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JBI has NO inventory. Exxon has inventory. This is how they account for it:
Inventories. Crude oil, products and merchandise inventories are carried
at the lower of current market value or cost (generally determined
under the last-in, first-out method - LIFO). Inventory costs include
expenditures and other charges (including depreciation) directly and
indirectly incurred in bringing the inventory to its existing condition and
location. Selling expenses and general and administrative expenses are
reported as period costs and excluded from inventory cost. Inventories
of materials and supplies are valued at cost or less.
See page F-25
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODk0MzZ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
So apparently, oil & gas companies DO account for inventory.
Just sayin'
Link please.
I highly doubt it was poor research on the part of Tedx. When and where has JB been "featured" in Bloomberg Businessweek or on CNBC until this bio? Having been a speaker at many events, the bio is usually issued or at least proofed by me or my staff. This bio was deliberately issued to be misleading and now forever remains cached on the web.
John Bordynuik – Plastic2Oil
Using a patent-pending process developed in-house, Plastic2Oil turns unwashed, otherwise difficult-to-recycle waste plastic into separated, refined fuels. Headquartered on Grand Island, Plastic2Oil’s process and business have been featured in Bloomberg Businessweek, on CNBC, and other business coverage. Founder John Bordynuik comes from an extensive background of hardware and software innovation, including groundbreaking work in data recovery.
Web site: www.plastic2oil.com
There is a cost of sales listed for P2O. Still inventory is $0.00.
All information regarding the agreement has been put out by JBI. RockTenn has said NOTHING regarding this agreement. The ONLY time RockTenn has to get involved is if there is publicity concerning transactions. There have been NO transactions, thus RockTenn could give two figs about what JBI says.
10.1 Public Notices
The Parties shall jointly plan and co-ordinate any public notices, press releases, and any other publicity concerning the transactions contemplated by this Agreement and no Party shall act in this regard without the prior approval of the other, such approval not to be unreasonably withheld, unless such disclosure is required to meet timely disclosure obligations of any Party under applicable Laws or stock exchange rules in circumstances where prior consultation with the other Party is not practicable and a copy of such disclosure is provided to the other Party.
Forever in cache....
John Bordynuik – Plastic2Oil
Using a patent-pending process developed in-house, Plastic2Oil turns unwashed, otherwise difficult-to-recycle waste plastic into separated, refined fuels. Headquartered on Grand Island, Plastic2Oil’s process and business have been featured in Bloomberg Businessweek, on CNBC, and other business coverage. Founder John Bordynuik comes from an extensive background of hardware and software innovation, including groundbreaking work in data recovery.
Web site: www.plastic2oil.com
Someone was being deliberately misleading.
One lawsuit Filed: July 28, 2011 as 3:2011cv00545
http://dockets.justia.com/search?query=jbi&state=nevada
Company Name(s): JBI
Case Name: JBI Shareholder Class Action 07/29/2011
Case Status: Lawsuit Filed
Affected Securities PINK: JBII
Lawsuit Overview
Type of Lawsuit: Shareholder Class Action
Date Filed: 07/29/2011
Class Period Begin: 08/28/2009
Class Period End: 07/20/2011
Court of Filing:
U.S. District Court for the District of Nevada
Deadline To File for Lead: 09/26/2011
Summary:
San Diego, Jul 31, 2011 (Shareholders Foundation) -- An investor in shares of JBI, Inc. (PINK: JBII) filed a lawsuit in the U.S. District Court for the District of Nevada against JBI, Inc. over alleged Violations of Federal Securities Laws. The investor lawsuit follows a recent sharp stock price decline.
According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased the securities of JBI, Inc. (OTCQX:JBII), between August 28, 2009 and July 20, 2011, JBI and certain of its current and former executive officers violated between August 28, 2009 and July 20, 2011 the Securities Exchange Act of 1934 by knowing or recklessly disregarding that their public statements concerning JBI’s business, operations and prospects were materially false and misleading at the time they were made.
Specifically, on May 21, 2010, JBI Inc announced that its previously issued financial statements for the 2009 fiscal year and third quarter should no longer be relied upon due to the accounting treatment and related disclosures of two acquisitions completed in 2009, and the valuation of media credits acquired by JBI Inc. through the issuance of common stock.
JBI, Inc. reported an increase in its annual Total Revenue from $3.91million in 2009 to $12.42million in 2010. However its Net Income, respectively its Net Loss grew from a Net Loss of $1.84million in 09 to a Net Loss of $14.34million in 2010. Even though JBI, Inc. reported a lower first quarter Net Loss for the first quarter in 2011 of $2.76million compared to a first quarter Net Loss of $3.18million a year earlier, its first quarter Revenue decreased from $3.57million last year to $2.20million for the first quarter this year.
Shares of JBI, Inc. (Public, PINK:JBII) rose on June 15, 2011 to as high as $4.15 per share, but fell on July 15, 2011 to as low as $1.75 per share after JBI, Inc. disclosed that on July 14, 2011, the staff of the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement issued a “Wells Notice” to JBI, Inc., indicating that the staff intended to recommend that the SEC file a civil lawsuit alleging that JBI, Inc. violated certain provisions of the federal securities laws .
JBI, Inc. also disclosed that based on communications with the Enforcement staff, it believes that the proposed lawsuit relates to JBI, Inc’s subsequently restated financial statements for the third quarter of 2009, which were included in its Form 10-Q filed on November 16, 2009 and its financial statements for the year ended December 31, 2009, which were included in its 2009 Form 10-K filed on March 31, 2010.
JBI, Inc (OTCL JBII) stock closed last week’s trading at $1.76 per share.
Bloomberg Businessweek? NOT. It's not featured or even found on the site.
http://search.businessweek.com/Search?searchTerm=jbi&resultsPerPage=20
Who makes up this stuff? Another outright LIE.
Headquartered on Grand Island, Plastic2Oil’s process and business have been featured in Bloomberg Businessweek, on CNBC, and other business coverage.
10 bucks? Based on what? More like 1 buck.
Revenue doesn't fit that scenario.
Inventory is 0. It's 0 for one of the following reasons:
1) They don't have any inventory
2) The inventory they have is worthless
3) Nobody wants their inventory
4) The cost of producing inventory was far greater than the actual value of the inventory
http://www.investopedia.com/ask/answers/05/070105.asp#axzz1WVlPqku7
Speakers can self-nominate themselves to speak about whatever.
Here is the lineup for the local event.
Karen Armstrong – Future City Competition
Chuck Banas – Buffalo SmartCode Committee
John Bordynuik – Plastic2Oil
Dr. Barbara Seals Nevergold & Dr. Peggy Brooks-Bertran, Ph.D.s – Uncrowned Queens/Uncrowned Community Builders
Remy DeCausemaker – Digital Storyteller & Open Data Advocate at RIT
Patrick Finan – Block Club
Drew Kahn – The Anne Frank Project/Buffalo State College Theater
Ethan Kent – Project for Public Spaces
Brandon Kessler – Challenge.gov
Patrick Lango – White Cow Dairy
Eric Walker – PUSH Buffalo
Stacey Watson – Drop-In Nation
He could have been a guest at the casino. A brief chat does not prove he was investing. He could have been telling John to stay away from his sister.
Your opinion only that there is any inventory. NO inventory was listed on the 10Q.
Name them. The billionaires. I checked with Warren Buffet. It's not him.
Speculation on your part. With a deficit of over 25 MILLION dollars, it will be interesting to see who is willing to do anything with JBI.
Many recycled plastics can be recycled again. Maybe just not into their original form. Burning plastic for energy or as oil should be the last resort.
http://earth911.com/recycling/plastic/number-4-plastic-ldpe/what-happens-next-to-plastic-packaging/
yes, my understanding is those recycled plastics cannot be recycled again.
"...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. "
This could also affect the companies ability to secure new contracts. If I was a supplier of anything to JBI - I'd want cash in advance.
Smaller = less revenue. Did you find your calculator?
Rawnoc Member Profile Rawnoc Member Level
Share Friday, August 26, 2011 4:02:02 PM
Re: xxxxcslewis post# 131626 Post # of 131787
I think the NYSE: RKT processors may be cheaper and smaller as they only need to make 1 kind of fuel, handle one or two kinds of feedstock, etc.
ROFL!!!!!! Not even remotely. Larger feed (I think a 30 ton drum is bigger than 20, but I can't find my calculator)
Less equipment on the back end. Niagara Falls can make any fuel. NYSE: RKT locations have one customer....one fuel. IMO
There are 37 Rock-Tenn recycling centers with recycling equipment in place.
http://www.rocktenn.com/products/recycling/recycle-facilities.da
Rock-Tenn Company (RKT): Based in Georgia, Rock-Tenn makes paperboard, containerboard, consumer and corrugated packaging, and merchandising displays.
Most of them deal with cardboard ONLY. Maybe tons of ragger tail daily.
Zardiw share:
.....and RockTenn puts out thousands of tons of waste plastic daily....
So the output will be less and the revenue less with the smaller processors right?
GWMAN, I'm sure the best place for that information is on the RockTenn website. There is a whole section regarding their recycling facilities.
http://www.rocktenn.com/products/recycling/recycle-facilities.da
EDITED; Do we know of any recycling equipment Rock-Tenn uses other than the planned use of JBI equipment?
Thanks for the response Kezzek, but I was looking for feedback from sources that are pretty informed regarding the company.
There are companies that convert information to modern day media. I have no need for the service. If I did, I'd call one of the companies in my area that do convert old sticky 9mm tapes.
Perhaps they would be interested in purchasing the old tape drives since JBI isn't using them and they could use the cash. Search this term: - convert information from old computer tapes. I'm sure you can find someone in your area that can help you.
Does JBI still have these tape drives and the software for reading old tapes? They've got to be worth some big bucks. I'm not sure why JB is the only person that has been reported to be able to do this - looks so easy a caveman can do it.
A TAD more than 'baking':
www.youtube.com/watch?v=a6BQFqd9DBQ
106,705 restrictions lifted YESTERDAY! OS unchanged.
August 25, 2011:
OS: 67,824,184
Restricted: 32,318,680
(Float: 35,505,504)
August 23, 2011:
OS: 67,824,184
Restricted: 32,425,385
(Float: 35,398,799)
August 18, 2011:
OS: 67,681,327
Restricted: 32,282,528
(Float: 35,398,799)
August 15, 2011:
OS: 67,621,327
Restricted: 32,222,528
(Float: 35,398,799)
August 12, 2011:
OS: 67,621,327
Restricted: 32,222,528
(Float: 35,398,799)
August 9, 2011:
OS: 67,621,327
Restricted: 32,242,528
(Float: 35,378,799)
August 5, 2011:
OS: 67,621,327
Restricted: 32,242,528
(Float: 35,378,799)
August 3, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
August 1, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
July 29, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
July 21, 2011:
OS: 66,392,470
Restricted: 31,470,171
(Float: 34,922,299)
July 19, 2011:
OS: 66,392,470
Restricted: 31,510,171
(Float: 34,882,299)
REG SHO
July 15, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
WELLS NOTICE
July 13, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
July 11, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
July 7, 2011:
OS: 57,921,953
Restricted: 23,186,904
(Float: 34,735,049)
June 27, 2011:
OS: 57,654,982
Restricted: 22,962,012
(Float: 34,692,970)
June 23, 2011:
OS: 57,444,982
Restricted: 22,752,012
(Float: 34,692,970)
June 16, 2011:
OS: 55,384,840
Restricted: 20,789,374
(Float: 34,595,466)
June 9, 2011:
OS: 55,179,533
Restricted: 20,632,817
(Float: 34,546,716)
June 3, 2011:
OS: 55,179,533
Restricted: 20,670,317
(Float: 34,509,216)
May 27, 2011:
OS: 55,179,533
Restricted: 20,670,317
(Float: 34,509,216)
May 26, 2011:
OS: 55,179,533
Restricted: 20,720,317
(Float: 34,459,216)
May 19, 2011:
OS: 55,179,533
Restricted: 21,211,542
(Float: 33,967,991)
May 11, 2011:
OS: 54,840,247
Restricted: 21,361,256
(Float: 33,478,991)
May 9, 2011:
OS: 54,840,247
Restricted: 21,361,256
(Float: 33,478,991)
Apr 28, 2011:
OS: 54,840,247
Restricted: 21,451,256
(Float: 33,388,991)
Apr 25, 2011:
OS: 54,840,247
Restricted: 21,451,256
(Float: 33,388,991)
Apr 20, 2011:
OS: 54,840,247
Restricted: 21,451,256
(Float: 33,388,991)
Apr 13, 2011:
OS: 54,656,148
Restricted: 21,298,407
(Float: 33,357,741)
Apr 11, 2011:
OS: 54,656,148
Restricted: 21,298,407
(Float: 33,357,741)
Apr 8, 2011:
OS: 54,656,148
Restricted: 21,298,407
(Float: 33,357,741)
Apr 4, 2011:
OS: 54,611,184
Restricted: 21,265,943
(Float: 33,345,241)
Apr 1, 2011:
OS: 54,611,184
Restricted: 21,265,943
(Float: 33,345,241)
Mar 25, 2011:
OS: 54,611,184
Restricted: 21,304,693
(Float: 33,306,491)
Mar 16, 2011:
OS: 54,611,184
Restricted: 21,572,252
(Float: 33,038,932)
Mar 11, 2011:
OS: 54,370,260
Restricted: 21,331,328
(Float: 32,988,932)
Mar 4, 2011:
OS: 54,370,260
Restricted: 21,381,328
(Float: 32,988,932)
Feb 25, 2011:
OS: 53,995,260
Restricted: 21,006,328
(Float: 32,988,932)
Feb 16, 2011:
OS: 53,995,260
Restricted: 21,081,328
(Float: 32,913,932)
Feb 8, 2011:
OS: 53,995,260
Restricted: 21,081,328
(Float: 32,913,932)
Feb 2, 2011:
OS: 53,995,260
Restricted: 21,081,328
(Float: 32,913,932)
Jan 28, 2011:
OS: 53,895,260
Restricted: 20,981,328
(Float: 32,913,932)
Jan 19, 2011:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Jan 10, 2011:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Jan 3, 2011:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 22, 2010:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 17, 2010:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 16, 2010:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 15, 2010:
OS: 51,241,926
Restricted: 18,933,244
(Float: 32,308,682)
Dec 9, 2010:
OS: 51,241,926
Restricted: 19,126,994
(Float: 32,114,932)
Dec 6, 2010:
OS: 51,241,926
Restricted: 19,126,994
(Float: 32,114,932)
Nov 24, 2010:
OS: 51,241,926
Restricted: 19,376,994
(Float: 31,864,932)
Nov 19, 2010:
OS: 51,241,926
Restricted: 19,653,557
(Float: 31,588,369)
Nov 16, 2010:
OS: 51,241,926
Restricted: 19,653,557
(Float: 31,588,369)
Nov 9, 2010:
OS: 51,246,926
Restricted: 19,658,557
(Float: 31,588,369)
Nov 3, 2010:
OS: 51,246,926
Restricted: 19,658,557
(Float: 31,588,369)
Oct 29, 2010:
OS: 51,246,926
Restricted: 19,658,557
(Float: 31,588,369)
Oct 20, 2010:
OS: 51,246,926
Restricted: 19,878,017
(Float: 31,368,909)
Oct 15, 2010:
OS: 51,246,926
Restricted: 20,103,017
(Float: 31,143,909)
Oct 12, 2010:
OS: 50,836,926
Restricted: 19,693,017
(Float: 31,143,909)
Sep 28, 2010:
OS: 51,036,926
Restricted: 20,006,817
(Float: 31,030,109)
Sep 22, 2010:
OS: 51,036,926
Restricted: 20,035,544
(Float: 31,001,382)
Sep 20, 2010:
OS: 51,036,926
Restricted: 20,065,544
(Float: 30,971,382)
Sep 17, 2010:
OS: 51,036,926
Restricted: 20,131,760
(Float: 30,905,166)
Sep 13, 2010:
OS: 51,036,926
Restricted: 20,161,760
(Float: 30,875,166)
Sep 7, 2010:
OS: 51,036,926
Restricted: 20,314,894
(Float: 30,722,032)
Aug 31, 2010:
OS: 51,036,926
Restricted: 20,344,894
(Float: 30,692,032)
Aug 27, 2010:
OS: 51,036,926
Restricted: 20,344,894
(Float: 30,692,032)
Aug 23, 2010:
OS: 51,036,926
Restricted: 20,519,529
(Float: 30,517,397)
Aug 18, 2010:
OS: 51,036,926
Restricted: 21,310,104
(Float: 29,726,822)
Aug 5, 2010:
OS: 51,046,926
Restricted: 24,597,054
(Float: 26,449,872)
Aug 3, 2010:
OS: 51,046,926
Restricted: 25,081,951
(Float: 25,964,975)
July 28, 2010 (3:27pm):
OS: 51,046,926
Restricted: 25,581,926
(Float: 25,465,000)
July 28, 2010 (12:05pm):
OS: 51,046,926
Restricted: 25,644,426
(Float: 25,402,500)
July 23, 2010:
OS: 51,046,926
Restricted: 27,486,926
(Float: 23,560,000)
July 19, 2010:
OS: 50,657,229
Restricted: 27,097,229
(Float: 23,560,000)
June 25, 2010:
OS: 50,158,450
Restricted: 26,598,450
(Float: 23,560,000)
May 10, 2010:
OS: 50,158,450
Restricted: 26,708,450
(Float: 23,450,000)
Apr 26, 2010:
OS: 50,118,450
Restricted: 26,668,450
(Float: 23,450,000)
Apr 13, 2010:
OS: 50,114,700
Restricted: 26,664,700
(Float: 23,450,000)
Mar 3, 2010:
OS: 50,102,200
Restricted: 26,652,200
(Float: 23,450,000)
Mar 2, 2010:
OS: 71,102,200
Restricted: 47,652,200
(Float: 23,450,000)
Feb 17, 2010:
OS: 69,309,700
Restricted: 45,859,700
(Float: 23,450,000)
(Source: PACIFIC STOCK TRANSFER COMPANY - Tel: (702) 361-3033)
See also:
Mar 3, 2010: 21,000,000 shares were returned to the Company and retired by CEO John Bordynuik
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm
Jan 27, 2010: JBII OS is 68,701,056
http://www.sec.gov/Archives/edgar/data/1381105/000121390010000306/f8k062509a2_jbi.htm
Dec ?, 2009: 9,970,000 shares were returned to the Company by CEO John Bordynuik and retired; He also returned 30,000 shares to the Company in exchange for 1 million shares of JBII Series A Super Voting Preferred Stock
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm
Nov 16, 2009: JBII OS is 58,725,106
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003274/f10q0909_jbi.htm
Nov 6, 2009: JBII OS is 58,100,106.
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003050/pre14c_jbi.htm
June 30, 2009: JBII OS is 53,790,513
http://www.sec.gov/Archives/edgar/data/1381105/000121390009002176/f10q0609_310.htm
May 20, 2009: JBII OS is 63,700,000
http://www.sec.gov/Archives/edgar/data/1381105/000118518509000498/holding310-10q33109.htm
Apr 24, 2009: John Bordynuik purchases 40,250,000 shares of 310 Holdings common stock (TRTN) from former CEO Nicole Wright for $80,000 (representing 63% of the OS). 310 Holdings (TRTN) is eventually renamed JBII.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010001230/f10k2009_jbi.htm
Mar 31, 2009: TRTN OS is 63,700,000.
http://www.sec.gov/Archives/edgar/data/1381105/000118518509000231/holdings310_10-k123108.htm
Thanks Steve....
You must have missed it in the filing.
For the three and six month period ending June 30, 2011, revenues of P20 include fuel sales from the Niagara Falls, New York facility of $47,480 revenue from sale of processed waste product (primarily paper fibre) of $33,621 and incidental revenue from sale of products of $4,914.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011004691/f10q0611_jbi.htm
Our Plastic2Oil Division entered into a fuel supply and service agreement in June 2011 with Coco Paving, Inc.
and has sold fuel to Oxy Vinyl Canada.
The Company is now primarily focused on
generating revenue from waste plastic,
and JBI has a number of different companies currently supplying free feedstock for our P2O process.
In addition, JBI and Rock-Tenn (NYSE:RKT) have entered into an exclusive ten year agreement as of July 29th, 2011 (see our press release of August 8th, 2011).
Baseless? Hardly! It's not brain surgery.
Could the positive posters explain why they dismiss these red flags:
1) P2O energy appears thermodynamically impossible to be energy positive as claimed
2) COO is an osteopathic physician with no relevant experience TRUE and according to filings, he was running Pakit - now dissolved.
3) no CFO, no accounting on board TRUE from JBI website
4) no significant chemical engineering expertise in the organization The chemist listed on the website designed a dehydrator, not sure what that has to do with chemistry
IMO they're selling shredded plastic from recycling facility, cardboard from the recycling facility(from the 10Q). Fuel? Old goo from the blending facility that's only good for paving material.
Have employees ever won suits like that? Do the Pakit employees etc. have a case?
Selective updating of the FAQ? The outstanding share count on the FAQ does not match the SEC filing yet they've updated most of the other sections. Wonder why...
Document and Entity Information
6 Months Ended
Jun. 30, 2011
Aug. 19, 2011
Document and Entity Information [Abstract]
Entity Registrant Name JBI, INC.
Entity Central Index Key 0001381105
Entity Current Reporting Status Yes
Current Fiscal Year End Date --12-31
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 67,681,327
Document Type 10-Q
Document Period End Date Jun. 30, 2011
Amendment Flag false
Document Fiscal Year Focus 2011
Document Fiscal Period Focus Q2
http://www.sec.gov/cgi-bin/viewer?action=view&cik=1381105&accession_number=0001213900-11-004691&xbrl_type=v
from the FAQ
How many shares are outstanding?
As of April 1, 2011, there were 54,611,184 shares of JBI issued and outstanding, with 21,265,943 of those shares restricted, leaving a freely trading float of 33,345,241.
As of June 17, 2011, there were 55,384,840[color=red][/color] shares of JBI issued and outstanding, with 20,789,374 of those shares restricted, leaving a freely trading float of 34,595,466.
http://www.plastic2oil.com/investor-relations/faq.aspx
You can get your t-shirts here if you didn't win the contest. Someone once told me only broke people wear t-shirts. But these aren't cheap!
http://www.zazzle.com/plastic2oil_tee_shirt-235209245106878764
Do the math. It was only 3 days worth of fuel. Since DECEMBER.
3 Days.
I kept telling everyone JBI was making no-slip cleaner in the processor, not fuel!
OMG it's flatlining!
Then where is the P2O inventory? THERE IS NO INVENTORY.
Better question - where did they all go?
Where did all of these shares come from?
JB is handing them out like candy for "services". What "services"? Did someone get him a roll of TP for 50K shares? How many posts did his aunt get paid for? How many shares/post?
P2O has NO inventory.
What happened to all of the stored fuel that's been talked about? What are they doing with the free plastic?
page 21
http://www.sec.gov/Archives/edgar/data/1381105/000121390011004691/f10q0611_jbi.htm
When did they shut down Pak-it? Seems like a major material event.
Cash flow monsters? At much lower margins than advertised. Plug these numbers into EP's spreadsheet now.
The worst case scenario is the financing is a few percentage points higher than what it should be. Big deal. These P2O processors are cash-flow monsters.
How will they ramp up for RockTenn? They don't have much capital to build and install at the RockTenn sites.
The sale of the Pakit assets will not net much. What happened to all of the expensive automation equipment they bought in 2010? Savings in SGA will help some. If they decide to sell off Javaco, looks like the inventory is low and SGA savings won't be much as they only have 5 or 6 employees.
I still think a spinoff or sale of unwanted assets and then an IPO of P2O will happen.