Just watched it at this link:
http://www.discoverychannel.ca/Showpage.aspx?sid=13287

The show is aired in multiple segments. You have to use one of the arrow buttons to move to the next part of the show. JBI is the first topic in the third segment. The segment you want has a total running time of 7:03 and JBI si covered from about 0:40 TO ABOUT 5:20.

I would say that statement is likely true if you are talking about legal short selling. I personally think more than the legal type happens for JBI and many, many, many other stocks. And on that front, I disagree with your statement.

So true, but alas, a Ted Henry never worked for JBI, so you could also compare Jacob Smith to every Mark Smith or Ron Wilson or Englebert Humperdink in North America and be able to make the same statement.

I presume that did not surprise you?

I would say that is not surprising in the least.

IMO, once it was clear we were ditching Pak-It, his days were numbered.

As I posted a few weeks ago, I was not and remain unconvinced that the SW permit update will go through the same website modification step.

I do not think they would have had to correct any inconsistencies between the SW permit and air permit if the SW permit has not already been updated.

I could be wrong, but I personally believe they are both now done.

One has to think the SW permit update is also completed at this point. I suspect JBI can now run at 4000 lbs/hour/machine.

Doesnt JBI get 30 days to get the 10K filed before a letter is sent out, if I remember your post from many moons ago?

I suspect this issue is why we do not have a 10K yet.

I find that very peculiar.

Well, with JBI, it has basically been sell lately, whether it is rumor or news. I look forward to when that changes and hope it is sometime before summer.

Thanks! Hope you are having a great Sunday!

I think the company still exists. That is about as far I as go

FYI, I sent an e-mail laying out my thoughts about and support of this idea to JB and the board sometime within the last year. Never heard anything back about whether they were interested or not but I do know they got the e-mail.

And Commando is correct, the military is pretty good at recycling. In fact, last time I checked, I am pretty sure the Air Force is 1st or 2nd on the list of greenest entities within the federal government.

Away all day. Was price drop at the end due to volume or anything specific?

I do not find it inherently bad to guess what a company will produce over a given span of time, predicting the future as you say.

What I find inherently bad is when people try to deem those guesses as telling, particularly when some try to paint those guesses as fair, reasonable, easy.

If I have a 10 year record of producing widgets through good and bad times, then it is fair for people to guess what I will produce in the next quarter and judge me on it.

If I am just moving into widget production for the first time and people want to paint my number of widgets produced as telling of my success or failure, well I would simply describe that as, at best, assanine and, at worst, malicious.

I think JBI has made so many improvements and strategic moves in the last 12 months all in preparation for gigantic future success that I hope no one will try to use production in Q4 or Q1 as somehow evidence of failure or worse. But, alas, I do understand it is the American way.

Easy to clarify.

JB said the 2 machines are running at 2000 now.

You want to assume that means they will run that way for all of March so you can get the highest number possible.

But no one really knows whether those processors will need to be down 0 days, 2 days or 10 days to get processor 3 running or do some other thing that needs to be done for the long term.

Additionally, no outsider will know if something unexpected happens during the month, which happens in life and business, that requires the plant to not operate for a day or two.

So, yes, any number you or I post is just a guess and banter and any assessment of success or failure of the company for the quarter based on these guesses is simply foolish and just part of the game here.

No, it would not be cause for concern since the numbers bantered about here are just numbers selected by outsiders and people who do not know squat about what JBI is doing day to day or where the company is looking to head..

Sequential growth in revenue Q over Q in 2012 is all I care about. As long as that happens, I am not worried at all.

We shall see. Either way, by the end of March, you can bet it will all be put to bed and we will be running at 4000 lbs per hour per machine And for now, I guess we are stuck with just generating approximately $20,000 in revenue daily. Just keeping it real.

Actually anyone who contacts NYDEC can get an answer to an NYDEC regulatory question such as that one. JBI is not the gatekeeper to regulatory requirements or protocols.

Incorrect. You assume because the phrase "modification of this permit" is used that it means an "application" is required and that the submission will appear on the website like permit modifcation applications seem to do. You may be right and you may be wrong.

As I noted in my edit, I see no language indicating a "modification application" is needed.

And worth noting is that JBI used the language "apply" and "application" when discussing the 2 to 4000 pound change. When referenceing the changing of the SW permit, JBI uses the word "amend". I find that interesting

By the way, thanks for the capacity paragraph link. The sentence about the capacity numbers NOT being a limit suggests my logic about this being a precedural step more than a regulatory decision is a correct one. And, whatever, the procedure is for getting the capcity number changed, it will be quick because it 1) is not a toxics regulatory decision, 2) amended management of plastic waste is quite simple, and 3) government entities want JBI producing as much fuel as possible as quickly as possible becasue they are pushing plastic wastes toward his facility.

You MAY be right, but you also MAY be wrong.

If you read that paragraph carefully, it is not so clear as you suggest. It clearly states that numbers for the approved capacity is NOT a limit, suggesting the approved capacity is based on the plans and that those plans have to be amended before taking more waste per day.

Note how it mentions "written approval" and then mentions modifying the permit. This reference to modifying the permit may well mean nothing more than physically changing the numbers in this paragraph after one person reviews the amendments and drafts a letter agreeing the amendments are sufficient.

If anyone is shorting or waiting to get in because they think they are going to get a heads-up the process is moving forward via the NYDEC website, they may be in for a surprise. Worth noting I see nothing in your link about "application". Worth noting, the evidence from JBI suggests an application may not be needed as it appears they filed the amendments with the annual report to NYDEC and, in turn, not with some formal "application"

You might want to check into whether JBI even needs a "modification".

Can a company alter a permit in NY via an amendment without it reaching the regulatory level of being a "modification"?

That is the question

I have been wondering about that myself for quite some time. I am not sure the steps to increase the air permit is the same as for changinging the SW permit. Consider the language in the PRs:

From the Jan 20th PR regarding the final emissions report-

Have you spoken to NYDEC or assuming they have not recieved it because nothing is showing up on the web site??

Damn, that reads soooo well!

Sorry, I have terrible memory about that stuff. It might have been in a conference call, or possibly a board report back from the first AGM, just not sure.

Thanks Raw.

The $132K of P2O is basically 1300 barrels or so.

Based on the CC, we know JBI has likely already processed at least 3000 bbls.

This leaves 1700 to account for, if one is so inclined.

Approximately 400 bbls went to Indigo in Jan.(we obviously know this was in Q1)
Approximately 534 bbls have already been delivered to the fortune 100 company (Probably safe to assume this was in Q1 as well)

This leaves approximately 760 bbls unaccounted for (obviously some went to potential customers for testing.

I have not gone back to see if we have any idea how much we have sent to Coco Paving. But I might be able to make an esitmate from past 10Qs.

Nothing really important, just playing around to see if anything is intriguing in the numbers.

Maybe my favorite subtle line from the JBI CC:

In the 17th minute: "We also have a significant project based management system to handle the various projects that are going on at sites outside of ours."

Can someone help a fellow out and tell me the P2O-specific revenue generated by JBI per reported quarter this year WITHOUT the recycling revenue mixed in? I know some long or short has this handy

I think this pic is pretty new. I like how tight the set-up is. Looks good!

http://www.plastic2oil.com/site/advantage

Hot line? More like I went to the web site to get the link you needed and it was there right in front of my face

Excited for the hyperlink to be posted so I can listen again. I always like to listen to CC's twice.

You might have missed this PR in December.

http://www.plastic2oil.com/site/news-releases-master/2011/12/15/jbi-inc-receives-air-permit-exemption

By the way, if you missed the CC, the replay is now on the company website. EDITED: The hyperlink is not up yet, It will be up shortly.

That is SWEEEEEEEEEEETTT!!

Sems obvious to me now that that new building is only a temporary fabrication facility. Look forward to hearing where 2013 fabrication will take place

So we do not even know for sure that there is a quarterly volume limit then? Ah, okay. It had been posted on this board so many times I assume it actually existed

I suspect there are two main drivers for operating at 2000lbs/hr/processor until the SW permit is officially amended.

1. I suspect the biggest driver is risk management. JB is smart enough to not make his daily business function dependent on a regulatory process he has no control over. If JBI ran at double the rate right now and burned up its alotted plastic for a quarter before a quarter ended, what would JBI do if the amendment takes longer than expected? What if something completely unrelated to JBI or their amendment brings the NYDEC to a crawl, such as the fracking issue pulling even more personnel away from their regular responsibilities? JBI would have to go idle and that would be bad, bad, bad on several levels.

2. I think a second logical reason to do 2000lbs/hr right now is ramp up. The new and improved machine just got running and this will be the first time the plant runs at commercial production rates regularly. So, why would JB be dumb enough to run the plant at maximum capcity right off the bat? The answer is he wouldnt be. I am sure his position is lets run at the 2000 rate for a few weeks and get all the pieces of the daily process running flawlessly, with no kinks, before moving up to 4000lbs/hr.

Most likely because there was no need to move that process along at a faster pace. In other words, there were higher priorities.