energy distributors in the world, with over 2,300 branches spread across 38 countries. "Rexel is the ideal distribution partner giving us broad reach in the electrical supply market. This agreement represents an important step toward expanding and diversifying our customer base," said Dan Brdar, CEO of Ideal Power.
Under the terms of the agreement, Ideal Power will supply its 30kW and 125kW power converter products to Gexpro and Rexel for resale to their networks of electrical installers and distributors. "After an exhaustive search of power converter options that would support energy storage capabilities, we selected Ideal Power's solutions based on its robust performance, industry-leading efficiency and its demonstrated reliability. At Rexel Holdings, we strive to deliver the latest most innovative solutions to the energy markets and Ideal Power's converters were a natural fit to our product line," said Mike Seavey, Gexpro National Solar Manager.
About Ideal Power's Converter Family Ideal Power's award winning hybrid and battery converter products leverage the Company's patented Power Packet Switching Architecture (PPSA), which eliminates the need for an isolation transformer, thus improving efficiency, weight, size and cost. Ideal Power's 30kW converter and 125kW converter family includes a 3-port hybrid converter and 2-port battery converter and are a fraction of the weight of conventional inverters. Its converter products are expected to lower costs and improve efficiency for integrating photovoltaic (PV) and energy storage solutions, and can provide off grid and grid resilient (grid-tied battery backup) capabilities. Its converters also have bi-directional power conversion capabilities.
Ideal Power products are available to purchase on Rexel and Gexpro's site at www.gexpro.com and www.rexelusa.com .
About Rexel Group Rexel, a global leader in the professional distribution of products and services for the energy world, addresses three main markets -- industrial, commercial and residential. The Group supports customers around the globe, wherever they are, to create value and run their businesses better. With a network of some 2,300 branches in 38 countries, and c. 30,000 employees, Rexel recorded sales of EUR 13 billion in 2013. Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, and STOXX600. Rexel is also part of several SRI indices including the DJSI Europe and the FTSE4Good Europe & Global. For more information, visit Rexel's web site at www.rexel.com .
Eos Names Ideal Power as Aegis Partner and Orders More Than 1 MW of Ideal Power Converters
http://ir.idealpower.com/press-releases/detail/464/eos-names-ideal-power-as-aegis-partner-and-orders-more-than-1-mw-of-ideal-power-converters
AUSTIN, TX -- (Marketwired) -- 02/09/15 -- Eos Energy Storage, a developer of cost-effective energy storage solutions, and Ideal Power (NASDAQ: IPWR), a developer of a disruptive power conversion technology, announced that Ideal Power has been named an Eos Aegis Partner. Eos has also ordered over one megawatt (1 MW) of Ideal Power's power converters for upcoming projects, following successful demonstration of the company's power converter with an Eos battery system in a NYSERDA-funded project hosted by Con Edison of New York last year.
"Early on, Eos established itself as a frontrunner in finding ways to answer the energy needs of commercial customers in space-constrained markets like New York City. With this pilot, our complementary technologies, which enable AC-integrated energy storage, have proven to demonstrate lower peak power usage -- a growing concern for building owners and operators," said Dan Brdar, CEO of Ideal Power. "We are thrilled to have been selected by Eos as a supplier of power conversion technology for their Aurora megawatt-scale energy storage systems."
Ideal Power converters offer high efficiency in a compact, modular and easy-to-install solution that can improve the economics for energy storage applications. Utilizing the company's patented Power Packet Switching Architecture™ (PPSA), Ideal Power converters are the only power converters on the market that provide isolation without the use of a bulky and expensive transformer. Among the many benefits of PPSA is the unique capability to reduce the size, cost and efficiency loss associated with conventional transformer-based systems.
"Eos conducted thorough due diligence before selecting Ideal Power's converter solution. It was clear to us that their product offers numerous benefits including size, input flexibility, and cost," said Michael Oster, CEO of Eos Energy Storage.
Eos recently announced the commercial availability of its MW-scale Aurora energy storage system for deliveries starting in 2016 at a price of $160 per kWh in volume, which makes it competitive with gas peaking generation and utility distribution infrastructure. The Eos Aurora product employs Eos' patented Znyth™ battery technology that uses a safe aqueous electrolyte and a novel zinc-hybrid cathode to enable extremely low-cost electricity storage and long life. Eos' grid-scale product is designed to reliably integrate renewable energy, improve grid efficiency and resiliency, and reduce costs for utilities and consumers.
Eos is working with Ideal Power and various controls and integration partners to sell, install, and maintain AC-integrated battery systems through its Aegis Program. The program is structured such that Eos supplies the containerized DC battery and battery management system while Aegis Partners provide the power control systems and integration layer. Eos plans to announce further details of the Aegis program and the positive market response from its earlier commercial launch in the coming weeks.
News: Indian tower HOA imminent, PPA signed, and funding secured. Wow, could India beat Texas and Arizona to the punch and put one of these things up, finally??
http://www.asx.com.au/asxpdf/20150205/pdf/42wfb85332dv68.pdf
http://ca.linkedin.com/pub/randy-macewen/6/848/71
He ran a company that was sold to Hydrogenics (HYGS) a while back. Young, and quite different from Sheridan. Not entirely sure if the PPS suffering lately is any result of his taking over. I don't imagine so. But he has stepped into some big shoes given the turn-around Sheridan oversaw in the past years.
new Ballard CEO also has a strong M&A background, for what its worth...
Long term, if the MRFC's are all they're touted to be, I would hope Ballard and Mantra do something together. But Mantra's FC's are nowhere even close to as mature and tested as Ballard's H-based ones. Ballard has years of field trials and millions of hours of production use of their cells, and Mantra's are still in the first generation testing.
No way Plug signs a deal with Mantra anytime soon. They've never been mass produced or tested in the real world (OK, maybe ONE is being tested now).
Still like the idea, but waiting for more traction before taking a position here. Unless it dips below $0.15, at which point I might go for it. Just my opinion.
I had bio-contaminated plastics in mind, actually, not just a hospital's recycle bin. Contaminated (or single-use) plastics in the medical field are often incinerated, and disposal costs money.
A chance, yes. But a FAR cry from the 2500 sites + fleet of ocean tankers that John was talking about all those years ago
They certainly can't base it on the 3-day audit, as that omitted all downtime needed for clean-out.
If this pilot is to be successful, I'm guessing they'll have to process relatively homogeneous plastics without much contamination (non-plastic, dirt, etc.). And they'd have to be able to secure a large and steady supply of it (and likely be paid to take it).
IMO there's only one way to do that: medical waste. For me, that's the only way this pilot program is a success and actually leads to processor sales.
For shareholders, however, the only hope would be that there's enough medical waste to result is the selling of dozens more machines, and that royalties (% of gross sales) end up being sufficient to provide JBI with a constant stream of revenue. For that, we'll need oil to be back at $90 or higher, which I guess will happen in due time anyway.
Forgive me , but the AAC report on the market for pyrolysis was co-authored by a member of the senior management from Agylix, a Plastic2Oil competitor. Hardly impartial.
I hardly think a company selling non-viable pyrolysis machines will get bought by anyone for half a billion dollars. Especially with oil languishing under $50 a barrel.
And if you think shorts covering will cause PTOI to surge to $40/share .. well.. I think you're nuts, but I'm certainly hoping you're right. That will be the only chance I have of ever seeing any profit from my investing in this catastrophe.
Why do you think the 4 PRs in 2014 are any better than the 15 than came on out on Valentine's day 2010?
Hey, I did DD on all of the following companies, and THEY seemed legit. Why does the new "national co" lend any more credence to P2O than this list?
Isle Chem
Coco Paving
US Steel
RockTenn
Crayola
SAIC (surely more credible than a "national engineering co")
ASME
NYS DEC
XTR Energy
Indigo Energy
Oxy Vinyl
If you want to know how much the latest news matters to shareholders, have a read through the JBI past:
http://www.plastic2oil.com/site/news-releases
Frankly, it's unbelievable.
I agree, nice points. I'm hoping mostly for news of new partnerships/resellers with a few big players. Solar PV installations have been on fire lately, and their products have a clear logistical, operational, and cost advantage over the standard offering. The need to beef-up their marketing and sales.
Volume is really low on this company -- it appears they're still largely unknown (to investors). I expect a noticeable up-tick in the coming months as long as their commercial momentum continues to build. Shares have been drifting down for too long.
Just more hot air. JBI Inc had plenty of financially-backed and feedstock-rich JVs waiting in the wing for processors years ago -- why is the first sale to a completely new entity?
(Answer: because the other JVs got wise to the fraudulent claims that P2O was viable and that they could produce oil at $10/bbl with mixed dirty plastic waste).
retracted
BK is most certainly still on the table, as there is clearly no "disruptive" technology here at all. The company has proven than with 5 years of complete and utter failure to show operating P2O machines to be economically viable.
If somebody has reason to want to run pyrolysis at a loss (which is not impossible), or can off-set operational losses with external subsidies, then maybe.. just maybe.. they will sell a few machines.
Uplisting for this company is delusional, IMO. As is a buyout at 40-75x what the market values the company at today, as you expect.
If MM's shorted this company in the past, it was not because they wanted to control things.. it's because they had the sense to know Bordynuik was misleading the market and the company would fail eventually.
All just my opinion.
Nice to read that, thanks for the link!
This tiny company has a unique patented technology, a JV with a very respectable partner (Glass LLC) that gives them royalties on every m2 sold, super low overhead (they don't even manufacture their own panels), and are playing in the solar PV+ST space, which is booming now.
Today (at a PPS of $0.035) the company is valued about $5 million.
Huge, huge upside, IMO. All they need to do is demonstrate traction with their JVs and licence their tech to a few solar giants, and the share price is an easy 10x from here.
Company updated their Facebook page with some photos of what looks like commercial projects nearly completed. Hope the 10Q isn't much longer and that we get details of the progress. Share price near all-time lows, so I picked up some more last week.
Sure great update.. .still showing these:
Did anyone ever reply as to why that woman's results were able to be made public? Is it because she opted out of the study, and all other participants' results are held until the very end?
I tend to agree that they would not have offered that information if they knew it to be an isolated case. This MUST be indicative of the other patients, or it would be extremely misleading to shareholders -- something I don't believe CTIX management would do.
So very encouraging IMO.
uh, JB didn't exactly set the bar very high. Millions in operating losses, 3 failed acquisitions, at least a dozen JVs that never materialized, plastic sources that stopped supplying, recycling center and fuel blending site purchases that never amounted to anything.
Seems like just about anybody could do JB's job.
It's a good point. Somebody said it in an earlier post -- P2O is only profitable with platics that are worth more sold as plastic than as pyrolysis oil (i.e. clean, not too mixed plastics).
So if there WERE a scenario where P2O operations would be successful, it could be indeed with medical waste, as it's far more uniform, cleaner (except for the bio-waste or other toxic agents), and not recylable.
But if that were true, why did they not succeed with this approach back when Jacob Smith (and his medical waste connections) was a Director of the company?
The terms "colluding entities" and "orchestration" would seem to apply more to the company's founder than to MM's. But we all believe what we want to believe.
Yep, and all the interested JV's from years ago would STILL love to buy one, as there would be a clear business case for operating them.
But there isn't. At least not along the lines of what shareholders were led to believe.
Only if they process virgin plastic without dirt, could they hope to run a profitable operation (something even JBI failed to do).
Not me. I got fooled. I admit it.
John has my money.. he bought a Hummer with some of it. I guess some people reading here have my money too. You know.. those shares I bought at $3, $4, and $5+?
Anyone who thinks the failure of the company is related to anything other than its founder, are simply in denial.