says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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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.
the chief enforcement officer at the SEC who was leading the case
Who was the 'chief enforcement officer'?
Is it your claim that she/he was fired over the JBI case brought by the SEC?
them shitcanning the dimwit that brought the case
Who would that be? Please be specific.
Again do you know what happened to him as he is no longer with JBII?
Things that go POOF™
So, when was he hired? How much did he make? When did he leave?
JBI, Inc. Acquires Large Independent Fuel Blending and Distribution Site
Posted Feb 12th, 2010 in 2010 News Releases
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) is pleased to announce that it has signed a purchase agreement for a fuel blending and distribution site.
---------------
JBI, Inc. Announces the Appointment of John Colin Robbins as Senior Vice President
Posted Dec 22nd, 2010 in 2010 News Releases
THOROLD, Ontario, Dec. 22, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (JBI) (OTCQX:JBII) announces the appointment of John Colin Robbins as JBI's new Senior Vice President.
Btw how can you be sure this problem hasn't been addressed in q2?
What do they need at this point more than anything else?
A: A successfully closed PIPE to bring in more capital.
What determines how many shares have to be sold to raise a given amount?
A: Share price.
What would boost share price right now, more than anything else?
A: News that the problems of Q1 have ceased in Q2.
And without a $83,333 severance pay or "quitting" pay!
Nuh Uh, not gunna happen, wouldn't be Prudent.
He knows things, like Rauber before him. Want him to go, and stay quiet?
Gonna have to pony up. Just like Rauber.
Hundreds of tons of plastic go through just one of those MRFs each week
And keep going, and going, and going.
Still no golden spade turning over Jacksonville sandy loam.
No rush. (No money at this point).
Is .05 or more possible here?
That would put the fully diluted market cap over $40 million.
I'm sure there are examples where people have paid 4x sales for an OTC stock, but don't bank on it.
A cursory look at the balance sheet says the company is not financially sound. Caveat Flipper.
take pictures of machine 3 going together
Machine 3 is already Old News. The new Machine #4 will have a plastic dryer/densifier, and employ the new Extra Crispy Catalyst that can handle PET and Polycarbonate. I think it's worth waiting for, don't you?
New Contest!
If you were an Accredited Investor, as defined by SEC law, what price + perks would entice you to sign up for another PIPE in JBI?
Keep in mind, the last two PIPE groups are currently under water. The 80 cent PIPErs did what they could to get RockTenn off the ground; it has gone nowhere, and the former RKT vice president left JBI with a 'no comment' bonus.
The 50 cent PIPErs from just 5 months ago got a liquidation preference, but that's only good if they find a way to scrape together $8.05 million of hard assets in a liquidation.
So, what's it gonna take for the next group of PIPErs?
Ooops, my entry:
25 cents per share, plus an equal number of warrants to buy at 0.55 per share. How many years are Bogolin's options good for?
who is responsible for bringing QVC to Capstone
Once again, they've already been on those shopping channels with the Take products (remember those?)
Full List of Distribution Channels:
CHDT employs 11 employees and a network of national sales representatives. To date our active account base consist of 21 customers. Amongst them but not limited to are:
Automotive- Checkers, Joe’s, Kragen Auto, Murray’s, Northern Tool, Performance Warehouse, and Shucks.
Book- Barnes & Noble
Catalog- Fingerhut.com, Smarthome.com,
Mass- Walmart, Target, Meijer
Online- Amazon.com, www.takeanyware.com
Shopping network- QVC
Warehouse Clubs- Bj’s, Costco, Cost U Less, and Sam’s Club.
http://www.qvc.com/qvc.product.E06087.html?ref=GBA&cm_ven=GOOGLEBASE&cm_cat=Electronics&cm_pla=Computers&cm_ite=E06087
Where would you get 30 to 80 tons a day of waste plastic on short notice?
John Bordynuik solved that problem 4 years ago when he said he had a contract for 10 years of free plastic.
Just have to trust in JB.
It's common sense that this company will make huge profits
It's common sense that if they could make huge profits, they would have, starting 2 and a half years ago.
Now the Chief of Tinkerfarking is off developing a new 4 kiln design, complete with an Extra Crispy Catalyst to pyrolyse PET and Polycarbonate, two types of plastic JBI is not permitted to use.
If he can get the money, I'm sure he's willing to spend another year in his Palo Alto like sandbox, tweaking and twerking away.
He'll make huge profits, the company will continue to burn through other people's cash.
If he can't get new PIPE money, this thing is done by Fourth of July, Cash Flow Insolvent.
The media credits were IMPAIRED
They 'impaired' them down to -0-, aka 'worthless'. 1 million shares were exchanged for a 'worthless' 'asset'. Wink.
Tic Toc
Well said.
The only change I'd make is changing 'the 15 yard line' to 'your own 15 yard line'.
A $110,000 plus $150,000 parking ticket
Plus you lose your license to drive for 5 years.
Capstone Receives First Eco-i-Lite Re-Orders From Latin American Distributor
DEERFIELD BEACH, FL--(Marketwire - December 23, 2010) - South Florida-based Capstone Industries, Inc., a wholly owned subsidiary of CHDT Corporation (OTCBB: CHDO), announced today the company has received its first re-orders on the Mini Eco-i-Lite which shipped to its Latin American Distributor last April and the Midi Eco-i-Lite shipped last August.
http://www.marketwire.com/press-release/capstone-receives-first-eco-i-lite-re-orders-from-latin-american-distributor-1373388.htm
What need is there to dry plastic ?
In addition, I thought co-feeding used oil took care of the 'densification' problem.
No problem, the Chief of Tinkerfarking (not an officer) likes new challenges.
Here's to the New Secret Catalyst. I wonder if it's in the safe with the Original Secret Catalyst already.
Based on that nonsense, when do you see the first 4 kiln design (or whatever drying/densifying mean) first being operational, and where will it be built/tested/brought online?
Shirley, not in the original building, or the new assem^h^h^h^h^h Processor #3 building?
#1 and #2 are in the original building
#3 is in the former assembly building. Where will they build the 4 kiln #4 machine?
We know they can't build it in a processor building, because then you have to shut everything down for quarters at a time.
without effecting processor operation or fuel quality.
His funny high school level education error has a funnier deeper meaning: his new catalyst will not bring about 'processor operation' or 'fuel quality'.
Oh, yeah, this is starting to get GOOD
Tic Toc
Due to the significant waste heat resulting
from the process, we are exploring technologies that will dry
and densify the feedstock by utilizing the waste heat from the
process and excess electricity from cogeneration.
I called it. 4 kiln design. Should only take another year or so to tinkerfark that into the design.
First they need a new assembly building erected, well first they need permits for a new assembly building.
So, you're saying 8 students go through
20x50, 1000 markers a month? That's 125 markers per student. In a month. Are they eating them?
Oh, yeah, this is starting to get GOOD.
The 8 students collected from their schools.
Fairly certain.
988.17 tons of plastic potentially not destined for landfill.
A month. If you include high schools along with elementary schools. And everyone participates. And JBI can logistically handle 98,817 FedEx packages (over 3,000 every day).
They need 144 tons PER DAY for 3 machines.
It's a ridiculous PR stunt by Crayola. They'll burn more diesel and kerosene than JBI will make in transporting the used markers. More pollution will end up in the air.
Crayola will quietly kill the program within the year when someone bothers to do the math and publishes it.
AGM is just around the corner
Which corner? They haven't even filed the proxy statement yet.
Have your Advanced Placement Environmental Science Students
done the calculation of how much diesel and kerosene will be burned in transporting those 20 or 40 lbs of empty markers? How many pounds of CO2 and CO and Nitrogen Oxides will be dumped into the air to get those 20 to 40 lbs of empty markers to Niagara Falls?
50 mil and three machines to show
Remember back when a machine only cost $80,000 and only took up 1,000 sqft? And it spit out 119 bbls per day at a cost of less than $10 per bbl?
Ahhh, Good Times!
Ahh, from the 10K cc, not the 1Q 10Q cc.
Thanks.
No, I'm still not buying it. They don't have the capital to build that much inventory. You have to build it before you can ship it for revenue.
H-man, can I ask where you got this line:
"Now, we understand that, at a $10 million revenue stream, the Company turns a profit and generates cash. With the strategic investments we have expensed in 2012, we feel that the 2013 goal of $15 million can be exceeded."
It's not in the transcript.
It’s not just ag-plastic that can go through this process. They can also dispose of rigid plastic.
And there's the problem. The farmers don't know the difference between plastic JBI can process (2, 4, 5) and plastic they can't (PVC).
Check the yearly waste report. -0- pounds from Madison County in 2012.
12+ tons were hauled away to the landfill, after the processor started spitting out bad gasses and bad fuel. It's all in the annual report.
He still is developing the technology
Yeah, I hear the latest design has 4 kilns (count 'em, four!). Unfortunately, they have to build a new bigger building to house it.
Maybe by end of 2014.
A 3rd order regression might 'fit' the data better
At the inflection point, the curve would bend down at increasing rates. Maybe that's a better representation of what is going on.
Umm, both those lines are valid regressions.
You choose a 2nd order regression. He chose a linear one. Can you support your choice of 2nd order?
Crayola is verry dry and good feedstock.
How many 10 lb packages of used markers is FedEx dropping off today? Got enough volunteers to de-box and de-wick them?
We have feedstock
Is it wet?
No.3 will be ready any day now.
3 machines in full production.
#3 will fix the problems stopping #1 and #2 from continuous operation?
Neat trick!
Question: Since #3 is being placed in the assembly building, where will new processors be built now?
TOO MANY EMPLOYEES FOR THIS TO BE A SCAM
It doesn't have to be labeled a 'scam' for shareholders to lose 100%.
Even legitimate start ups fail. They burned through $4 million in cash in the first quarter. They had about $4 million left at the end of the quarter.
No new PIPEs have been closed.
Splat
John Bordynuik Employment Agreement
Effective May 15, 2012, John Bordynuik resigned from his positions as the Company’s Chief Executive Officer and President and was appointed Chief of Technology, a non-executive position.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012002764/f8k051512_jbi.htm