says, "Companies that trade on the OTCBB will require Cash/Cheque. "
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The Company is diligently working on filing its Quarterly Report for the Second Quarter and anticipates filing it shortly.
That really is Good News!
Someone should ask them about the First Quarter's report, now overdue by a month and a half.
The Certificate of Designation defining the shares has an Automatic Conversion date of 6/30/14
With the forced conversion of the Series B shares tomorrow, there goes $7.7M in liquidation preference.
Now, where did Heddle stand in line for the assets of the company? Before the Series B holders, after the Series B holders, or pari passu?
Things that go Poof™
$10M in media credits
$58M in additional paid in capital
CEO Bordynuik
CEO Rauber
CEO Bogolin
CFO Baldwin
CFO Bordynuik
CFO Ingham
CFO Terranova
BOD Member Wesson
BOD Member Bagai
BOD Member Smith
BOD Member Fairbairn
BOD Member Bradshaw
BOD Member Goldberg
Pak-IT
JAVACO
Patent Application
RockTenn
Madison County
Crayola ColorCycle
Processor #1
Re-built Processor #1
Processor #3
OTCBB listing
OTCQX listing
OTCQB listing
I'm sure I've missed some things; feel free to add to the list.
T-minus 1 week
http://www.dec.ny.gov/cfmx/extapps/envapps/index.cfm?view=detail&applid=838196
I wonder if they've started the site shut down/clean up process yet.
JBI's machine won't be legal anywhere in the US in 13 days
Unless NYS DEC acts before then. My guess is they're waiting on JBI for more information/data, and JBI doesn't have the cash to provide that.
So, in 13 days, JBI's only permits to operate anywhere expire.
RIP.
the Company entered into a consulting agreement with the investors and a fourth arm’s length party under which the Company would issue 1,500,000 shares upon commencement of the contract, and 1,000,000 shares on each of May 15, 2014, August 15, 2014 and January 15, 2015, respectively, for a total of 4,000,000 shares.
Only in JBI-land do 1,500,000 + 1,000,000 + 1,000,000 + 1,000,000 total up to 4,000,000.
Clowns.
3 weeks until JBI's only permits to operate anywhere expire.
Let's Ratchet up that Angst!
I'm guessing, somehow, not being permitted to operate will be seen as a positive.
And yet none are operational in the USA making money.
Ironic that JBI has an accumulated deficit of over $60,000,000 and hasn't been operational in Niagara Falls for the last 6 months.
And its Air Permit and Solid Waste Permit are scheduled to expire in about 3 weeks.
Ironic.
There is no infringement.
CAPC's patent is a Design Patent. "A design patent protects only the ornamental appearance of an article, and not its structure or utilitarian features."
http://www.bitlaw.com/patent/design.html
Anyone else find it ironic the $170,000 JBI had to pay to indemnify Mr. Bordynuik for his OSC settlement could have been used to repair the processor, so it wouldn't have had to be shut down for the last half year?
Anyone? Anyone? Bordynuik?
How much P2O revenue did they book in 4Q2013? I'm on record with a guess of $115,000.
4Q2013 P2O revenue = $125,656
pretty close.
2013 cash burn (operating and investing cash) $10,834,523, or $902,877 per month.
Way to keep it under a million!
100M shares at a dime will raise a cool $10 million
About what they blow through in a year. Here's to another Year of Neato Fun!
Unless they go off at a nickel, like the deal His Excellency got.
Is Today the Day that JBII runs like an Old School Steam Locomotive?
Today is the Day that JBII is Late *two* EDGAR Form 10 filings.
Gort sees alot of 8s and 10s this week starting today
Are those Hard 8s and 10s? I was thinking this week might be more like, '7 come 11'.
In any event, the gambling metaphor is apt here.
Regards
I don't have any shares, and there's nothing on LinkedIn
This is just one more in a string of front loaded pump and dumps on poor old FRGY.
One of these days, the SEC is gonna notice the activity and revoke this empty shell. The Nevada corp was revoked a long time ago.
~25% of the O/S traded in one day. That's got to get their attention, don't you think?
You could start by posting the LinkedIn links that you mentioned.
Post a link to the LinkedIn.
And don't point out Dan Eberhart.
He has nothing to do with FRGY.
Salve,
They did say they weren't completely sure they'd make the show with their new super secret patented product.
Apparently, they didn't. Maybe they should have not raised expectations as much, but they did hedge.
I do not think this show will provide the 'rocket fuel' for the stock price.
Maybe they'll say more at the next quarterly, due within a week or so.
DARK IS GOOD
If you buy that premise, Dark Grey is DARKER than Dark Pink.
So let it be Written. So let it be Done.
10 days until the next 10Q is due
Doubt they'll make it, but let's see...
56 days until their NYS DEC permits run out. Renewal permits now ~4 months past final decision date.
Someone noted they let their Nevada corp. lapse, but that's just a matter of paying some late fees to get back in.
uplisting x2!!!!
That would be a refreshing change for JBII.PK (limited information).
For those keeping score, they started off on the OTCBB. They got kicked off and wound up on the OTCQX. They got kicked off of that and landed on the OTCQB. Recently, they were kicked off the OTCQB to get where they are today: OTC Pink (Limited Information).
There was a time they were branded Caveat Emptor, but they got over that one.
The only thing left for JBII to 'achieve' is Grey Sheets. A suspension sends them there.
I think they call that 'hitting for the cycle' for crappy pump and dump penny stocks.
Unexplained silence
When a public company *completely* clams up, it's usually at the behest of legal counsel.
Just sayin'.
Yes, coincidence
Totally separate companies. FRGY is a revoked NV corp. Empty shell. Devoid of assets. Frequent front-load pump and dump target. Eventual SEC revokee.
Penny stock flipper beware.
Frontier Energy Group, LLC has nothing to do with Frontier Energy (FRGY)
Totally separate companies. Dan K. Eberhart is not the CEO of FRGY.
Last quarter was around $600,000 per month
We have no idea what the cash burn was for the last quarter, or the quarter before that.
Maybe you meant 3Q2013. That was two full quarters ago.
I imagine the cash burn of 4Q2013 and 1Q2014 was even less, because, you know, they're pretty much out of cash.
Out of cash, out of time...Out of Business?
If the NYS DEC doesn't act, in 2 months, JBI's P2O processor won't be legal anywhere in the US.
Maybe they can ship it to China, where all sorts of stuff is legal, eh?
BuhBye, OTCQB, for now
Prospective OTCQB Companies
Companies that are not on OTCQB as of April 30, 2014 must submit an application, pay the required fees and follow the new procedures in order to become traded on OTCQB. Securities will no longer be automatically put on OTCQB when a new Form 211 is cleared by FINRA or an OTC Pink company becomes current in its reporting.
Prediction: This will be seen as 'good news', because Dark Pink is the new Black.
Doesn't JB supposedly supervise the P2O operation?
That was part of his last employment contract. He had staff and even had option award capability over the staff.
Management and Budget Employee is willing to continue to assume personal responsibility for the Company’s compliance with the Permits, provided that, in the performance of his General Duties set forth in paragraph 1.4 hereof, Employee is given control over the staff and operations at the Iroquois Facility that comprise fabrication personnel, engineers, a plant manager, and IT and R&D administrative personnel (“Iroquois Facility Technology Staff”) and the Company agrees to budget sufficient staff and capital funds devoted to the operations at the Iroquois Facility that are reasonably required by such facility, subject to reasonable availability of funding, including necessary and customary budgetary reserves. Accordingly, it is agreed between Company and Employee that Employee will continue to assume personal responsibility for the Company’s compliance with the Permits that have been issued at the Iroquois Facility, and that Employee shall have full management authority over the Iroquois Facility Technology Staff and technology operations at the Iroquois Facility, including research and development, product enhancement, maintenance procedures, permit support and add-on development (e.g., processing waste oils). For the avoidance of doubt, excluded from the Iroquois Facility Technology Staff are the Executive and Administrative Staff located at the Iroquois Facility, including Head Office, Finance and Accounting, Legal, Human Resources, and other employees that would generally be considered administrative or corporate functions. Subject to reasonable availability of funding, including necessary and customary budgetary reserves: (i) for the year 2012 the Iroquois Facility will have a staff budget of $350,000 per month; (ii) for the year 2013 the Iroquois Facility will have a staff budget of $450,000 per month. These amounts can be amended due to growth or otherwise of the Iroquois Facility. Subject to reasonable availability of funding, including necessary and customary reserves, at no time during the term of this Agreement will the monthly staff budget be less than that of 2013, except for 2012. This budget shall be examined annually, to ensure that this budget is not excessively burdensome to the Company. Additionally, Employee will be provided with the authority to allocate 2,000,000 options among Iroquois Facility Technology Staff (excluding the Employee) to purchase the Company’s common stock, as part of the employees’ compensation at the Iroquois Facility. The strike price and other terms of such options shall be determined by the Board and shall be consistent with customary practices. The Iroquois Facility will also retain for its budget 30% of the gross revenue from all Plastic2Oil processors operating at the Iroquois Facility which will be used in short order to build additional processors at the Iroquois Facility (subject to availability of permits, availability of land, etc.).
Fat lady got shittcanned.
The rotund woman has been hired as an at-will serenader. Wait for her aria. It's spectacular!
I'll bet she sings longgggg before JBI shows $500,000 in P2O fuel revenues in a quarterly.
Any takers?
Any thoughts on when JBII will show annualized fuel sales of $2 million or $500,000 in a single quarter?
Any thoughts on when JBII will show annualized fuel sales of $2 million or $500,000 in a single quarter?
There goes the neighborhood!
The plant, which will employ 18, should be at capacity — accepting 60 tons of waste plastic daily — in August of next year.
The plant will be Vadxx’s first. The plastic that will be melted there will be “post-industrial” waste — scrap plastic left over from manufacturing operations, not plastic that individuals throw in the trash.
---
About 4 hours away from NF. What's that giant plastic sucking sound?
Oh, yeah, that's Vadxx sucking up all the pristine 'free' plastic in the area.
reports of the shuffling bins outside the recycling center!!!!
Ahh, yes, the recycling center, where it was a no-brainer that shredding and bagging their own plastic was a profit center.
It's two guys in a metal shed shovelling free plastic into a hole! How could it not be a money maker??
And that 20 year lease they signed? That included having to pay property taxes for not only the recycling center, but the house out front also? Well, that's just a shrewd business move to lock in a 20 year supply of free plastic feedstock.
And signing a lease that disallows sub-lease in the event you tire of the 'free plastic' story? Genius!
Dark is good
They have a duty to file.
Dark can lead to suspension and grey sheets (there being a lack of current information blablabla) and certainly leads to eventual revocation unless they can qualify for and file a Form 15-12g.
Dark also means any restricted shareholders are stuckholders: they can't sell.
That means no more easy PIPE money coming in.
JBII has every reason in the book to file. Go to the Light, JBII!
OK, what was the ending inventory for 4Q, in your opinion?
'Q4 P2O revenue was much higher than $115,000'? How much higher?
I'll stick with $115,000.00, thanks.
Based on that mythical bullshit,
How much P2O revenue did they book in 4Q2013? I'm on record with a guess of $115,000.
Your guess/estimate?
I have no guess for 1Q2014, by the way. We don't even know if they're still in operation at all. I guess we can look forward to the NT-10Q in May, right?
Why do you think the DEC would allow it without another stack test?
The DEC is now 3+ months *past* their final decision date on the Air/Solid Waste permit renewals. Current permits expire at the end of June, about two months and ticking.
Why do you think that is?