Unfortunately, the new CEO probably based his guidance on what Honest John told him, which is not exactly fool proof, as Honest John has a history of not always telling the "complete" truth.

I'm hearing that the new CEO hasn't even been around for the complete month of August. I guess he already needed a one month vacation.

Maybe Honest John can get Kevin to invest in a dictionary. I positively think this would be a good use of pipe funds, as it certainly appears good ole Honest John doesn't understand some of the "large" words and phrases he commonly uses.

Here's just a short list of examples.


Large
Largest
Worlds Largest
Complete
Completed
Near Future
Maxes Out
Filing
Filing for Patents
Filing a Prospectus
Serious Cash Flow
2500
170
Positive Feedback
Synergy
Land Rush
35% Tax Rate
Simple
Transparent
Uplist
Weeks not Months
Over The Next Week
Immediately
24/7
Arms Length Deal
Comprehensive

I'm sure we're probably missing a few, so feel free to add to the list.

We can also include the word "near" to the list of words John doesn't understand. John likes to use the word "near" when speaking about how "near" things are to "completion" like the time he said:

"Towers and reactors have been fabricated for the third P2O processor (the “Processor No. 3”) and the Company looks forward to bringing No.3 online in the near future."


Honest John said that just about 6 months ago, so apparently the "near" future is more than 1/2 a year or more away.

Here's the short list of words/phrases Honest John gets confused with:

Complete
Completed
Large
Near Future

Anyone else have any other definitions of words/phrases Honest John needs to learn? If so then feel free to add to this list.

Good ole Honest John said the premelt would allow for unshredded "large bales" of compacted plastic.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011006335/f10q0911_jbi.htm

We then later find out that the mouth of the premelt/processor is only 24" - with out a ramfeeder the bales would need to be substantially smaller than the 24" small opening to prevent jamming.


Interestingly, this company has never even seen tiny 24" bales only "larger" ones:

http://www.caplasticsmarkets.com/info.php?p=handling


Throughout the industry we have seen the following size bales:

45 x 36 x 45
45 x 45 x 45
45 x 30 x 45
45 x 30 x 70
52 x 32 x 76
48 x 30 x 72
42 x 30 x 48*
48 x 36 x 72**
54 x 36 x 60**


Good thing he designed the system to accept "large" Bales in sizes that nobody makes *genius*.

It appears when can now add the word "large" along with "complete" to the list of words Honest John doesn't understand the meaning of.

Speculation until proven that the petcoke removal system works and is viable over long processing periods, "the premelt will take care of the steel" is just more speculation and still unproven.

Yet, they were only there for three days and not for the 3 weeks of cleaning pre run or post run.

I don't care what they saw, I'm more concerned with what Honest John didn't let them see.

Here's some reality since you prefer it.

(1) SAIC wasn't there post run to examine how long it takes to clean out the processor post runs. So they only saw what Honest John wanted them to see - that's a FACT.

(2) Monofills won't dig themselves up, another FACT.

(3) Raggertail processed over a short run is no big deal - read one again.


Lastly, "Two small "tumbleweeds" of clean dense bailing were present from processing some paper mill ragger tail waste.

Two small tumbleweeds doesn't sound like they ran much raggertail at all, from processing "some" not tons but "some" - so much for any proof that raggertail is viable.

Fact:

The only "reality" is that processor number one was broken while only running plastic with no steel.


Fact:

The other "reality" is that processor number two is getting fouled with petcoke with no announced solution.

Fact:

Big deal they examined the processor running, so did SAIC that doesn't mean squat. SAIC was there for a total of three days after three weeks of cleaning, they weren't there for the cleaning post run.

The only "reality" is that processor number one was broken while only running plastic with no steel, the other "reality" is that processor number two is getting fouled with petcoke with no announced solution.

Big deal they examined the processor running, so did SAIC that doesn't mean squat. SAIC was there for a total of three days after three weeks of cleaning, they weren't there for the cleaning post run.

They saw what Honest John wanted them to see, and it doesn't appear to be the whole truth.

What exactly is new news? JBI had the green light to seek permit approval over one year ago, the fact that they're still seeking permit approval now isn't exactly new news.

They haven't even broken ground yet, this is moving at glacial speed.

Besides, the current processor can't even handle petcoke, what do you think raggertail will do to this processor? How often will they have to stop and cool down the tank to remove not only the petcoke but also the steel?

Jbi would like everyone to believe this is a slam dunk, however they haven't even announced a solution to the petcoke yet.

How come JBI wasn't bragging about keeping the steel from the ragggetail or even a portion of it, why was this part redacted from all shareholders eyes?

I think you nailed it!! It's clear that Honest John has a problem telling the simple truth, it appears that he mostly likes to make it *juicy* and to keep it cloudy - that way everyone has to keep guessing what he really meant. All the while knowing that his *followers* will guess and stretch the truth some more.

From the companies own news release:


http://www.plastic2oil.com/site/news-releases-master/2012/05/15/jbi-inc-announces-10-million-financing-successful-independent-engineering-review-of-p2o-technology-by-saic-and-management-and-governance-changes


JBI, Inc. Announces $10 Million Financing, Successful Independent Engineering Review of P2O Technology by SAIC and Management and Governance Changes


Posted May 15th, 2012 in 2012 News Releases


THOROLD, Ontario, May 15, 2012 (GLOBE NEWSWIRE) – JBI, Inc. (the "Company") (OTCQB:JBII) is pleased to announce the following:


• Investment of $10 million in equity capital
• Successful independent review of its Plastic2Oil® (“P2O®”) technology by SAIC
• John Bordynuik to become Chief of Technology (“CTO”)
• Senior Rock-Tenn Company (“RockTenn”) executive Kevin Rauber to join the Company as CEO and President
• Transition to governance practices consistent with other leading companies


Any Idea what the "O" in CTO stands for?

According to Honest John in the CC call the building was completed in February.

So now when Honest John says processor 1.3 is "complete" why should we believe him when he obviously doesn't understand the meaning of the word complete?

By outlandish you must mean like saying a building is complete in February and then remembering it needs a floor 16 weeks later, that my friend would be outlandish.

JB has a long history of making outlandish claims, and some that appear to be down right lies!

We now know Honest John lied about the fabrication building being complete in February. In the same breath he also said - with the fabrication building being complete "we can now construct the rest of processor three with minimal downtime to processor one and two" implying that processor number three had already been started.

Then around 22 weeks later it's said that it takes a total of 20 weeks to build (12-14 weeks for parts and 6 weeks to build) each processor.

Either someone is now weeks late or lying again.

Wait just a minute I think I figured it out, they couldn't possibly finish processor three on time - because after building it in the new fabrication building for a total of 16 weeks -- they then decided to unasemble it, and remove it from the completed fabrication building so they could pour a floor underneath it *brilliant*!

John said the building was *complete* in the conference call.


http://ifile.it/u0teo2h/JBIICC.mp3

It's my knowledge the word complete means - having all parts, lacking nothing, whole, entire. When John lied about the building being completed - it was anything but complete.

A building with a dirt floor is far from complete, a part is missing, it lacks a finished floor, it's not whole or entire.


It seems that everything that comes out of Honest John's mouth is anything but the *complete truth*.

In the conference call Honest John said "our infrastructure upgrades also includes the completion of our fabrication building - early in 2012 it was completed"

"it serves two purposes in meeting our short term and long term goals - in the short term we can now construct processor number three with minimal downtime to processor one and two in this building.

The use never changed.

John said in the conference call that they would use it to both fabricate and to house three completed processors.

The fact is the building wasn't complete till 6 weeks prior to the AGM and not until months after John lied about in the conference call.

I don't know of any *completed* fabrication buildings with dirt floors.

Things that make you go.......Hmmmmm

I think John might want to inform Kevin about all his previous BS, that way they can both stay on the same page and or script.

Previously in the February conference call John said:

"our infrastructure upgrades also includes the completion of our fabrication building - early in 2012 it was completed"

followed by:

"we have this new building for fabrication. We effectively had to shut down the first processor to work on the second one at times which was a frustration for everyone, however we're over that and we're off and going"

"it serves two purposes in meeting our short term and long term goals - in the short term we can now construct processor number three with minimal downtime to processor one and two in this building.

http://ifile.it/u0teo2h/JBIICC.mp3

However, we now learn at the AGM that Kevin said they just finished pouring the floor 5 or 6 weeks prior.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77909849&txt2find=floor

Anyone else have the feeling that "Honest John" is a master of deception,distortion and fabrication, while spewing his hyperbole,deciet and disinformation, knowingly full well of inaccuracies and misrepresentations, that his filings are nothing short of whoppers, tales and fiction?

They were only there for three days, what part of that are you not understanding?


"SAIC was present at the Company’s Plastic2Oil facility in Niagara Falls, NY over a 3-day period, April 25-27, 2012"

They were not there for the cleaning that took place three weeks prior to "getting it just right" and according to JBI they were not there after the 3 day run.

So either you believe what JBI disclosed or you're calling JBI a liar - they were there 3 days - that's it 3 days.

So I stand by my statement that this report isn't worth squat, it only validates what the processor can do after 3 weeks of cleaning out the petcoke, etc. The report doesn't validate the total uptime for the processor, or the quality of the output after any cleaning that's less than 3 weeks - which is where the problem most likely lies.

I'm done going in circles with you.

It wasn't worth squat to truly validate the process, however your right it did sell somes shares.

Good ole honest John never disclosed the petcoke fouling problem till after the new pipe closed and not until the AGM - do you see a pattern here?

That was easy.


SAIC is a FORTUNE 500® provider of scientific, engineering, systems integration and technical services and solutions.

SAIC was present at the Company’s Plastic2Oil facility in Niagara Falls, NY over a 3-day period, April 25-27, 2012. The role of SAIC was to review the principal aspects of the Company’s P2O process, including the basic engineering design, results from testing and operations at the Niagara Falls facility, and the commercial P2O processor, which is poised for roll-out at the first RockTenn site.

During the 3-day audit, the P2O processor ran in continuous mode, with 121,318 pounds of throughput, producing 10,287 gallons of No. 6 Fuel and 4,269 gallons of Naphtha.

http://plastic2oil.com/site/news-releases-master/2012/05/15/jbi-inc-announces-10-million-financing-successful-independent-engineering-review-of-p2o-technology-by-saic-and-management-and-governance-changes

It's evident SAIC didn't think of that or they just took Juicy John's word on how long it takes to clean out the processor. SAIC was only there for three days, and only for the time it was up - maybe a thourough report would have included verifying the downtime between batches to clean and verifying the same output afterwards over several cycles?

This report isn't worth squat, it only validates what the processor can do after 3 weeks of cleaning out the petcoke, etc. The report doesn't validate the total uptime for the processor, or the quality of the output after any cleaning that's less than 3 weeks - which is where the problem most likely lies.

What we know is that processor was down 3 weeks prior to the test to "get it just right" and god knows how long it was down after that testing to "get it just right" again for another run.

I wonder why they didn't keep SAIC around for the cleaning process?

I also think, and would be willing to bet that they cherry picked "the right material" to run those three days. How much is the right material going to cost them, it appears critical to their success?

It's telling that they haven't released said report, what could they possibly be hiding, besides the number 2 fuel?

This may come as a surprise to you, but it appears the processor never worked well enough even at 2,000 lbs/hr - based on the lack of earnings and the lack of reported fuel sales to date.

I'll agree that the increase to 4,000 lbs/per hour has only doubled his problems, and that he's been stuck at the same drawing board for a very long time.

Sounds to me (would,is,has) that your as much in the dark as the rest of us, regarding the status of the petcoke removal system - but I think you effectively covered all possible scenarios...lol

Wow just wow!!


Hmmmm...your *signals* are not adding up?

First you say that "atdf (auto) is conspicuous by their absence on both JBII's bid and ask today",

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77990930

then you say "atdf usually does sign on at mkt open"

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77992083

as if they were missing in action -- then just now you post that they were there all along at 9:30:14



$1.1800 500 OTO 09:30:14 at ask atdf nite

Your right those JBI Naked shorts are hard to keep track of.

From the JBI website:

"The Petcoke residue is removed automatically and without shut down of the processor."

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

The AGM slide presentation (slide 17) tells a different story:

http://www.sec.gov/Archives/edgar/data/1381105/000121390012003969/f8k072312ex99i_jbi.htm

I think it's time to update the JBI website again, to better reflect the truth.

A poster from the AGM said "Self cleaning auto petcoke removal is next on johns list to finish design"

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77789419

This is probably why the processor can't run for any long length of time. It certainly appears that the website and the AGM disclosures conflict with each other.

Things that make you go.....Hmmmm

Your signals on JBI might be *crossed* as ATDF is and has been on the ASK at 1.18 along with NITE.

The one time JBI tells the truth in an SEC filing you don't believe them, that's hilarious.

I didn't say it was critical the company did, for your review I'll attach the slides for ya.I suggest you review the slides filed with the SEC.

http://www.sec.gov/Archives/edgar/data/1381105/000121390012003969/f8k072312ex99i_jbi.htm


CRITICAL FOR SUCCESS

RIGHT MATERIAL
VOLUME
CONTRACTING FOR VOLUME COMMITMENTS


Based on the company's statements that they can produce for a cost that's less than $10 per barrel, it's easy to understand that lowering the cost of shredding plastic is not "CRITICAL FOR SUCCESS" however getting the "RIGHT MATERIAL AND VOLUME" is.

So open your eyes, shredding costs are not critical, that leaves volume and the right material...PERIOD!

I don't care what date it's from, you said and I quote:

"JBII doesn't pay for plastic. Never has."


We'll looks like initially they did, and if they want the right type and volume they may have to again -- in fact it's now CRITICAL for them.

Negative, you couln't be more wrong and the slide in share price agrees.

I suggest you review the slides filed with the SEC.

http://www.sec.gov/Archives/edgar/data/1381105/000121390012003969/f8k072312ex99i_jbi.htm


If what you say was true they wouldn't have used words like:


CRITICAL FOR SUCCESS
RIGHT MATERIAL
VOLUME
CONTRACTING FOR VOLUME COMMITMENTS
THE RIGHT MATERIAL

Based on the company's statements that they can produce for a cost that's less than $10 per barrel, it's easy to understand that lowering the cost of shredding plastic is not "CRITICAL FOR SUCCESS" however getting the "RIGHT MATERIAL AND VOLUME" is.

What is a SWP upgrade to 4,ooo pounds good for if they can't even operate on any consistent basis at the old lower rates?

It's telling that JBI boasts about the upgrade but leaves it up to everyone's imagination on the amounts actually being processed.

Things that make you go...hmmm

Absolutely dead wrong on a massive scale.

They already previously admitted to buying plastic.

Our gross margin is driven by the cost of the feedstock (plastic waste) and other chemical inputs used in our production of fuel. We will initially purchase feedstock and other inputs both on the spot market and pursuant to fixed, short-term supply agreements.

Our profit margins and financial condition are significantly affected by the cost and supply of raw plastic waste feedstock and other inputs in the commodity markets.

page 25 -
https://viewer.zoho.com/docs/racc0h

or http://tinyurl.com/3n8tduj

I agree that there should be an 8K to announce the new SWP increase. However, what good is it - if they can't even run for any lenght of time at the old limit?

It does however make for nice and juicy speculation

According to this poster the self cleaning petcoke removal is "next on John's list to finish"

As always there's one excuse after another on why there's no production at the allowed rates. I wonder what the next delay will be?


"Self cleaning auto petcoke removal is next on johns list to finish design,when that happens continuous run times will be more that the 75% max that is current"

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77789419

JBI's CEO doesn't even live in Niagara...wow just wow!

Wake up already!!

It's obvious they need "quality" or they wouldn't have used that word. They're probably getting really poor and inconsistent results with mixed unwashed plastics, if you don't believe me just look at their earnings or lack of earnings.

The processor (number one is broken) can't handle regular plastic, I wonder what raggertail will do to them.

I also wonder what the cost of shredding raggertail is, (so much for the pre-melt) and the cost of digging it up, cleaning and drying it out will be? On top of that they need to pony up - what is it 20% of the sales to RT?

You don't even know who owns the steel, that part was redacted from your eyes, so I wouldn't count on that revenue just yet!


Looks like it back to the drawing board yet again!

P20 other wise known as Profit 2 Officers.

They said they were looking into "buying plastic" and not just because of the cost of shredding it. They need "quality" and quantity, any idea on how expensive quality shreded plastics are?