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well, they had been told in the past, and did NOT appeal:
also, no 10-Q, and are they surprised or something???)
http://ih.advfn.com/p.php?pid=nmona&article=56673999
TAIYUAN CITY, China, March 11, 2013 /PRNewswire/ -- Longwei Petroleum Investment Holding Ltd. (NYSE MKT: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China ("PRC"), announced that it has received a Notice of Delisting from the NYSE MKT (the "Exchange") that its securities are subject to being delisted from the Exchange for failure to comply with Sections 132(e), 134, 801(h), 803(B)(2)(c), 803(B)(4), 1101, 1003(d) and 1003(f)(iii) of the NYSE MKT Company Guide (the "Company Guide").
as far as suing Geo, that's kind of ironic, considering the below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86026671
http://www.sec.gov/Archives/edgar/data/1111817/000114331313000015/lphform2503222013.htm
(excerpts below....did they APPEAL in the required period to do so???...the exchange says NO)
March 22, 2013
Pursuant to Sections 1203 and 1009(d) of the Company Guide, the Company was given the right to request a hearing before a Listing Qualifications Panel within seven calendar days of the Staff Determination, or by March 12, 2013. The Company did not appeal the Staff Determination within the requisite time period or thereafter and has not otherwise regained compliance with the continued listing standards.
The Company is subject to delisting pursuant to Section 1003(f)(iii) of the Company Guide in that the Company or its management has engaged in operations, which, in Staff’s opinion, are contrary to the public interest. In this regard, Staff believes that the actions (including, but not limited to, inaction) of the Company and/or its management and/or its agents raise significant public interest concerns. The Company failed to satisfactorily address allegations regarding the Company raised in a report entitled “On-the-Ground Due Diligence & Investigatory Report on Longwei Petroleum” dated January 3, 2013 by GeoInvesting LLC (the “GeoInvesting Report”). The Company had not authorized its audit committee to investigate the matters referenced in the GeoInvesting Report. The resignations of two out of the Company’s three audit committee members including the committee’s chairman during the preparation and review of the Company’s financial statements for the period ended December 31, 2012 raise serious concerns that the reasons for their resignations may have been related to financial reporting or other irregularities at the Company. Staff is also concerned as to whether the Company will be able to timely file its Form 10-Q for the period ending March 31, 2013 with the SEC. These actions by the Company and/or its management and/or its agents cast material doubt on the integrity of the Company’s financial statements. Thus, continued listing of the Company’s common stock on the Exchange would not be in the public interest.
The common stock of Longwei Petroleum Investment Holding Limited (the “Company”) does not qualify for continued listing for the following reasons:
(a)
The Company is subject to delisting pursuant to Section 132(e) of the Company Guide in that it has failed to provide requested information to the Exchange within a reasonable time frame and/or has provided information to the Exchange that omitted material information. Notwithstanding reasonable extensions of time, the Company failed to fully and completely respond to Staff’s January 25, 2013 letter and has not supplemented responsive information to certain requests as represented. The Company’s refusal to provide the requested information has impaired Staff’s ongoing assessment of the Company’s continued listing eligibility.
(b)
The Company is also subject to delisting pursuant to Section 1003(d) of the Company Guide since its failure to comply with Staff’s information request as described above is a violation of its listing agreement and/or other agreements with the Exchange.
(c)
The Company is noncompliant with Sections 134 and 1101 of the Company Guide based on its failure to file its Form 10-Q for the period ended December 31, 2012. Due to the unavailability of reliable financial information and the uncertainty of when the Company will make its required filing, Staff has determined that continued listing of the Company would be inconsistent with applicable Exchange listing standards.
(d)
The Company is noncompliant with Section 803B(4) of the Company Guide which requires the audit committee of each issuer to have the specific audit committee responsibilities, authority and procedures necessary to comply with Rule 10A-3(b)(4) and (5) under the Securities Exchange Act of 1934 (subject to the exemptions provided in Rule 10A-3(c)), concerning responsibilities relating to authority to engage advisors and funding for compensation to be paid to such advisors as determined by the audit committee. Specifically, the Company’s board of directors declined to approve the audit committee’s resolution to conduct an investigation that would include retaining independent counsel and forensic accountants.
(e)
The Company is subject to delisting pursuant to Section 1003(f)(iii) of the Company Guide in that the Company or its management has engaged in operations, which, in Staff’s opinion, are contrary to the public interest. In this regard, Staff believes that the actions (including, but not limited to, inaction) of the Company and/or its management and/or its agents raise significant public interest concerns. The Company failed to satisfactorily address allegations regarding the Company raised in a report entitled “On-the-Ground Due Diligence & Investigatory Report on Longwei Petroleum” dated January 3, 2013 by GeoInvesting LLC (the “GeoInvesting Report”). The Company had not authorized its audit committee to investigate the matters referenced in the GeoInvesting Report. The resignations of two out of the Company’s three audit committee members including the committee’s chairman during the preparation and review of the Company’s financial statements for the period ended December 31, 2012 raise serious concerns that the reasons for their resignations may have been related to financial reporting or other irregularities at the Company. Staff is also concerned as to whether the Company will be able to timely file its Form 10-Q for the period ending March 31, 2013 with the SEC. These actions by the Company and/or its management and/or its agents cast material doubt on the integrity of the Company’s financial statements. Thus, continued listing of the Company’s common stock on the Exchange would not be in the public interest.
3.
In reviewing the eligibility of the Company’s common stock for continued listing, the Exchange has complied with its standards and procedures as follows:
(a)
On January 25, 2013, the Exchange issued a request for information to the Company pursuant to Section 132(e) of the Company Guide.
(b)
On February 6, 2013, the Exchange notified the Company that, as a result of the resignations of Mr. Douglas D. Cole and Ms. Xiaoping Xue as independent directors and members of the audit committee, it was not in compliance with Section 801(h) of the Company Guide in that at least 50% of the directors on its board were not independent (only one of three directors was independent) and Section 803(B)(2)(c) in that it only had one out of the requisite two members on its audit committee.
(c)
On February 20, 2013, the Exchange notified the Company of its noncompliance with Sections 134 and 1101 of the Company Guide in that it failed to file its Form 10-Q for the period ended December 31, 2012 within the Rule 12b-25 grace period.
(d)
On March 5, 2013, the Exchange notified the Company that it is subject to delisting pursuant to additional deficiencies with respect to Sections 132(e), 803B(4), 1003(d) and 1003(f)(iii) of the Company Guide. Specifically, the Company failed to comply with its listing agreement and/or other agreements with the Exchange by not providing the requested information to the Exchange within a reasonable time frame. By declining to approve the audit committee’s resolution to conduct an investigation that would include retaining independent counsel and forensic accountants, the Company is noncompliant with the requirement that the audit committee of each issuer must have the specific audit committee responsibilities, authority and procedures necessary to comply with Rule 10A-3(b)(4) and (5) under the Securities Exchange Act of 1934. The Company or its management has engaged in operations, which, in Staff’s opinion, are contrary to the public interest. Furthermore, in light of the nature and severity of all of the Company’s continued listing deficiencies, Staff determined in accordance with Section 1009(a)(ii) that it was necessary and appropriate for the protection of investors to truncate the continued listing evaluation and follow-up procedures and move to immediate delisting proceedings (the “Staff Determination”).
(e)
Pursuant to Sections 1203 and 1009(d) of the Company Guide, the Company was given the right to request a hearing before a Listing Qualifications Panel within seven calendar days of the Staff Determination, or by March 12, 2013. The Company did not appeal the Staff Determination within the requisite time period or thereafter and has not otherwise regained compliance with the continued listing standards.
Accordingly, the Exchange, having complied with all of its procedures, is authorized to file this application in accordance with Section 12 of the Securities Exchange Act of 1934 and the rules promulgated thereunder.
4.
In the opinion of the Exchange, all of the material facts relating to the reasons for this application are contained herein.
5.
The Exchange official whose signature is set forth below is duly authorized to file this application.
6.
In accordance with the provisions of Rule 12d2-2, the Exchange has issued public notice of its final determination to remove the Company’s common stock from listing and/or registration by issuing a press release and posting notice on http://usequities.nyx.com/mkt-equities-regulation/listed-company-compliance/form-25-filings. Further, a copy of this application has been forwarded to Mr. Michael Toups, chief financial officer of Longwei Petroleum Investment Holding Limited.
Janice O’Neill
Senior Vice President
Corporate Compliance
NYSE MKT LLC
http://www.sec.gov/Archives/edgar/data/1111817/000114331313000015/lphform2503222013.htm
http://www.sec.gov/Archives/edgar/data/1111817/000114331313000015/0001143313-13-000015-index.htm
PS: excerpts from the links above.....
link to the lawsuit:
http://a.eqcdn.com/longweipetroleum/media/a565e0e836a07ef109cf61fb484f75b8.pdf
PS: wish they would have filed a 10-Q too!!!!!!.....it might have given a bit of updated transparency...also, it wasn't Geo that got them on the Greys, seems to me that was pretty much their own doing.....
OK, let me list the Longwei series of events, as I understand them:
on Jan 3, 2013, a report is put out by GeoInvesting accusing LPH of blatant fraud (basically, they say it's a hollow business).....this is after a nice run in the stock price.....
after a huge drop, the Co never trades again under the symbol LPH....This was due to a T2 Halt.....the Co says they intend to "vigorously defend itself", and I assume the T2 halt was done at the Co request....it's a "pending information" halt.....
March 11, months later: Longwei reports
a Notice of Delisting from the NYSE MKT (the "Exchange") that its securities are subject to being delisted from the Exchange for failure to comply with Sections 132(e), 134, 801(h), 803(B)(2)(c), 803(B)(4), 1101, 1003(d) and 1003(f)(iii) of the NYSE MKT Company Guide (the "Company Guide").
they also say they will continue to defend themselves!!!! (despite never filing a 10-Q, just the NT in February)
Today: The Co starts trading again on the Grey Sheets as LPIH
so.....in the end, it was the Co's "clamming up" that got them put on the Greys.....yes, they did not "voluntarily delist" technically, but they kind of forced the issue by keeping the stock frozen with a T2, and not filing their 10-Q.....
anyway, another China Scam bites the dust, it seems......
It's grey now.....that should mean no bid or ask.......
well, I was thinking it could also be SEC suspended for misleading and inaccurate information from the Co, especially if it turns out their business was a scam!!!!......which it seems to have been, IMO.....
(sans future filings or not.......I would not hold my breath on those)
Grey Sheet halt question:
LPH became LPIH today, a Grey sheet.....but it's my understanding that the halt for the past months has been a Co "self-induced" halt (sorry, don't know the lingo or codes)
Can the SEC still come in at a later time and suspend an already Grey Stock for another 10 days if they find cause????
PS: I have no idea!!!!
Grey Sheet halt question:
LPH became LPIH today, a Grey sheet.....but it's my understanding that the halt for the past months has been a Co "self" halt (sorry, don't know the lingo or codes)
Can the SEC still come in at a later time and suspend an already Grey Stock for another 10 days if they find cause????
OK, later.......sorry for your loss.....
the real knife in the back is how they halted THEMSELVES all this time......while saying they were preparing to "vigorously defend"......
shameful.....
PS: can the SEC still call a halt of its own for 10 days if they find cause????
like it matters.....
I don't think I can find a connection to Stanton and that one......but with his vast web, who knows for sure!!!!!
I never owned it, just a "fan" of John Stanton and Toups, who once worked for a "Stanton" Co as CFO.....
PS: like I said earlier, Stanton's sentencing is scheduled for next week......
I'd rather buy a reporting B/K delisted "Q" stock than this one, no matter how low it goes......but that's just me!!!!
good guess!!!!
I thought you were telling everyone to hold for .40??????
Don't sell too cheap, Shorts have to cover, hold for above .40.
they went totally grey, never really defended themselves, no 10-Q....all this after a big pop (some might say PUMP) in PPS......
looks like there was nobody behind the curtain except a PR effort and token business, IMO.....scratch off another China scam......
Geo was right.....or mostly right.....little of substance....
PS: get the link before it goes dead, if you are a plantiff
http://www.longweipetroleum.com/
LPIH, Grey Market:
http://www.otcmarkets.com/stock/lpih/quote
http://www.otcmarkets.com/investors/otc-market-tiers
Grey Market
There are no broker-dealers quoting this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
Longwei Petroleum, LPIH (formerly LPH)
http://www.otcmarkets.com/stock/lpih/quote
how could Toups say NO when he signed this????
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85994322
I'm not an securities law expert, but it seems a BIT fishy......
2/15/2013:
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
o Yes x No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
2
Longwei Petroleum Investment Holding Limited
Name of Registrant as Specified in Charter.
Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: February 15, 2013
By:
/s/ Michael Toups
Name: Michael Toups
Title: Chief Financial Officer
http://www.sec.gov/cgi-bin/browse-edgar?company=longwei&match=contains&action=getcompany
don't know, but his "mentor" Stanton is scheduled for sentencing next week......
foreshadowing???.....let's HOPE!!!!
PS: so, did Longwei ever "vigorously defend itself" in ANY manner at all, besides saying they would in a few lame PRs and filings???.....
PPS: and that reminds me, they filed for the extension!!!!....what weasels....
bloodbath, as expected.....(so much for the anxious "short covering" spike).....
sorry so many got taken by another CFO with historical ties to John Stanton.....
there out to be a LAW.....(or is there one already????)
it's a logical flaw to think that just because the WORSE case scenario predicted by SOME does not happen, the BEST case of success predicted by SOME will.....or ever will.....
reality is typically not black and white, and that is giving a generous description of penny stocks, since the ending shade is typically very darkly skewed by a longshot......most likely there is no uplisting, no great profits, no revolutionary product or IP, etc, etc.....we have all been around the block, I assume, and this should come as no surprise....about all a person can be somewhat confident in are the swing-trade opportunities along the way, and that insiders have a funny way of making out, independent of the common shareholders' results......
there are NO bad stocks, just bad times to buy and sell.....there are plenty of good and bad public Cos though... everything is timing....everything.....JBII has had some great trading opportunities, but eventually it gets tougher as the fizz gets diluted out.....
seriously, I have seen lots of blatantly more flawed Cos take a long time for serious bad stuff to happen, if ever....sometimes things just wind down slowly as business does not pan out with the touted profitability, and business plan after business plan slung against the wall.....it's not always a sudden collapse.....in fact, another "alt fuel" stock I have been extremely critical of for many years is still a few pennies in PPS, years after going non-reporting.....it was over $2 in its heyday.....
Almost Famous (Trailer)
a great movie!!!!!
for non-reporting Cos, the standard restriction period is ONE YEAR.....
(it used to be two years, but this rule had been changed February 15, 2008)
http://www.duanemorris.com/alerts/alert2700.html
These amendments shorten the holding period for purchasers of restricted securities in private placements and recipients of these securities in mergers and other business combinations. In addition, such purchasers or recipients will be subject to fewer technical restrictions upon resale of the securities. As a result, the cost of capital for issuers of restricted securities will decrease by reducing the liquidity discount typically associated with those securities, and by reducing the need for issuers to agree to file and maintain the effectiveness of resale registration statements for the benefit of investors who purchase restricted securities. This resulting greater access to capital may portend an increased attractiveness of restricted securities as a form of acquisition currency.
http://www.sec.gov/investor/pubs/rule144.htm
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.
Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, including employee stock options, the holding period begins on the date the option is exercised and not the date it is granted.
ITEM 1A. RISK FACTORS
Concentration of ownership among our existing officers, directors and principal stockholders may prevent other stockholders from influencing significant corporate decisions and depress our share price.
As of the date of this report, our officers, directors and existing stockholders who hold at least 10% of our shares will together beneficially own approximately 17.03% of our issued and outstanding common stock. As of the date of this report, our founder and current Chief of Technology, John Bordynuik owns approximately 4.81% of our issued and outstanding common stock. In addition, Mr. Bordynuik is the sole owner of our issued and outstanding Series A Preferred Shares, consisting of 1,000,000 Series A Preferred Shares. The Series A Preferred Shares have voting rights that are 100 times the voting rights of our common stock. Therefore, Mr. Bordynuik controls approximately 50.65% of the voting power of the Company’s share capital. Mr. Bordynuik’ s voting ability is limited to certain matters of the Company, pursuant to an agreement with certain shareholders of the Company, however, even with these limitations, he is able to exert a significant degree of influence over matters requiring shareholder approval, including the election of directors, any amendments to our articles or by-laws and significant corporate transactions. The interests of this concentration of ownership may not always coincide with the Company’s interests or the interests of other stockholders. For instance, officers, directors, and principal stockholders, acting together, could cause the Company to enter into transactions or agreements that it would not otherwise consider. Similarly, this concentration of ownership may have the effect of delaying or preventing a change in control of the Company otherwise favored by our other stockholders. This concentration of ownership could depress our share price.
I think the judge should be sued!!!!
Can the Judge be sued if it is discovered he signed the settlement after family and friends bought JBII on this drop from the 10K filing?
I'm thinking that thanks to this court case, the Judge was made aware of JBI and now his family and friends have a new investment they own in their portfolios.
how can someone who is barred as an officer still hold over 50% control of the Co??????...it's unfathomable....
nice system there......change a title, give yourself the largest salary, and carry on controlling the Co!!!!!!
a Titan Arum by any other name.....
winning the endgame by losing the exchange
in chess, it's well known that a rook is worth more than a bishop (typically, the rook is considered to be worth 5 pawns, the bishop 3)......however, in this game I had triple connected passed pawns, and decided to "lose the exchange" of rook for bishop in order to get some of my opponent's power off the board as the endgame commenced.....
computer analysis later showed this as not the optimal move, in its "opinion"....the computer looks for the BEST move to maximize score, and doesn't lose the exchange unless the result is tactical...people are sometimes better at strategy, and seeing the "big picture"....often it makes more sense when playing a human to get 'er done by simplifying.....
triple passes pawns can be very powerful, and they more than made up for the exchange of a rook for bishop.... this enabled the pawns to march up the board with less resistance....also, I had these valuable pawns remaining due to outplaying my opponent a bit in the middlegame, and plinking off a few here and there, creating the imbalance....
the outcome was inevitable, so my opponent resigned when it was mate in 1.....
MLM playing White
1.e4 e5 2.Nf3 Nc6 3.Nc3 Be7 4.Bc4 Nf6 5.d3 O-O 6.O-O d6 7.h3 Na5 8.Bb3 Nxb3 9.axb3 Bd7 10.Be3 Bc6
11.Re1 h6 12.Qd2 a6 13.Ne2 Bd7 14.Ng3 Nh7 15.Qc3 f5 16.exf5 Bxf5 17.Nxf5 Rxf5 18.Qc4+ d5 19.Qg4 Qf8 20.Bxh6 e4
21.Bxg7 Qxg7 22.Qxf5 exf3 23.Qxd5+ Kh8 24.Qxf3 c6 25.c3 Rg8 26.Ra4 Rf8 27.Rf4 Bd6 28.Rxf8+ Qxf8 29.Qh5 Qf4 30.g3 Qg5
31.Re8+ Kg7 32.Qxg5+ Nxg5 33.h4 Nf7 34.f4 Nh6 35.Kg2 Kf7 36.Rd8 Ke7 37.Rh8 Nf7 38.Rh7 Ke8 39.Kf3 Nd8 40.f5 Be7
41.Rxe7+ Kxe7 42.g4 Kf6 43.Kf4 c5 44.g5+ Kf7 45.h5 Nc6 46.h6 Na5 47.g6+ Kf6 48.h7 Kg7 49.f6+ Kh8 50.Kg5 Nc6
51.Kh6 1-0
maybe, just maybe.....P2O DOESN'T WORK!!!...(from a financial point of view, that is the evidence so far.....not even close to WORKING in that sense)....
I think I have been saying this for quite a while now....that basically this is a very difficult business to make money in, ......anyone can lose money doing pryolysis, but that ain't the definition of WORKING in my fiscal book......
maybe it's just that simple.....
PS: of course, as we have seen, P2O WORKS when it comes to selling shares.......yeah, just "visiting the OTC", so much history of BS I actually wonder why anyone believes a thing they say, "expect", "may", "might", etc anymore.......also, I have no idea why even a believer would have such aversion to flipping some from time to time, and cutting down cost basis by reducing principal, instead of adding more and more eggs.....this concept of "loyalty", especially to a Co that has treated shareholders so poorly, is a crock.....they owe YOU something for your greenbacks loaned, not the other way around (WTF?)....Joe the Shareholder might as well get a taste too, IMO.......
oh yeah, Pinocchio also said traders lose, shareholders win.....when the stock was like $4 or so, if I recall......how nice that was too....
thanks for the compliment......but the chess moves in my sig are a trap, set up to lure the unsuspecting....
wait......maybe it DOES apply here!!!!!....who would have thunk it....
When the company finally comes out with a statement, we may be surprised with moves that rival MLMs chess game
well, here....I hope I saved someone a bit of time in the question compilation:
I think I see a few that might be tentatively known, but most of these seem to remain unknowns...
(from last year....time flies when you're tinkering!!!!)
Operational:
1) Time required to build each machine
2) Cost of each machine
3) Timeline of Company’s future operations (3-5 year plan similar to how commodity companies update shareholders with operations update) – timing of rollout, approximate timing of permit application process, estimated production level)
4) Storage and logistic issues in future sites
5) Permitting issues update (ex: road blocks in increasing through put re: DEC) or anticipated future issues
6) Patent protection / trade secret
7) Are there enough steady local feedstock supply? Any potential long term contract as it is an important variable in Ontario (given the smaller population etc)
8) What happened to Chrysler, why is it no longer listed as being a partner with the company?
9) Any potential legal/operational/logistical issues
10) When will JBII be able to produce and sell P2O fuel at the rates claimed either pre or post the new SWP limits approval.
Is there a reason not to generate fuel at the original
If JBII is not able to generate P2O fuel at the claimed rates, why not?
11) Has the company hired any additional engineers since Mr. Rauber became CEO?
12) What of the NY State, #6 fuel oil ban debate? Will clean JBI #6 fuel be still allowed under the new law?
13) I would also like to know what's going on with the premelt. We were supposed to see a premelt that consumes large plastic items, but we have only seen shredded plastic entering the system.
14) Does RKT have enough plastic waste sans the ability to process raggertail? Can JBI shred plastic at its Niagara Falls facility and generate a profit.
15) Is there a large, committed plastic waste stream of the right kind to begin serious commercial production?
16) Why hasn't commercial operations capable of demonstrating the company's claims of cost and profit commenced?
17) What is the longest time processor one has run for at one time?
How much plastic did it consume in that time? How much sellable product did it produce during that run (#2/#6 or whatever)?
How many people were involved in any way in running the machine during the entire run? What was the source of the plastic?
What did it cost ie if free was freight paid by the provider or JBI? Was all the output either sold or used for customer testing?
Was this run before or after the pre-melt was added? Was the processor running at capacity the entire period?
18) If the NYDEC approves the throughput volume, can that the throughput immediately ramp up to the regulatory volume level or will there be materials handling issues?
As processor volume manufacturing ramps up will there be alternative domestic manufacturing facilities?
19) Will JBI have a min amount of fuel stored at any given time as production ramps up, if so, what are the quantities for each fuel type to be stored and that level maintained?
Financial:
1) Will the company be issuing financial (high level P&L and balance sheet – Earning estimates) and data projection
Other:
1) Potential Long term contract similar to Rocktenn
2) Public awareness – international expansion
3) Qualification of government grants (as alternative power companies receive millions in grants each year, not sure if JBI qualifies)
4) Is Al Sousa still involved in any way or have the FL sites been put on the back burner?
5) Any progress with the SEC...estimated time frame for it to be resolved?
6) Will investors be allowed to schedule a visit to tour the plant?
7) Regarding the recent magazine article, John commented that there are now plans to build 5 processors at NF and to install a 275KW generator there. Is this true? What's the progress to that end?
8) Do you consider the concerns expressed by the former CEO in the most recent 10-K under the heading "Techniques employed by manipulative short sellers may drive down the market price of our common stock" to be serious concerns? Is there any evidence that the company's share price has been effected by such techniques?
I noticed that their address has changed in 2012, wonder what happened to the Thorold HQ????.....maybe it was so the new "Oinker" CEO would have an easier weekly commute???!!!
(well, at least it's closer than juicy Cambridge, MA was!!!)
1783 Allanport Road
Thorold Ontario L0S 1K0
(Address of principal executive offices)
Filing Date
2012-08-09 (2nd Quarter)
http://www.sec.gov/Archives/edgar/data/1381105/000121390012004315/0001213900-12-004315-index.htm
20 Iroquois Street
Niagara Falls, NY 14303
(Address of principal executive offices) (Zip Code)
Filing Date
2012-11-08 (3rd Quarter)
http://www.sec.gov/Archives/edgar/data/1381105/000121390012005970/0001213900-12-005970-index.htm
PS: last year's 10-K
We conduct our P2O operations at our facilities located in Niagara Falls, New York and Thorold, Ontario, Canada. Our corporate address is 1783 Allanport Road, Thorold, Ontario, Canada, L0S 1K0.
Corporate Office
We own approximately 5,000 square feet of office space in Thorold, Ontario which serves as our corporate headquarters.
this year's:
Our Niagara Falls operations are situated on eight acres which can accommodate expansion of our growing operations. This facility also serves as the center of our research and development operations and our administrative offices.
Thorold, Ontario Office Building
We own approximately 21,000 square feet in Thorold, Ontario, consisting of 5,000 square feet of office space and 16,000 square feet of warehousing and storage space which serves as storage for the Company as well as offsite IT operations. This property is encumbered by a mortgage of approximately $280,000.
ya think????
that isn't what we were promised at the AGM
yeah, and the other AGMs were different in what way?????
like I said, look to the juicy common denominator.....is it not the person with MAJORITY CONTROL who is ultimately responsible for the well-being of the Co???
PS: yeah, tough concept there..... ACCOUNTABILITY....
..basically we don’t get paid unless the shareholders gain value.
JB, 2009
http://www.wallstreetreporter.com/2009/12/jbi-inc-otc-bb-jbii-ceo-interview/
Rauber may not have been able to foresee all the hurdles involved with an enterprise like this
kind of strange that skeptical posters have "foreseen" this for a LONG time, yet ALL those on the INSIDE have no sight????
just maybe ALL those feeding at the PIPE trough (OINK, OINK) "hear no evil, see no evil", because it would be an inconvenient truth???
I forgot.....who in the Co is getting the "fastest" salary of all????
(the below was stated long before the current management got on board the JBII pork train)....OINK, OINK....
....basically we don’t get paid unless the shareholders gain value.
http://www.wallstreetreporter.com/2009/12/jbi-inc-otc-bb-jbii-ceo-interview/
RAUBER,INGHAM,BOGOLIN ARE FAT HOGS FEEDING OFF THE SHAREHOLDER'S EQUITY PIPE MONEY
They are quite comfortable with the fat salaries they earn no matter the stock price
Furthermore, the conclusions drawn by SAIC were based upon a number of assumptions made at the time of the report that may be outdated or incorrect or that may prove to be incorrect in the future. Management's current assumptions may differ and additional events, risks and uncertainties may cause JBI's actual results and performance to differ from SAIC conclusions or projections.
well, they covered all excuse-bases in that non-denial!!!!....this or that.....or MAYbe something else, wink wink!!!
what a crock.....what was described above is pretty much what happened:
may cause JBI's actual results and performance to differ from SAIC conclusions or projections
yeah, it MAY happen, who would have thunk it....it DID......they came right out and warned everyone, but just happen to also leave the imagination window open for optimists' imaginations (yeah, things were really BETTER than the original report, that's why they were disavowing it!!.....OK, sure.....)
http://ih.advfn.com/p.php?pid=nmona&article=54502505
this is the fourth or fifth time they promissed to deliver and didn't
a common theme on many topics, it seems!!!!!.....
so.....since the last AGM, the shiny new management of hope have become the latest fall guys.....
yet the juicy common denominator for 4 years, with over 50% control, remains on the pedestal of greatness......
an interesting PITCH......