is... a buy and hold investor of dividend US and Canadian stocks
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the company featured used the pelletiaed plastic that has been discussed here. They pay .50 for 20000 bottles worth. I did not catch how much that was weight-wise.
just a sec.. I am up north (not my home)... newfanlged things..
CNBC... 504 on my satellite....
they just said (before they went to commercial) that they were going to talk about entrepreneurs in plastic.... nothing yet.
I am watching it...
the Bid Ask is ALOT better than it used to be, and volume is decent.
it used to be horrible and horribly thin.
It has not changed it's name, just moved into a shell.. somewhat like a hermit crab...
it has not continually reported absolutely crappy financials, although they are losing money fist into face.. (is that right?). They have restated financials, sparking a slide into PinkSHeet\OTCQX oblivion.
THey hae not performed a stock Reverse SPlit yet, although it is nto out of the question. I would give them one more quarter without serious revenue generation.
thanks for comin' out.
exactly. The blending plant is NOT reliant on the existence of the P2O business at all....
Investors money ==>> new blending plant. Not P2O... is that not the final outcome then?
well exactly... i need to do some research...
what if the p2o idea goes away and this blending plant operates as a blending plant, just like it did before P2O? It has been upgraded and retrofitted. The operators may not be owners anymore (JBI is the owner), but they get a shiny new plant, jobs... etc...
and the money stays in the family...
What do you guys think of this thought as posted on the JBII board?
"has it occurred to anybody that there is more than a bit of a conflict of interest here? Basically members of the Bordynuik family are benefiting from their association with JBI. From an accounting standpoint, I would doubt of the transaction was "arms-length". I believe that would be the accounting principle.
At any rate, what has been accomplished here is a complete refit of that plant, something that would under other circumstances cost several million dollars. Now I am sure that that blending plant can be used for other purposes than processing pyrolysis oil from P2O, so doesn't it seem just a bit too convenient?
That blending site had no problem selling fuel from other sources before too, didn't it? And now they won't need maintenance for a few years, will they...
I bet the next misdirection is away from P2O and onto standard blending of fuels.. JBI should have just sold to refineries if they were totally straight up. That was the original promise.
Another "fait accompli". Way to go John..."
maybe, maybe not. Before = old blending plant. Now = shiny new blending plant...
You said yourself it is permitted. Another convenience... I suspect that the permits it has are independent of feedstock... therefore it does not necessarily have to be pyrolysis oil...
1. the blending site did not come up until February 2010, as you have posted yourself. I trust this date, as it came from you).
2. why would JB necessarily care about the franchisees (or the story he tells them)?
3. Maybe it still can be sold to refineries... has nothing to do with what I am saying.
4. and yes it is permitted... fits perfectly into the plan...
5. The cost structure has always been under dispute. I don't trust JB's numbers... we will never know until financials come out..
If I were an investor, I would be concerned that the pyrolysis oil is indeed processed through the blending plant...
Appreciate your support rawnoc. Good DD across the board.
No... the simple fact is that anybody who invests is there to make money. not to provide funds to investigate green technologies. Green technologies are not going to make it unless they can compete with other forms of energy.. period.
So, these people want to make money regardless, but if the shares were publicly available on the market at 3.50, they are not going to buy into a PIPE at 4.00... because profit is their motive..
has it occurred to anybody that there is more than a bit of a conflict of interest here? Basically members of the Bordynuik family are benefiting from their association with JBI. From an accounting standpoint, I would doubt of the transaction was "arms-length". I believe that would be the accounting principle.
At any rate, what has been accomplished here is a complete refit of that plant, something that would under other circumstances cost several million dollars. Now I am sure that that blending plant can be used for other purposes than processing pyrolysis oil from P2O, so doesn't it seem just a bit too convenient?
That blending site had no problem selling fuel from other sources before too, didn't it? And now they won't need maintenance for a few years, will they...
I bet the next misdirection is away from P2O and onto standard blending of fuels.. JBI should have just sold to refineries if they were totally straight up. That was the original promise.
Another "fait accompli". Way to go John...
"an investment in green technology for the benefit of our planet," = give
so JBII is a charity? I doubt it.
so you guys think ti is a Good thing that JBII can only sell for off-road use?? I would say that is a very limited market, and the channel is that much more difficult/ complicated/ costly.
that is ridiculous. Nobody in their right mind is going to "give" a company money. The point behind issuing a PP at a discount to market is to entice people to buy in cheaply, whether they be friendly or not.
That is quite a reach....
this is about the funniest post i have ever seen on the JBII board:
Member Profile Member Level Share Sunday, September 26, 2010 6:44:10 PM
Re: the big guy post# 71100 Post # of 71107
Yep... There are people that will do that. The difference is that they know that pipe money goes to the company while money for shares purchased on the market does not.
If you already have a significant position in the company, taking a small loss on the purchase price makes sense to provide the cash to the company.
Right.... I think I will buy PIPE shares when they are more expensive than than the current market price....
I more or less agree with you about the cost issue, but I think we will have to wait a quarter beyond the current quarter to see how profitable JBII is. He is not going to do much business this quarter, as he did not have a permit. His first full quarter will be the next quarter (if he has contracts in place).
I think your reliance on news/ PRs is a bit misplaced. that is only a short-term strategy at best, and I think that this stock is beyond that. It needs performance and profits in order to ascend...
actualy history has shown this stock DECLINE with news... lol
it has been removed from that other site...
I think this discussion forum has been removed. just took a look..
so what you are saying is that the purchasers would prefer to buy PIPE shares rather than simply purchase them for less on the open market? Geez, I hadn't thought of that. i will have to try that one out.
I am very upset. I just got told to "gonk off" on the JBII board.
LOLOL............
Well, what you are saying is not true in this case. I tried to find the PR, but it seems to have vanished. It is dated May 21. it refers to a transaction that was "completed" sometime in January or February, so there is no way that they were "still buying". A bunch of people bought in at 4.00, which is to be expected because it was a discount to market, which was 5.00 at the time the deal finalized. Based on Unreliable Financials, I might add.
these links do not work. I would love to see these messages...
Your post is not true Zardiw. The price was around 5.00 when the deal was negotiated. The stock then crashed after the financial restatement was announced which was shortly after or at about the same time as the private placement was announced.
The PP was done based on the financials prior to restatement and when the price was 5.00.
thing is... right now looking at JBII, aLL of my other investments are superior to it. And JBII is TONS more risky... so my opinion has not changed. Not at 1.20, not at 7.70, not now....
I could show you a stock trading at .04 that is operating pared down to the bone in order to preserve cash and maintain financial stability (management doing the right thing instead of a self-serving R/S), with good products in the field operating at break-even. And trading BELOW cash value.
What would you choose? Far better than JBII a company that has made huge claims, is not proven to be successful, supported by lab reports on scaled=down machines, and just might "Go Ballistic.."
That is 1 stock of a list 20-30 long.
they say "timing is everything"... ROFL
if they had a larger processor, they would have even more off-gas. They would need a storage/ compressions system anyway...
the necessity for a storage/ compression system leads to a larger system, more like the competition. JB alluded to that in the CC.
I am working on it... (getting the proof). I should have it shortly..
there is no proof of that that I know of Brig. Of course, people who perpetrate such things prefer to keep it under wraps for obvious reasons. Simple fact is that there is no othe rlogical explanation for it. There is no indicator that predicted it in any way. There is insufficient volume to warrant the price increase. The stock chart before and after does not provide any consistency.
I think this occurs alot on the OTC. If you look at the stock price, float, and say you had a Million or two and multiple accounts or collusion amongst accountholders, maybe it could be done... look at the daily volume and what that represents in dollar terms.
As far as calling the SEC, I bet it has been done. They probably have bigger issues to deal with.
that is probably because the explosion from 1.00 to 7.70 was through some kind if likely illegal stock price manipulation.
I have been saying number 7 since anybody came up with number 1 on your list. number 7 is the only one that really matters. Anybody can do pyrolysis.
excellent point. But, it is still a process manufacturing operation versus a simple uplift of proven reserves. Completely different cost structure. I think supply will be a problem as well, but basically it is a good use of otherwise useless plastic and there is lots of useless plastic around so that does not concern me initially. I see the unknown cost structure as a showstopper....
I believe I dug up a pie chart once that showed the cost of a barrel of crude. $45 is exploration cost, $5 is uplift cost.
I believe JBI's costs to be more (way more) than $10/barrel, but we do not have enough information to pinpoint it.
what do you think GWMAN? You would be in a position to know.
well... eventually you just have to say to yourself that if people are going to be that stupid, they deserve what happens.
We all have our moments. I remember when I started, I got this email from this group called "the one thousand to a hundred thousand club" or something like that. Supposedly they had turned 1 thousand dollars into a hundred thousand. They were pumping this stock with the symbol REAL. I actually bought it. Their reasons were ridiculous. They had alot of real estate they could sell or something.
JBII has advanced a whopping dime after maybe 3/4 Million shares being traded. It must be obvious to anybody with a brain that it is done.
I can't believe the pump crowd is still bothering with this one., You would think they would find something with a bit more of a chance, and lots fresher. They are still posting articles with the word PINK conveniently replaced with something more appealing... etc., almost like printing brochures.
JB is into people at 4.00 a share so I suspect his future is on the line here.
As is the future of the pumpers. I find it hard to believe that they have such a loyal following after all this time. I myself tried a few of their picks over the last few years, notably VBDG, EGMI, REPR, and ALIF. Frankly, I do MUCH better on my own.. Unless JBI does some amazing things... some people are going to be very upset.
I think it must be reliance on investors that have no idea how to pick stocks and read these message boards looking for the next hot stock and actually buy it, that is why they are so diligent about what is posted there...
real fulfilling.
don't see the rationale... guys are swearing by how honest hotstocked is over there...
Interesting how the JBII gang is so proud of that article in Hotstocked. I actually get their "Lightning Picks" in the morning as the market opens. I just looked at the charts for the last two and both of them got a bit of a rise, then got hammered.. hilarious..
I just posted this on JBII:
oh Hotstocked are stock promoters for sure, in fact I receive emails from them daily on the premise that the stock is about to shoot up. Moreover, the emails are sent out MINUTES prior to market open. Obviously, heavily front-end loaded by those in the know and on the make.
I just checked several of their picks, and they very obviously were in play. The wen tup momentarily on high volumes on the days that the "lightning picks" were sent out, then crashed heavily after a few trading days, leaving gullible investors screwed
Here is an example email, received on the morning of 12 September:
"Greetings!
We will be sending out a new lightning pick alert tomorrow morning on an alternative fuel company. Last week's lightning pick jumped 33% in the first hour, and we are optimistic about tomorrow's pick. The company is extremely profitable, and growing at over 100%.
If earnings continue at their current rate, this stock can go 5x higher. Tomorrow, we are teaming up with a few other very large newsletters and will all be notifying all of our subscribers that the stock looks excellent for a trade.
We need to keep the idea a secret for now. We will send you an e-mail with the exact details right when the market opens, if for some reason you don't receive the e-mail by 9:30, we will also post the stock pick on this page: http://www.hotstocked.com/lightning-picks/."
The pick, received the next morning, was AJGH.
Next lighting pick was broadcasted 19 September, then received 20 September. It was MRGP.
In both cases, the charts got this blip of volumke out of nowhere on those dates, then they BOTH sent down. Investors got screwed..
This article is nothing to crow about... don't get screwed!!!
yes, a refinery would have a team of people schedulng feedstock years in advance of production. and at the best possible price.
this little tidbit of information was received from Steady T in a PM. he has given me the permission to publish it:
"The fuel produced by P2O is not a feedstock to a refinery but a blending stock. It would be better called a finishing stock.
The lack of sulfur and high degree of purity will allow a refinery to upgrade low quality output by diluting the existing sulfur content of plant output diesel to meet the new stricter standards.
The lighter hydrocarbon content of the P2O can also be used to upgrade heavier diesel to meet viscosity requirements. Again upgrading a lower quality product. "
Interesting stuff and news to me.
I sus pect that the Islechem letter igves a difeinion of "low sulohur" which lacks quantitative value and is not a comparison against industry benchmarks, hence lacks significance. Just in case it is thought that that Islechem evaluation is the final answer..
Of course they will! It was never in doubt. I would expect that of any enterprise, to ba able to get a permit to operate. making money is the hard thing...their next quarter wil not be great, and they have an excuse, as they will not get to operate for a few months.. it will take until the New Year for this one to reveal it's viability or lack thereof. By that time they may be out of money.., but iof they can run the price up on expectations, maybe they can do another Private Placement!!!!
From the Hotstocked article:
"The products of the P2O that the company plans to sell include diesel fuel, gasoline, propane and butane and JBII has invested around $1.5 million in related property and equipment."
1.5 Million. not sure what the Property is of that total.