says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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I will either likely lose 100% on those shares or I will make hundreds or thousands of percent.
False choice logical fallacy. Neither outcome could come true.
The only truth we can glean from past history is buying and holding JBII stock has been financial disaster, 4 years in the making.
It has been wildly profitable for insiders, however.
seems the concept produces fuel.
That wasn't the concept that was touted.
25cents per gallon diesel from free unlimited plastic into 2500 land rush processors was the 'concept'.
Turning hydrocarbon based plastic into other hydrocarbons is old news. Others have 'been there/done that/lost money/got the T-shirt'.
Neato!
Proof of concept has already been provided.
No, it hasn't. The 'concept' was they could take free plastic in endless amounts and turn it into a 90% gross margin product.
They haven't. At some point, you'll have to admit to yourself that they can't.
As of the latest filing there were 91M outstanding shares and 7M shares worth of convertible instruments
What about the convertible preferred stock they sold in the last PIPE investment? That adds 16.1 million shares (actually some of those have already been converted, so it would be less).
They don't 'have' 50 million authorized shares left to sell/issue.
Keep watching NV SOS I'd say.
JBI down 74% since Heddle took over on 8/15/2013
Time to throw him under a bus too? Anybody have the Greyhound schedule?
Could you give us a re-cap of John Bordynuik's Curriculum Vitae?
now tell me what kind of CEO does that????
One who was contractually obligated to do so by the original shell owners?
It was a neat flourish to a run-of-the-mill grift.
It's funny that you're showing a Flow Meter on the output
IR says it doesn't exist.
P1 - basically decommissioned due to excessive heat cycling modifications made during the initial process.
No, that was the first P1 processor, which got replaced in 2012.
So far, their processors don't seem to last much more than a year or so.
In the litigious environment that JBI is in numbers that are accurate enough for engineering purposes are not appropriate for publication.
"$10 Cost per bbl"
"10 yr. contract for free feedstock"
"119 bbls/day/processor"
"processor takes up 1000 sq-ft, costs $80,000 to build"
"immediately profitable with 18 cents/share profit"
"90 processors for Al Sousa in Florida"
"3 processors for RKT in Florida"
"2500 processor Land Rush"
"$10 million in Current Assets from media credits"
Cry Havoc, and Let slip the lawyers of War!
You forgot about their 'plan' to run their processors at 4000 lbs/hour
Remember that lost year while they worked to get permitted for 4000 lbs/hour?
Jbii has been sued by the SEC for fraud and Agilyx has not.
Agilyx has sold machines (to WM, for one), and JBI has not.
Now that is just plain silly!
Why would you say that? The big talk in global climate change is the sequestration of carbon.
Landfilling waste plastic does that quite certainly.
Are JBII's machines going to be subject to Carbon Taxes?
NEATO!
there historical actions of going green
There is nothing green about JBII's machine. It spews greenhouse gasses whenever you run it. Its main output also creates greenhouse gasses when you use the fuel.
It's far better to recycle plastics like Crayola's markers than to turn it into fuel for burning.
Even landfilling waste plastic is far greener than JBII's greenhouse gas pollution machine.
they wouldnt have 5 machines with 7 more waiting for assembly
They don't. They have 2 processors, with parts for 2 more.
Or so they claim. Grain of salt, and all that.
NEATO
50% haircut from Monday's close.
Transparently a debacle.
NEATO
selling shares directly to the open market.
They're already doing that, right? 3 million shares to be sold on the market to raise $$$ for the fraud divvy, right?
NEATO!
Anybody see any Shell tanker trucks today?
How about NDAs...has anyone signed any NDAs today?
Today's bad news: It now takes 5 shares of JBII to buy one McChicken at the McDonald's drive through.
Whales! Luskin! Boots! Oh My!
NEATO
Bottom Line: JBII Losses per Quarter up 32.6%
Net Losses
Q2: (3,055,716)
Q3: (4,052,930)
zzz
Bad News!
The drive through at McDonald's won't take 4 JBII shares for a McChicken anymore! They want me to kick in a Roosevelt as well.
Oh boy. Remember when one share of JBII could buy a whole Extra Value meal? Even Supersized?
Ahhh, Good Times. Well, it's all for the best...too much McDonald's is bad for your health.
I hope everyone is enjoying JB's Slim Faster diet! <wink>
So, what happened to the Blending Site?
Did it quietly go back to the relatives? NEATO!
4 shares buys a McChicken in the drivethrough!
NEATO!
They're still on the hook for about $1.8M in lease payments on the MRF.
Not allowed to sub-lease, and there was no lease termination provision in the documents they signed.
NEATO!
The Company leases premises in Thorold, Ontario, which was previously used in the operation JBI (Canada), Inc. doing business as Regional Recycling of Niagara ("RRON"). As at September 30, 2013, the remaining lease term was almost 17 years. During the third quarter of 2013, the Company determined that it would shut down the operations of RRON (Note 17). The employees of RRON were given notice of the shut down in the first week of September, after which point the Company approached the landlord about terminating the lease; however, there was no formal termination as an agreement to terminate the lease was not reached. During September, the Company was assessing its options with the facility, including potential sublease, but determined that a sublease of the facility was not permitted by the lease and officially decided to cease use of the premises as of September 30, 2013. Accordingly, the Company has applied September 30, 2013 as the cease-use-date in recognizing the liability for the contract termination costs. In measuring the liability, the Company calculated all remaining contracted lease payments, being $1,872,650 ($1,926,000 CAD), and performed a present value calculation using a discount rate of 20%. The present value calculation resulted in an accrued lease liability of $505,747, of which $89,269 is due within the next 12 months and has been presented as a current liability. The total accrued lease liability expense was reduced by $68,818 of the deferent rent liability which was being amortized over the period of the lease. The total expense included in loss from discontinued operations in the condensed consolidated statements of operations is $436,929 for the three and nine month periods ending September 30, 2013 (Note 17).
8 Bits, 6 Bits, 4 Bits, a Quarter!
All for Bordy, Stand Up, Get Shorter!
Rahhahahhahahahaha!
How are Crayola's markers un-recyclable?
http://blog.sharpie.com/tag/recycle/
Does a solar panel manufacturer give a shit if it's a bad investment by its customers?
Ask Solyndra.
Who said anything about embezzlement? Why would you bring that up? Boots on the ground tip?
What if Heddle pocketed a wad of cash trading JBII back during the Night of a Dozen PRs and the surrounding time period?
2500 site Land Rush! 90 Machines in Florida! P2O Ships to the Pacific Gyre Rescue!
Maybe the $3M is just a 'make good'.
When you have pockets full of shareholders' cash
and you are quietly selling shares of the company you founded to the true believers, I imagine a $110,000 fine would seem like 5 bucks.
He paid a fine but refused to admit guilt
He is not able to deny guilt, and none of his 'crew' may deny guilt, lest he get hauled back into court before the judge.
Slink away quietly, John Bordynuik. You pocketed a ship-load of other people's cash.
So, when John Bordynuik proclaims 'this SEC lawsuit has no merit; we will vigorously defend against it', then he quietly settles, at the same time quietly selling at least 850,000 shares to line his pockets with shareholders' money, that's Bravery?
Odd.
How exactly is John Bordynuik not a coward?
Hasn't he opted to settle legal cases he said had no merit?
And how does that make JBII an attractive company stock to buy?
Check my message again.
I stand by it.
apparently denying its shareholders the transparency of a conference call.
What do they need a stinkin' CC for? The installation of the two new directors from AC Kinetics was accomplished without votes from the common shareholders.
Not to mention the pay raises for Stewart and Gerry.
Sit back and enjoy the show, Salve! ;)
If an employer can figure out a way to save 5 shiny pennies by shitcanning an employee and replacing him with a rodent, then the business operator has a MORAL obligation to SHITCAN the employee for the sake of his SHAREHOLDERS who actually own the company.
Heddle could save 27,500,000 shiny pennies by replacing Bordynuik with a pet rock.
Is Heddle amoral? Or can't he find a pet rock with a work permit?
Legal Action #5
http://dockets.justia.com/docket/nevada/nvdce/2:2013ms00083/97637
If you're keeping track of all the action:
http://dockets.justia.com/search?query=jbi&after=2013-01-01&before=2013-10-24
wacky concept
Yes, I'd imagine the concept of actual profitable businesses is a wacky concept for any investor that's watched $50+ million be shredded and shoveled into a self-energized hole, only to be left with a few rotating steel drums and distillation towers, and a growing metal scrap heap out in the yard.
To me, that's WACKY.
called "running into the ground"?
Yeah. Writing off assets and laying off all the workers qualifies as 'running into the ground'.
Bordynuik took 3 going concerns and destroyed them, leaving their workforce unemployed.
Bordynuik the Job Killer and the Company Killer. The facts are clear.
ran three businesses into the ground.
The write-offs for Javaco, Pak-it, and the MRF prove this is true.
Or, ask the people that lost their jobs at each company.
R/S is not in play
Really? Did you read the 13D?
Because that's one of the things Postal wants to happen if/when he gets voting control.
Mr. Postal and Ms. Postal believe that the Company has too many shares of Common Stock issued and outstanding and that a reverse stock split, implemented at the appropriate time, would be potentially beneficial to achieving a more manageable and efficient public float for the Company’s Common Stock. The Reporting Persons lack sufficient voting power in the aggregate to approval any such corporate actions or recapitalization, absent the support of the other principal shareholders of the Company (being mostly senior officers and directors of the Company). Further, there is no assurance that a reverse stock split would prove to be beneficial to the Company or its shareholders in the short term or long term.
http://www.sec.gov/Archives/edgar/data/814926/000093980213000163/schedule13d101113.htm