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All testing is complete...
Who is going to buy it? Do you know how much testing is required by a refinery before they buy product (from anywhere)?
Obviously, not enough research has be done here...
How quickly after the air permit will JBII be selling fuel? That requires a buyer and supplier of 20 tons of feedstock per day...
Permitting is the issue here my friend...
...I don't think IsleChem is the big issue right now, but that's just my take, what do I know????
I thought we were debating Islechem being a independent startup of OxyChem...
...it was not as independent of a startup as one would incoherently presume. It was more of a spin-off, per say of a segment of their business that they no longer wished to participate in. Happens all the time to businesses - also considered to be "normal course of action" for involving companies.
Obviously, this is "what is so hard to understand?":
This was the beginning of IsleChem:
Friday, May 3, 2002
With OxyChem set to close tech center, IsleChem was born
Business First of Buffalo - by Tom Hartley Business First
Type of business: Contract chemical research and development, analysis, and manufacturing.
Who's who: Dr. Charles Rader, Dale Kunze and Edward Rowe are equal partners. Rader is chief executive officer of the company, Kunze is vice president of operations, and Rowe is vice president-commercial director of marketing, sales and tech services.
Clients/customers: Customers are mid- and large-size chemical companies, including Occidental Chemical Corp., which formerly owned the business.
Company history: Prior to last Nov. 30, IsleChem's founders were employed at Occidental's Grand Island technology center, now home of IsleChem.
Rader was a senior vice president in research and development, Kunze was technical director and Rowe was director of commercial development.
When OxyChem targeted the tech center for closing in a cost-cutting move, the three proposed keeping the business going by forming a new company and buying the building along with the expensive analytical and testing equipment.
At its peak, the tech center had 275 employees, but the number was only about 40 in 2001. The new company has 20 employees, all but one formerly with OxyChem.
IsleChem, which officially began operations last December, bought the 88,000-square-foot building and land for $375,000. The full value of the deal was undisclosed, but Rowe said the cost of replacing everything would exceed $30 million. This takes in the equipment in the approximately 20 fully-equipped laboratories, including seven that IsleChem uses, a pilot facility and the manufacturing area.
In addition to IsleChem, which uses about 25,000 square feet of space, the technology center houses three tenants: Durez Corp., which occupies about 11,000 square feet, and Process Technology Optimization Inc. and Programmable Life Inc., both of which use less space.
"We expect more tenants by July, which would mean that 40 percent of the building is occupied. Our target is to have 100 employees on this site by the end of the year," Rader said.
IsleChem's scope of work includes contract research and development, analytical services, sales and marketing in the United States for foreign companies, manufacturing of small-scale chemicals and scale-up work on ideas that start in a lab. "Some of what we do in R&D may end up in manufacturing eventually," Rowe says.
Revenues: Projected to reach $3 million by the end of this year, they are seen ranging upwards of $10 million by 2006.
What's ahead: The company expects to hire more employees this year and will double in size to 40 employees in two years. Kunze says employment could reach 50 by 2006, but there is no plan to be a large company with hundreds of employees on a scale of the tech center when OxyChem operated it.
Company strengths: "Our experienced people are our greatest strength," Rader says. "The average salary of our staff is $65,000 and that says something about our academic training."
Fifty percent of the employees in the knowledge-based organization have PHds in chemistry or chemical engineering.
The average experience is more than 20 years.
Down the road: In June, IsleChem and the University at Buffalo will launch a joint summer program.
The company will provide facilities, mentors and a stipend for students in UB's graduate chemical engineering program.
Initially, two students will be involved, but Rader envisions as many as 10 in a few years if the program is successful. They will work on real-world industrial problems submitted by IsleChem customers to earn six credit hours toward a masters degree.
"One of our overall goals in investing in this is to help keep a skilled work force in Western New York," Rader said.
The mission: Of several major key core areas, the two biggest are contract R&D and contract manufacturing.
Of the two, the manufacturing portion of the business is being developed to a higher level so it more evenly balances with R&D.
"Contract manufacturing is likely to be one of the most important aspects of our business," Kunze says.
The challenge: "We are going down a couple of avenues aggressively," Rader said. "One is we are launching our own line of chemicals which will be small-volume, high-value that we will market and sell.
"Secondly, we need to fully utilize the assets we have available for analytical work on site and expand our analytical services businesses," he said.
http://www.bizjournals.com/buffalo/stories/2002/05/06/smallb1.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50766217 <--this one was to you btw...
Moves on air...
Volume from 1.95 to 1.65: 10K shares ...
Shouldn't surprise any true believers, as it is predicted (somewhere) that once man recreates life, then the end is imminent.
And what do you base your opinion on?
Any CPA that looked at how the Media Credits were booked and said it was OK, is either incompetent or purposely ignoring the facts.
I really see no problem in the "ability to keep them". Anyone in their right mind would see the incredible opportunity that exists with this company. ~IMO of course
Is this Déjà vu dude?
The "karma" here would be the reference to Moore Stephens.
Are we still discussing this one as well?
Moore Stephens Int'l is not an accounting firm but a cost sharing arrangement that provides goods & services to accounting firms.
karma
on what do you base your statement?
Follow the thread dude/tte.
Are we still on this?
I really don't see where that would make any difference to a non-shareholder. What do you think?
The one that is currently associated with the ticker symbol JBIIE.
Yes, we are indeed scraping here:
...per barrel?
What does that have to do with JBI, Inc. imminent business roll-out?
lol - should put that one to rest, but probably not.
Here's a better idea:
Looks like just the right organization to get the global realm in gear:
Welcome to Moore Stephens International
As the world gets smaller, so it becomes more complicated.
International businesses now face issues such as global competition and increasing regulation, including reporting under International Financial Reporting Standards, compliance with Sarbanes-Oxley and similar legislation, or choosing to make public offerings of securities.
Moore Stephens International is regarded as one of the world's major accounting and consulting associations consisting of 351 independent firms with 630 representative offices and 20,864 people across 98 countries.
Our member firms' objective is simple: to be viewed by clients as the first point-of-contact for all of their financial, advisory and compliance needs. They achieve this by providing sensible advice and tailored solutions to help clients achieve their commercial and personal goals.
Moore Stephens member firms across the globe share common values: integrity, personal service, quality, knowledge and a global view.
It is their commitment to clients, which ensures they provide added value services for them, as well as a stimulating career for their people. Moore Stephens International maintains a cohesive association to ensure modern and comprehensive global services that meet standards of professionalism and deliver value in each country.
Believe me, it exists here.
Sorry Rik, intended for the original sinner
I cannot show you that!
So how about some math that shows that this process cannot be profitable? Can we see it?
Damn! Its only Monday, and we already have the post of the week!
"this process may not even make any money"
LOL, yeah.. that makes great sense. That's why they bought a fuel-blending site, are seeking permits for NY operations, have raised funds for rollout, have signed an ADA for 45 sites in Florida, retained a top-tier auditor, visited and applied to list on the NASDAQ, and talked about it for over an hour at their AGM in front of over 400 people. All for something that won't make money.
If you want to prove your point, why don't you provide some math? What does the rent of a warehouse cost with room for fuel and plastic storage? What do 2-3 blue-collar workers cost? What about insurance? And then divide all that by 2800-5000 barrels (MINIMUM) per month, and what do you get?
$10/bbl is high. But don't take my word for it. Wait until they're operational and you will see for yourself.
Looks like just the right organization to get the global realm in gear:
Welcome to Moore Stephens International
As the world gets smaller, so it becomes more complicated.
International businesses now face issues such as global competition and increasing regulation, including reporting under International Financial Reporting Standards, compliance with Sarbanes-Oxley and similar legislation, or choosing to make public offerings of securities.
Moore Stephens International is regarded as one of the world's major accounting and consulting associations consisting of 351 independent firms with 630 representative offices and 20,864 people across 98 countries.
Our member firms' objective is simple: to be viewed by clients as the first point-of-contact for all of their financial, advisory and compliance needs. They achieve this by providing sensible advice and tailored solutions to help clients achieve their commercial and personal goals.
Moore Stephens member firms across the globe share common values: integrity, personal service, quality, knowledge and a global view.
It is their commitment to clients, which ensures they provide added value services for them, as well as a stimulating career for their people. Moore Stephens International maintains a cohesive association to ensure modern and comprehensive global services that meet standards of professionalism and deliver value in each country.
http://www.moorestephens.com/websites/uk/msil.nsf/pages/newhome
Thanks for the correction update! With JBI, Inc. poised to be a global entity, hiring a world-class international accounting organization to assist in the global launch would seem to be in order.
you'll be *pleased* to note scion
just a simple *spelling* mistake
made by a human being
for those interested ..
this is what i just did for *confirmation*
of moore stephens info/website i posted
i put a call into IR
then was directed to contact christine at JBI Inc.
for those who wish to verify .. that it is indeed
moore stephens vs. *stevens* .. call 905-354-7222
x 227
christine will verify
--
mistakes happen .. i didn't want 3 days worth of
*ahem* noise on a simple mistake .. website speaks
for itself
--
4kids
all jmo
I doubt that is what was meant by the post...
That's what zardiw means by bear raid, some of the bulls turn into sellers and therefore become bears, thus the bear raid...
Nice...
LOL - can you provide a link for that one?
This one is huger...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51110421
What a wonderful 'flashback' to a few short months ago...
Posted by: MOMO Member Level Date: Monday, December 14, 2009 10:48:43 PM
In reply to: KingVegita2006 who wrote msg# 326208 Post # of 432919 Send a link via email Share on Facebook Tweet this post
JBII chart...talk about blue skies...amazing not sure how I missed this one...
Where is PP when ya need em?
Should their allegations about the company be unfounded and/or are knowingly false and malacious then there could be legal ramifications for those involved.
And proud as he could be...
Ahmed replied, "Shit, from way back there I thought you said Goats."
What a 'punch line':
Gonna get very interesting here shortly...
I thought that is what we were discussing?
It would appear:
"Praise the Lord and pass the bad DD" is an iHub staple.
Only if we want to go into the oil drilling business...
[edit]
Probably not the correct path for JBI, Inc. ~IMO
From the Chief:
John Bordynuik
Either stream is very easy to capture because all of the sites we have spoken to (yes, including Waste Management) pays $38 to $70/ton tip fee to get rid of their plastic. They all attempt to recycle PET plastic when the commodity price is high. There is money in collecting and recycling PET plastic.. that's it. If it contaminated then they get nothing or much less. All other plastic is sent to landfill (with the exception of HDPE sometimes). I want all the plastic they pay to dispose of. The industrial waste stream is low hanging fruit because companies are always looking to save money and by reducing their tip fees. Industrial sources do offer a better plastic because it doesn't smell so bad (might sound funny but we have much plastic with food waste we've tested and rotten milk in powdered form smells awful). We are running unwashed mixed plastic anyway and industrial waste results in slightly less residue because I don't have rotten baked food left in the reactor.
April 20 at 5:23pm
The problem is composite plastic and plastics that cannot be sorted by machine or a person. As well, plastics are mismarked at times. If HDPE and PP in the same plastic it cannot and is not recycled at this time. As well, from the recyclers I spoke to if a load is HDPE and it is contaminated with some PET they just landfill it. Many products use multiple plastics for various reasons: 1 plastic for lid, one for handle, another for the container, etc.. These plastics cannot be recycled. These problems further complicate the recycling process. Colours are another headache. Some facilities sort PET by colour. With all these problems it is not possible to sort them all 100% except for PET (bottles). HDPE is somewhat sorted by size and some other technology that that is not done to often. Plastic that is generally recycled is plastic left over from product runs when the plastic type and consistency is known. That appears to be most of it.
April 20 at 6:47pm
We can recycle the plastics that are currently not recycled. I have a lot of stats from Waste Management, some municipalities, and many recyclers in the US who we have discussed our P2O with. Are you asking me what the percentage of plastic is for type 4 through 7?
April 20 at 9:20pm
You are correct my friend - on all accounts!
Many of us will continue to "add more"; likewise, many will "reenter" at these levels, and both accounts are indeed a "no brainer" !
Time to add more, or in my case, reenter? No brainer?