says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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Did you double check with Doug Borschel of the NYS DEC?
Because the new permits clearly state they cover moving the point of emission for Processor #3 to the new building.
I don't see how they can operate Processor #3 without those permits being issued.
Anyone not sure about this should inquire with the NYS DEC.
It's not currently permitted to run. Maybe by mid-July.
They aren't 'listed'.
I guess Tuesday is Washday for JBII...
a quarter with material production and reasonable cost of sales before running out of cash
3 weeks left in the current quarter, and I figure about 3 weeks left of cash.
<insert sinister organ riff>
FedEx is still making DAILY DELIVERIES of goods from California to new York.
Are their planes and trucks running on Magical Fuel?
Once again, ballpark it for me: How much jet fuel and diesel truck fuel does FedEx use in transporting 1 pound one mile? Now scale it up for your typical 10 pound package travelling 1500 miles.
This is an ecological crime, with kids being used as pawns. How long until a smart kid bothers to do the math associated with this Crayola PR stunt?
Get ready for the backlash.
There is nothing environmentally friendly about FedExing small packages of plastic across the country.
This is Green Idiocy at the highest level.
OK, ballpark it for me
What does FedEx burn to transport 1 pound one mile? Airplane Kerosene, Semi Diesel. Add it up for us. Figure an average of 1500 miles to get it to Niagara Falls.
"What I've seen from my kids is real desire to learn about the science behind these initiatives."
Wait until the kids find out *more* fossil fuels are expended in transporting the markers than are produced when JBI processes them.
How would that work? "I declare victory, unless things don't measure up in the next 7 quarters?"
So, if JBI had announced >$500K in mid November 2011 (for 3Q2011), you wouldn't have claimed victory?
I've forgotten; what's the excuse why Q2 will be another production flop?
Wet plastic again? Busy welding in another building? Road construction? Rauber took the keys to the processors when he left?
A renewable contract for nothing.
Out of time. Out of money. Out of commission.
Florida corp. created in 2011, reinstated in March 2013
Had failed to file Annual Reports in the intervening period.
Also has line of NBA watches of similar design to the World Cup watch.
And each processor they put there can generate $10M/year revs
No it can't. If it could, it would have already.
It hasn't. And they don't have money to even turn over one spade full of Jacksonville sandy loam.
They actually don't have money for much more of anything. Except cash bonuses. And 'consultant' fees.
Tic Toc.
It's an 8 year contract now, Z.
Yeah, everyone that read the PR should email the company to ask about the details.
Once again CAPC misses an opportunity to tell the investing public why they should take CAPC seriously.
Fluff. And looking at yesterday's trades, it bombed.
Fluff bomb. Where's my Simply Comfort Foam pillow; I have a headache.
Hey, here's an idea:
When CAPC puts out a PR (spends shareholder money to do so), maybe they would like to tell everyone what this means for the bottom line.
Or, just fluff it out. Their choice.
For a licensee
They didn't mention which licensee it was, or how 'big' an opportunity this is.
How much hits the bottom line? Why isn't CAPC telling us about that?
Remember when STP Tools on NASCAR Nationwide was Huge? I do.
Even though the NYS DEC permit contradicts that entirely?
I guess I'd like to know who is feeding you false information, if you're willing to share a name. Or why you think this person has better information than the NYS DEC.
Who gave you that understanding?
Based on firm data in the DEC permits
they can't operate #3 until sometime after June 20th, the deadline for public comments. Based on how long it took last time they went for new permits, it'll probably be mid-July before they are granted.
Meyer Luskin wasn't smart enough to demand liquidation preference.
Should have. He wouldn't get half his money back if he sold now.
The last whale group was smarter, insisting on priority in the case of liquidation.
Actually, at this point, they're better off in liquidation (given they could scrape together $8.05 M in assets after secured debt goes first).
They paid fiddy cent per share; they're due fiddy cent in a liquidation, if there's enough left over. Bear in mind that they stand BEFORE any common shareholder in line for the assets.
Yah
Just Bogolin', just got done Rauberin'.
Tic Toc. Last Whale group is better off taking this to liquidation rather than let them whiz the rest away.
1) There was no 'Debt Paydown'. False claim.
2) Equipment purchase for #4 and #5. And Bonus payouts.
3) The $150,000 payout was accrued last year. Didn't affect 1Q cash, as we discussed already.
4) Legal actions are still unresolved. Hell, they hired an in-house legal department.
Cash almost gone. Gonna have to hit up Expedite Investors again before the end of the month. Wait for it.
Tic Toc.
Here's reality:
They burned $4 million in cash, actual hard cold cash, in 1Q2013.
They had $4 million in cash as of 3/31/2013.
2Q2013 ends as of 6/30/2013.
Reality Math.
Few Million?
They burned through $4 million, under "Draconian Cuts" Rauber in the first quarter alone.
Where do you expect they'll get the cash they need to make it to next year?
My guess is, they'll go back to the original Expedite Investors.
Gotta clean them out totally.
Tic Toc
I'm declaring June as the Month of Resets.
Oh yeah, this is just starting to get GOOD!
Tic Toc
JBII Events that could happen at any time:
1) Run out of cash at the end of June.
This event would send JBII right down the tubes.
2) Close another PIPE.
This event would shore up beaten down spirits, and add significantly to the O/S. Eventually though, they'd be back facing Event #1.
Wrong.
Processor #3 is being installed in the new building (the building that was going to be an assembly only building).
The current Air permit only allows processors and emission points in the original building.
The new permits move the 3rd emission point to the new building.
The new permits won't be approved until some time after the public comments are due on 6/20/2013. If it's like the last time, the approval will come around the middle of July.
Processor #3 can't legally operate in the new building until the permits are approved.
Call the NYS DEC and confirm.
after #3 shows it's viability
They've added another kiln to the 2 kiln design. How exactly does that imply 'viability'?
JB is already working on the 4 kiln #4 design, complete with New Extra Crispy catalyst, that can take PET and polycarbonate.
JB cares not for 'viability'. His bank account is very 'viable' already, thank you very much!
You need the new permits for #3 to go online, even without co-feeding the used oil
The new permits move #3 to the new building.
No new permits, no #3 in operation.
Modification Treat as New
Mod for Processor PO3, new bldg, add dust collector, cofeed used oil...
Wait, wait, wait.
Let me pop some corn first.
This is starting to get GOOD!
Tic Toc
I am forgetting nothing.
Over 10 times sales for an OTC stock is ludicrous.
25 cents on 15 to 18 million in revenue is over 10 times sales.
Yeah, I'm not seeing it.
YOU GO FOR THE GOVERNMENT JOB ON A GUARANTEED SALARY.
Or you buy control of a shell for $80,000 and crank up the penny stock promotion machine.
JOHN HAS BEEN CALLED A LIAR OVER AND OVER
He has lied. Most recently in a court deposition. I get the feeling he just can't help himself. He seems surrounded by a reality distortion field, probably one he designed and hopes to patent.
When you lie, you get labeled a liar.
That paper is very well written
Ugh.
This one line still has me in stitches:
"We were able to develop a catalyst that allows our process to handle up to 20% PET and polycarbonate (PC) plastic contamination, without effecting processor operation or fuel quality."
Quite literally, it means the catalyst did not 'bring about' processor operation or fuel quality.
You can't make this stuff up!
Peer Reviewed, indeed.