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Its a sludge trap design costing around 4mil and incurring massive down-time due to the sludge building up inside the chamber. An associate of mine put in some DD on it and coupled with his experience in a similar process stated about every couple of weeks (at the latest) would require an outage to clean out. Too much waste & down-time to be successful.
What would you surmise the force of a combined effort would yield? How much energy have you guys been expelling in all the DD and bantering? Add that to the undaunted prevailing truth and imagine the tsunami effect.
No pump Buckey - I am just bucking you guys because of me and the many others having to endure the most annoying and misleading opinionated posts of a certain company by any group of individuals that I have ever seen! Just ain't right. That's all I am trying to say to you.
looks like you guys are just sitting in a circle shagging and grinning? ~IMO
Its coming buddy - multi-spectrum. <- mow
Over here on the couch...wake me up @ 25!
I am thinking that the bonds would be a good investment as well. Coach posted a link about how to locate them on another board some time ago. Here it is if you want to try it - I haven't yet:
#msg-43766886
Wished that I could be there, but as fate would have it I will still be out-of-country. I am sure that there will be many great stories to tell from that weekend!
"It's definitely a win-win situation."
Gotta' love those "win-win situations"!
Should be a tanker or two rolling soon!
JBI, Inc.'s P20 Marine, Inc. & Rick Heddle's RWH Marine Consulting, Inc. Sign Principal Definitive Contract for a P2O Ship Development Agreement (SDA)
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) is pleased to announce that its wholly-owned subsidiary, P2O Marine, Inc., and Rick Heddle's RWH Marine Consulting, Inc. have signed a definitive contract for a P2O ship development Joint Venture.
The agreement states RWH will provide the use of their expert services and equipment to the Company. P20 Marine, Inc. will finance the acquisition and construction of P2O ships and the parties will share the net revenue from the operating ships. The agreement requires RWH to provide technical support and maintenance and requires P20 Marine, Inc. to provide P2O processors and P2O knowhow. Both parties have agreed that costs should be minimized so that the net revenue enjoyed by both companies is maximized.
RWH has dry docks, maintenance crews, and necessary machines, and will provide the technical know-how and retrofitting skills to effectively execute the JV plan. See http://heddlemarine.com.
CEO Bordynuik summarized, "I feel our P2O ships will clearly add an important element to our global expansion potential with our P20 technology. Not only will we receive international recognition for our environmental cleanup efforts and production of fuel, but our ships should open many doors for further P20 Joint Ventures. It's definitely a win-win situation."
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Javaco will operate and manage the Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid cleaner in a water soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves thousands of dollars in shipping. The user simply adds water to the container without measuring or cutting the Pak-It. Large retailers and many national Building Service Contractors already using the product have documented significant cost savings from shipping, training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from reading archived tapes (including microfiche) from clients such as NASA, (ii) income from the recently acquired JAVACO, Inc., (iii) income from the sale of Pak-It products, and a bulk chemical facility which we realized beginning October 1, 2009, and (iv) from the anticipated commencement of operations in the first quarter of 2010 with Plastic2Oil, a process and service that converts plastic to fuel oil. For more information, please see http://www.jbiglobal.com and http://www.javacoinc.com and http://www.pakit.com/.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, Inc., and members of its management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
JBI, Inc.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
James Parker
+1 (916) 990-3667
jparker@jbiglobal.com
(smirk) Well, I don't think that you will get that one...
It is whatever you wish it to be my friend.
You should be just about there then. Has it opened up your eyes about JBII yet? If not, then I must have been mistaken about my first sentence. GLTY
It is the kind of business that has the potential to take a 'shell' of a company and catapult it to a highly successful global entity! Nuff Said!
Hey....what kinda business is "rape-reading"...lol
There are 100's of loyal shareholders within this company that believe John is doing great things with our investment! And likewise, will continue to generate the interest of additional investors and institutions to share in the opportunity to be successful.
Appears to be an all encompassing sweep by DB to pick up anything LEHMAN that is available. Seems to go against the current market & media tide that LEHMAN is down for the count.
Could be hammer time! :)
Wow. The Perfect Storm...
Never seen them all packed like this before!
Thanks for the charts. They all looked pumped/primed to me in various shades of green!
Very nice seabreezing - thanks for the share! Things are moving at the speed of sound and soon to be the speed of light.
Seems a logical opinion to me. Thanks for the post!
Welcome to the Q! Land of the MMM playground.
Great post! Thanks for clarifying the honesty issue!
Are those Storm Clouds on the horizon??
Yes Sir, they are! Big, green & fluffy as well!
4-5 million would make a perfect Friday!
The same thing could be asked of the many naysayers...
no need for it, and it serves NO purpose except raise eyebrows.....so why do it????
The J's will probably reach $1 at least in the short-term to intermediate , ~ IMO. Full face is $25 and I I would expect it to reach very close to that that PPS before it is all said and done!
i feel the dramatic reveal of even more startling news could be on the horizon.
I believe that you are correct Brikk, the continuing news could very well bring this to a head even before the re-org plan is announced!
51% across my spectrum today - is that about what you all are seeing?
Bring your friends with ya Vinny - you're the man!
You did good! The CT's are the best to invest in. However, if you are into flipping , then look into the higher O/S one's.
-- i think that's called a "hedge"...
I will give ya a Boo-yah!
Did the same thing on the G's 2 days ago - printed a .35 for 100 shares - shameless hussies! (GRIN)
Not quite the full-blown - but getting there.
That would be considerably higher than the last one, but this could very well be the last one if timed with the release of the re-org plan.
I am showing last trade .11 (+71.8%)
6 figures here, 6 figures there...
[edit]
...oh wait...there is a 7 figure one - well wtf?
With the recent news, an intermediate of .5 seems realistic to me. ~IMO
I am seeing an average of 55% green across the board. Is this what everyone else is seeing?
Holding 7 varieties of the stuff!