is still alive and kicking.....Happy 2018!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
only if the line stays still!!!!
If you keep inching toward a line. You eventually get there.
I've lost count now of how many times the line here has moved.....for ex: once upon a time the "line" was "a simple air permit".....
how could it even be POSSIBLE when the person with over 50% control has a proposed officer/director bar???
The proposed order against Mr. Bordynuik would include a five-year officer/director bar.
http://ih.advfn.com/p.php?pid=nmona&article=55963537
PS: kind of like the fox guarding the hen house, IMO....
JBII IRREFUTABLY SELLING FUEL TO US STEEL(NYSE: X)
one would think such an important item would be mentioned in the 10-K, no????.....kind of strange that they don't say a thing about it, as it would have IRREFUTABLY validated Molodynia's vague statement, as I see it:
(yep, US Steel uses #6......but does it use JBII #6?????)
"That’s a number six fuel, that’s what a lot of what US Steel uses, a lot of major companies
is it sill "irrefutable"?????....only when I see it stated in a filing, would I classify it as so......but that's just me, maybe...
But, designing production equipment that actually does what it is intended to do consistently, for long periods of time, is not a simple, black & white process.
weren't we told YEARS ago that it was a cheap MODULAR process that was ready to go, just needed a "simple air permit"?????
PS: from the "JBII Complete DD" list
Since receiving the Consent Order, JBI has simplified the configuration of the Plastic2Oil process using MODULAR racking.
The MODULAR racks are prewired and plumbed, and constructed as complete units to simplify installations and reduce costs at remote sites.
Also since receiving the Consent Order, our Plastic2Oil process has been extensively and successfully stress tested to ensure its operational integrity
in preparation for operations at remote sites.
what about the dude who hired some of those guys????
ya know, the one with over 50% of the control vote????
Quote:Plastic to Oil Conversion Rates
Jeff Good. Leaves me looking for the industrial waste stream flow rate... Always good to have more homework. Also raises a new question. I read this as 15 million tons of stuff go into the processor and XX% of it is plastic. A conversion rate (pints per pound or liters per kilo) is then XX * YY where I have assumed YY is 75% in my conservative markdown of the guidance given. Is this how I should read that?
March 15 at 8:40am
John Bordynuik Jeff (assumed YY is 75%): That is very conservative. On the last run we got 90.47% fuel (derived from industrial plastics).
March 15 at 9:11am
John Bordynuik Jeff: (your first message). 1) A reasonable plastic estimate for industrial and municipal plastic waste is that 70,000 people create enough plastic to support one processor. 2) Your math does not look right. We will not saturate at 1000 processors. Even 2500 JV's won't make much of a dent in it. Processors will process 20 tons/day (conservative). We cut this in half for our internal use. There will be two processors per site. So conservatively, with one processor running (implying one out of two) we will do 109 barrels/day/site.
March 15 at 9:24am
Jeff John, OK. I had assumed 6 2 hour cycles a day at 15 tons per cycle. Obviously some shareholders string together all of the "best case" comments and build unrealistic expectations. At 20 tons/day just the MWS 30 million tons a year support a fraction of 8200 machines at saturation. I assume industrial stream is larger?
March 15 at 9:39am
John Bordynuik Jeff ( all of the "best case" ) -- I don't think so. At 40,000 barrels/year per processor being conservative... the numbers are quite staggering. That is why we are "all in" with P2O.
March 15 at 9:47am
John Bordynuik Well, in a perfect world we'd have a half dozen P2O processors permitted at our blending site so that we can make fuels for direct customer sales. I am excited about this site because it was not simply used just for distribution. It was used to blend gasoline and many other fuels and has a lab to self test and certify the fuel. Timing of full operation this site will depend on how quickly we can obtain permits to install P2O processors.
March 8 at 10:55pm
Aaron John~You said 40k barrels/year/processor, and that each processor should produce 109 barrels/day. Does this mean each processor should run everyday?
If I were to make some guesstimates, do you a problem in these next calculations?
40,000 barrels/year/processor...
80,000 barrels/year/site
Based on $73 WTI, receiving $70 from refineries, and cost to produce is $10.
Wholly Owned Sites:
$4,800,000 Gross
$3,120,000 After taxes(35%)
90/10 JV Sites:
$4,320,000 Gross
$2,808,000 After taxes
65/35 JV Sites:
$3,120,000 Gross
$2,028,00 After taxes
March 16 at 12:23am
John Bordynuik Hello Aaron, We use 1 processor operating to be conservative. If both processors aren't running then the JV and JBII will be very unhappy. Cleanout and maintenance is minimal -- it is a continuous processor. For cleanout the reactor will reverse (which will cause anything in the reactor to leave into a separate tank) and then continue processing with no cool down.
March 17 at 4:31pm
makes one wonder where PPS would be if settlement terms turned out worse......
putting it "all on black" would have historically been less risky than holding this stock long term......I still don't get why some view this as an "investment" (if not getting discounted shares via something like a PIPE to lessen the odds).....
I think the "KISS" has been more like KIN and INSIDERS SHUFFLING SHARES
or, also known as the typical penny stock MO: Keep It Selfishly Scheming....
as usual, my opinions of those who pay themselves quite well for their expert services of dangling many carrots, quarter after quarter, year after year......
9/17 was the start....6 months is also considered "half a year" (check filings of reporting Cos if in doubt.....a quarter is a quarter business year, even if some months have less days!!!!....Business 101).....oh, and 6 months in which nothing amazing has happened except more missed goals by the Co.....and a drop in PPS....
gesh, I wish some held the Co to such standards of nit-picking time frames!!!.....lol, counting days and not months seems a bit ironic, for a Co constantly missing dates, no????.....maybe we should go to the minute???
I think I've held up my end, unlike Co items such as "Feb 28th audited", etc, etc, etc.....
so, any legal eagles want to take a stab at this one???
1) does an insider who controls approximately 50.65% of the voting power of the Company’s share capital, yet owns less than 5% common stock, need to file a form 4 if disposing????
2) if so, how could lack of a form 4 "sit" with a settlement judge????
just a speculatin' on a ridiculous laughable theory about Ontario FROZEN stuff.....
and please define: "consultants". i am unaware of such "consultants". could you please inform the uninformed?
how much compensation were they give?
LINK (excerpts)
http://www.sec.gov/Archives/edgar/data/1381105/000121390013001144/f10k2012_jbi.htm
professional fees including legal fees, accounting fees including audit and tax professional costs, certain public company required fees, consulting fees and other professional and administrative costs;
compliance related costs including environmental consulting fees, stack test and other related testing costs and permitting costs; and
This reduction was coupled with decreases in accounting fees and stock compensation expense, and offset by increases in payroll, legal, professional consulting fees and insurance.
One of the Company’s subsidiaries entered into a consulting service contract with a shareholder. The minimum future payment is equal to fifty percent of the operating income generated from the operations of two of the most profitable processors and 10% from all the other processors. This agreement relates to Plastic2Oil Marine, Inc, which the Company is currently not operating.
Between January 4, 2012 and March 31, 2012, the Company authorized the issuance of 715,198 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the date of the consulting agreement which they were issued pursuant to, and had values ranging from $0.60 to $1.48 per share. During the second quarter of 2012, the aforementioned 715,198 shares of common stock were issued.
Between June 11, 2012 and June 30, 2012, the Company authorized the issuance of 439,333 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the date of the consulting agreement which they were issued pursuant to, and had values ranging from $0.60 to $1.28 per share. During the third quarter of 2012, a total of 364,333 of these shares were issued. The remaining 75,000 shares were issued during the fourth quarter of 2012.
On August 29, 2012, the Company reached an agreement with one of the advisors involved in the May 15, 2012 private placement. In exchange for the return of the advisor’s 601,250 shares issued in connection with the May private placement, the Company converted the $162,000 short term loan provided to this advisor into a payment for general services and stock advisory services performed by the advisor on behalf of the Company. The short term loan, which had been previously classified as other current assets, was recorded as consulting expense, which is classified as a selling, general and administrative expense for the year ended December 31, 2012.
Between September 5, 2012 and September 30, 2012, the Company issued 169,226 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the consulting agreement which they were issued pursuant to, and had values ranging from $1.04 to $1.42 per share.
On October 1, 2012, the Company issued 41,399 shares of common stock to various parties for services rendered during the quarter. These shares were valued as of the date of approval or the date of the consulting agreement which they were issued pursuant to, and had a value of $0.83 per share.
so, which one was it???....all of the above???
Through this testing, it was determined that certain components needed to be replaced due to manufacturer defect, incompatibility with other new parts in the processor or malfunction
Techniques employed by manipulative short sellers may drive down the market price of our common stock.
Short selling is the practice of selling securities that the seller does not own but rather has, supposedly, borrowed from a third party with the intention of buying identical securities back at a later date to return to the lender. The short seller hopes to profit from a decline in the value of the securities between the sale of the borrowed securities and the purchase of the replacement shares, as the short seller expects to pay less in that purchase than it received in the sale. As it is therefore in the short seller’s best interests for the price of the stock to decline, many short sellers (sometime known as “disclosed shorts”) publish, or arrange for the publication of, negative opinions regarding the relevant issuer and its business prospects in order to create negative market momentum and generate profits for themselves after selling a stock short. While traditionally these disclosed shorts were limited in their ability to access mainstream business media or to otherwise create negative market rumors, the rise of the Internet and technological advancements regarding document creation, videotaping and publication by weblog (“blogging”) have allowed many disclosed shorts to publicly attack a company’s credibility, strategy and veracity by means of so-called research reports that mimic the type of investment analysis performed by large Wall Street firms and independent research analysts. These short attacks have, in the past, led to selling of shares in the market, on occasion in large scale and broad base. Issuers who have limited trading volumes and are susceptible to higher volatility levels than large-cap stocks, can be particularly vulnerable to such short seller attacks. These short seller publications are not regulated by any governmental, self-regulatory organization or other official authority in the U.S., are not subject to the certification requirements imposed by the Securities and Exchange Commission in Regulation AC (Regulation Analyst Certification) and, accordingly, the opinions they express may be based on distortions of actual facts or, in some cases, fabrications of facts. In light of the limited risks involved in publishing such information, and the enormous profit that can be made from running just one successful short attack, unless the short sellers become subject to significant penalties, it is more likely than not that disclosed short sellers will continue to issue such reports.
While we intend to strongly defend our public filings against any such short seller attack, oftentimes we are constrained, either by principles of freedom of speech, applicable state law (often called “Anti-SLAPP statutes”), or issues of commercial confidentiality, in the manner in which we can proceed against the relevant short seller. Investors should be aware that in light of the relative freedom to operate that such persons enjoy, should we be targeted for such an attack, our common stock will likely suffer from a temporary, or possibly long term, decline in market price should the rumors created not be dismissed by market participants.
Fuel Type
2012
2011
% Change
2012
2011
% Change
Fuel Oil No. 6
121,847 20,047 507.8 126,636 15,258 730.0
Fuel Oil No. 2
105,859 32,045 230.3 108,098 26,760 304.0
Naphtha
89,518 36,156 147.6 89,518 33,184 169.8
TOTAL
317,224 88,248 146.2
324,252
75,202 198.2
Fuel Type
2012 Average Price per Gallon
2011 Average Price per Gallon
% Change
Fuel Oil No. 6
$ 1.89 $ 2.62 (27.8 )
Fuel Oil No. 2
2.64 2.62 0.8
Naphtha
0.95 0.65 46.2
I would think WHAT is in the filing is more important than a few days difference as to WHEN it's filed.....
(providing it's not late, of course)....
long term holders of this security have been obliterated through various means (like all the reverse splits throughout the serial symbol changes and random "business plans") .....so I think my opinion has a quite a bit of evidence to back it up.....
flippers might have done OK from time to time though.....but those who can not remember history....well, we know the rest!!!!
no pi for Stanton today, what a pity!!!!
http://en.wikipedia.org/wiki/Pi_Day
PS: let him eat cake on the 25th!!!
scams, shams, one letter difference!!!.....same general results for long term shareholders....
looks like FB has stabilized for a bit....BORING!!!!!
it's going to be tough resistance, IMO.....
seen a few WDC commercials on TV lately.....interesting....
STX and WDC hitting multi-year highs......who says the HDD is dead????
WDC, multi-year highs.......NICE!!!!
sold a few at 22.25, holding some just in case.....best of both worlds!!!!
stop insulting amoebas!!!......at least they don't commit stock fraud.....
that works out to about $900K in fuel value, assuming 1kg => 1 liter....about 9000 bbls @ $100 (which I think is being generous with the numbers)
pretty impressive for a Co losing more than that a month!!!!
And yet as of a 9 months ago JBI had processed over 2.4 million pounds of plastic.
no happy endings for you!!!!
i do not have any private massages but please try to get contact info so i can talk to XXXXXX! thank you
I've been here before, just not recently!!!!
smart....I've collected my share of ammo as well, knowing prices will only rise long term (ex: look at world lead reserve projections).......but seeing .22LR go through the roof like it did was a bit unexpected!!!
Plastic is fed into a rotating kiln that drives off any moisture and melts the plastic
since this is a sealed process, driven off WHERE????.....are you saying the pre-melt is really a drying process???
also, I thought pryolysis acted to vaporize the plastic, not boil it??? (thus the low temps)
PS: yep, I don't understand their super secret process at all....that's for sure!!!!!.....maybe that's why it apparently has so many issues making a profit.....
I think the original point is unknown inputs can cause unexpected consequences....
maybe THAT'S why the original reactor failed, due to unexpected chemical wear, and not the unconfirmed "heat cycles"....who knows for sure, never seen it explicitly explained by the Co how it WORE OUT.....
(thank god my car engine doesn't prematurely fail due to excessive heat cycles!!!)
PS: salt is a corrosive, no melting needed.....but salt isn't the point, just a common example....
I don't even know where to start!!!!....boiling water is to kill microbes, etc.....unless one is distilling, it does NOT remove a thing....
2nd point, since when are they BOILING plastic molecules???....thought they were melting and cracking???
as far as "longs winning big", wake me up when that occurs...I see traders who won, PIPErs who won with discounted shares, insiders who have won, etc....
Dead wrong yet again. Boiling contaminated water leads to water that humans can drink.
Likewise, boiling plastic molecules leads to contaminat-free fuel. The boiling point of salt is over 1400 degrees, a termperature that doesn't occur in the process. There would be no salt in the fuel.
The beauty about a process that involves boilng points through a distillation tower is nothing gets through except the desired hydrocarbons. Dirt, metal, dyes, ink, and even deadly lethal salt (ROFL!!!!) -- they don't boil at the same temperature as diesel.
Longs win. And big.
salt does not need to be melted for it to be separated!!!.....
http://en.wikipedia.org/wiki/Chlorine_production
"operating" must be one of those juicy words like commencing (production)...
sounds good on paper, and can mean whatever someone images it to.....
I hear there's a Co turning plastic boots and excess duplicated rubber ducks into oil!!!!!
Who else besides JBII does this?
I think lots of it is hoarding.......when folks get their fill, I expect the shortage to lessen.....
until then, less plinking, I guess....
PS: hell with gold, ammo seems like a great investment!!!!!