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skier876, yes I think there was a filing for the 10 million returned. I'm not sure if it has to be a form 4 as they were not sold. I think the problem has to do with some people looking for the scam. Nothing wrong with that, we've all been scammed in OTC/pink world. As as long we can discuss issues in a civilized manner I'm fine with that. Regardless if the company makes it or not, JB honesty is something we all have to respect.
skier876, good research, except for the fact that you're missing the John Bordynuik acquisition and the private placement by John. This was all done before JB returned 10 million shares to the treasury. The Javaco acquisition was done with the restricted in the treasury. There has been to my knowledge any use of shares for any other purpose. DO the math please
skier876, correct but TA and company can never disclose share information of anyone at any time, even of current position of 5% holders or executive positions. The 5% holder and insider rules are required by the SEC to disclosure by public filings. I believe there's also a rule on funds as well.
LMAO, maybe it was a coincidence that PERT was buying everything in sight
I think you should direct that question to him as he is the only one knows what his plans are, if he has any plans at all. If you send the question to IR you should get an official answer from him.
bid is 1.11 with PERT
I can't even hint you of what is going on in the company (good or bad) nor the capital requirements the company requires to execute its business plan. The CFO job posting states the company will have 20 million dollars in fixed assets by years end. Future job postings and PRs may, or not, give you hints of the business plan execution. Saying anything else would be insider info and you have to wait for the filings to perform your welcomed company oversight. You may also call the company official spokesperson (Katie) and she may be able to give you more info I may not even be aware of.
this is not the barbie land you normally invest in. This is OTCBB, where the only difference to the major board is the share price. You are refusing to state the shares it reads in John cert and claiming he is selling shares and the OS is increasing. All of this without doing any DD on the SEC filings .... no wonder you invest in pinkies where there's no need for that
can you read out loud the number of shares John had in his cert before he gave 10 million to the treasury? please????????
look at the picture of his cert before he gave the 10 million to the treasury. Can you read for everyone out loud the number of shares. please? http://ih.fotothing.com/95396.jpg
iwishihad, I don't believe TA gives out individual shareholders (even if the majority owner) share counts. That's ilegal to even name a single shareholder. That business is between the shareholder and the company. Also courts whenever they need that info can subpoena the TA.
and it looks PERT is buying whatever is for sale at the bid
wow, 199. Since 100th marker never came forwarded I still have the signed picture of JB to give away LMAO
I'm happy to clarify whatever I can. One of the problems I've seen over the years in BB investing are the rumors and false information floating around. I'm not a IR for the company, but whenever work load allows I like to post to clarify fellow shareholders while avoiding the leak of any insider info. I know for sure JB is not your canadian scammer that can be found elsewhere in other OTC/pink companies and I get really upset with some posters spending hours in here trying to find reasons to claim that. Katie is the official voice of the company and you should always call her before posting to clarify any issues/questions you may have as I may not have time to read the board during work hours
stumiller, you are correct, we don't mine any data from customer tapes. Some of our work maybe classified and we don't need the secret service and nsa knocking on our door. I believe what the ibox referes to is the mining of JB private collection and even that I'm not sure to be correct as that is not the purpose of the company, JB does that in his own time. JB has amassed his collection from tapes he has bought in bulk over the years and I have no idea what his plans are, if any, with interesting research he has found. I think the PRs, job postings and filings have stated what the current company goals are: recover of data from 7,9 and 28 track tapes, cartridges, fiches and film; Plastic to Oil, chemical products and acquisitions.
I've thought about that many times. Can you imagine the declaration of independence lost forever in an old tape? Thank god there were no computers back then. And reading tapes is not the only issue. It works fine for flat files as long as the original record layout is known. And relational and codasyl databases backed up into tapes with a proprietary format that requires the original long gone program and hardware to read it?
John has given to the company all of his IP on tapes and P2O. There are fair questions, one should never take whatever a company says without questions. That's true for TRTN and every company from the pinks to the NYSE.
clu82, John did that a few years back as a private citizen. It has nothing to do with TRTN or any other public or private company. That's just an FYI and a response to your question on who owns the data and IP of the tapes we read. John does not take any info from the services we perform, nor could it
of course the customer owns the data and the rights to it. We just perform a service of reading and recovering it and storing it in a modern media. John has in the past bougtht tapes in bulk for himself and his scientific curiosity, but that has nothing to do with the service we perform today. With the data he recovered from those tapes, he has been able to build what i think is the world largest private collection of scientific research, but that has nothing to do with JBI, is his personal stuff.
MUST READ correction from John to one of my posts regarding the NASA contracts. John has asked me to post this so our relationship with NASA can be better understood by everyone:
Hi rpg,
I hope this message will explain to shareholders our relationship with NASA. We do in fact have contracts with NASA. Every PO I sign becomes a contract. NASA did a open procurement so that individual contracts for each NASA dept. would not have to be generated and signed. As part of the procurement, NASA welcomed other companies to prove their abilities and quote. Upon receiving NASA’s solicitation, I was asked by many of the “recovery companies” if we would license our equipment to them. I refused and forwarded their email requests directly to NASA thereby further validating our work. In the end, it was easy to determine that these companies were using original equipment and were not able to read tapes with any kind of validation or accuracy.
This has allowed us to receive tapes from many different departments. We are now reading modern cartridge media (4mm,8mm,DLT,SDLT that are now no longer reliably readable) for NASA. In addition, we are now beginning batches of fiche and film. This is in addition to the 7,9, and 28 track tapes.
This all involves much engineering, scaling, and retrofitting. I am looking forward to working with an experienced management and acquisition team soon as I am completely saturated in work.
Of course there are other businesses in this space -- but anyone connecting a drive to a PC is now in this space -- and that is exactly what they are doing
buenokite, I'm not sure if the media is being added to that number. I think the job posting is refering to fixed assets
like that english soccer coach (forgot the name) that whenever he was asked something by the media he would reply with a yes, no and no comment. After awhile everyone realized that no comment for him actually ment yes, but couldn't say it because of team insider info, but he would still reply with a no on team insider info LOL
well, John is running 16x7 LOL. Haven't you all notice the company is expanding at light speed? The post for CFO will give you some hints, just visit jonhbordynuik.com and look at it
not all have PRed their reprocessing, but many others are doing it. Alot of that seismic data, in particular in the US, was done at a time that there were no noise/vibration regulations and can no longer be done in the industrial world. That is why they are all going back to the old unreadable tapes
I never said it was the largest portion, just said it's a big percentage, AKA important enough to not be ignored.
I'll get you some pics once I receive written authorization from above
we don't have a contract with NASA and others, we have open POs with no specific number of tapes. We have an idea of the pipeline but everything depends on customer timing and customer budget. We expect volume to pick up very strongly in the next quarter but there's no way we can be 100% sure. The numbers involved are huge and it would be unreal to think customers would budget all of that in a single fiscal year, or even 2 or 3. You simply don't spend hundreds of million of dollars in overhead in a single FY. NASA FY2010 budget is 18.7 billion plus 1 billion from the Recovery Act.
In regards to the con call, John has told me he plans to do it right after the chemical company acquisition. The reasoning for that is that it wouldn't make sense to do it before since he's gagged and would not be able to talk about what will be (until the P2O is fully functional) a big percentage of the company business. So if it closes before the end of the month, the con call will probably be this month, otherwise it will be early October.
it must have been EDGAR that updated their data
that's old news contractor, very old news indeed that doesn't even count for this quarter forecast as far as revenues and profits are concerned
the only reason a asked is because I looked at the revenues of the previous owner and it seemed javaco was the only one generating revenues for them.
I think you should read the 8k closer and read the PRs to estimate Javaco revenue. Just my honest opinion as an investor as I have no knowledge on actual or predicted Javaco revenues
yeah, full STO is bulish, MACD crossed yesterday, but still under 0, and MA 50 should cross on Monday. RSI is not a factor, I like to see it over 70.
LOL, it's like what the press does. They take something out of context and run with it. But that is very easy to do in boards as people, like myself, read a post and take it at face value
the second container was delayed a couple of weeks at customs in Vancouver. It is in transit now (it's 1 to 2 weeks shipping time). You may hear about it again when the P2O processor is fully assembled and pictures are made available to the community.
you mean PE and FPE, a foreign concept in most of OTC land
split for what? Until there are filed profits and future verifiable expections that will place the PE bellow the market average there is no reason for any forward split. This is not to say it may not happen tomorrow or next month or next year. Just to say at this point is not something in John mind. Reverse splits or AS changes are not even an option, the company is doing well thank you.
yeah, MIT is the mom and JB the poppy. The kids must be smart!! LMAO
that's correct
kennypooh, I have no clue, I'll need to ask John, but I would think it needs to be delivered and like in any purchase, the buyer pays the shipping. But I need to confirm that.
Mike, I've been very upfront in other stocks when I find something that stinks. I have no problem with that. True is like oil, it always floats to the surface regardless. I respect when people posts DD, even if old or inacurate. I get quite upset when people posts one liners calling JBI a scam. It is not. John may never succeed in his business plan, but that will never be because he is out to scam people out of their hard earned money. He has most of his money (in the millions) invested in this project. He put his mouth where his money is. Regardless of your opinion on tapes or p2o or chemical products, you have to respect that.