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Here's more information for JBI newbies.
http://viewer.zoho.com/docs/ftbet
BNN Transcript. Re TSX.
I pulled the whole transcript and did not find the word TSX once mentioned on the show. Is the assumption that since JB said the word prospectus, that's what JB meant?
Host: To clarify, JBII trades today on the OTC bulletin board I believe?
JB: OTCQX? And we are filing a prospectus in Ontario over the next week.
Host: And I believe that you had to announce that you had to delay a filing. Could you clarify that?
JB: Sure. We had to file our 10K. So we went to a larger audit firm here in Canada that could do both Canadian and U.S. reporting.
pro·spec·tus
noun \pr?-'spek-t?s, prä-\
plural pro·spec·tus·es
Definition of PROSPECTUS
1
: a preliminary printed statement that describes an enterprise (as a business or publication) and that is distributed to prospective buyers, investors, or participants
2
: something (as a statement or situation) that forecasts the course or nature of something
http://www.merriam-webster.com/dictionary/prospectus
TSX? Did I miss a PR or a filing? Who said they were going to TSX?
BNN has a national audience, it's a business only channel, the publicity alone was worth the appearance. Of course JBI would want to appear on a Canadian channel, JB is Canadian, the company headquarters are in Canada, they are about to be listed on the TSX, perhaps these are good reasons to appear on BNN.
BNN has an average daily viewership of 5000 people.
"BNN attracts approximately 5,000 regular viewers daily and has a strong viewership outside of the home (in gyms, restaurants, offices, etc.)" http://en.wikipedia.org/wiki/Business_News_Network
BNN.ca has an average of 3200 people logging in a day
http://sitelatitude.com/bnn.ca
It's a LIVE show. Canadian TV market only. http://www.bnn.ca/Channel-Guide.aspx
The Pitch is an exciting new weekly show from Business News Network that hooks up Canadian entrepreneurs with the risk capitalists who are sitting on the real money... the money that brings ideas to life. During the program, start-up entrepreneurs or companies seeking to take their business to the next level will sell their business idea - and the amount of cash needed - to a panel of tough financiers and experts. The panelists will either give the pitch the green light or send the dreamers back to the drawing board. It's a fast-paced half-hour hosted by BNN's Andrew Bell. And it's 100% live, giving viewers a chance to see how the entrepreneurs perform in a high-pressure atmosphere. Wednesdays at 11:30 a.m. ET / 8:30 a.m. PT
Lot's of companies list Naptha in their MSDS (material safety data sheets).
http://siri.org/msds/man/man.html
It's used in floor cleaners as well. Maybe they can sell it to Pak-It. Any word on who the buyer is for the Naptha?
Comparison of size of the units from the websites.
• Our processor runs continuously, currently at 20T/day, and its footprint is small (less than 1000 square feet).
http://www.plastic2oil.com/plastic2oil-business.aspx
The Envion unit is assembled on a single mobile base platform with dimensions 47 feet x 13 feet (14.3 meters x 4 meters). In most cases, virtually no civil engineering is required for installation. Scaling up of production capacity only involves the installation of additional reactors, not entire systems. Unit operation requires non-skilled or low-skilled labor, further reducing the operating cost. (611 square feet)
http://www.envion.com/technology/advantage.php
19th Annual North American Waste-to-Energy Conference
Lancaster, Pennsylvania | May 16-18, 2011
Co-sponsored by the Energy Recovery Council (ERC), the American Society of Mechanical Engineers (ASME), the Solid Waste Association of North America (SWANA), and in partnership with the Waste-to-Energy Research and Technology Council (WTERT) at Columbia University, the North American Waste-to-Energy Conference (NAWTEC) is widely recognized as the LEADING industry technical conference and trade show focusing on municipal waste-to-energy operational issues and policy, technology and research initiatives.
Do you think it might be wise for JBI/P20 to get the word out, check on the competition and meet funding partners by attending this conference? Over 500 people expected to attend. A little bigger than the last event.
http://www.nawtec.org/Home/tabid/865/Default.aspx
Perhaps he can find out how far behind his competitors are?
Doing a little research about Covanta Energy and their testing of the Alphakat unit in Massachusetts and found Steve Weber from Covanta is speaking at conferences about waste to energy. There are a lot of conferences about solid waste/recyling/non-traditional fuels, etc. Might be a good way for JBI/P20 to get the word out, check on the competition and meet funding partners. Here are a few links.
http://www.nawtec.org/Home/tabid/865/Default.aspx
http://www.wte-expo.com/template_waste_en.php
http://www.beacon-wte.org/
http://www.waste-to-fuels.org/
http://www.retech2011.com/
http://www.eyeforenergy.com/biofuels/confirmed-attendees.shtml
P2O and Agilyx comparisons cannot be done without having knowledge of test results. Viscosity, cetane and sulfur levels seem to be important to quality and how equipment will operate. Any chemists on the board that can help explain these levels?
From the Islechem report(see ibox) we know the centane(sic) and viscosity levels(are the viscosity levels different for P2O at different temperatures than what is listed?)
Low cetane levels could be the reason the lawn mower smoked in an earlier video.
http://www.bp.com/sectiongenericarticle.do?categoryId=4005623&contentId=7009145
And this might be a start to explain the possible naptha sale:
http://en.wikipedia.org/wiki/Viscosity_index
The VI scale was set up by the Society of Automotive Engineers (SAE). The temperatures chosen arbitrarily for reference are 100 and 210 °F (37.8 and 98.9 °C). The original scale only stretched between VI=0 (worst oil, naphthalene) and VI=100 (best oil, paraffin) but since the conception of the scale better oils have also been produced, leading to VIs greater than 100 (see below).
http://www.otcmarkets.com/stock/JBII/chart
What's your opinion POH? Run the bollinger bands and let me know.
WOW !! A cleaning trade show.
Awesome use of JB's time IMO
The only questions?
There is no doubt that the 10K WILL get filed. The only question is how soon. The other question: How will the late filing affect the listing? E? lower exchange?
There is no doubt that fuel will be sold and the contracts signed. The only question is how soon. The other question: What kind of fuel and at what price?
There is no doubt that solid waste and air permits will be granted by NYDEC. The only question is how soon. The other question: If the DEC is working so closely with JBI, wouldn't this be fast tracked?
There is no doubt that the 10Q will be filed. The only question is will it be filed on time. The other question: Will it show fuel sales to spot markets?
It seems to me that the question is not if, but how soon before JBII makes major strides forward. The other question: Is not how soon but if JBII will make major strides forward if they keep making mistakes
If the P2O processor or processors have been running even 50% of the time since the consent order, the tank farm has been filled. Where is that P2O output going? Just suppose that it has been sold to spot markets. No contract required. That fuel is going somewhere.
Wonder when the letter of intent will be converted to sales? The PR said they expected it to happen in April. That would definitely help shareholders.
Maybe they are building up to another massive PR massacre like in February 2010. Naptha contract, 10K & Q, New CFO, DEC Permits, new exchange, Sales(any division), Al Sousa deal, AGM announcement, boat launch. Any others?
JBI should attend USPTO conference on clean technology if they are.
http://www.uspto.gov/news/pr/2011/11-27.jsp
False. The SEC was open on Friday
http://www.sec.gov/info/edgar/fedholiday.htm
EDGAR Filer Information:
Calendar of Federal Holidays in 2011
The Federal Government will be closed in observance of the following holidays. The EDGAR system will not receive, process, or accept filings on these days. The SEC mailroom that receives paper filings will also be closed. However, EDGAR filings that have already been posted to the website will be accessible as usual.
New Year's Day 2011 Friday, December 31, 2010*
Birthday of Martin Luther King, Jr. Monday, January 17
Washington's Birthday Monday, February 21
Memorial Day Monday, May 30
Independence Day Monday, July 4
Labor Day Monday, September 5
Columbus Day Monday, October 10
Veterans Day Friday, November 11
Thanksgiving Day Thursday, November 24
Christmas Day Monday, December 26**
want to follow all the information (that is factual)
I agree! was just answering about plunging. Don't care because the stock is not an indicator of the product.
Thank you for the explanation. It has to be frustrating to limit what they can do for now and not have a better timetable I found the link for the newly permitted storage tanks. Lot's of capacity.
How long for the DEC permits after the last submission in March? Does anyone know?
http://www.sec.gov/Archives/edgar/data/1381105/000121390010005243/f8k121510ex99ii_jbi.htm
Have they filed for a vendor license to sell the fuel?
Symbols used by the OTC. Not sure how long it takes for an "e" to show up.
http://www.otcmarkets.com/symbology
I don't know, nor do I care.
10K was due 3/31. NT 10K extended it 15 calendar days. Which was 4/15. Yesterday. Read the filing.
Due to the nature and timing of the audit review, the Company was unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2010 on March 31, 2011 without unreasonable effort or expense. The aforementioned Form 10-K will be filed within the 15-day extension period provided for under Rule 12b-25 of the Securities Exchange Act of 1934, as amended.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011001761/extf10k2010_jbi.htm
Rules on OTCQX US companies are here.
http://www.otcqx.com/content/doc/qx/Rules/OTCQX.pdf
See page 12 regarding SEC filing OTCQX companies.
April 15th was the due date for the 10K(annual report). The 10Q(quarterly report) is due 45 days after the end of each quarter.
Yesterday
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F,11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405
SEC Accession No. 0001213900-11-001761
Filing Date
2011-04-01
Accepted
2011-04-01 09:43:36
Documents
1
Period of Report
2010-12-31
Filing Date Changed
2011-04-01
Effectiveness Date
2011-04-01
read them thanks.
Go back to late 2009
Please reread the filings. Not sure what page. This was part of an amendment.
No 10K. Heck - file something and amend it later. It's been done before. No new CFO named - even though according to some this has been planned for almost a year. No sales. Why all the hype?
From CNBC: Huizenga said that the cleaning supply and services enterprise Swisher Hygiene [SWSH) of which he is chairman, will be acquiring lots of “mom-and-pop” companies throughout the country. He described Swisher as a small company operating in a $30 billion market.
Do you think he has an interest in Pakit?
Raw - is this what you want me to read? Page 28
http://www.otcqx.com/content/doc/qx/Rules/OTCQX.pdf
6 Removal, Withdrawal or Suspension of OTCQX U.S.
Companies
6.1 Removal of OTCQX U.S. Companies for Failure to Meet
Requirements
OTC Markets Group may remove the Company’s securities from trading on OTCQX for
the Company’s failure to meet all Requirements for OTCQX and all obligations under
these OTCQX Rules for U.S. Companies, which determination shall be made by OTC
Markets Group in its sole and absolute discretion, unless such failure is cured within 30
days after OTC Markets Group gives the Company notice of such failure.
6.2 Removal of OTCQX U.S. Companies for Public Interest
Concern
OTC Markets Group may remove the Company’s securities from trading on OTCQX
immediately and at any time, without notice, if OTC Markets Group, in its sole and
absolute discretion, believes the continued inclusion of the Company’s securities would
impair the reputation or integrity of OTC Markets Group or be detrimental to the interests
of investors.
Credibility.
Can't argue with that fine logic. LOL.
Page?
The 10Q will be far more interesting than the 10K. A lot is going on with JBI. IMO the 10Q issued in July will hold the most information. LOI, Permits, etc.
See page 12 of the OTCQX manual:
http://www.otcqx.com/content/doc/qx/Rules/OTCQX.pdf
(i) SEC Reporting Companies. A Company that is an SEC Reporting Company must file, on an ongoing basis, all annual, quarterly and other interim reports required to be filed under the Exchange Act.
Or this from the SEC webpages:
Listing and Delisting Requirements
Before a company can begin trading on an exchange, it must meet certain initial requirements or "listing standards." The exchanges and the Nasdaq Stock Market set their own standards for listing and continuing to trade. The SEC does not set listing standards.
The initial listing requirements mandate that a company meet specified minimum thresholds for the number of publicly traded shares, total market value, stock price, and number of shareholders. After a company starts trading, it must continue to meet different standards set by the exchanges. Otherwise, the company can be delisted. These continuing standards usually are less stringent than the initial listing requirements.
You can find the initial and continued listing requirements on the websites of the New York Stock Exchange and the Nasdaq Stock Market. Neither the Pink Sheets nor the OTC Bulletin Board has listing standards, although the SEC requires companies to be current in their filings before their stock can be quoted on the OTCBB.
You can also find out whether the New York Stock Exchange is seeking to delist a company by visiting the Reviews/Suspensions section of the NYSE's website.
Reply to Grant2g. John's track record is actually pretty good for a young company. Just some of the most PR'd are gone.
I guess all of new hire JBII employees should have been perfect, huh?
All new hires of a copmpany ALWAYS work out, huh?
Oh, of course! John should be psychic & know if a new hire will work out... or NOT hire them! Right...
New hires who were perfect when hired. Some are still at JBI
Alan Barnett Head Research & Development Chemist
Amy Bradshaw Vice President Marketing & Communications and Former Director
Bob Molodynia Vice President, Business Development
Brian Seburn Chief Technology Officer
Frank Coy VP
Geoff Weber ??
Gregory Goldberg Director
Jacob Smith Chief Operating Officer
James Fairbairn Director, Audit Committee
John Bordynuik President and CEO
John Colin Robbins Senior Vice President
John Wesson Director, Compensation Committee
Katie Matkowski Profit Center Manager
Michael Kaplanis Vice-President, Mergers & Acquisitions and Strategy:
Michael Moneyhan Ship Captain
Robin Bagai Director, Nominating Committee
Ronald Baldwin, Jr. Chief Financial Officer
Ronald Kurp Vice President Research & Development
Scott Kobryn Vice President - Systems - Processing
Theodore Henry Director
10K is late. 10Q is due in May.
Delisting
possible once you go beyond the 15 days.
http://leeds-faculty.colorado.edu/madigan/4820/Readings/10-K%20Checklist%20%20CSFB.pdf
If an annual report on Form 10-K or a quarterly report on Form 10-Q is not filed within the
required time period, the issuer must file with the SEC within one business day of the due date
for the report a Form 12b-25 (designated as an “NT 10-K” or “NT 10-Q” in the EDGAR filing
system) disclosing its inability to file the report timely and the reason for the delay. If a Form 10-
K or Form 10-Q cannot be filed timely, because the company is unable to file “without
unreasonable effort or expense”, the report will be deemed to be filed on the filing due date if
the company timely files a Form 12b-25, and then files the report not later that the 15th calendar
day (for a 10-K) or 5th calendar day (for a 10-Q) following the due date for the missed report.
Note that Rule 12b-25 filing extensions are not available for Form 8-K filings.
Violation of the Exchange Act; SEC Enforcement
The failure to file a required SEC report on time constitutes a violation of Section 13(a) of the
Exchange Act and the SEC could institute an administrative proceeding against the late filer,
among other things, seeking revocation of the company’s registration under the Exchange Act.
These proceedings by the SEC are uncommon and are typically aimed at recurring and egregious
violations.
See also this paper:
http://leeds-faculty.colorado.edu/madigan/4820/Readings/10-K%20Checklist%20%20CSFB.pdf
As of December 10, 2010, our authorized capitalization was 155,000,000 shares of capital stock, consisting of 150,000,000 shares of common stock, $0.001 par value per share and 5,000,000 shares of preferred stock, $0.001 par value per share.
Common Stock
We are authorized to issue 150,000,000 shares of common stock, $.001 par value per share. As of the date hereof, 51,241,926 common shares are issued and outstanding.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010005258/f10k2009a2_jbi.htm#market
Authorized stock is the amount of stock that a corporation is allowed to sell. Think of it as the number of shares that a company is permitted to sell.
Issued stock is the number of shares that said company has sold. This includes shares that the company bought back (treasury stock) or retired (no longer available in the market).
Outstanding Stock is the number of shares that have been sold and are being traded in the market. Outstanding stock does not include treasury stock (the stock the company bought back--think of it as a companies piggy bank for stock it is not available to the public although it was previously sold until it was re-acquired). It also does not include the stock that has been retired. Outstanding stock reflects only the amount of shares that have been sold to the stockholders and remains out on the market.
Preferred stock is stock that comes with "special" privileges such as the ability to get paid dividends (a share of the company's profits) first before the "non-special" or common stockholders do. If a company decides to "give back" to its shareholders some of its profits, then preferred stockholders get paid first before any of the common stockholders do. If there is not enough money left for the common stockholders, then only the preferred stockholders get paid. There are other rights associated with preferred stock such as the ability to collect in the assets of the company upon liquidation, but that rarely happens as creditors take claim to most of the assets during a liquidation.