Can JBI make gasoline from plastic and take it straight out of the processor? Non-diesel?

This should be in the 10Q for Q2.


Rawnoc Member Profile Rawnoc Member Level
Share Thursday, March 17, 2011 1:13:01 AM
Re: None Post # of 128762
JBII LANDS FUEL BUYER -- up to 144,000 gallons (or 3,429 barrels) per week.

"JBI is pleased to announce the signing of a letter of intent with a confidential party for the purchase of the naphtha produced from the Company's Plastic2Oil process. The term "naphtha" is used when fuel does not contain additives required for gasoline used as transportation fuel. This is very similar to the relationship between fuel oil #2 and diesel fuel. When road-use additives are not present, the petroleum product is referred to as fuel oil #2 and conversely, when road-use additives are present, the product is termed diesel. The confidential party named in the letter of intent has the capacity and interest to purchase up to approximately 144,000 gallons of naphtha per week, as it is available from JBI, Inc., at comparable market rates for such naphtha - rates that fluctuate similar to any other commodity. The Company and the confidential party expect to consummate their naphtha sale agreements in April 2011."
www.plastic2oil.com/news/2011-press-releases/20110316-jbi,-inc-shareholder-update-on-business-activities.aspx

Hints again at massive rollout with partnerS:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61043493

Are these some of the PR's? Did I miss any?

12/22/09 JV/LOI w/Heddle Marine
2/12/10 Principal Definitive Contract/Ship Development Agreement
2/12/10 Development Agreement Ohio P2O/AS PTO
2/12/10 JV/License Agreement AS PTO & ES Resources
2/12/10 Area Development Agreement (ADA) AS PTO/Al Sousa
3/16/11 LOI with a confidential party
5/9/11 Agreement OXY Vinyl
7/13/11 Agreement Coco Paving
7/29/11 Master Revenue Sharing Agreement RockTenn

Why don't you apply that logic to many of the former JBII pr's? What was the purpose of those misleading pr's, trolling for shareholders? There's so many things that have been proven false with time you'd be busy for quite some time...

Wonder why JBI didn't 8K or PR the 10 year contract with Chrysler?


2bigcats

Share Tuesday, July 12, 2011 9:25:15 AM Re: None

Post # of 128716

..........

Not if he has a 10 year contract with them. Why, just last week 28 tractor trailer loads of plastic arrived at the recycling plant.
Just think, the amount of plastic that is, from Chrysler. And it continues to come in daily.

Go to the recycling plant and listen to the grinding of plastic that eventually turns into fuel, which in turn creates cash
.
Music to the ears.

All releases are from a paid PR service.

http://www.smallbusinesspr.com/

Any real links to these announcements or were they a dream?

Monday. The 10Q is due out Monday.

OXY sale should be there.
Coco sale might be there.

Or they could just do a consolidated and not break out P2O. You know - combined revenue, combined expenses.

And you know it was approved by RockTenn how?

I haven't seen a PR from RockTenn. Have you?

Shows they don't follow through with signed agreements. Might make some companies a bit leery.

JBI has signed a lot of agreements. Anyone know the status of these?

12/22/09 JV/LOI w/Heddle Marine
2/12/10 Principal Definitive Contract/Ship Development Agreement
2/12/10 Development Agreement Ohio P2O/AS PTO
2/12/10 JV/License Agreement AS PTO & ES Resources
2/12/10 Area Development Agreement (ADA) AS PTO/Al Sousa
3/16/11 LOI with a confidential party
5/9/11 Agreement OXY Vinyl
7/13/11 Agreement Coco Paving
7/29/11 Master Revenue Sharing Agreement RockTenn

Settlement, not dismissal. Hmm. What's the normal settlement amount for cases like this?

Nice spin!

Companies have been doing this in print and media forever. What makes a smb any different?


Is it against the law (or sec or finra rules) for competing companies within an industry to attack each others credibility on smb?

Form 4 filed. BOD member SELLING golden shares.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011004174/0001213900-11-004174-index.htm

So it DOES take more than two to run the processors?


JBI CREATES 100's OF NEW JOBS IN DOWN ECONOMY, quite a headline coming soon.

Cause they FIRED all of the employees in Chicago & St. Louis and moved those operations to Georgia.

WOW, the volume and price since the PR has been amazing!! To da Moon!

This is the PR firm's website. Entertainment based? JB going to do a song & dance?

http://www.bwr-pr.com/info.php?file=company_text.htm&key=overview&nav=_navco.xml

Volatility in refined product margins could materially affect our Plastic2Oil business and operating results

Plastic2Oil operating results will be dependent to a large extent upon the relationship for what we pay for plastic feedstock and the prices at which we are able to sell our end products. Volatility in the pricing of feedstock as well as the supply and demand for commodities could have a significant impact on this relationship.

10


Our inability to obtain adequate supplies of plastic feedstock could affect our business and future operating results in a materially adverse way.

We will meet our plastic supply through purchases and agreements with third party suppliers. It is possible that an adequate supply of plastic feedstock may not be available to our processors to meet daily processing requirements.

http://www.sec.gov/Archives/edgar/data/1381105/000121390010001230/f10k2009_jbi.htm

It's in the earlier filings. You can find them here. http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001381105&owner=include&count=40

Refining capabilities are a part of the Agilyx system. They opt to send it to the refinery at this time. It's on their website. They could easily place processors at WM facilities

JBI's plan originally was to purchase the plastic and send the resulting fuel to a refinery as well. It's in the filings.

As to WM paying for processors - RKT isn't paying for processors.

Doesn't help. They'll probably file a Q/A or two over the next year.

JBI had no "deal" with RockTenn, rather a "referral agreement" with Smurfit.

Things change and IMO, they will. WM will most likely install Agilyx processors at some of their sites. Maybe even Niagara.

But it will show revenues right?

Thank you for checking. Can one state they have a patent (not a patent pending, not a patent application) if they don't?

How could the stickies have been changed on an unadoptable board?

How many more of the 150,000,000 authorized shares should they issue if dilution isn't an issue? Should they double the amount of shares available?

I don't think dilution is an issue at all, JBI has a ridiculously low share count for a company that has already completed their R&D phase.

Last week:
August 5, 2011:
OS: 67,621,327
Restricted: 32,242,528
(Float: 35,378,799)

From the JBI website:
How many shares are outstanding?

As of April 1, 2011, there were 54,611,184 shares of JBI issued and outstanding, with 21,265,943 of those shares restricted, leaving a freely trading float of 33,345,241.

As of June 17, 2011, there were 55,384,840 shares of JBI issued and outstanding, with 20,789,374 of those shares restricted, leaving a freely trading float of 34,595,466.

Did you ask RockTenn management about the JBI lawsuits?


RockTenn did know about them and don't care! i specifically asked that question to jbi management.

Dilution is happening. 10 million added to the O/S.

August 5, 2011:
OS: 67,621,327
Restricted: 32,242,528
(Float: 35,378,799)

July 15, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)

Pacific Stock Transfer Co.

Transfer Agent
4045 South Spencer St., Suite 403
Las Vegas, NV, 89119
702-361-3033
http://www.pacificstocktransfer.com
info@pacificstocktransfer.com

RockTenn didn't know about the lawsuits against JBI. The agreement was signed before they were filed. The class action lawsuits started being discussed the same day the agreement was signed.

A patent expert should be able to help find this. The filing clearly states JBI HAS A PATENT related to the data business. Not patent application, not patent pending. Can you find it patent expert secretary?

From my post:

......... JBI has a patent related to its Data Business, for the recovery of tape information. .....

Having a patent is not the same as patent pending. If JBI has a patent as stated below, it should be available on CIPO or USPTO.

Does JBI have this patent as they claimed in the filing with the SEC? Prior filings clearly state the patents Pak-It uses as well as John Bordynuik's dirty bomb patent. These are easily found searching USPTO.

From the most recent 10-K/A Page 15

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003733/f10k2010a1_jbi.htm
Licenses, Patents and Trademarks

......... JBI has a patent related to its Data Business, for the recovery of tape information. .....


Quote:Does JBI have this patent as they claimed in the filing with the SEC? Prior filings clearly state the patents Pak-It uses as well as John Bordynuik's dirty bomb patent. These are easily found searching USPTO.

If JBII filed a patent application within the past 18 months for P2O, then it will not be available on USPTO PAIR. I should know. I've been a patent secretary for 10+ years and am acutely familiar with PAIR.

At the 18 month point, provided JBII did not file a Request for Nonpublication, it will publish and be available on PAIR.

Yep found it. $10/barrel. If you buy the white ones.

Price: $10

55-gallon plastic barrels. White $10.00 each, blue $15.00 each. Please call xxx-xxx-xxxx.
Location: Lemoore

State: California City: Fresno Category: Garden & House
Garden & House in California for sale
Seller: Date/Time:08 Jul, 10:13 p.m. EST Type: Garden & House, For Sale - Private

Where is the data to support the $10.00 per barrel cost stated on this board so frequently?

Does it come from earlier filings that stated JBI would purchase the plastic? Does it come from earlier calculations on this board of labor costs? Did JB state it at the AGM in 2010 prior to making many changes to the processor?

Just asking what is included in the $10.00.

Having a patent is not the same as patent pending. If JBI has a patent as stated below, it should be available on CIPO or USPTO.

Does JBI have this patent as they claimed in the filing with the SEC? Prior filings clearly state the patents Pak-It uses as well as John Bordynuik's dirty bomb patent. These are easily found searching USPTO.

From the most recent 10-K/A Page 15

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003733/f10k2010a1_jbi.htm
Licenses, Patents and Trademarks

Pak-It uses patented technology to deliver liquid cleaner in a water-soluble sachet. The products are fully biodegradable and much easier to ship than bulky liquid products. The user simply adds water to the container without measuring or cutting the Pak-It. JBI has a patent related to its Data Business, for the recovery of tape information. Also, JBI is in the process of filing 5 separate patents for its Plastic2Oil Processor.

From page 59 of the same 10-K/A
Mr. Bordynuik has patents pending under JBI to protect technologies that he has developed to recover data from old media.

That's not the patent they are claiming in the 10K.

The patent pending is another issue.

Licenses, Patents and Trademarks

Pak-It uses patented technology to deliver liquid cleaner in a water-soluble sachet. The products are fully biodegradable and much easier to ship than bulky liquid products. The user simply adds water to the container without measuring or cutting the Pak-It. JBI has a patent related to its Data Business, for the recovery of tape information. Also, JBI is in the process of filing 5 separate patents for its Plastic2Oil Processor.


http://www.sec.gov/Archives/edgar/data/1381105/000121390011003733/f10k2010a1_jbi.htm

Having the same problem. Cleared the ADVFN files and still can't see trades. This has been since the recent update to ihub.

Prove the cost is 10/barrel

The USPTO website has no such patent listed. A search of CIPO has no patent listed. Search terms: JBI, John Bordynuik, Bordynuik.

JBI has a patent related to its Data Business, for the recovery of tape information.

If someone can find this, please post the link. If not - is it a blatant lie in the 10K/A?