14,178,750 shares issued in the pipe. Why aren't these showing up in the issued and outstanding? Isn't the pipe closed yet?

June 4, 2012:
OS: 73,803,138
Restricted: 27,910,760
(Float: 45,892,378)

Dec 21, 2011:
OS: 68,615,380
Restricted: 31,665,622
(Float: 36,949,758)

Watching the past 20 or so trades has been nuts. Nice painting. Trades above and below the bid/ask all over the place. Crazy!

4K9P will have some fun tonight!

What should the OS be?

625,922 shares added to the OS last week, 279,046 more off restriction.

Only 625,922 shares have been added to the OS since the recent PIPE was announced. Odd.


June 4, 2012:
OS: 73,803,138
Restricted: 27,910,760
(Float: 45,892,378)

SG&A was the discussion.

OPERATING EXPENSES

Selling general and administrative expenses

13,790,096



Cash Flow from Operations

For the year ended December 31, 2011, we used $6,975,421 in operating activities.

It should be noted that within our Selling, General and Administrative expenses, for both 2011 and 2010, was significant expense attributable to compensation paid in stock, which amounted to $6,455,284 and $3,791,966. Compensation is paid in stock for various services, including construction, purchases, contract and employee labor and outsourced professional services in which the individuals or their companies agree to be compensated by us in common stock.

the P2O processor

According to the company, there should be two P2O processors operating. The PR states "the processor", not the processors.

And it states THIS processor is being shipped to RockTenn. Field trials?

Actually the discussion was about SG&A. Somewhere in the discussion it got switched to "cash burn".

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76238219

From the PR we see ONE processor was assessed and based on the third paragraph - it's being moved out. RockTenn can now make some money off the process and get rid of their piles of ragger tail while all the G&A costs are carried by JBI.

16,823,199 DISCOUNTED DILUTED POSSIBLY FREE TRADING SHARES.

Why should they blink? The list is false and misleading and some of these 'dudes' didn't invest nor have they ever heard of JBI.

Read the filings for a factual accounting of the list.

That is NOT what the filing says:

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

Meyer & Doreen Luskin Family Trust

*/s/ David I. Meyers
David I. Meyers
Attorney-in-Fact


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8642956

Type of Reporting Person- OO
OTHER. The type of reporting person is NOT and individual.

http://taft.law.uc.edu/CCL/34ActRls/rule13d-101.html

Meyer Luskin? Can you show me where in the filings Meyer Luskin bought shares?

JBI has tinkered with other companies patented processes and came up with their own version of a non-profitable pyrolysis machine. Catalysts, premelters, bags of shredded plastic, closed loop systems; nothing new. JBI will probably be sued for patent infringement next.

JBI is far from being commercially viable. Far.

The proof is old posts? Seriously? Talk about discredited bullcrap.

Blest has 60 units out their producing according to their website. How many does P2O machines have been deployed?

What's really odd is that the price was $3.35 a year ago. The Wells Notice wasn't announced by the company until July 21st (it was issued July 14th)and it had already fallen to $1.90 prior to the announcement!

I don't think the SEC case is why the price is falling.

The difference? JBI is an OTC Caveat Emptor money spending machine. E-N-ergy is not a public company.

E-N-ergy recently started marketing the Blest machines in the Americas under the trade name Evolucient Systems. Any permits would be under the owner's name. There are lots of companies doing pyrolysis. Maybe you could check with them. They have units in several countries and Japan has very strict pollution laws.

Blest had patents before JBI was even a company. And a premelt system. Who's copying who?

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=blest&OS=blest&RS=blest

Maybe P2o is buying Plastic 2 Oil machines from this distributor:

http://e-n-ergy.com/about-e-n-ergy/

1. Represents shares purchased from the Company in a private placement.
2. Member of 13(d) group owning more than 10%

When's the AGM? Any news?

$3.35 was the close 6/1/2011. Down 2 bucks YOY. Can anyone explain the tumble if everything is so gosh darn good?

Read the filing.

The 13D clearly shows affiliations for most of the pipe holders.

http://www.sec.gov/Archives/edgar/data/1381105/000119312512249260/d358848dsc13d.htm

Not sure why the list posted here doesn't quite match up.

That sounds like material information. Was it in a filing or PR?

So where did all the money go?

Untrue. This company press release from 10 days ago states Bordynuik will be the CTO - Chief Technology Officer. After it was pointed out on message boards that he would still be liable in the SEC case as an officer, his position changed to that of an employee - not an officer. CoT.

John Bordynuik to Become Chief of Technology ("CTO")

Signifying the transition of JBI from a start-up technology company to a rapidly growing environmental and industrial business, the company is significantly enhancing the senior management team with the hire of a new CEO (described below). As part of this transition, John will step into the position of Chief Technology Officer. In his new role as Chief of Technology, Mr. Bordynuik will continue to play a leading role in furthering the technological development of the P2O process and assist in the escalating commercial roll-out of the P2O processors, which he invented.

What other one's have fizzled away?

Why was the CFO gifted 400K shares? Filings haven't exactly been on time or clear of errors. Half a million dollars worth of stock? For what?


On the same day the Reporting Person also initiated the transfer of 400,000 shares to Matthew Ingham, the Issuer’s Chief Financial Officer. The transfers were gifts and no consideration was received by the Reporting Person in connection with the transactions.

In JB's garage? Maybe he bought them back for a dollar since they were written off? According to NASA, he still has tapes to read and since he's now just an employee - maybe he'll have the time.

Who did JBI sign the revenue sharing agreement with? RockTenn or one of their subsidiaries?

That article from January is about recycling facilities. JBI's agreement is about the mills and otherwise NON-RECYCLABLE materials. The agreement is with RockTenn CP, LLC.

RockTenn CP, LLC has applied to renew its current Solid Waste Disposal Permit for the RockTenn CP, LLC Landfill (Permit 36-06). RockTenn CP, LLC has also requested a variance from Rule 335-13-4.23(1)(a)1 requiring weekly cover and Rule 335-13-4-.27(3)(b)(1) requiring semi-annual groundwater monitoring for RockTenn CP, LLC Landfill. The waste stream for the RockTenn CP, LLC Landfill shall be non-putrescible and non-hazardous industrial waste including but not limited to wood waste boiler ash, wood bark and sand, plastics and fibers from recycle plant, paper mill sludge, paper scrap, carbon, black liquor solids, green liquor dregs, empty drums, and similar type wastes. The service area for the RockTenn CP, LLC Landfill shall be RockTenn CP, LLC located in Stevenson, Alabama. The maximum average daily volume of waste disposed at the RockTenn CP, LLC Landfill will be 400 cubic yards per day.

The RockTenn CP, LLC Landfill is described as being located in Sections 16, Township 2 South, Range 8 East in Jackson County, Alabama. The RockTenn CP, LLC Landfill facility consists of approximately 57 acres approved for disposal.

http://adem.alabama.gov/newsEvents/notices/may12/5rocktenn.htm

Seriously. How many RockTenn locations have landfills with plastic/raggertail? How many have enough non-recyclable plastic to support clusters of processors?

How many RKT locations have landfills? How many have enough plastic/raggertail to support 'clusters'?

The filing says 4000lbs/hr. They aren't permitted to run over 2000lbs/hr. Typo or obfuscation?

There is only speculation about how many people it takes to run 3 processors since JBI hasn't done that yet. What about the forklift operators loading up the plastic? Why does JBI have over 50 employees?

If JBI has processed 2 million pounds, where's the money?

It doesn't make any sense to me either.

10 million minus 130K paid to a director right off the top.

SUBSEQUENT EVENTS


In November 2010, a member of the Board of Directors entered into a short-term loan agreement with the Company in the amount of $30,000 (Note 7).

In February 2012, a member of the Board of Directors entered into a short-term loan agreement with the Company in the amount of $75,000 (Note 7).

Subsequent to the end of the quarter, in April 2012, a member of the Board of Directors entered into a short-term loan agreement with the Company in the amount of $25,000, the loan was to be used for working capital purposes (Note 17).


NOTE 17 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events occurring after the balance sheet and has identified the following:

As disclosed in Note 10, the Company settled with a dispute with a former employee who agreed to repay the Company $250,813 as settlement for the dispute. Subsequent to March 31, 2012, the Company received the first payment related to this settlement in the amount of $42,000.

In April 2012, a member of the Board of Directors entered into a short-term loan agreement with the Company in the amount of $25,000, the loan was to be used for working capital purposes.

In April 2012, the Company issued 129,309 shares of common stock that had previously been subscribed and the expense of such recorded in the Condensed Consolidated Statement of Operations for the period ended March 31, 2012.

http://www.sec.gov/Archives/edgar/data/1381105/000121390012002574/f10q0312_jbi.htm

Which director loaned JBI $130,000?

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$130,000 USD
X Estimate

Clarification of Response (if Necessary):
Represents amount paid in repayment of loans

http://sec.gov/Archives/edgar/data/1381105/000121390012002801/xslFormDX01/primary_doc.xml

How many RockTenn facilities would be appropriate for processors? There are only 14 containerboard mills.

Do you know why the new CEO left his previous position?

It's more than 50 employees according the the 10K. Spending on R&D over the past couple of years has been negligible. Taxes have been deferred. They constructed a pole barn and bought processors from China for a reported 80K. Over a million a month in expenses? That was the only positive in the filing. JB's budget was cut to 350K per month.....but only for Iroquois. Leaves a lot of room for other interpretations.