is... a buy and hold investor of dividend US and Canadian stocks
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I would be interested in a link on your statement on the seismic studies not being able to be duplicated. Interesting statement.
thanks..
that seismic data is a bit of an "angle" that I have seen a few times that would get investors excited, but is likely not going to lead anywhere. The potential is discovering all kinds of oil/ mineral deposits on these old tapes.
Well, only reason why I downplay it is that there is a company I know of (Diagnos: ADK) that takes modern seismic data and uses Artificial Intelligence to look for patterns representing mineral deposits. Well, bottom line is if this company can't be successful, likely neither will JBI. Diagnos has been around for a number of years now and has never been profitable.
If JBI has a two-stage process (reading the tapes/ interpreting the data), I would think that all they can do here is read the data. Diagnos is doing the interpretation and would be way ahead of JBI, no matter how smart JB may be.
i don't think there is a need to submit evidence when submitting the statement of claim.... it is just a description of the claim.
maybe, maybe not. as TOmCruise said in A Few Good Men... "It does not matter what the truth is... it matters what I can PROVE".... we know nothing about what happened right now... I looked for the uTube video of the scene, could not find it..
in these legal matters both sides will take an extreme positions. The truth lies somewhere in the middle and will not likely be brought out until immediately before a court date. Likewise, it will be a very private session. It will take years to pursue it and depends how deep Mr. Kaplanis' pockets are and whether or not he has a personal vendetta. Note that cost has already been incurred. That cost will be borne by any party that decides to give in...
Question: what if it affects JBI's ability to do business in the US or the state of Florida?
a project is a project, a stack is a stack... the uniqueness of the process is not that important..
who wrote that brochure? didn't the .18/share figure come from ... 2 DAYS OF TAPE-READING EXTRAPOLATED OVER A YEAR??
JB is trying to say; that his personal liability should be dismissed because he does not have sufficient personal contacts in the state of Florida. Interesting, because of the Al Sousa connection.
and that there is an insufficient statement of claim for counts II and III, wich would leave it as a straightforward "I want more severance" case. I don't think that will fly... i don't think that evidence is neceesary in the Statement of Claim.
methinks this is a stalling tactic and the case will stand, but he may be right about personal jurisdiction. The personal liability of the CEO is the biggest threat to jBI and JB personally here...
any worthwhile statement about a contract should state the contract value. It is misleading, but any investor should have regarded this as suspect.
this is a small contract that makes any public statemtns that have been made predicting huge profits from the tape business misleading...I thought it was much bigger than that, it is hardly worth mentioning.
add to that the statement from the last filing that they are buring cash on recurring cost at 1M/quarter...
and cash burn, obviously affects their current ratio... borrowing won't help..
In my experience equipment costs have been about 20-25% of the total cost, therefore I guessed that the total capital cost for a JBI processor would be between $1M and $1.5M.
that is unrealistic GWMAN and you should know that. Capital Cost includes all costs associated with the engineering and construction of the facility. THe 200k is only for the "processor" which is a piece of equipment.
hmmm... since it is the "3 Yr AGR Score" maybe it is meaningful..... interesting. it says it looks at all filed financials...
well I am not sure of your background in statistics, it just seems that there are not enough data points to really draw any conclusions in this case.... i think it is fairly meaningless..
JBII has:
- a relatively short lifespan, hence no history (3 data points?)
- has restated financials, resulting in one really BAD data point..
hence the measure is not very reliable/ applicable.
I have noted that when I use absolute parameters to compare stocks, that OTC/ BB/ PK stocks are poor quality compared to NASDAQ stocks. I consider them generally extremely risky.
I realize that. Note that John Bordynuik put up the permit application at the AGM on his slides, hence the investor fixation with it.
I have worked with Engineering/ Construction project plans and estimates that had permitting in them for years. Perhaps that experience gives me a more enlightened perspective.
hahahaha what a way to treat investors... hard to believe.
this is all hearsay, my opinion included. Bottom line is that this permit is a small detail in the whole scheme of things anyway...
The story of Raw's friend is just that, a story. That kind of thing is not what investors should be basing their decisions on, real or not...... maybe our understanding of verification differs. I asked for his name and phone number. Of course it was not provided, hence unverifiable.
As for the email from the DEC I remember it well and responded to it. It was just a guy doing his job.
As for the previous P2O applications, I have posted that projects being cancelled is normal. The kind of discussions that were held with other P2O companies are normal in the course of business. It is normal to investigate costs for permitting and requirements. Actually, I would say that only 10-20% of projects proceed, so the fact that these discussions happened is not monumental and does not make JBI unique.
As far as I am concerned, if they are having to discuss the language of the application, that would indicate that they did not understand something to begin with, or else the application would be a no-brainer. Maybe these other companies were the ones who took the time to make sure they understood the permit requirements.
the statement made was clearly about the revenue generation capability of the tape busines. It was put as that the revenue from pyrolysizing the tapes was important...
There is always news with stocks. There is always news regarding "deals" with stocks. There has to be new deals to replace the old deals that run their course. News by itself is no big deal.
JBII is moving at a snail's pace. If they are debating over the language of the application at this point, that means that there is something that JBI misunderstood. There should not be much need for discussion now. It is hard to understand the delay, so one must assume that something did not work out as planned, or was NOT planned in the first place.
There is no evidence that DEC was impressed with JBI any more than they are impressed with anyone else. All we have is a story from someone's friend. Completely unverifiable. The only hard facts we have came from someone in an email simply state a guy doing his job and not doing backflips of any kind over JBI. The fact that previous companies had discussions with DEC simply means that these companies decided to take the approach of figuring out exactly what they needed to do first, so that they would not have to worry about the "language of the application" later.
It is no surprise to me that no one else has done P2O. In the world of Project Management projects can and do get cancelled at any time. There is an exhautive investigation process that happens until the cost is understood to within 5% accuracy. At any point along that timeline, the project can be cancelled. After that last Go/ No Go decision point, equipment is ordered, dimensional design is started, and there is usually no turning back. Having said that, I watched a $50M job get stopped in it's tracks (after about $10M was spent).
So the fact that some folks had discussions about P2O is no surprise to me. So what?
I was somewhat impressed with the CRA report. The Islechem report uses language that is too vague in a marketplace that I don't fully understand..... There is room for interpretation.
I would call it swingtrading more than anything else.... not really day trading. There is no pattern to this stock.... nothing predictable.
that claim about using the tapes as feedstock always made me laugh... as if that amount will make any difference. 20T is one day's feedstock!!
no amount of loyalty will tolerate losses. Investors would not have bought at 7.00 without huge expectations.
reliance on uplisting or news is generally folly. Lightning and penny stock success does not strike twice... JBII has had it's day I believe.
I would say that that kind of performance may be possible without any substantial change in profitability or news or situation. Maybe seasonal variations and expectations based on finally getting that permit will be enough to do it.
Or... the next financials will show them nearly out of funds and it is game over...
There are no absolutes IMO.
don't you agree that this goes against basic market theory? Basic market theory says that no individual or group can influence the price of a stock... I think that stock price manipulation happens in the OTC and I would suspect it as having happened with JBII during the previous upswing, but to believe that this is ongoing is really stretching it... and provides a base for all kinds of other conspiracy theories..
If you go to the market to buy apples, do they run out of apples? Does the price go nuts? No, they just get more apples...
good post and I agree. I don't consider myself a typical Engineer... similar to your comment...
put another way: would you rather I repeat what I "heard" from someone? I live close to Niagara. I know lots of people, I hear lots of things. But I would never post something like that. What a useless piece of information. Without naming the source and proving what I am saying, what use is it? Now that would be irresponsible criticism.
So I offer my opinion FWIW based on 15 years in the software bus.... and 5 or so years managing projects in construction/engineering. Pretty good for the internet.
If people are coming here to get the information they need to make a serious investment decision on a BB, OTC, or Pink stock.... I suggest they get better information.
I guess I am a lurker. I have followed this stock for years. I used to be very interested and thought it was great. Now I think it is a dog... and the chart is going nowhere.....
well... we can agree to disagree about my assumption. I think that there are limitations to the tape business, serious ones. I think that not all of the tapes can be read or interpreted. If I were a shareholder I would expect JB to do whatever to make money the easiest way, and to me when I first read this board, that was the tape business. I thought that the tape business would be funding the P2O business. That has not turned out to be the case. People tend to lose faith when someone does not follow through. I was interested for maybe a month or two, but I adopted a "wait-and-see" attitude towards the tape business, and when I saw the results were not there, I lost faith.
I have never met John. I have never met the president of the United States either. As far as I know it is not against the law to critisize the President of the United States, in fact it is done all the time and is allowed because he is a public figure. President Bush got shellacked all the time. I am sure John is a bright guy. The president is a bright guy. Both are public figures and it is understood they can be critisized.
I spent a long time in the software business and have been about 5 years now in the Engineering/ Construction business. I know where John came from, and something about where he is going.
So, my last 2 paragraphs are as relevant as they can be given what I know. I have never met John so really I can only guess as to how he is managing the tape business and whether or not what I am saying is true. You can read whatever you want into it. Bottom line is that the tape business is not going anywhere, not generating revenues, not providing a cash cow business to support the development of p2o, and not what was promised investors. That is about as tangible as you can get.
I agree with you about the board. It is supposed to be the kind of discussion you would have over a coffee table. I doubt that a majority of posters would agree with me over a coffee table, so they are not going to agree with a written post. We can agree to disagree. I think all viewpoints are useful in making investment decisions, plus alot of other information outside of this board...
I will try to keep it tangible. I think you would agree there is not much to go on in terms of information from the company.
how come I can't find this on my CIBC web site? Is this not a Canadian stock with the symbol NASV?
Let's not forget about the difference between the US and Canadian gallon.
http://www.travelmanitoba.com/PlanYourVisit/MetricConversion/&node=883
1 Imperial (Canadian) gallon is approximately 1.2 US gallons.
http://www.gallonstoliters.com/
my instincts were correct!!!
i trust guzaling when it comes to how many gallons are in a barrel.
no. Guzaling posted that there were 45 gallons to a barrel. I cannot question the figure of $45/barrel. Seems more in the realm of reality.
but the link provided clearly says that the cable company must be contacted. I am sure that the cable company would not simply allow this Lost Revenue. Canada is also different from the US. Generalyl more regulated. I am almost 100% that these boxes are outlawed..not certain.
Rogers Cable is a "Service Provider" in a tightly regulated industry. In order to be a Service Provider, they have to register with certain regulatory bodies and share networks with other companies (they provide home phone service and hence access the Bell network). That costs money and ensures certain Quality of Service (QOS) for the customer...
Some guy rigging a cable box and selling it for $150 may be very enterprising, but would not be a registered Service Provider... hence he could be shut down and sued for Lost Revenue... something like that..
The enterprising aspect I like...
I was just thinking what law it was he broke. Can't think of one.
But, it fits civil law more appropriately. Rogers would regard his boxes as resulting in "lost revenue", and I think that a cable company would have a good case in court for suing. I can't specify the legal basis, but there must be one. Interesting question...