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Sweet!
Caveat emptor - I have no idea how easy it is to sell JBII/JBIIE with TD.
"For now we see through a glass, darkly;..."
but at least we know that it will be a fancy pink at some point - i think....
Congratulations! You win the prize! Mr. Bordynuik cares about the prosperous future of the company, and that is exactly what I expect from the CEO of the next multi-billion dollar corporation that I have invested in! Thanks for pointing that out to the board!
I don't think Mr. Bordynuik cares about the stock price at this point.
SOS
anything new in the hundreds of JBII posts made this weekend?????
The only thing that the current "stock price proves" is that it is time to load the boat.
...the stock price proves it.
I have never seen them there - but you can never tell how far a hula gig will travel :)
It would appear that we will be in an elite group of companies if we get on the OTCQX:
http://www.otcqx.com/otcqx/market/otcqxList
Meet JBI, Inc.
Innovation. Overview.
JBI is currently formulating and executing a business plan that applies advances in technology to previously unviable engineering applications. JBI will continue to acquire profitable, growth-oriented companies that facilitate execution of the company's goals.
JBI was founded on the premise that innovation does not have to mean creating something out of nothing. For example, we believe that mining valuable information from stockpiles of decades-old tapes, that were previously determined to be useless, is innovation in its purest form. We recover what has been abandoned to generate innovation by injecting new intelligence into those existing products and processes.
Efficient Conversion of Plastic to Oil.
The conversion of plastic to oil is not a recent process. Currently, several plastic-to-oil processes are operational globally. These facilities employ a variety of technologies and yield varying purities of output. The commonality of the existing processes is that they do not provide a solution that is cost effective, high volume or can readily be expanded for multi-site or global applications. The JBI Plastic2Oil (P2O) model requires a minimal capital investment, yields optimum-quality output (ASTM certified), requires negligible external energy to operate and occupies a footprint of only 500 square feet (46 square meters).
Digitization of Magnetic Tape Data.
Beginning in the early 1950s, magnetic tapes became a primary media for data storage. Due to cost effectiveness, magnetic tape was widely used by government, scientific, educational and commercial entities for decades. Historically these tapes are vulnerable to deterioration when exposed to natural elements which can render the tapes unreadable. Mr. Bordynuik developed a process to recover all data on magnetic tapes regardless of their condition . The recovered data can be verified as 100% accurate and returned to clients in the storage format option of their choice. The Bordynuik recovery process provides institutions the ability to conveniently catalog and safely archive previously non-retrievable data to various readily accessible proven storage media.
Earth Friendly Cleaning Solutions.
The average bottle of liquid cleaning solution is composed of a plastic bottle filled with pre-mixed cleaner, of which approximately 98% is water. The cost to formulate, package, ship and store each bottle far outweighs the cost of the actual cleaning agent. JBI's PAK-ITs minimizes the cost of cleaning solutions as well as their environmental impact by packaging concentrated cleaning agents in water soluble liquid packets. The patented PAK-IT sachets allow customers to purchase only the value-added components of the cleaning products.
Moving Ideas Instead of People.
As a telecommunications provider, JAVACO helps its customers minimize their impact on the environment by providing solutions that allow them to move information and ideas rather than goods and people. JAVACO also provides the in-house expertise that will allow JBI to establish its own secure global communication network, as well as the wireless components that will protect JBI's proprietary P2O catalyst.
Company. Overview.
Initially, the JBI business lines appear unrelated. Precisely the opposite is true. We are organically growing our enterprise and expanding our boundaries to include technologies that support our goals.
JBI was born out of the innovation of our founder, John Bordynuik. John's data recovery and restoration process has provided JBI access to valuable engineering discoveries dating back to the 1950's. Applying this process to his personal data library, John recovered the formula for the catalyst that renders the JBI Plastic2Oil (P2O) process efficient and economically viable.
While planning for the build-out of P2O, JBI acquired JAVACO, a telecommunications infrastructure company. With a strong presence in Central and South America, JAVACO will allow for the rapid expansion of P2O in these markets. Additionally, JAVACO will provide important protection for JBI's P2O intellectual property.
In Q3 of 2009 JBI acquired PAK-IT for the high-potential product portfolio and to serve as manufacturer of the P2O catalyst. PAK-IT technology will allow the P2O catalyst to be distributed in pre-measured quantities. Concurrently, JBI is enhancing PAK-IT's original product lines and expanding into the retail sector. JBI will promote the new PAK-IT retail launch using media credits secured in the JAVACO acquisition.
Our Story.
John Bordynuik Inc. (JBI) was incorporated on February 10, 2006. But for John Bordynuik, President and CEO of JBI, his dream business began long before that.
Bordynuik has spent his entire life learning everything there is to know about computer hardware and software. As a child, his preferred toys consisted of computer hardware donated to him from technology leaders like Honeywell, IBM and Digital Equipment Corporation. Along with these systems, he was given manuals, schematics and operations guides. He absorbed it all, relentless to learn, hungry for more.
As he grew up, Bordynuik continued to absorb and adapt the information he acquired. Drawn to Toronto, he delved into Research and Development for the Ontario Government and became the youngest person to ever work at Queen's Park.
Bordynuik spent the next 10 years learning about politics and business in the public sector. During this time, he traveled the continent, adding to the "big iron" collection he had begun in his youth. This extensive archive of original mainframes, super computers and tapes from the 1950s to the 1970s included a 1972 PDP11/35. While using this computer as a demonstrative tool on eBay, Bordynuik captured the attention of some of the computer industry's major players.
Bordynuik found his niche, using Harvard tapes to design hardware and software to recover the "Holy Grail" of software, which had been lost by the founders of the largest software company in the world. He worked hard, applying his knowledge of analog and digital electronics and tape tribology, and was sought out by the founders of a number of other large corporations for restoration and recovery of their lost and damaged media.
In 2004, the Massachusetts Institute of Technology (MIT) discovered Bordynuik and asked him to try where so many others had failed before, by attempting to read more than two-dozen tons of tapes that had been recorded by the venerable institution between the 1960s and 1995.
When Bordynuik was asked to present his theories and processes to the key faculty at MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL), they were so impressed by his innovation and knowledge that they invited him to join their Math and Computation Group as a Collaborative Researcher.
Inspired by his success, Bordynuik incorporated John Bordynuik Inc.
NASA, who remains one of JBI's most loyal clients, soon contracted JBI to recover valuable earth science sensor data that had been recorded from the 1960s to 2000. By recovering this previously unreadable data from the 7- and 9-track tapes on which it was stored, JBI also helped to solve a major scientific data storage problem for NASA. Bordynuik was able to successfully migrate the data from their reel-to-reel tapes to modern media, amalgamating 200,000 tapes onto one hard disk array. In 2008, NASA awarded JBI with sole-sourced status, meaning that NASA will only award its data recovery business to JBI in the future.
JBI maintains an ongoing relationship with both NASA and MIT, helping the institutions with all of their data recovery and management needs that arise. In the three years since its inception, JBI has built a strong reputation in legacy data recovery while also completing recovery projects for the United Nations (UN), the Ontario Provincial Government, and many other institutions and Fortune 100 companies and their founders.
http://www.jbiglobal.com/
LOL - now that would be a sight to see! And I do expect to see it sooner or later.
...prolly blow by the old high so fast it'll put the subway Monroe skirt blow up to shame...........z
Not very likely...
just curious..
Happy Independence Day to the USA JBII(E) shareholders!
Thanks - I get it in both replies...
No denial here here - just looking for a little more credibility than a new poster's word.
Looks like hearsay to me. Do you honestly believe that alleged email?
I didn't see anything about Seneca resigning from JBI in that link.
Still awaiting that link...
the president resigned within weeks of addressing the agm.
Lots of hearsay going on around here about JBI.
Seneca left the company? Where's the link for that one?
.according to the following, that potentially senecas departure from pak-it is NOT material after all???
I will buy all you have for a buck!
Have to agree with that statement!
I wouldn't care if we went Grey as long as we were pouring out diesel and selling it.......z
I am not worried about it at all. This valley ride was just what many needed in order to add more shares at such a ridiculously low PPS! This is most-likely the bottom. ~IMO
Anyone else not worried if we even hit the pinks for a week or two?
Sentiment may be the most classical of all.
Who said that it wasn't?
Why not a classic image?
This is about an "ok" as you are going to get. ~IMO
In that case I am close enough to the story to probably pick an ok entry point.
Not in my book...
The site was practically donated by a loyal shareholder, and, there are plenty of those around.
No red flags there!
Should be plenty of room for both, and one can only speculate as to how much fuel is currently stored awaiting a permit to sell.
Maybe they are only going to use it for storage, or for additional P2O units, etc.
How much did the site cost?
Kinda' like an inverse bear raid with the bears in the lead...
Looks like there'll be some Bears buying....guess they can't drive here any lower..........z
So that's where this is going then...?
then you might lose possible future class action eligibility......IMO
It would seem that too much discussion is taking place around an alleged email posted by a new poster that has only had 2 posts on ihub.
http://investorshub.advfn.com/boards/ProfileA.aspx?user=207340
1.75's tasted good today - thanks to the seller!
Less serious than unsubstantiated materially false implications by the few.
If all of this hearsay is actually true, then this would be the most logical and realistic assumption:
That's Day 1 after the acquisition. By the next month the restructing was all but complete. The CEO of PAKIT was named CEO of P2OLand. Weber got a new role. Haber got a new role. Seneca wasn't even mentioned in the filings ever again and in a list of executives he was the only one who didn't even have a title.
So what was his role other than ex-president and maybe the #2 guy up until the acquisition? Did he get coffee for the new team that took over almost immediately?
People act like this is some sort of management shake-up, but that's just laughable. He was clearly, at most, part of the transition team as one of the company's founders. I'm guessing this was his retirement since he almost immediately dropped his title and zero reference to him in the filings -- the only founder of PAKIT not mentioned by the way with the November 16, 2009 10Q filing, just 38 days after the acquisition. And obviously PAKIT management was replaced at some point before the day of the filing. Everybody was replaced. EVERYBODY. Including the CEO right away and moved to the P2O operations.
Today would be nice.
I suspect that the foundation is being laid for every contingency known to man prior to the global launch.
Drivel...
We both know that none of this testing has even begun - the only refinery JB has identified was 1000 miles miles away before they went out of business.
Has your research concluded yet? What is your logical conclusion, and what is it based upon (exactly, please)?
scion,
Is this company now up to date with all required SEC filings? I've been told that I do a decent job of pulling filings apart.
So I'd like to begin an updated review of this security and management.
TIA
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.