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Currently, we understand that there are several plastic-to-oil processes operational globally. These facilities employ a wide range of technologies and yield varying purities of fuel output. We believe that our process has many advantages over other commercially available processes in that our P2O solution requires a comparatively small initial capital investment and yields high-quality, ultra-low sulphur fuel, with no need for further refinement. Additionally, our process uses comparatively little energy and physical space, which, in our view, makes it better suited for high-volume production and expansion to multiple sites.
In the year ended December 31, 2012, we had total sales of approximately $986,000, of which approximately $916,000 were derived from our P2O business and approximately $70,000 were derived from our Data Business. In the year ended December 31, 2011, we had total sales of approximately $288,000 from our P2O business. We had no sales derived from our Data Business during this period.
Will the K be out before Friday? Will shorts cover tomorrow? I expect big things announced in the K including the best revenues ever and big cost reductions - there should be a major PPS increase coming.
I'll bet the reverse - the K will be loaded with new information
What are the grounds for thinking that - is there any merit in what you said. Are there a lot of shares on the ask?
+ the BOD candidates will be revealed by May 12, 2013
You think the company may file the K on Monday? That would catch a lot of people by surprise.
They certainly are: they know that JBII is the next great success story. I wonder how many have bought shares.
The SEC is watching.
Perhaps you can dispel the myth by emailing the DEC and ask how many pyrolysis permits have ever been issued in N.Y. State and the names of the companies. You might even ask if they are aware of any other companies in the U.S. that have been issued permits?
When you receive the results perhaps you could post them here, that way you can support your myth with actual facts.
Apparently there have been several attempts to obtain a permit in the past. That's why when JBI applied for one the DEC was very skeptical.
There is only one company that I'm aware of that has a permit in N.Y. State - JBII. Any others you're aware of???
Isn't JBII the only company in the world to have successfully conducted stack tests and received permits to use Pyrolysis in N.Y. State (which, I understand, has one of the highest standards in North America).
That was true before JBII came along - that's why this technology is so valuable/important.
It is impossible to run a P2O machine at a commercially viable level since the cost of the plastic OR the cost to process FREE plastic is higher than the value of the oil that can be made from it.
The commentator at the 1:24 minute mark says they can make 60 barrels of oil with 10 tons of plastic every day - not very much plastic being processed or very much oil being made.
Wonder why the audio of the employees has been removed.
does the chart suggest another good day?
That's one of the reasons why RKT is a partner - they have millions and millions of lbs. just sitting there waiting to be used by their partner. Cool eh?
The value of the plastic on the recycle market is greater than the value of the oil that can me made from it.
(By the way that statement is incorrect)
looks like someone is buying big. Shapin up to be a good green day.
It's a start up company with limited staff - for now. Once they are CFP/Profitable they will be able to afford a larger pay roll with more staff. If this tech was in the hands of a Fortune 500 company theses issues may not be as prevalent - but then we would not have had the opportunity to be shareholders at such low prices.
4 weeks the numbers will be announced and audited.
Act like what - you just received an update from the company, which is what people have been asking for, and when it's received you talk about trust. I think you can talk about the issues that continue to plaque a young start up company and even the parts manufacturer for the delays but trust?
Nice to have 20/20 hindsight isn't it so we can all say I told you so or I could have done better or...
If shareholders don't believe in the technology then sell.
bargain time again
Don't the numbers have to be audited before being released - the numbers will be out soon enough.
and perhaps those fluids can be made back into usable fuel - one possibility is used motor oil but I expect there are many others.
why would anyone think that they were going to get a few hard numbers issued. Full details will be released within a month.
This stack test was performed to procure permits that would allow JBI the option of processing heat transfer fluid in conjunction with its plastic feedstock to optimize the yield per hour of the processors. This test was successful, producing data that confirmed extremely low emission levels at high feed rates.
So what you're saying is you want JB to leave when the technology is evolving monthly to be more efficient. Have you forgotten they've taken a table top model to production in less than 4 year. This is a start up company working with a new technology.
My main issue is I have no trust in JB
I believe that JBI will be at or near CFP in Q1 and with the assembly of 4,5 and 6 within the next couple of quarters there is reason to expect profitability shortly. Not only that the new design will result in less down time, due to continuous clean out, and perhaps even increased production (i.e. 5 to 6 thousand pounds per hour).
It is reasonable to assume that they are also trying to add more types of feedstock and with the new kiln in the system they may just be able to do that.
I think we can expect a great year.
K to be released soon - I expect the numbers will show a significant increase - as will the share price.
and #4, 5 and 6 for that matter - I know those parts they ordered aren't just sitting around.
The market is demanding cash flow positive. How is number three machine coming along?
Not to mention that all this was unnecessary as JBI was willing to settle the accounting error long before the Wells Notice and Suit - SEC was not ... and that's exactly what eventually happened.
A fine was paid for an accounting error from years ago. The company has moved on as have investors (including millionaire/billionaire pipe investors). The settlement was announced nearly 2 weeks ago.
not sure why his name was mentioned as there are others who do qualify
the link will not open - can you cut and paste?
all we know is sometime in Q1.
I remember one article that John was quoted saying that 7000 lb. + per hour was doable. If that is possible and with #3 having the capability of working continuously it will cut the number of processors in 1/2 and result in much lower capital costs and much higher profits.
wow 40,000 shares traded already