says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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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?
what is inhibiting JBI from processing unwashed, commingled plastic at a rate of at least 1,500 lbs. per hour with an average uptime of even 70% per quarter?
Pretty sure the message board consensus was Ninja Saboteurs.
Nothing from Rick 'Tight Lips' Heddle, though, so take it with a flake of LDPE.
how about a 10k today
I'm thinking something a little less strenuous, like an 8K. Who's with me?
You don't need documentation, you only need Chemistry 101.
The bullshit claim here is that JBI is a green company. They are not.
Everything they do puts more greenhouse gasses into the atmosphere.
Carbon Tax em, I say!
There is nothing 'green' about JBI's technology.
For every ton of plastic they keep out of the landfill, they put more than a ton of greenhouse gasses into the atmosphere.
JBI is the opposite of 'green', and should be taxed on their carbon emissions.
Wait until some smart kid figures out what's really happening to those markers they toss into the FedEx box and it makes the nightly news.
"Boffin outs Faux Green Scam company"
News at 11.
Let's compare JBII to USSE/SSTP why don't we.....
both companies started out as shells, promised oil/fuel creation from trash.....both hyped a magic catalyst.....both eventually mixed in real oil with the trash.....I see JBII ending up JUST like USSE/SSTP did.
It's coming...inevitable.....SPLAT
JBI ISN'T a shoe company.
It also isn't a WHOLESALE-ELECTRICAL APPLIANCES, TV & RADIO SET company, and yet, that's their SIC on EDGAR.
Go Figure. I wonder whose job it was to keep that updated, and when they were laid off...
Haven't filed quarterlies since 3Q2008
It will be revoked out of nowhere one of these days.
we're relying on the best pyrolysis processor ever created.
According to JB, and those he's paid to promote his business.
Given all the lies he's told, why would you believe him?
John Bordynuik I certainly want to clear the air about one question. We did not and DO NOT hire stock promoters. Our stock now has the interest and investment from institutional funds, not retail. That is where this activity is coming from. No stock promoters, just good old fashioned Funds. They couldn't get in before and now we control our business model unlike most other public companies.
December 10, 2009 at 5:54p
53. Again on December 10, 2009 Bordynuik caused 300,000 shares to be transferred improperly from
the Childrens’ Trust’s account to the benefit of Bespoke Growth Partners. Bespoke Growth Partners was
not a beneficiary of the Childrens’ Trust.
---
Inveterate liar.
On June 21, 2010 the Company entered into an agreement with Mark Peikin to provide Investor Relations services in exchange for shares of the Company’s restricted stock.
On or about October 14, 2009 an additional share certificate
representing 1 million shares of John Bordynuik Inc. was deposited to the trust account at DS.
52. On or about October 23, 2009, Bordynuik caused some of the shares represented by that
certificate to be transferred to fourteen different transferees, none of whom were beneficiaries of the trust.
53. Again on December 10, 2009 Bordynuik caused 300,000 shares to be transferred improperly from
the Childrens’ Trust’s account to the benefit of Bespoke Growth Partners. Bespoke Growth Partners was
not a beneficiary of the Childrens’ Trust.
---
Sleazy. 300,000 free trading shares, just as the Pump began in earnest. There ought to be a law.
Oh, wait, there is. Tic Toc.
Based on that mythical bullshit, how much P2O revenue did they book in 4Q2013?
I'm on the record with $115,000 or so.
Your prediction?
To tie things together, Mark Peikin of Bespoke Growth Partners
is the Director of the Board of the Brewer Group.
Yeah, that Bespoke, currently IR for JBI, and the group that was secretly funneled 300,000 free-trading shares via JB's kids' trust back in December 2009.
Not to mention, recent PIPE investors just got their minimum holding period doubled to one year, as long as JBI decides not to file.
Unless JB wants to funnel some more shares through his kids' trust again, so as to issue free trading stock.
What about that Indian fellow that claims he was quoted a price of less than $1 million for a machine?
Should we just ignore that data point, and focus on what Zecca said off the cuff in a meeting?
Where has the company ever announced a machine costs $8 million?
I don't think they have.
More Heddle Murkiness.
JBI is Shrinking. Look at this:
Fuel produced in 3Q2013 .. 170,725 gallons
Fuel produced in 4Q2013 .. less than 48,000 gallons *
* 3 and a half months after the end of 4Q2013, we still don't have an update on 4Q2013 production (or even a 10K filed yet).
That's Heddle Transparency for ya!
Heddle is a guy who built Heddle Marine over decades. He didn't do that by lying to people.
----
Richard Heddle, Chief Executive Officer
Thanks, John.
So, as you can see, there’s a lot that we’re excited about here for the future of JBI.
As you’ve heard, the company is consistently producing fuel at a rate that it never has before and we feel we have more substantial interest in our company from the market than we’ve ever had.
As a closing note, in striving to immediately align ourselves with our shareholders, executive salaries will be reduced significantly. There will be absolutely zero consideration of executive bonuses and extras until the company is standing steadily on its own two feet.
Furthermore, in an effort to align ourselves towards more transparency for our shareholders, we’ll be offering a mid-quarter snapshot into company operations on a consistent basis from here moving forward. We anticipate starting this midway through the fourth quarter, as we’re nearly halfway through quarter three already.
Again, we feel we’re in a substantial position to reduce our spending significantly before the end of the year.
It’s clear to me that the company, at this point, should be swimming with the current to get ourselves towards cash flow positive, not against it. Reducing excessive spending, curbing large executive salaries and being fully transparent with the market are how you make things easier for yourselves. That starts today.
It’s extremely important that our shareholders and potential investors know that the hard parts of a startup, we feel, are almost behind us. We’ve settled some major legal issues, we’ve had the technology validated by several scientific engineering firms and we’ve established customers like U.S. Steel and feedstock partnerships with reputable companies like Crayola. Most importantly, we have a dedicated team of people, all of whom sacrifice countless hours day after day, week after week to strive for the same thing that our shareholders want: building value behind our company with its one of a kind technology.
I look forward to updating everyone in the future, thank you for your time on this call today.
although that will change for JBII in exactly one year
Another minor quibble. Should they fail to file the 10K before the end of April, it looks like to me that they'll have to pay those fees and apply before they get back on the OTCQB.
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.
the NT-10K was filed correctly for this very reason.
I'll quibble with you a bit over this.
They checked the box, saying they intended to file within the 15 day grace period.
If they knew that would not be possible, they should NOT have checked that box.
Now what?
Pink Tier Stop Sign.
Started out on the OTCBB. Got booted to the OTCQX. Got booted to the OTCQB. Got booted OTC Pink Limited Information (Yield sign).
Now booted to OTC Pink No Information (Stop sign).
The good news I guess is there isn't too much farther to fall from here.
where the hell is the 10k
The SEC has it; they're busy 'tweaking' it. They have to finish up with that sponge company first, though.
#nonotreally
Hey, Z!
I calculate Q4 revenue to be in the neighborhood of $115,000. Can you run that figure through your percentage calculator and tell me how much UP will JBII revenues be then?
JBI's listing progression thus far
Started out on:
OTCBB, got booted to:
OTCQX, got booted to:
OTCQB, ?temporarily? removed to:
OTCPink
Gotta love the Heddle Promised Transparency, eh?
The "flagship" has not been around for 4 years.
Yes it has. Each new processor, starting with the first, has been heralded as the 'flagship', able to make oil/fuel for less than $10/bbl, which could be sold for WTI-3 bucks per bbl.
It's only after several quarters of silence and anemic fuel production that we learn about the shortcomings of the then current 'flagship'.
I wonder what's wrong with the new 'flagship'? Needs a drier/densificator added to it? Let's see what they end up filing.
Ummmm......Q3 2013 results?
So, you're saying the 'extended' runs of Processor #3 occurred prior to Sept. 30th, 2013?
Why no 'extended' runs in the fourth quarter then?
after having completed extended runs on processor number 3.
On these 'extended' runs, were they pyrolysing any plastic at all? Where's all the fuel output from these 'extended' runs?
In the 2012 NYSDEC report, Fuel Oil #6 production has a '1' out of place on the document.
Should be 121,847 gallons, not 21,847 gallons. The numbers should add to 317,224.
Your numbers for 2012 don't add up.
Company claims over 317K gallons were produced in 2012.
Anyone knowing about a site with buildings and land in a warm state let me know.
I hear RockTenn in Jacksonville has a site with buildings. Warm enough?
What, too soon?
Neato!
Hidden transactions that secretly transfer shares to people without public knowledge.
Also a Neato way to give free trading shares to non-disclosing stock promoters.
The decision to move away from selling lower margin items (fuel)
It wasn't a 'decision'. It was yet another failure by JB(I) to make good on a long standing claim; that is: fuel could be made for under $10 per bbl, and sold for $(WTI - 3) per bbl.
The list of failures is long. Essentially every claim/business line has come to naught so far.
could have made lots of fuel if that's what they wanted to do.
Yeah, why make money creating fuel when they can PIPE shares at .05 and .10, with cashless warrant kickers!
Genius!
Oh, we could have made eleventy billion barrels of diesel, but we decided it was better to tinkerfark as the last few dollars of cash we have left are frittered away.
12. While Bordynuik was raising funds on behalf of JBI, he established a trust for the benefit of his two minor children (the “Childrens’ Trust”), which was subject to a formal trust agreement.
13. Bordynuik caused shares of JBI or John Bordynuik Inc. to be irrevocably settled on his mother as trustee of the Childrens’ Trust. The Childrens’ Trust held those shares in a securities account at RBC Dominion Securities (“DS”).
14. Having irrevocably settled JBI shares in trust Bordynuik then directed his mother as trustee to transfer the shares out of the trust account at DS to a number of transferees whom he designated, contrary to the terms of the formal agreement governing the Childrens’ Trust.
15. Bordynuik adopted this practice, which violated the terms of the Childrens’ Trust, so as to put free trading and not restricted stock, in the hands of third parties.
---
This is how sleazy companies and CEOs pay their undisclosed stock promoters.
They have access to lots of places to do assembly and testing.
Could you list the places they have access to? TIA
Where will #4 and #5 (if they still exist) be assembled and tested?
Bottom Line: JBII Revenues in 4Q2013 in Toilet
Q4: $100~120K?
How many hundreds of percent down is that, Z?
JBII is Shrinking. Look at this:
Less than 48,000 gallons in 4Q2013.