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It certainly says a lot when an executive from a NYSE company joins a small startup company to become its CEO.
Mr Rauber leaves RKT joins JBI...and JBI has a 10 year contract with RKT...big mystery on what is going to happen here.
Long-term shareholder making money will be the result here.
That video really is a beauty. Imagine a couple thousand is those machine running 24/7 recycling waste plastic into spec fuels.
The SEC did not "force" John out. He brought in experienced senior management to roll out P2O and focus on getting sites at RKT up and operational.
The SEC will most likely retract their ill prepared BS complaint against a promising start up company.
Thanks it was a guess.
My guess is that volume spike before the 10Q was the new CEO buying shares. Just a guess tho. Could have been anyone buying but I do think it was a single person buying.
No magic beans. Just a disruptive technology that will forever change plastic recycling. Looks like JBI has the tech, management, and startup funds to begin its accent into the big boy club.
Just catching up.
I want to thank JB for bringing P2O to this point and I wish him all the best in his new position of CTO. Thank you!
Yeah all the doom and gloom talk. I'll wait a couple of years on this one. Sure would hate to have a naked short position in JBII with the prospect of unlimited losses. Perhaps totally wiping some one out clean...lol
Thanks big move...will watch in delayed time.
I'm off real time right now. What's going on? Volume pls? Thanks
Nicely put. Revenue will increase quarter over quarter year over year. Third machine soon to be producing P2O fuel. Three machines running at 4000 lbs an hour makes JBI cash flow positive.
The talk of sub penny and bankruptcy is just that. Talk.
Why use a 23% net?
I guess we will wait for the numbers. However, I can already hear it....that's not P2O fuel....that's resold fuel...etc. wow no way could JBI produce that much fuel in 30ish days...must be a scam....probably fraud....etc
No way. Why would anyone want to try an interfere with JBI?Come on, really, you think people have nothing better to do all day then call and complain about JBI. Surely the shareholders would not tip off about the illegal storage of bagged plastic during filming of a t.v. Show.
And there is no short interest in the stock...so I'll answer no way did anybody call the dec and tip them off. Why would they?
New contest winner:)
OMG it's 4.30 and we don't have an update on the SWP. I guess we will just have to process plastic waste at 2000 pounds an hour instead of 4000 pounds.
Does anybody actually believe that the SWP will not be amended to 4000lbs an hour. Maybe tonight, maybe longer, but it will happen.
I trust the numbers provided by JBI. Really, looking forward to the Q2 numbers tho. That should give a better insight to the capabilities of the P2O machines.
Yes the business plan is most likely not real. Haven't you heard. JBI is a scam, scam, scam, sub penny, sub penny, sub penny. The business plan is about as real as the naked short position. They are both just figments of imagination.
I will wait for the huge profits to roll in. That should be enough of an answer for both of us. Wouldn't you agree?
The back end of the machine that refines the petroleum distillates into spec fuel is also worth the wait. Offering customers on site spec fuel is a huge plus.
The fuel needing simple blending to add the additives creating diesel and gasoline...wow.
So, let me get this....free waste plastic. Ok. A machines that producing spec fuel from waste plastic at the rate of 10 barrels an hour. Ok. Machine costs around 1 million to build. Ok. Simplicity in design for operators...lowered wages. Ok.
Means profits and increase in share price.
75 million market cap...what a joke. I would really hate to have a huge naked short position in this stock...JBII.
Lots of chat today for a mere few thousand shares traded. I guess we will wait and find out the decision from the DEC.
Glad John changed the business plan from "franchise" model to JBI owning the machines. The extra year of design modification to double throughput was very well thought out as well. I think a lot of the design improvements were focused on safety and machine simplicity for the operator. Smart.
Looking forward to the third machine coming online and becoming cash flow positive. I'm guessing it won't be much longer before we find out about the status of that third machine.
My take on the recent trading:
The NSS crew understands that there is resistance around a dollar. It is like running into a brick wall. However, I bet if you "let her rip boys" to the tune of 1 Million shares you can get it down to 0.80 cents. How long it stays there is another question and will that be enough to spark shareholder panic.
The current shareholder seem resolute in their belief of P2O and are willing to ride out multiple quarters. I'm willing to wait and have JBII ride the low end of valuation and hold for multiple years.
Right now JBII is a broken stock not a broken company and it is a total joke to be trading around a dollar.
A 75 million market cap for a company that take land fill bound plastic and turns it into spec fuel. Really 75 million...lol. I could see 750 million.
Anyways, JBI is coming very close to being cash flow positive. No matter what gets put in the way and interfered with the technology is not going to be stopped.
ENJOY the NSS COVER. It is well deserved.
I love how this is moving from:
1) plastic2oil will never work.....and now
2) they don't have enough waste plastic under contract.
Funny, because I thought the headquarter for JBI is in Canada. Making it a Canadian company with business in the U.S. don't worry I'm sure our new CFO will make sure the IRS gets their share of the tax revenue created by JBI.
You a confusing the taxes to be paid by JBI and JB. JB is a Canadian and his personal taxes are subject to Canadian law.
Anyways JB taxes have nothing to do with the rollout of P2O or the commencement of machine #3...etc.
Where do you get the 3k carry forward. Don't see that in the Canadian tax code. Thanks
The shares had a value of 3.93 per share. He needs to sell them in order to determine the tax implications. Right now they would be a tax credit.
So no JB does not have a tax problem.
Good one. Meant 2012. On my phone...lol.
Seeing how commercial operations began Feb 27, 2101 let wait for several quarters before judging any claims.
It seems to me that receiving waste plastic destined for the land fill and turning it into spec fuel at the rate of 10 barrels an hour per machine could be very profitable. Perhaps the direct cost of producing such a barrel is around 10 dollars a barrel. Bottom line lets wait for the numbers. Even 20, 30, 40 dollars a barrel makes this highly profitable.
It is fantasy to infer any missing shares.
Great idea. If you are a shareholder of JBII and have not made contact with those agencies perhaps today is a good day to do so. Go with the SEC-OIG, and the OSC and let them know what you have observed here.
I heard that the naked shorts have been warned that their margin is approaching maximum and therefore can not sell any more shares.
(lol if you think I know this for sure)...speculation.
Very little resistance overhead so perhaps this is the first sign of capitulation.
Base salary is 216k. He got 50000 share bonus.
Imagine returning all those Millions of shares back to the company treasury instead of diluting the shareholders. JB wants to build shareholder value not run a typical BS OTC company.
Those who naked shorted this in the hopes of cellar boxing the company forcing massive dilution...LMAO. Oops big mistake!
I disagree with your assessments but would like to add. Those measures will not stop P2O or JBI. Unfortunately, for some P2O will become a household name one day.
I believe it is fantasy to infer that there are any missing shares especially 800k worth.
My two favorite performance targets are:
1) 5 operational P2O machines
2) market cap over 500 Million
I'll be happy with those targets met.
JB only received 50,000 shares valued at 3.93 on top of his 216k base salary. Total share value 196500.
Meanwhile he returned 3 Million shares of his to the treasury to help finance the commercialization of P2O.
Plus...what's with the dilution. So far there has not been much and anyone trying to hang a hat on "death spiral financing"...good luck with that fantasy.
I think we are going to see a coordinated bear raid near the Q. However, I think that there is a person or group that would gladly buy all the shares outstanding for about 75M.
I would be very happy with 500K but I'll go with 375K.