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So what was with the wiki page that was falsely made to bash JBII? Something that referenced ownership or past involvements which could be seen as insider activity.
Were you responsible for the page's creation or did you just reference it?
Clearly misinformation. Can someone respond - I don't have access.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51388681
The "loss" is referring to companies not acting on something now due to the fact that they cannot/don't want to mine the data. There was no physical loss, despite a nice effort to construe it that way.
Blatant misinformation.
Clearly someone hasn't been following this company.
Simple? Really?
Bingo what? JBII has that in his profile...it's not like you snooped that information out, my friend.
The new firm will be the ongoing oversight...probably a recommendation of Withum to keep things in order.
I completely agree - not a scam. If it is, I'll gladly let JB take the money I've invested b/c he's damn good at what he "does."
Thanks for your thoughts. If two accounting firms can't get this done, not sure what we can do. Add another bullet to my list of "reasons this is not a scam."
JB knows (and has said) filing past the 30-day mark is not an option. The firm(s) we have engaged have been told this and their job is to have the filing out within that timeframe. Zero ifs, ands, or buts. We'll take on the cost of a second accounting firm in order to avoid the late filing - good ROI.
Moore Stephens International is the umbrella organization for more than 365 accounting firms that operate through approximately 645 offices in nearly 100 countries. Moore Stephens offers a range of accounting, consulting, and related services to international business clients in such target industries as construction, manufacturing, financial services, insurance, agriculture, and shipping. Moore Stephens also serves government and public sector clients. The network specializes in dealing with international clients with cross-border requirements. Moore Stephens traces its roots back to the 1907 founding of Moore Stephens London.
Nevermind...someone just tested my theory...
0 volume b/c we are actually JBI on the Nasdaq so all of the orders are bouncing back....
Haha :)
Yah, kinda.
Read the post.
Everything you mentioned there is in the outsourcer's court to get done.
Well it depends at what price they buy their shorted shares. Effective shorting decreases the PPS via buying at lower prices then where the short occurred.
I don't, however, think the plunge is all due to shorts. Yes, it's part of it, but delays in the business plan are as well. Look at Boeing with the Dreamliner. That PPS has been all over b/c of delays and progress. I don't think the delays in this case are due to flaws in the business plan or b/c its a scam. They are due to an overly optimistic CEO that works quickly. Things will come together soon...
..Actually, I will go on b/c this is WAY too easy:
It was tested to be fully scalable and is also now working on large p20 processors:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46154924
Wrong, they have stated numerous times oil companies are not their competitors – this is a waste plastic solution…
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46155392
Unfortunately, you were wrong with this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46277304
Islechem squelched this claim:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46377977
Love,
dip aka "the MAN!"
You were wrong with this…JB provided the link proving that JBI is contracted and sole-sourced by NASA:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45999969
The catalyst has been independently tested and proved to be very effective:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46153971
JB’s estimates on the P20 process output were almost spot on, as proven by the IsleChem report:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45928759
Need I go on????? You haven’t been right, EVER!
That argument only holds water if they are engaging less and less superior auditors each time....JBI is going the opposite way.
--Scams don't hire Fortune 500 URS....
--scams don't get sole-sourced by NASA...
--scams don't engage a top (#9) accounting firm as their auditor...
--scams don't distribute to Michael's Stores and Home Depot....
--scams don't PR the fact that their financials are incorrect...
--scams don't have relationships with MIT
--scams don't have a full on AGM
This is NOT a scam.
Believe me, we have the same ideas...I'm as long in JBI as a horse is in...well...never mind.
I'm just speaking hypothetically if I was not a believer or thought JBI might be a scam - which I know it is not.
Zar, EP is just being a realist!
If I'm a nonbeliever or nominal beliver, there is no reason for me to buy right now. When I see it break, I'd rather chase it then expose myself to the downside risk that I (hypothetically) have as a nonbeliever.
Looks at the JBII chart....you clearly haven't seen how this thing reacts after periods of low volume.
"crook" huh? You're very nice. Any backup for all of these ugly accusations?
Anyone that doesn't know this doesn't know ANYTHING about JBII:
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.
Exactly, we've dried up so should have a pretty solid base here.
And you think this argument is going to materially affect the PPS?
Get real!
I just called [*wink wink*] and permitting has started and is complete....
Now that it's posted on iHub, it bust be gospel!!! ROFL
Do you DD and figure it out...that is all clearly public information.
The piece he forgot to post:
JBI, Inc. Hires Vice President of Marketing and Communications
NIAGARA FALLS, Ontario, June 1, 2010 (GlobeNewswire via COMTEX) – JBI, Inc. (the “Company”) (OTCBB: JBIIE) has hired Amy Bradshaw as Vice President of Marketing and Communications. Ms. Bradshaw has 15 years of business and consulting experience across multiple industries. Her primary responsibilities will include shareholder communication and marketing for JBI and Pak-It. In order to maintain a majority of independent members, Ms. Bradshaw has resigned her position as a member of the Company’s Board of Directors.
Laughable....P20 revenues last Spring!!!! hahaha.
I think we need to start making things up:
WOW...JBII's first processor $1.3MM in revenue first month!!!!! Congrats to all longs...
2.2 x 4.0 ... here we go! Maybe we should keep the "E" when we go to Nasdaq! :)
I guess it's your DD versus the CEO's word. I seem to trust the latter more as you just started following JBII yesterday.
I'm sure they are very responsive, like all other government entities. ROFL!!!!!! LOLOLOLOL!
Go ahead and call yourself. I see you are very good at DD:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50673436
Consolidation volume. We've shed ourselve of all the weak traders and only have investors.
3. COMPENSATION.
(a) Base Salary. In consideration of the services to be rendered hereunder, the Company hereby agrees to pay the Executive an annual base salary of $180,000, commencing the date the Company receives full DEC approval, payable in equal semimonthly installments in accordance with the usual practice of the Company (the “Base Salary”). The Base Salary shall be subject to an annual review by the Board and may be renegotiated based on criteria to be determined by the Board. The Executive will be responsible for his own income tax payable to relevant federal and state authorities in the United States. The Executive's Base Salary shall be subject to annual review by the Board (or a committee thereof).
(b) Stock Options. Subject to the terms and conditions provided in this Agreement, the Company agrees to grant the Executive stock options to purchase a maximum of 250,000 shares of the common stock of the Company in the following manner.
1. The first tranche of 100,000 options at an exercisable at a price of $4.89 and become fully vested on the Effective Date.
2. The second tranche of 75,000 options carrying an exercise price of $4.89, and vesting upon the completion of 5 fully operational Plastic 2 Oil (“P2O”) processors.
3. The third tranche of 75,000 options carrying an exercise price of $4.89, and vesting when the Company’s market capitalization exceeds $500,000,000 as determined by the Company’s independent accounting firm.
Prove it.
You really haven't done your DD have you? You know nothing about this company.
Anyone that is up-to-date with this company and following it for valuation purposes knows where this came from.
Just making a point that JB has done LOTS of things to void your ridiculous claim of a scam.
URS is engaged...fact.
NASA is sole-sourced...fact.
All Nasdaq criteria met...fact.
Once again, clear it from you mind that this is a scam:
1) Engaged a Fortune 500 company (URS) to do a long-term validation of their p20 process
2) Have applied to Nasdaq, including all filings and payments
3) Have released information that they must restate past filings
4) Had a full out AGM
5) Sole-sourced by NASA
6) Relationships with Home Depot, Michael's Stores, and MIT
7) Using the 9th best accounting firm as their auditor now
And the list goes on...
...all things that should free your mind from thinking this is a scam.
One more buy should wipe NITE out and we should have potential to breakout if we get some volume.
You brought it up...you prove sir.