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It seems odd to me that Gately signed off on the original valuation of the media credits and no one seems to mention that in the discussion of the restatement.
I suppose that any company that has had to write down impaired assets must be liable for a class action suit according to your logic.
Hmmmmmm all of the banks that have mortgages must be trembling about that.
Has it ever occurred to you that many people fail at something right up to the time that the first person succeeds?
Prior failures do not preclude success.
The Fisher Trope process being a fine example and somewhat relevant to JBII's situation.
All of the things you just suggested as reasons for the price decline have nothing to do with questions not being interactive on the CC as you originally stated.
Switch arguments if you wish. Let me know when you find one that you want to stick with and we will discuss it.
Does anybody plan to show us where this message from another board came from?
Or is it just another rumor posted without any source?
You know, the one you just copied into your message.
scion, got source?
MLM On a scale of 1 to 10 how important is the question of catalyst recovery in your considered opinion?
I doubt that the lack of an interactive question period has anything to do with the current stock price decline.
It seems much more likely to me that the uncertainty over delisting from the OTCBB and when the E comes off is a big factor in the current price slide.
Things that make you go Hmmmmmm.
Like not understanding who your target audience is in marketing terms.
Every one can grasp that $300 mil/per year is a sizable chunk of money. It makes people feel like they understand the size.
If you say the facility can process 100 million gals of fuel a year, that may or may not seem like a lot. Most people don't have a reference point to make a comparison to so they can evaluate that statement. Is that a big facility or a small facility?
Ya gots to know who yer talkin to.
No need to tell JBI about it. They already have that taken care of for the immediate future.
I am not confused about the feed stock. Nor am I doomed to repeat the same messages over and over again.
YEP.
Look at the slide published at the AGM.
Pulease....
-----------------------quote-------------
Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a “near diesel” fuel."
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You forgot the part about 8% being converted to off gas which is Methane, Butane, and Propane.
ALL OF WHICH ARE HYDROCARBONS.
Then there is the part about 1% remains as residue.
If you do the math that totals approx 100%.
You will just have to live with your doubts about the source of the hydrocarbon only plastics.
Better check that grill closely.
I'll wager that you bought a tank of propane for your grill.
Your argument was fine until you got to the "what if" part.
The IsleChem report was not "what if"....it was "what is".
What it said is that the output is a mixture of hydrocarbons of specific weight ranges and amount, with very little contaminants.
That is "what is".
Control of the inputs is a requirement for all industrial processes.
You might as well say "what if" they put a gallon of Mercury in the processor, the fuel will be contaminated and no one would buy it.
True enough. That is why you control the inputs.
------------------QUOTE----------------
That's the one monster issue that all these pyrolysis waste-to-fuel startups face--finding anyone who will buy their "fuel" for a price that doesn't lose them money.
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You seem to have misunderstood the issue.
While what you say is technically correct, prior pyrolysis startups can't find anyone that will buy their fuel at a price that doesn't lose them money. That is because they can't find anyone that will pay $100/bbl. Their cost of production is much higher than what JBII projects.
Even if JBII cost projections are off by 150%, they will have no problem making a profit selling the output at WTI prices.
We will find out soon how problematic selling the output is.
I think you will be quite happy when your concerns are put to rest and the sales are made.
I didn't hear any mention of the Naz in the CC.
Considering where things are at the moment, that is just as well.
Getting the permit and sales of fuel are the most important items.
Then getting Pak-it rolled out is next. After that the Naz moves up the list of things to get done.
I'm not sure about that. I believe that JB has said that the process runs much faster than expected, with 4hrs being the expected.
There was a series of posts about that change and some people then speculated that the throughput would be considerably higher than 20 tons a day.
As an engineering issue that might be a problem. The heat exchangers have to be sized for the the expected throughput.
That can easily be controlled by adjusting the rate at which plastic is fed into the machine.
Sigh.
You are correct on that Sir.
The good news is, at this point JBII is SEC compliant. That will make the 15C211 a bit easier.
4k9p
You may consider it a promotion. I do not.
OTCBB required SEC compliance. The OTCQX does not.
The good news is that saves a little money. The bad news we still have to be SEC compliant to uplist to the NAZ.
This is making the best of a bad situation.
IMHO
2bigcats
The OTCQX is not a bad place to be, especially if it is in the premier tier which JB didn't mention.
It would have been better to stay where we were.
If you have been keeping up with the board you should have noticed that the original expectation was for a 4hr processing time. Later experience has shown that output starts much closer to 15 min mark.
That is sort of meaningless at this point, because the 4 hr run time was based on a batch processing approach. The system is now running as a continuous stream processor.
Yep...
I got that wrong.
Top tier of the Pinks.....
Here is a list of companies on the OTCQX
www.otcqx.com/otcqx/market/otcqxList
Stack test scheduled tentatively.
Next 10Q in progress.
Lose the E. No pinks.
No contracts for plastics but sources identified.
Nobody working on Tapes, customers told to wait.
Delay on 20 ton unit explained satisfactorily.
Not a clear explanation of the decisions about the refilings.
What did I leave out?
There is a technical term for "that old trick"... it is fraud.
If you want to say that JBII is engaged in fraud, just say so.
No need to use suggestion.
Maybe they didn't want to move to NJ.
--------------------QUOTE------------------
Pak-It DUMPED 13 Pennsylvania based employees in January 2010.
So, can anyone explain why they were recently issued a hiring grant in New Jersey?
Things that don't make sense!
-------------------------------------------------
Now I know why I couldn't get a fill, someone else was taking all the volume.
If you guys don't know the address by now it is only because you haven't been reading the board.
It has been posted many times.
I'm sure you can find it with a little effort.
The notice of litigation was not from JBII.
If you look for them under the symbol of Kidd's company you will find it.
Last I read, Kidd had a number of lawsuits against him that would tie up his JBII shares until the suits are settled. I expect that will be a while.
------------------QUOTE---------------
That is the million dollar question.
------------------------------------------
That is the 39 cent question.
The contractors doing the work routinely obtain the permits for such projects. The inspections, if required, are also routine for a competent contractor.
As far as the civil engineering, perhaps, more likely an inspection of the original building plans answered that question. Those original plans may have to be resubmitted with any other plans that require submission.
All of this is plain old routine stuff. Hardly worth the internet bandwidth that has been consumed in it's discussion.
How do you know that they haven't sold any "near diesel"?
The 10Q says bonuses and for past work. It doesn't specify what the ratio is.
More of those shares could be for past work rather than bonuses.
We will learn more about this I suspect.
There is no such thing as an open forum on a conference call.
Every one I have been on at the very least they ask you what you want to talk about before you are connected.
Many CC are like this one where you submit the questions in advance.
Not my favorite but common enough.
As for why they wouldn't want a completely open CC, read the crap that shows up on this board on a regular basis.
I can only guess how many of the "have you quite beating your wife" type questions they would get.
A session filled with those sorts of questions would be a disservice to the stockholders that really do want to find out what is happening with the company.
What part of startup don't you understand?
-------------QUOTE--------------
johnnyboy's flagship biz loses over 2.7m in the first quarter
------------------------------------
I'm glad somebody besides me noticed it.
Please explain why the stock is being quoted and still has an "E" two weeks after the notification?
---------------QUOTE-----------------
So then,what do we get if we feed rotten soyabeans to the goose that lays the golden egg?
------------------------------------------
We get a steady stream of posts from PP.
How do you know that they haven't?
QUOTE
-----------------------
wondering why he doesn't simply hit the 'on' switch for the machine and start pulling in those massive amounts of money.
----------------------------
Satellite photos......Dude.
You should investigate them.
JJ ...why don't you get on that?
That has to be important.
It just has to.
If they are smart they did.
Every company has to consider the possibility of lawsuits and take appropriate steps to protect their assets in such circumstances.
That is the basic principle of insurance. Protect yourself from unforeseen happenings.
A good corporate structure also limits the attractiveness of the company to nuisance lawsuits otherwise know as legal blackmail.