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We should see the 10Q by November 21st. November 14th is the filing date and the 5 day extension JBI uses puts the date at Monday, November 21. Probably will be NO news until then.
http://www.secfile.net/SEC_calendar.htm
Non-Accelerated Filers:
* 10-Q: for Quarterly Period Ended 09/30/11 due Monday, November 14, 2011
* 10-K: for Fiscal Year Ended 08/31/11 due Tuesday, November 29, 2011
* 10-Q: for Quarterly Period Ended 10/31/11 due Thursday, December 15, 2011
* 10-K: for Fiscal Year Ended 09/30/11 due Thursday, December 29, 2011
* 10-Q: for Quarterly Period Ended 11/30/11 due Tuesday, January 17, 2012
* 10-K: for Fiscal Year Ended 10/31/11 due Monday, January 30, 2012
The devil is in the details.....just saying lol.
Why don't you call or email the author to get it corrected?
It's word for word - see the Reuters link.
http://www.reuters.com/finance/stocks/JBII.PK/key-developments
Cloud of Fraud Allegations over JBI Stock
Monday, October 31st, 2011 | Filed under Technology | Posted by Andrea Anderson
JBI Inc. ( PINK: JBII) shares are falling in today’s trading. At last check, the penny stock was trading 3.31% lower at $1.46, with volume at 7,567.
JBI shares are up 9.77% in the last one month. Year-to-date, the penny stock is up 160.71%.
JBI is facing a securities fraud class action lawsuit. The lawsuit has been filed in the United States District Court for the District of Nevada. The company and some its former and current executives have been charged with violations of federal securities laws.
The charges relate to the acquisition of JavaCo. In 2009, JBI, which claims to be a domestic alternative oil and gas company, acquired JavaCo from Domark International Inc. The company also issued 1 million shares of its common stock to Domark in exchange for media credits, which were valued at $9.9 million. However, the company allegedly made false or misleading statements between August 28, 2009, and July 20, 2011.
One of the allegations made against the company is that it significantly overvalued the media credits acquired in connection with the acquisition of JavaCo. The company has also been alleged with improper accounting for acquisitions.
http://www.tech24.org/61251cloud-of-fraud-allegations-over-jbi-stock.html
If they don't have a DAD/PAL they aren't qualified. I never said they would be delisted - just another shade of pink.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68464237
What? Just more excuses.
Smurfit was a REFERRAL AGREEMENT. Nothing about ragger tail.
The modularity isn't new - that was last years excuse for the slow down.
Doesn't Agilyx use a pre-melt system?
Does the change in the gas handling system require an inspection from DEC? Permit change? Beano?
There has been NO news, PR's or filings for some time. This is the longest the company has been dark in years. Everything else is purely speculation on MB's.
No falser than Ernst & Young still listed as their auditor. Why make one correction and not the other? Hmm?
3.4 Plastic Feedstock
3.4.1.
RockTenn shall provide to JBI such Plastic Feedstock, including ragger tail, generated by the RockTenn Facilities as is available. Notwithstanding the foregoing, the Parties agree that RockTenn does not guarantee a minimum or maximum amount of Plastic Feedstock to JBI. RockTenn shall provide all Plastic Feedstock to JBI at no cost. Should RockTenn make such Plastic Feedstock available at a landfill or other unit located on a RockTenn Facility, JBI shall be responsible for obtaining all Governmental Authorizations for, and the costs of, removing the Plastic Feedstock from the landfill or other unit, transporting it to the License Area, processing it through the JBI Machines, and paying all other costs and taking all other actions required to convert such Plastic Feedstock into Fuel. The Parties agree to cooperate with each other to obtain the approval of Governmental Authorities and accomplish such other actions as may be necessary to beneficially re-use Plastic Feedstock from a RockTenn Facility landfill or other unit so that the same can be converted into Fuel in compliance with all applicable Laws. JBI may accept and process plastic feedstock provided by third party sources; provided that, JBI shall not accept any third party feedstock until all Plastic Feedstock provided by RockTenn has been processed. JBI shall be required to accept and process all Plastic Feedstock that RockTenn shall make available to it.
3.4.2.
RockTenn shall be responsible for transporting Plastic Feedstock sourced from locations other than the RockTenn Facility, and all costs related to transporting such Plastic Feedstock from such other locations to the RockTenn Facility.
3.4.3.
Any third party Feedstock located at the RockTenn Facility shall be stored in containers that are separate from the Plastic Feedstock provided by RockTenn. All Plastic Feedstock shall be stored by JBI in accordance with all RockTenn Facility requirements for such storage and applicable Laws.
3.4.4.
It is expressly understood by the Parties that the Plastic Feedstock being provided by RockTenn to JBI in an “AS IS, WHERE IS” condition, and ALL WARRANTIES (WHETHER WRITTEN OR ORAL, EXPRESS OR IMPLIED) ARE EXPRESSLY DISCLAIMED AND EXCLUDE, INCLUDING WITHOUT LIMITATION, ALL WARRANTIES OF OR RELATING TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, CONDITION, DESIGN OR USE, AND JBI AGREES TO ACCEPT THE PLASTIC FEEDSTOCK IN ITS “AS IS, WHERE IS” CONDITION WITH ALL OF ITS FAULTS.
3.4.5.
All rights, title and interest in the Plastic Feedstock shall transfer from RockTenn to JBI upon delivery of the Plastic Feedstock to JBI. JBI expressly assumes any and all liability of every kind
http://www.sec.gov/Archives/edgar/data/1381105/000121390011004040/f8k072911ex10i_jbi.htm
So JBI has to buy one of these things then they have to get the equipment to separate the different materials that the shredding & granulation system chops up. Do you know what is needed to do the separation?
Major equipment going to be needed to handle this!
Broken ragger tails, weighing up to 3 tons
A ragger 16 is also useful for removing prohibitives (e.g., baling wire, rags, plastic strips, string, and the like). The prohibitives entangle each other and may be withdrawn from the fiber separator 12 as an endless ragger rope by the capstan-like ragger 16 . An example of such equipment includes the Valmet ragger (available from Metso Paper/Fiber).
The rope may be periodically cut by the ragger rope cutter to facilitate its disposal. An example of such equipment includes the Valmet tail cutter (available from Metso Paper/Fiber), Broken ragger tails, weighing up to 3 tons, can be retrieved from the fiber separator 12 without emptying it. An example of equipment useful for such operations includes the Ragger tail grabber (available from Neilsen & Hiebert Systems).
Methods for producing recycled pulp from waste paper
United States Patent Application 20050115690
Kind Code: A1
Abstract:
The invention provides methods and apparatus for using waste paper to produce recycled pulp that can be used by the paper industry. The recycled pulp produced by the methods and apparatus of the invention can optionally be mixed with virgin pulp to produce paper or paper-products. The waste paper can be any grade, including low quality waste paper, such as mixed waste paper or old newsprint.
Inventors:
Bohlig, James W. (Cuttingsville, VT, US)
Application Number: 10/991854
Publication Date: 06/02/2005
Filing Date: 11/19/2004
Export Citation: Click for automatic bibliography generation
Assignee: Casella Waste Systems, Inc. (Rutland, VT, US)
Primary Class:162/4
Other Classes: 162/55, 162/56
International Classes:
D21C5/02; D21C5/02; (IPC1-7): D21C5/02
View Patent Images:Download PDF 20050115690
www.freepatentsonline.com/20050115690.pdf
http://www.freepatentsonline.com/y2005/0115690.html
They've had almost a year to complete 2 & 3. What? Another glove?
Can you please post the 2 year chart?
Don't forget about the arms length agreement for equity issuance's.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This Form 10-Q (“Report”) contains “forward looking information” within the meaning of applicable securities laws. Such statements include, but are not limited to, statements with respect to the Company’s beliefs, plans, strategies, objectives, goals and expectations, including expectations about the future financial or operating performance of the Company and its projects, capital expenditures, capital needs, government regulation of the industry, environmental risks, limitations of insurance coverage, and the timing and possible outcome of regulatory matters, including the granting of patents and permits. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “will”, “plan”, “believe”, “seek”, “estimate”, and variations of such words and similar expressions are intended to identify such forward looking information. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict.
These statements are based on and were developed using a number of factors and assumptions including, but not limited to: stability in the U.S. and other foreign economies; stability in the availability and pricing of raw materials, energy and supplies; stability in the competitive environment; the continued ability of the Company to access cost effective capital when needed; and no unexpected or unforeseen events occurring that would materially alter the Company’s current plans. All of these assumptions have been derived from information currently available to the Company including information obtained by the Company from third party sources. Although management believes that these assumptions are reasonable, these assumptions may prove to be incorrect in whole or in part. As a result of these and other factors, actual results may differ materially from those expressed, implied or forecasted in such forward looking information, which reflect the Company’s expectations only as of the date hereof.
Factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by the forward-looking information include risks associated with general business, economic, competitive, political and social uncertainties; risks associated with changes in project parameters as plans continue to be refined; risks associated with failure of plant, equipment or processes to operate as anticipated; risks associated with accidents or labour disputes; risks associated in delays in obtaining governmental approvals or financing, or in the completion of development or construction activities; risks associated with financial leverage and the availability of capital; risks associated with the price of commodities and the inability of the Company to control commodity prices; risks associated with the regulatory environment within which the Company operates; risks associated with litigation including the availability of insurance; and risks posed by competition. These and other factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by the forward looking information are discussed in more detail in the section entitled in this Report and in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.
Some of the forward-looking information may be considered to be financial outlooks for purposes of applicable securities legislation including, but not limited to, statements concerning capital expenditures. These financial outlooks are presented to allow the Company to benchmark the results of the Plastic2Oil business. These financial outlooks may not be appropriate for other purposes and readers should not assume they will be achieved.
The Company does not intend to, and the Company disclaims any obligation to, update any forward-looking information (including any financial outlooks), whether written or oral, or whether as a result of new information, future events or otherwise, except as required by law.
Unless otherwise noted, references in this registration statement to “JBI” the “Company,” “we,” “our” or “us” means JBI, Inc., a Nevada corporation.
So who is the current DAD? Required by the OTCQX.
JBI is not qualified.
Different shade of PINK by Monday?
All U.S. domiciled issuers traded on OTCQX are required to appoint and retain a DAD for ongoing guidance and advice on disclosure and other securities matters
http://www.otcqx.com/content/doc/qx/Rules/OTCQX.pdf
d) Retention and Advice of DAD. The Company must continue to retain an Attorney DAD or an Investment Bank DAD at all times and shall seek advice from its
Attorney DAD or Investment Bank DAD, as applicable, in relation to the Company’s obligations under these OTCQX Rules whenever appropriate and give such advice proper consideration.
No DAD. No OTCQX.
No DAD listing for JBI on the OTCQX. All of these other companies have a DAD listed. http://www.otcqx.com/qx/market/otcqxList
And as a licensed therapist the senator knows all about this technology? His comment is just that - a comment. Maybe he needs to do a little research or travel occasionally.
Maybe JBI is getting ready to go to the BX or TSX. I don't believe they have to have a DAD/PAL for those looser exchanges.
Investor Relations Overview
As a distinct alternative oil & gas company, we are dedicated to delivering competitive long-term shareholder return while contributing to the greening of our planet.
JBI, Inc. is committed to keeping you up-to-date with the latest information on our share price, operations and SEC filings.
http://www.plastic2oil.com/site/investor-relations
probably because JB is more interested in growing the company than than share price.
Why? Did they run out of money?
Yes, but worth noting that I am not aware of any credible evidence that the 2nd processor is still under construction as of the end of October.
Was JBI dropped by Anslow & Jaclin? Is that why they haven't signed the recent filings and are no longer listed on their OTCQX page?
What about boards that are currently "not available for adoption".
one of the best scenes ever in a movie
very funny
Anslow and Jaclin isn't listed on the DAD/PAL list. The new firm is listed but JBI isn't listed as being associated with them.
http://www.otcmarkets.com/service-provider/Sichenzia-Ross-Friedman-Ference-LLP?id=266&filterOn=4
Looks pretty simple. Hit the button that says "Update Company Information".
When you click the jbiglobal.com link on the otc, it goes to a website development company in welland ONTARIO. Is that what you are talking about?
OTC doesn't do the updates. JBI or their designate does the updates.
Point is - DAD was listed a couple of days ago and now it's shown as "not available".
Can they continue without a DAD/PAL? Do you know the implications?
Change on the OTC Markets site - DAD/PAL information is not available. http://www.otcmarkets.com/stock/JBII/company-info
Company Directors
John Bordynuik Chairman
Company Notes
Formerly=310 Holdings, Inc. until 10-2009
Service Providers
DAD/PAL
Not Available
Auditor/Accountant
Ernst & Young LLP (CANADA)
Ernst & Young Tower
222 Bay St.
Toronto, ONT, M5K 1J7
Canada
Legal Counsel
Not Available
Investor Relations Firm
Not Available
Vehicles?
Not on this kind of volume.
The events you mention are local events with limited attendance.
The Company has experienced negative cash flows from operations since inception, has an accumulated deficit of $25,550,130 at June 30, 2011. These factors raise substantial doubt about the Company’s ability to continue to operate in the normal course of business. The Company has funded its activities to date almost exclusively from equity financings.
The Company will continue to require substantial funds to continue development of its core business to achieve permitted commercial productions, and to commence sales and marketing efforts, if full regulatory approvals are obtained. Management’s plans in order to meet its operating cash flow requirements include financing activities such as private placements of its common stock, issuances of debt and convertible debt instruments.
While the Company believes that it will be successful in obtaining the necessary financing to fund its operations, meet regulatory requirements and achieve commercial production goals, there are no assurances that such additional funding will be achieved and that it will succeed in its future operations. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts of liabilities that might be necessary should the Company be unable to continue in existence.
The CEO of Shell disagrees with your statement.
5 Questions with Shell CEO Peter Voser 11 Oct 2011
"At Shell, we are making a contribution. Between now and 2014, we have plans to spend more than US$100 billion on major projects that will increase our production, especially of gas. Of this, we invest around US$1 billion a year on research and development into advanced technologies and developing alternative energy. Shell’s main focus in alternative energy is in biofuels where we see the biggest contribution to sustainable transport in the medium term. For example, we are investing in the production of Brazilian sugarcane ethanol through our proposed joint venture with Cosan."
http://royaldutchshellplc.com/2011/10/11/oil-price-volatility-will-remain-for-next-decade-peter-voser-says/
FROM SHELL OIL COMPANY:
It turns out shell oil has backed out of the alternative energy investments saying it is economically a poor investment.
"Shell will no longer invest in renewable technologies such as wind, solar and hydro power because they are not economic, the Anglo-Dutch oil company said today… The company said that many alternative technologies did not offer attractive investment opportunities. Linda Cook, Shell’s executive director of gas and power, said: "If there aren’t investment opportunities which compete with other projects we won’t put money into it. We are businessmen and women. If there were renewables [which made money] we would put money into it."
magniworkguide.com/is-the-notion-of-alternative-energy-being-economically-viable-wishing-thinking/
Of course Esty would say that. He's getting paid to say that.
"Esty has accepted over 1.2 million in fees for speaking engagements from companies, including United Illuminating."
http://wilton.patch.com/articles/malloy-defends-estys-acceptance-of-speaking-fees-by-electric-companies
FROM CONNECTICUT STATE COMMISSIONER OF ENVIRONMENTAL PROTECTION:
On the day his nomination was confirmed by the House, the new commissioner of environmental protection told a green jobs conference Wednesday that he does not see alternative energy as economically viable in the near future.
"I don't see an alternative source that meets the test of economic viability," Daniel C. Esty said.
www.ctmirror.org/story/11891/esty
Seeing the operation doesn't mean the operation was online and running. Based on the pictures, the people standing with JB didn't look thrilled - they looked bored.
Inventory doesn't count. So any 'stored' fuel cannot be counted. At least that was the take after the last Q. Since the plastic is free, inventory(stored product), has no value.
Keep in mind that your estimate would include fuel given out for samples and any additional fuel stored but not yet sold at the end of the quarter. So production capacity and sales capacity aren't the same thing when some of the production is given out as samples that isn't sales.