is still alive and kicking.....Happy 2018!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
so, we had someone reveal today that they saw this happen, presumably during the "Superbowl" visit in early 2011....
you say that you saw it occur in 2012....
maybe it's just "bad luck" that it happened during the small % of time that people were visiting, vs all the time that there are not outsiders present.......
today, it's revealed it happened at least once in 2013.....maybe twice, depending on what one believes, with the conflicts in the IR communication vs the CC about the time the processor went down....
how many other times has this happened????....none????...only the 3 times that it just now happened to be reported????.....year(s) after the fact for some of the cases???
PS: it does not seem that all the cases coincide with Bogolin's tenure, the claimed former excuse for wet feedstock getting into the mix....
one more thing on the "to do list", I guess:
http://www.enviroequipment.com/remediation_rental/oil-water-separator_rental.html
why is the cause "unknown" when we had an IR communication posted here today that said it was from water that separated out of HTF?????
didn't they say what caused it????....water separated out of HTF was stated in the IR response posted today......
(which we can then make the logical leap that it flashed into steam, most likely)
of course, but I think the issue is just how robust is a process that can't handle some water??? (a common substance here on planet earth, and probably in things like buried "monofills").....recall that once upon a time, it was touted how these could be put on ships!!!!
also of note is that now HTF is a possible source of water entering if they aren't careful......HTF is yet another variable:
we did have a pressure release when separated water from some HTF was introduced into the system
it seems that Bogolin wasn't the only one letting water into the processor.....
Post and Pre Bogo:
The only thing that's really accurate is exactly what the DEC said - we
did have a pressure release when separated water from some HTF was
introduced into the system.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95094602
one of them burst when i was there years ago….it's nothing new much less dramatic.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95095637
I guess the P20 ships would have had a large supply of pressure discs on board, as they trawled the oceans for soggy feedstock.....
shame that one never panned out.....who would have thunk it????
I would not be surprised to see it go (back to) sub-penny fairly quickly.....
wash and repeat.....
Patriot was a draw for me, sold at .27 after the collapse, which had taken my profits back.....I would have been way in the clear if they had waited to announce until after the market closed on that Friday, when my buy limit order would have expired!!!!...missed it by less than 30 minutes, but that's the markets.....timing, timing, timing....
PS: hope the management here gets a lump of coal for Christmas!!!!
R.I.P. PCXCQ......
84.50, another new high!!!!....selling a few for now, but still have plenty for the ride to 100....
no worries, just those nefarious PROS once again......
*resets* r possible.....
Citi upgrades WDC target to 100......new high again....
it's kind of obvious, with storage needs growing exponentially, not to mention the trend of BIG DATA.....
PS: also, the NSA needs to store all of it's Big Brother stuff!!!!!
http://blogs.barrons.com/techtraderdaily/2013/12/13/seagate-western-raised-to-buy-at-citi-on-pc-rebound/?mod=yahoobarrons&ru=yahoo
it makes little sense that everything comes to a halt (in a process that takes some time to start and start), due to the relatively small additional costs of trucking fuel to their OWN blending facility!!!!!
isn't that the purpose it was acquired for, and why they spent all that money fixing it up????
seriously, how much does it cost to ship fuel to their own facility, vs stopping production of this valuable product???
remember the good old days, when the location of the blending facility was touted here as no biggie, being like 20 minutes away??? (or whatever)
for all the money they have spent, they could have bought a few tanker trucks for a couple hundred grand, if that's what it takes.....for want of a nail, the kingdom falls yet again???
As a company, we also want to avoid driving up additional cost of goods by shipping our fuel to the blending site for storage
why the issues selling this "spec fuel"????....is it not a commodity, like any other fuel????
lol, customers wanting too much is a problem????....what other fuel Co has such issues????
However, many of our fuel buying customers are on their own set production schedules.
the below sounds very lame, IMO:
Fuel Output Issues:
With Processor 3 coming online and fuel production increasing to all-time highs for the Company, we encountered growing pains in our logistics department, loading/unloading, and customer demand issues. On more than one occasion in Q3 and Q4, we had to idle Processor 3 because our fuel tanks were filled quickly. When processor 2 and 3 run at our plant simultaneously, our tanks fill very quickly. On some occasions we could not book trucks on short notice and sometimes we’ve had to send fuel to our blending site for temporary storage. The reason for this is that our customers have a very specific amount of fuel they consume every week. They schedule their fuel purchases weeks, and in some cases months, in advance. Our large customers will off-set fuel from other sources if given enough notice in advance. At the same time, we would have to be absolutely certain we would have the fuel in stock to service them as (if they are displacing fuel from other sources). With Processors 2 & 3 running, we produced 45,000 gallons of fuel very quickly. However, many of our fuel buying customers are on their own set production schedules. As a company, we also want to avoid driving up additional cost of goods by shipping our fuel to the blending site for storage. We have worked to resolve this problem by going through acceptance procedures with bulk fuel distributors who can handle surges or excess fuel production. This process becomes less and less problematic as we produce large volumes of fuel more consistently. Our end customers appreciate and reward consistent, on time delivers, of the specific fuels they require. We have come a long way by contracting multiple trucking companies and more customers.
wow, it's looking terrible......sea o' sellers, despite that almighty CMF index.....
supply and demand: seems a hard item to beat, whatever tenuous TA and/or *CONspiracies* are conjured up.....single digits getting hit leading up to the AGM looks very possible......
what a long strange trip it's been......
an offer for "going dark"?????.....that's not the same as going private.....
who is going to offer the money to go private???
(@ PPS .30 it's $30M, give or take)
http://www.andrewskurth.com/pressroom-publications-126.html
amazing that it now needs more than a triple to get back to the ridiculed "fiddy cent"......
I guess the *uplisting x2* is on hold for a bit longer......
it seems a bit strange that JB and Co used to brag about the numerous sensors bristling the process, and all the data they collected automatically via PLC in real-time for feedback control and data logging.....
vs: we don't need no stinkin' flowmeters.....
"wet plastic" wayback machine:
from: John Bordynuik on Facebook Grouped by Topic
(source: a long who used the juice in his lawnmower, back in 2010)
Judith Question - In order to convert the plastic from the PGP - do you have to dry it out somewhat to avoid problems during the process?
March 12 at 7:39pm
John Bordynuik Well, water entering the reactor would cause it to use more energy. We will know more when we are there. The trip is to gather information and test what we have. We know some of the variables so I am planning for a productive trip.
March 13 at 2:16pm
The PACIFIC Garbage Patch
John Bordynuik I had a cc with Rick Heddle , Moneyhan, Scott (p2o) at noon about marine P2O and I have an idea... A well known non profit would like to charter a ship and our captain to go to the PACIFIC garbage patch with a documentary crew and collect large samples of plastic for research. We would bring a P2O processor and analysis equipment to test. They are fully financed so there is no cost to the us (at this time). We are focused on P2O (for profit) but situations like this clearly benefit the company, shareholders and the environment. Would you have time to create a t-shirt for the PGP and our work collectively (non profit & us)? I see it as a way for them to raise more capital and create awareness.
March 11 at 3:12pm
John Bordynuik It's no problem in working this out.. it's just with who and when. Rick Heddle is firmly committed and so is Mike. We want to time our efforts in the PGP in such a way to maximize success with the right 3rd parties.
March 11 at 3:39pm
John Bordynuik We are well aware of many patches. Mike Moneyhan has sailed through a few of them in the Caribbean. The PACIFIC garbage patch offers plastic as deep as 20-30' and it is growing. I wish to emphasize that P2O ships are for supporting International P2O conversion and trade, not the garbage patch. A separate ship would be retrofitted for the garbage patch due to feedstock acquisition (ie: shredded and loaded from a port vs. a mix of junk of varying sizes with salt water from the ocean).
March 12 at 8:53am
Judith Question - In order to convert the plastic from the PGP - do you have to dry it out somewhat to avoid problems during the process?
March 12 at 7:39pm
John Bordynuik Well, water entering the reactor would cause it to use more energy. We will know more when we are there. The trip is to gather information and test what we have. We know some of the variables so I am planning for a productive trip.
March 13 at 2:16pm
World Chess Championship 2013, a decent summary:
We're About To Have Our First Post-Modern Chess Champion
This is our new era of post-modern chess. It's not about uncorking crazy, romantic brilliancies. And it's not about achieving crushing, positional victories. It's about being as cool as a computer while your opponent does things that are, well, human.
http://www.seattlepi.com/technology/businessinsider/article/We-re-About-To-Have-Our-First-Post-Modern-Chess-4998898.php
total myth, there are many examples of penny stocks (and big board stocks also) where people lost big, despite never having "sold"......
I hope the various scenarios of how this can happen do not need detailed explanation, since they are fairly obvious.....
so true but still you havent lost till you sold
breaking news: Magnus Carlsen wins World Chess Championship in decisive tournament, he did not lose a singe game:
Final score 6.5 Carlsen, 3.5 Anand
(Carlsen wins 3 games, and draws 7, zero losses).
Game 11 not even needed!!!!!
http://www.chess.com/news/breaking-magnus-carlsen-16th-undisputed-world-champion-of-chess-1065
that is the most idiotic thing I have ever heard for a proclaimed R&D setup......
no flow meters is bad enough, but mixing all output anonymously into one big happy tank????....
not exactly a Six Sigma operation there, is it???
WCC: Carlsen leads with score 5-3
about a year ago, CFP was imminent.....then I guess some plastic got wet or something?????
2014, here we come.....
October 1 of what year?????
He was set up. A&J has been involved in many of those deals. Apparently their name has too much of a stench now because the partnership broke up October 1.
April 6, 2011
Very truly yours,
ANSLOW & JACLIN, LLP
By: /s/ Gary S. Eaton
Gary S. Eaton
sec.gov
http://www.sec.gov/Archives/edgar/data/1381105/000121390011001828/filename1.htm
Re:
JBI, Inc.
Form 10-K for the Year Ended December 31, 2009
Filed March 31, 2010
Amendment No. 1 to Form 10-Q for the Period Ended Sept. 30, 2009
Amendment No. 1 to Form 10-K for the Period Ended Dec. 31, 2009
Form 8-K/A filed December 16, 2010
File No. 000-52444
PS:
http://www.secinfo.com/d151E3.q3M1.htm?Find=Jaclin&Line=139#Line139
Jbi/Inc · 8-K · For 7/20/11
Gregg E. Jaclin, Esq.
Anslow + Jaclin, LLP
195 Route 9 South, Suite 204
Manalapan, New Jersey 07726
(732) 409-1212
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites,
and Will Apply for ASE Listing
NIAGARA FALLS, Ontario, Dec 22, 2009 (GlobeNewswire via COMTEX) -- JBI, Inc. (the
"Company") (JBII) is pleased to announce that December, 2009, has been a month of
intense activity and very positive productive progress. The Company and Rick
Heddle have agreed to a Joint Venture whereby Heddle Marine Service, Inc. will
retrofit ships with P2O processors. The Company is now finalizing a JV Agreement
for production of its first P2O ship with Heddle. JBI anticipates contracting
with various countries to convert their plastic waste into oil.
The launch of P2O in early 2010 will be an exciting and important harbinger for
job creation, environmental clean-up, and oil production. Plastic waste is a huge
global problem, contributing heavily to landfill expansion and ocean pollution.
The Company has a goal of initially establishing 2500 P2O sites with
municipalities/interested parties and launching P2O ships for various countries'
plastic waste retrieval and energy production.
Converting plastic to oil has previously been attempted unsuccessfully by other
companies as it was not economically feasible. However, the Company's research
discovered a unique catalyst that is now proprietary to P2O, as it greatly
enhances the efficient and economical conversion of plastic waste to oil,
allowing for a 99% recovery rate compared to 45% +/- for competing systems. In
essence, the catalyst greatly expedites the cracking of the plastic and allows
the Company to select on a tight curve the particular hydrocarbon to produce.
Competing methods require much higher heat, considerable energy cost,
prohibitively expensive residue disposal, and result in poorer conversion. There
is a negative energy cost to operate a P2O processor, since 15% of feedstock
weight is converted to gas to run the system. The P2O processor is not a
"perpetual machine", 15% of its feedstock is consumed to provide gas to power the
processor.
Heddle Marine Service Inc., established in 1987, is the only marine repair firm
that operates floating dry-docks on the Canadian side of the Great Lakes. Located
on land leased from the Hamilton Port Authority, the site has 160,000 square feet
of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of
fabrication shop and 5,000 square feet of machine shop.
This continually expanding, successful company, with 20+ years of expertise in
rebuilding ships, converting tanks to cargo and cargo to tankers, will be a
valuable and important partner in helping JBI to achieve its eventual goal of
attaining a fleet of P2O ships to address global demand for their service. For
further information, visit http://www.heddlemarine.com/
Also, JBI has signed a Letter of Intent for the establishment of an Area
Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly
formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the
public and private sectors and has been involved in a wide variety of matters
including operational management of multiple entities including acquisitions,
marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a
start-up venture with multiple business units and annualized revenues nearly $150
million. His division had seven business segments in sixteen states with
approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
The Company expects that Mr. Sousa's company will begin to quickly cultivate
supply chains and sites for the installation of P2O sites throughout Florida
concentrating first on large metropolitan areas and expanding outwards. The
"Green" aspects of the P2O process is expected to solve huge problems in the area
of plastic waste disposal as well as generate much needed oil for commercial use.
Public-Private partnerships are expected and local, state and Federal credits are
available for rapid deployment and cost effective development.
An independent lab investigation of JBI's P2O technology revealed the following
information: Samples of fuels were created from various plastic feedstocks and
were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm
(parts per million). Additionally, the water and sediment tests (ASTM D 1796)
confirm that its fuel contained less than 0.005% water and sediment. Density
tests also placed the fuel in the gasoline range.
P2O produces oil at less than $10 per barrel. In the United States, refineries
have indicated that they will pick up the fuel at the price of WTI (West Texas
Intermediate) price less $3, currently around $70 per barrel.
JBI's Pak-It division is being positioned for anticipated dynamic revenue growth
in 2010. The Pak-It factory in Philadelphia is being completely upgraded to
handle high volume retail production for their eco-friendly line of cleaning
products. An experienced 5-person national sales force is being hired in January.
JBI is in current discussions with a very large, established company that has had
great success marketing their consumer cleaning products via television
infomercials. This company has indicated a desire to partner with Pak-It in an
infomercial marketing campaign. However, if an agreement is not formalized with
this potential partner, Pak-It will proceed on its own to have infomercials
produced and begin a massive marketing campaign.
Successful infomercials have proven to be a very effective method to rapidly
attain major consumer awareness and often generate a significant increase in
sales revenue. The patented, cost-effective Pak-It product line clearly appears
to have all the attributes for a successful infomercial launch.
JBI will soon establish a Board of Directors consisting of key talent within the
Company, including the CEO, and on their Advisory Board, as well as some
dedicated open market shareholders to adequately represent our anticipated large
shareholder base. Unlike many other BOD's, the Company wants to have a proactive
Board that is committed and focused on the continued future growth of the Company
for the benefit of all shareholders.
Additionally, the JBI websites are currently being redesigned by a group of
loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the
Company's achievements and unique technologies. On-site videos will provide the
world with a clear view and understanding of the Company's important
technologies.
John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first
week in January to meet with exchange officials and begin the application process
to up-list JBI on the American Stock Exchange. Furthermore, at the end of
January, Mr. Bordynuik will be traveling to China to meet with P2O processor
manufacturers, and establish production requirements and volume agreements. The
Company has previously been advised that its Chinese manufacturer could produce
one P2O processor every day, with a 15-day lead time for each batch.
Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9
million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as
of that date, total outstanding common shares will remain at 46,725,106.
John Bordynuik commented, "All of JBI's dedicated team members have been working
long hours and very hard to ensure an extremely successful future for our
Company. I am most appreciative of all the loyal supporters who have stepped up
and committed their valuable time and efforts to our shared vision of growing JBI
into an extraordinary, successful company and maximizing share valuation. I wish
everyone a most joyous holiday season and a very prosperous New Year."
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 bulk chemical facility which we realize 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,
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 and 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.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: JBI, Inc.
CONTACT:JBI, Inc.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
Katie Matkowski
Katie@johnbordynuik.com
+1 (289) 296-5538
(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.
yeah, illiquid assets are just great......an energy stock I was trading last year (BIG BOARD) had book $500M, a value over the PPS, but still filed a B/K at 3:30 PM on a Friday, very neato...
(I had been out, but my limit to get back in for "cheapies" was filled before I could even react during the freefall)
now they are wiping out all the old common shareholders, and issuing new shares for that equity!!!!!.....so it was meaningless to those who believed in book asset worth of the Co....
good news is, I guess a pink sheet like JBII would not bother to try reissuing new commons if it went B/K, much simpler to wipe old shareholders' stake in any equity via R/S or huge future dilution...
just some things to keep in mind about not having liquid assets, or cash to pay business expenses....
oh, and BTW, if you trust a Co that had the balls to do that $10M media credit stunt, more power to their valuation of current assets in that junkyard of theirs....
source: previously posted by a person who ran the juice in their lawnmower
PS: easy to google this, you're welcome.......
2010
PS: As always, no heads up - shareholders win - traders lose.
January 24 at 9:47pm
John Bordynuik on Facebook Grouped by Topic
Protecting Shareholders
John Bordynuik Hi Tom. I always accept hard questions. I don't mind receiving them from shareholders and I have thick skin. We don't follow the norm but our BP is working. It is very challenging rapidly growing a public company. Many people have advised me they have their life savings in this company and I am responsible for that investment. I take my job very seriously and so does our staff. They are shareholders too. Don't be afraid to ask hard questions. I may not be able to answer them if it's probing for an answer to something not already in the public domain. I hope I answered your question.
10 hours ago
March 24
JBII is Debt Free
John Bordynuik JBI - Debt Free - Javaco & PakIt Debt, LOC's, L/C, and all loans paid in full. News crossed the wire.
globenewswire.com
JBI, Inc. is Debt-Free (OTCBB:JBII)
www.globenewswire.com
NIAGARA FALLS, Ontario, Jan. 6, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII) announces that the Company has paid all corporate debt, including accrued interest prior to its December 31, 2009, year-end in furtherance of its growth strategies. ...
January 6 at 9:31am
The AGM (Shareholders Meeting) on March 24, 2010
We just started. Wait till you see the P2O site -- bring your calculator and a chemist (if you like). As always, no heads up - shareholders win - traders lose.
January 24 at 9:47pm
John Bordynuik JBII: We are scheduling tours of the P2O factory on Sunday April 25, 2010. We will not be scheduling tours of the fuel and blending site because it is approx. 30 minutes away from the P2O factory and it will take about 3 months to get permits to install P2O processors. Any shareholders wishing to tour the blending & distribution site can arrange to do so this summer when we have machines installed there.
March 8 at 8:18pm
Africa Conference
John Bordynuik Incredible day at the conference. Many government officials are here (Congo, Nigeria, Angola, Egypt, Ecuador, Gabon, etc… . I will now be presenting Data Migration and P2O – not limited to 15 minutes. A reporter interviewed me today for P2O -- the focus of the story is to reduce the plastic garbage problem in Africa.
Yesterday at 11:25am
John Bordynuik They advised me that they had not found a viable plastic to oil solution. I was advised that plastic is a massive problem and there has been no solution to date. Marine P2O appears to be the best way to best service them.
Yesterday at 11:26am
Plastic to be Targeted by JBII
John Bordynuik Well, less than 10% of all plastic in the US is recycled. The EPA states: "While overall recovery of plastics for recycling is relatively small—2.1 million tons, or 6.8 percent of plastics generation in 2008" so we have a lot of plastic available.http://www.epa.gov/osw/conserve/materials/plastics.htm
March 15 at 2:24pm
John Bordynuik Jon: We are limiting junk going into the processor so that it needs fewer cleanout cycles. We will be receiving plastic and I have received bails from several sources and it is plastic without junk.
March 15 at 9:13am
John Bordynuik The industrial stream is much larger. We have no lack of plastic. It comes down to permitting, building, site plans, We will be processing the low hanging fruit first as there is so much of it.
March 15 at 9:43am
John Bordynuik Lockup of plastic is simple: pay me less for 10 years or continue to pay $80/ton and continue to lose money and you're not green. Very simple. As no one else can convert it, I will not allow a market to be created.
December 13, 2009 at 9:10pm
Quality of the Fuel Produced by the JBII Processor
John Bordynuik JBII: Answers to a few questions: 1) Our fuel can be sold to a refinery. We looked into that last year and I expect many of the JV's will go this route at first. See below for more detail (we need a FAQ) 2) The fuel blending site does NOT need any clean up. I`ll try to set up a small fuel FAQ in notes this week.
March 14 at 11:36pm
Plastic to Oil Conversion Rates
Jeff Good. Leaves me looking for the industrial waste stream flow rate... Always good to have more homework. Also raises a new question. I read this as 15 million tons of stuff go into the processor and XX% of it is plastic. A conversion rate (pints per pound or liters per kilo) is then XX * YY where I have assumed YY is 75% in my conservative markdown of the guidance given. Is this how I should read that?
March 15 at 8:40am
John Bordynuik Jeff (assumed YY is 75%): That is very conservative. On the last run we got 90.47% fuel (derived from industrial plastics).
March 15 at 9:11am
John Bordynuik Jeff: (your first message). 1) A reasonable plastic estimate for industrial and municipal plastic waste is that 70,000 people create enough plastic to support one processor. 2) Your math does not look right. We will not saturate at 1000 processors. Even 2500 JV's won't make much of a dent in it. Processors will process 20 tons/day (conservative). We cut this in half for our internal use. There will be two processors per site. So conservatively, with one processor running (implying one out of two) we will do 109 barrels/day/site.
March 15 at 9:24am
Jeff John, OK. I had assumed 6 2 hour cycles a day at 15 tons per cycle. Obviously some shareholders string together all of the "best case" comments and build unrealistic expectations. At 20 tons/day just the MWS 30 million tons a year support a fraction of 8200 machines at saturation. I assume industrial stream is larger?
March 15 at 9:39am
John Bordynuik Jeff ( all of the "best case" ) -- I don't think so. At 40,000 barrels/year per processor being conservative... the numbers are quite staggering. That is why we are "all in" with P2O.
March 15 at 9:47am
John Bordynuik Well, in a perfect world we'd have a half dozen P2O processors permitted at our blending site so that we can make fuels for direct customer sales. I am excited about this site because it was not simply used just for distribution. It was used to blend gasoline and many other fuels and has a lab to self test and certify the fuel. Timing of full operation this site will depend on how quickly we can obtain permits to install P2O processors.
March 8 at 10:55pm
Aaron John~You said 40k barrels/year/processor, and that each processor should produce 109 barrels/day. Does this mean each processor should run everyday?
If I were to make some guesstimates, do you a problem in these next calculations?
40,000 barrels/year/processor...
80,000 barrels/year/site
Based on $73 WTI, receiving $70 from refineries, and cost to produce is $10.
Wholly Owned Sites:
$4,800,000 Gross
$3,120,000 After taxes(35%)
90/10 JV Sites:
$4,320,000 Gross
$2,808,000 After taxes
65/35 JV Sites:
$3,120,000 Gross
$2,028,00 After taxes
March 16 at 12:23am
John Bordynuik Hello Aaron, We use 1 processor operating to be conservative. If both processors aren't running then the JV and JBII will be very unhappy. Cleanout and maintenance is minimal -- it is a continuous processor. For cleanout the reactor will reverse (which will cause anything in the reactor to leave into a separate tank) and then continue processing with no cool down.
March 17 at 4:31pm
Uplisting to a Larger Exchange
John Bordynuik Answers to uplist: We meet the quantitative requirements to list on both the NASDAQ and AMEX and we are proceeding with the application process. Part of the process is the Senior Exchanges will do qualitative checks on the company: BOD backgrounds, audit committees, etc.. And yes, the NASDAQ contacted me.
January 22 at 12:45pm
John Bordynuik On Friday I was contacted by the Managing Director of the NASDAQ to list. I advised them that I was meeting with the AMEX to seek an accelerated listing. I advised both exchanges that our company does not belong on the OTC and needs to list on a major exchange soon to facilitate larger transactions for P2O. I am partial to the AMEX because we chose a single specialist and it appears to be less volatile.
January 10 at 5:29pm
The Pacific Garbage Patch
John Bordynuik I had a cc with Rick Heddle , Moneyhan, Scott (p2o) at noon about marine P2O and I have an idea... A well known non profit would like to charter a ship and our captain to go to the pacific garbage patch with a documentary crew and collect large samples of plastic for research. We would bring a P2O processor and analysis equipment to test. They are fully financed so there is no cost to the us (at this time). We are focused on P2O (for profit) but situations like this clearly benefit the company, shareholders and the environment. Would you have time to create a t-shirt for the PGP and our work collectively (non profit & us)? I see it as a way for them to raise more capital and create awareness.
March 11 at 3:12pm
John Bordynuik It's no problem in working this out.. it's just with who and when. Rick Heddle is firmly committed and so is Mike. We want to time our efforts in the PGP in such a way to maximize success with the right 3rd parties.
March 11 at 3:39pm
John Bordynuik We are well aware of many patches. Mike Moneyhan has sailed through a few of them in the Caribbean. The Pacific garbage patch offers plastic as deep as 20-30' and it is growing. I wish to emphasize that P2O ships are for supporting International P2O conversion and trade, not the garbage patch. A separate ship would be retrofitted for the garbage patch due to feedstock acquisition (ie: shredded and loaded from a port vs. a mix of junk of varying sizes with salt water from the ocean).
March 12 at 8:53am
Judith Question - In order to convert the plastic from the PGP - do you have to dry it out somewhat to avoid problems during the process?
March 12 at 7:39pm
John Bordynuik Well, water entering the reactor would cause it to use more energy. We will know more when we are there. The trip is to gather information and test what we have. We know some of the variables so I am planning for a productive trip.
March 13 at 2:16pm
Share Structure
John Bordynuik
JBII: 9 months in review: On April 23, 2009, The company had 63.7M issued shares, no revenue, no cash, no assets, and no operations. Today the company has 46M issued and outstanding shares, $3.7M in cash, significant revenues and growing, several operating wholly owned subsidiaries and is fully financed for P2O. All debt-free.
January 24 at 9:42pm • Comment • Like
21 people like this.
John Bordynuik You're witnessing something rare: a company's stock trading without a biased analyst BS'ing you and no stock promoters taking advantage of thousands of people. The company has no free trading shares to sell - its up to our shareholders to spread the word. Our trading pattern isn't odd.. it's what the market would look like without promoters, paid analysts or funds selling their stock to a song and dance.
December 1, 2009 at 12:45pm
Investment in JBII by Funds and Other Financing Questions
John Bordynuik I have been approached to allow funds to equity invest in large blocks ($100M+) to roll out sites (stock price must be significantly higher). They like this because all revenue stays within company, we like it because of above. Massive land rush would require $2.5B of fund equity, all agree this must be a massive concurrent implementation.
December 13, 2009 at 9:04pm
Promoting JBII to Investors
John Bordynuik I certainly want to clear the air about one question. We did not and DO NOT hire stock promoters. Our stock now has the interest and investment from institutional funds, not retail. That is where this activity is coming from. No stock promoters, just good old fashioned Funds. They couldn't get in before and now we control our business model unlike most other public companies.
December 10, 2009 at 5:54p
Questions About the PIPE
John Bordynuik As you can see from the Form D and the 8k filed that we successfully completed a PIPE raise with a full payout of debt and we have in excess of $3.7M in cash to fullfill our business plan. There was such a demand for the PIPE that some of the debt was converted by a Fund outside the PIPE. This allowed us to have extra cash to grow the business faster.
January 22 at 3:31pm
John Bordynuik Qustions coming in: In the US, a maximum of 35 non accredited investors are allowed to invest in a Reg 506D private placement. This applies only to US citizens. Investors who are not US citizens, living outside the US, do not fall under 506D limitations. Last week Bank of Montreal's compliance dept. allowed their IA's to participate in the stock.
December 20, 2009 at 11:51pm • Comment • Like
Steve Melakathu approx how many shares have been issued for reg 506d and how much money was raised thus far
December 21, 2009 at 12:11am
John Bordynuik I am not allowed to comment on the PIPE. I can state (as stated in the PR) that shareholders have not been diluted as a result of financing. As well, I am not allowed to change the price of stock once it is drafted and distributed in a private placement memorandum
December 21, 2009 at 12:14am
John Bordynuik While I can't comment on it, I will never deal with a PP again. A lot of time and energy (even amongst family). I am happy that we did not have VC or AI in the stock so friends and business could participate. Institutions/Funds only in the future now.
December 21, 2009 at 12:25am
Using Facebook for Communicating with Shareholders
John Bordynuik Answer questions about my use of Facebook: Facebook is a great way for shareholders to communicate with me. I can address a time consuming issue (vs. emails) in seconds. I am lucky if I spend 20-30 minutes/day on Facebook. I do stay connected to it as some people communicate with me over Facebook chat/mail instead of Skype. I am so busy I have absolutely no time to play the apps on it or surf it - my kids do though.
January 18 at 10:15am
Shorting of JBII Shares
John Bordynuik Jim, JBII can and is being shorted. It was short sold at $0.16. Canada allows the short selling of OTCBB stocks. I know this because I have a margin account and am able to short penny stocks. uplisting will assist because naked short selling will be exceptionally difficult on the AMEX and the NYSE will be on top of any shorting. Click on short interest:http://www.pinksheets.com/pink/quote/quote.jsp?symbol=jbii
January 4 at 10:04am
Steve can you comment on the number of short shares? and has any person or company approached JBI to resolve this issue?
December 21, 2009 at 9:27am
John Bordynuik With an uplist the short issues go away. I can say I have learned a heck of a lot in this process. On this exchange, market makers (i have been advised) will sell the stock if they think the company is a scam and then cover it weeks later when the P&D is done. I was advised that a MM thought the NASA, etc.. was too good to be true and shorted (summer last year). They obviously didn't bother to check NASA's website. You can probably figure out which MM had to cover last week... I can't verify the absolute truth of this and non of this information came to me because I am an insider so I don't mind posting it. In the next week, IMO, I believe the 100 share seller is that MM. I'll request DTC logs and check things out.
December 21, 2009 at 9:48am
Keepon Rockinme John I certainly would not want to be short this stock ,given the explosive nature of near term events/ catalysts. Certainly uplisting will generate more exposure.
December 21, 2009 at 10:02am
John Bordynuik Well, some broker will be out of a job in NJ.
December 21, 2009 at 10:07am
Questions about Tom Kidd and Domark
John Bordynuik Domark: We have nothing to do with Domark. Tom Kidd is a shareholder because he took JBII stock from the shareholders of Domark - a claim they may have against him. We cannot control share ownership. No employees of Domark work at JBII. I would not allow it. As far as Kidd goes -- if he does have any stock left (private sales) -- he must hold for 12 months. I need some time with my kids.
January 23 at 3:14pm
Protecting Shareholders
John Bordynuik Hi Tom. I always accept hard questions. I don't mind receiving them from shareholders and I have thick skin. We don't follow the norm but our BP is working. It is very challenging rapidly growing a public company. Many people have advised me they have their life savings in this company and I am responsible for that investment. I take my job very seriously and so does our staff. They are shareholders too. Don't be afraid to ask hard questions. I may not be able to answer them if it's probing for an answer to something not already in the public domain. I hope I answered your question.
any news on search for a BOD??????
is JB an "executive"????
nice wording though.....
As a closing note, in striving to immediately align ourselves with our shareholders, executive salaries will be reduced significantly. There will be absolutely zero consideration of executive bonuses and extras until the company is standing steadily on its own two feet.
yeah, the float isn't increasing over time, at least partially due to restrictions being removed, OK.....
BTW, next time I trade a stock, I'll make sure to inform my broker to ignore bid/ask, and look at the "money flow", while bitching about manipulation.....I will also blissfully ignore VWAP, or all the times in the past when money flow was "ascending", only to have PPS decline after that too.....
thanks for the TA tips.....
form 4s, S-1, etc.....many people sitting on huge gains:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001303652&owner=include&count=40&hidefilings=0
so, they raised it again......
World Chess Champion match starting soon:
http://chennai2013.fide.com/
http://www.chessdom.com/world-chess-championship-2013/
the magic of shares coming off restriction, IMO......