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8k out...
I dont need a 170 IQ to come to certain realizations.
JBI, Inc. Announces That IsleChem Validated Their Plastic to Oil Process
NIAGARA FALLS, Ontario, April 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state certified laboratory, has validated its P2O process. Since December 2009, IsleChem has conducted extensive chemical, analytical and process engineering testing for JBI's P2O technology on a diversified range of plastic feedstocks. A wide variety of plastics were tested and all produced residue of only about 1%, which is allowed in landfills.
In their continuing efforts to analyze the P2O process, Islechem has performed more than 40 small scale runs of various multicoloured, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, off-gas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable. In addition to the confirmed validity of the overall process, Islechem has provided the following statistics regarding the fuel product composition and process emissions:
•JBI's P2O solution is repeatable and scalable.
•Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a "near diesel" fuel.
•Approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas.
•Approximately 1% of the feedstock remains in the processor as a residue.
•This analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon.
•The fuel product was analyzed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel.
•The fuel product viscosity is approximately 2 cst @ 40 degrees C, and is an amber fuel.
•The fuel product contains only trace amounts of sulphur.
•The fuel product centane number exceeds 40.
•The residue does not appear to contain any highly toxic or difficult to dispose of components.
•There is no evidence of air toxins in the emissions.
•The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two.
IsleChem's results confirmed the Company's results. Furthermore, the process is proven to be scalable to 20 T or larger processors and promises to be free of any harmful emissions or toxic residues, and a high positive energy balance, thus maintaining compliance with the "green" efforts of JBI.
The Company currently has two small scale processors including a 1 kg processor, a 1 ton mobile processor, and a large scale 20 ton processor that will be demonstrated at the Company's P2O factory tour.
The "near diesel" fuel is diesel with some extra light fuel fractions (gasoline range fuel). The extra gasoline can be separated at the Company's fuel blending site or our fuel can be sold to a refinery. The Company is working with Islechem to add an additional piece of hardware to the P2O processor to separate the extra light fuel (which is valuable) from the output fuel. The company has been able to shift the output fuel range from light hydrocarbon gasoline fuels to heavy oils.
CEO John Bordynuik stated, "It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it. Our process has a high positive energy balance of 2.0 while gasoline from crude has a negative energy balance of 0.81.Our fuel is light, flows like diesel and is of high quality. Unlike competitors, our fuel is not solid state, sludge, or slurry, not furnace oil and the residue is non-toxic. I was very pleased to receive IsleChem's detailed P2O reports. Their analytical expertise, industrial knowledge, and ability to work at the molecular level have enabled our company to further improve P2O's efficiency and hydrocarbon output. Interested shareholders, who desire to see a large operating, continuous-feed P2O processor during our AGM weekend, are encouraged to sign up for the tour at ."
Seriously? Can you read? This has been posted several times in the past 12 hours:
http://www.sec.gov/answers/rule506.htm
The company cannot use general solicitation or advertising to market the securities;
...all non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;
In 15 days, they've sold 33% of what there target PIPE is...I'd say they're doing just fine!
Thanks but I'm not interested in your advise. I've locked in my profits and that's via my long-term commitment to this company. I'm an investor, not a trader and know the value of investors, especially for a start-up.
I'm here to help this company grow as that will, in the end, help my financial position. If I were to think self-servingly (trader) first, that would, in the end, hurt my financial position.
While locking in profits with larger, more mature companys may have insignificant impact to that company, the same cannot be said here. To that extent, I'm not interested in playing the ebbs and flows. Anyhow, doing so is just as likely to screw you as it is help you. Ask the guy who naked shorted JBII months ago...
How would z have known about the shares...if he did, JBII was doing something illegal - unless of course he was a privy PIPE investor.
I think what EP is saying is that either their position is not as substantial as you or they may believe (with respect to others')
OR
JB feels that their associations may be counterproductive and thus not worthy of PIPE shares
Thoughts on the past 10 days EP?
The SEC forbids soliciting PIPE securities under Rule 506 which JBII used:
http://www.sec.gov/answers/rule506.htm
Well you better believe JB will make sure it doesn't go below $4 where they bought it at...thus making me think that's our absolute base...JB will force Nasdaq to uplist us if we crawl any closer to $4
Many asked the same at $0.80....those investors are pretty happy right now.
Can we go ahead and stop posting about NTIC, both against and for JBII?
Everything being said is of no consequence. It doesn't matter if they are or are not a competitor. A company doesn't need to dominate this area as there is a huge supply of feedstock and buyers of the end product. IF we were talking about the tape business, that MIGHT be an issue, but certainly not for P2O....
SO, let's put this to rest for once as inconsequential.
He's said multiple times he has other resources working on the tape business. Do some due diligence.
Can we go ahead and stop posting about NTIC, both against and for JBII?
Everything being said is of no consequence. It doesn't matter if they are or are not a competitor. A company doesn't need to dominate this area as there is a huge supply of feedstock and buyers of the end product. IF we were talking about the tape business, that MIGHT be an issue, but certainly not for P2O....
SO, let's put this to rest for once as inconsequential.
First off, I don't think it matters if it's a cash cow or not...p20 is the homerun and what all shareholders are shareholders for...the CEO is thus fulfilling his fiduciary responsibility, by definition.
But, I still think it is a cash cow:
Cash Cow:
1)Return on asset > market growth....Yes
2)Steady cash flow that can be used for other business units...Yes
3)Large market share...Undebatable, yes
4)Low reinvestment...Yes
5)Low market growth...Yes
This is Finance stuff from like first semester college...it's called the BCG matrix, google it....
And P20 won't be lucrative? Get real....
Love, however, that the naysayers are now questioning the tape business, not p20....that's like saying the CEO of McDonalds is doing a bad job b/c he's focusing too much on the Big Mac and not enough on the Fish Filet.
As far as I know, a cash cow is a business entity with high market share and low market growth...I believe the tape business qualifies.
Next?
My shares are alreday up 6% :)
Thanks for the $480 shares at $4.7219.
"Dr. Bagai is an independent director as that term is defined by the Securities and Exchange Commission and the NASDAQ Stock Market, Inc."
They say an 8k always indicates a pending uplist. I think that is evident from this release.
Nasdaq here we come!!!! This is likely our last requirement for uplisting. We will be trading on that exchange in no more than 2 weeks.
This guy adds a great healthcare network to our team. It should be clear where JBII is headed....PPS up....and into medical plastics.
Looks like my bank account has been breached....oh wait that's honest john now filling our bank accounts with money.
Sorry you're not long, it feels GOOD!
Please read JBII's mission:
Innovation. Overview.
JBI is currently formulating and executing a business plan that applies advances in technology to previously unviable engineering applications. JBI will continue to acquire profitable, growth-oriented companies that facilitate execution of the company's goals.
JBI was founded on the premise that innovation does not have to mean creating something out of nothing. For example, we believe that mining valuable information from stockpiles of decades-old tapes, that were previously determined to be useless, is innovation in its purest form. We recover what has been abandoned to generate innovation by injecting new intelligence into those existing products and processes.
Same here - I added Friday and going to snatch up any dips (if I can) today...as my name implies :)
I figured there is no better place with my (and the banks) money then right here. I don't want any hindsight regret when this thing goes to 10, 20, 50+
That entire post was invalid. We've had news on all of those things througout the past several months and consistent with that has been a very steep trend in the PPS. Do we need to revist all historical PR's? They can be found on the company webiste in the "News" section. Additionally, I suggest reading some SEC filings.
Can Walgreens turn plastic to 90% oil and 8% natural gas in 6 months?
What's your point?
I've struggled with the exact question. I don't have the balls either :)
A wise friend told me (when talking about doing this) take whatever I was thinking about doing and divide by two.
"Wise" is still up for debate...
Acquistion!?!!??!
Well well!
3,800 shares...OH NO!!!!
I highly suggest watching this video...
Somerset Profile:
Some good company in those rankings!
You all get enough praise, it was an EP shout out this time :)
But yes, I'm aware of his roots.
JB can flat run a business!
http://www.sec.gov/Archives/edgar/data/1381105/000121390010001631/f8k042610_jbi.htm
Can't wait for financials once the P20 sites are up and running!
I agree...I'm an EP groupie now. About as devout as Hanson and Yankees followers.
EP- You seeing something good in the charts?
I trust them completely...but only b/c i've been following these people's advise for a long time.
If I just stumble upon this stock, I'm not buying based on what others said of the AGM. If I see some pictures or John PR's something, that would change my mind.
The AGM benefited us by confirming our big investors' thoughts so they're now locked in. Remember, we only have 2000 shareholders so retaining some of our big guys are important.
Because we are up 17% in the past month and 380% in 5 months. We had a run after the great validation of the p20 process.
With no new news, why would you expect us to go up? Only current shareholders were allowed to attend the AGM and I would imagine only the very long ones (and maxed out on what they can put into this company) actually made the trip.