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Anyone have any idea how expensive sorted quality plastics that have been pre-shreeded are, the kind that JBI is allowed to process?
What about delivery charges for this type and quality of plastic, that must be expensive as well?
Things that make you go hmmmm!
Negative, it appears to be a solution (a rather poor one) to not being able to get the types, quality and quanities needed for free.
They may have to buy plastic to get the "right type and quality" and obviously the quantity needed. Ouch, that could be very expensive.
Something just doesn't smell right at all. Surely, getting plastic for free and shredding it yourself is less expensive than getting quality plastics sorted, shredded and delivered to you.
Anyone have any idea how expensive sorted quality plastics that have been pre-shreeded are, the kind that JBI is allowed to process?
What about delivery charges for this type and quality of plastic, that must be expensive as well?
6. Javaco Headquarters
On September 15th, 2010, the Company entered into a two year lease agreement for a warehouse and retail space located in Columbus Ohio. The facility is approximately 6,950 square feet.
Amendment No.1 to FORM 10-K Filing Date 2011-07-18
http://www.sec.gov/Archives/edgar/data/1381105/000121390011003733/f10k2010a1_jbi.htm
How about asking the CEO Kevin Rauber *the puppet* if he's even moved to Niagara yet to run the company, or if he's still operating from his couch in St. Louis?
What does John think of his shareholders concerns/questions?
Obviously, he thinks your questions/concerns don't matter - as he IGNORED over 95% of them the last time we played this silly game.
Maybe you can add these *back* to the list?
How about asking John if both he and other's at JBI are being questioned by the DOJ for us?
1) what is mgmt's definition of commercial roll out pertaining
to processors produced per month or Q in 2012 and what is the
expectation for going forward 12 months (2013) IGNORED
2) Will our current business partners ( Indigo, Xtr, and Coco) take all the output of 3 processors at maximum capacity? IGNORED
3) Does Rock Tenn prefer to use all or a majority of the fuel output from the processors put at their facilities? IGNORED
4) were the 2 30T kilns from China ever used (2&3 maybe)? IGNORED
5) has JBI definitely decided to standardize with a 20T kiln size because of truck limitations for modular transportation to RKT sites? IGNORED
5.5) My question, relative to questions 4&5: Has the pre-melt reactor (term used in the January 20th PR) eliminated the need for the rotating drum reactors completely? IGNORED
6) One question which should be asked is when John plans to approach national media for a presentation of JBII. IGNORED
7) What is JBII doing to combat the NSS/Manipulation of this stock. F/U: If management does not think the stock is being manipulated what is their explanation for the non-stop attacks? FWIW, I total understand if JB does not wish to expose his defensive tactics against manipulators. IGNORED
8) Are there any other sites planned as JBII sites (no JV) like the NF facility? IGNORED
9) Do they have the second RKT site on the drawing board yet? IGNORED
10) whats the goal for quanitiy of p2o machines for 2012 IGNORED
11) JB's thoughts on PIPE's/Dividends/Spin-Off's/Privatization/Buyouts/CopyCat Competition? IGNORED
12) Have they truly completed the modularization of the entire system and are the fabricators and all involved ready at hand to fill orders? IGNORED
13) With 2 & 3 up and running and the new building finished, what does JB think will be the company's biggest hurdle to overcome? IGNORED
14) How hard is it to switch the machine over to procuce naptha for the massive deal with XTR? Answered
15) Can we just dedicate a processor for each type? IGNORED
16) How do you define "cash flow positive" as used in the following, from the last 10Q?:
"Management’s highest priority continues to be bringing processor #2 and #3 online so the Company can become cash flow positive." IGNORED
17) How soon will the new building be ready to start manufacturing the modular processor systems Answered
18) What are realistic goals for the number of processors running in 2012 and 2013? And how are they going to be financed? IGNORED
19) How much fuel is processor #1 producing/selling on a consistent weekly basis? IGNORED
20) What’s the percentage of plastic derived fuel, that’ll be blended with purchased third party fuels for resale to XTR? IGNORED
21) How many processors will be needed to meet the full quantities required by XTR, to fully eliminate the need to blend plastic derived fuel with third party fuels? IGNORED
22) Has any blended fuel been delivered to XTR to date? IGNORED
23) What’s the maximum output of Naphtha per processor? IGNORED
24) Will the time to process change, by tuning the processor to produce more Naphtha? IGNORED
25) The DEC recently increased feed rate to 4,000 lbs. or two tons per hour per processor. This increase would result with a need of approximately 120 tons of free plastic needed per day, for running three shifts with an hour down time per shift at maximum input feeds. Is the company currently receiving at least 120 tons of free plastic that can be processed per day to meet this need? IGNORED
26) What’s the total current cost of materials, labor and time to build each new processor? IGNORED
27) Is the number one processor operating at the full allowed capacity yet, if not when, same question for 2&3? IGNORED
28) Will 2&3 need to be tested to satisfy the DEC prior to running commercially? IGNORED
29) What is the company’s expected net profit or earnings per share, per processor - on an annual basis, for Niagara Falls plant vs the first Rock Tenn site? IGNORED
30) How long before the company expects fuel to be produced from the first RockTenn site? IGNORED
31) Is there a profit sharing agreement on the scrap steel from the raggertail, or is all the scrap steel property of JBI? IGNORED
32) Can the scrap steel be sold in its expected condition after plastic processing, or will further cleaning be necessary? IGNORED
33) What’s the current market price for the type/grade of steel in the raggertail after processing? IGNORED
34) How many barrels of fuel are currently in inventory, for each type of fuel that was produced from plastic? IGNORED
35) When the company uses “In Spec” in their fuel definitions are they saying that the fuel produced is within the “ASTM” specifications for that particular grade, if not what specification are they referring to? Answered
36) What is the longest time processor one has run for at one time? How much plastic did it consume in that time? How much sellable product did it produce during that run (#2/#6 or whatever)? How many people were involved in any way in running the machine during the entire run? What was the source of the plastic? What did it cost ie if free was freight paid by the provider or JBI? Was all the output either sold or used for customer testing? Was this run before or after the pre-melt was added? Was the processor running at capacity the entire period?IGNORED,IGNORED,IGNORED,IGNORED,IGNORED,etc
37) If they can provide any info on uplisting that would be appreciated. IGNORED
38) Given that the processors are most efficient when run without shutting down, when can we expect to see 24/7 operations, with minimal time for shutdown? The January 20th PR ( www.plastic2oil.com/site/news-releases-master/2012/01/20/final-report-from-recent-plastic2oil-stack-test-reconfirms-process-viability) stated "Normally, residue and metals would be removed from the pre-melt periodically during operation." Does this mean that residue/metals can be removed without shutdown of the system? IGNORED
39) Has the company secured the commitments from outside sources to provide enough waste plastic to allow 24/7 operations at the Niagara Falls facility on an ongoing basis? IGNORED
40) Given that the processor can only achieve a maximum output of naphtha of 40% (60% diesel), how will the company achieve XTR's delivery requirements? Will XTR only be accepting road-ready naphtha, or will they also be accepting road-ready diesel? IGNORED
41) Will we be given the opportunity to see the newly configured system(s) in its entirety? IGNORED
42) has the modular processor build-out -start/finish time frame been established, or is major tweaking still evolved? IGNORED
43) How soon will the new building be ready to start manufacturing the modular processor systems? IGNORED
44) Any input on this year's AGM? <time frame> IGNORED
45) Question about processor downtime: According to the 10 q the processor does not need to be stopped for cleaning of residue. Also, the catalyst allows the processor to operate at lowish temperatures.
So, what are the reasons the processor may need to be stopped each day? How about the pre-melt? Can that be run 24/7 no problem? IGNORED
46) What is the total number of hours that the first processor has run in 2012 to date and how much fuel has been produced in that time? IGNORED
It looks like your over looking the 66,000 shares CSTI has on the ask at 1.02 and the 60,000 shares MURF has on the ask at 1.04, so from where I'm sitting it looks like the ask is heavier than normal and not everyone who wants out is out.
This could become very interesting if MURF tries to beat CSTI to the door.
Form CT ORDER - Confidential treatment order Filing Date 2012-04-09 Filing Date Changed 2012-04-09
http://www.sec.gov/Archives/edgar/data/1381105/999999999712006451/filename1.pdf
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
April 9, 2012
ORDER GRANTING CONFIDENTIAL TREATMENT
UNDER THE SECURITIES EXCHANGE ACT OF 1934
JBI, Inc.
File No. 000-52444 - CF# 27164
______________________
JBI, Inc. submitted an application under Rule 24b-2 requesting confidential
treatment for information it excluded from the Exhibits to a Form 8-K filed on August 4,
2011, as amended on March 30, 2012.
Based on representations by JBI, Inc. that this information qualifies as
confidential commercial or financial information under the Freedom of Information Act,
5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly
disclose it. Accordingly, excluded information from the following exhibit will not be
released to the public for the time period specified:
Exhibit 10.1 through July 29, 2021
For the Commission, by the Division of Corporation Finance, pursuant to
delegated authority:
Pamela Howell
Special Counsel
The 8k filed on August 4th and amended on March 30th was for the Master Revenue Sharing Agreement with RockTenn....*lol*
http://www.sec.gov/Archives/edgar/data/1381105/000121390011004040/f8k072911_jbi.htm
Hidden my arse it's right there in plain site....lol
Again the trade was at 1.216 not the 1.261 you claimed.
Negative...the trade was a bidwack at 1.216, the trade before it was 1.23 and the trade after was 1.20
It's almost going on a year to get the building permit for Rock-Tenn.
Does anyone besides me think this is ridiculous?
Does anyone else feel they’re not getting the whole truth and nothing but half the truth?
Is this another Al Sousa?
Three quarters of a year to get a building permit....BS
The new building that was built for the manufacturing of the P20 processors was completed early 2012 (17:50 minute mark)and completed prior to the conference call that took place on February 27th, all according to JB.
He also stated in the CC due to the building being complete (17:50 minute mark) it will help them meet their short term and long term goals
19:08 minute mark - "in the short term we can now construct the rest of processor three with minimum down time for processor one and two"
http://www.plastic2oil.com/site/events/1515/
They've been working on number three before the new building was complete and in the new building for over a month now, and they still need months?
Shameless, you know he's talking about 2,000 - 4,000 not 4,000 - 8,000.
I noticed you glanced right over this line.
The second processor was built in a modular setup, which can easily be replicated. A third processor – exactly the same as the existing one - will be installed in the coming few months,
Easily replicated?
Hmmm..they still need a few months for number three, so much for easily replicated, modular and easily deployable.
Dirty or clean, the 24-inch mouth on the machine is fed old gas tanks, bags and hard plastics 24 hours a day.
http://www.niagarafallsreview.ca/2012/03/27/plastic2oil-doubles-production
24" mouth?
I thought this was designed to eat bales?
Things that make you go Hmmmm
No more excuses.
What are they waiting for to file the amended permit application?
Section 8 - page 3 of 8
Approved Design Capacity
“Written approval and modification of this permit is required before waste receipts may exceed the permitted (quarterly and annual) tonnage limits.”
Section 3 – page 6 of 8
General Conditions
Applications for Permit Renewals, Modifications or Transfers
“The permittee must submit a separate written application to the Department for permit renewal, modification or transfer of this permit. Such application must include any forms or supplemental information the Department requires. Any renewal, modification or transfer granted by the Department must be in writing. Submission of the applications for permit renewal, modification or transfer are to be submitted to
Regional Permit Administrator
NYSDEC REGION 9 HEADQUARTERS
270 MICHIGAN AVE
BUFFALO,NY 14203-2915
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
Looks like they want to delay this as long as possible.
http://www.dec.ny.gov/cfmx/extapps/envapps/index.cfm?district_id=626391&county_swis_code=29&stimulus=0
The video shows absolutely nothing under the hopper that could feed 2,000 lb. bails. It's telling that no bails are shown and the only plastic that is shown is flakes.
JB only says while standing near a bag of flakes that:
"The plastic here goes into this hopper and into what we call feeding the beast at 2000lbs per hour" 3:00 minute mark
Then he goes on to show plastic flakes going up the conveyor and says at the 3:09 mark:
"We take waste plastics the plastics go up the conveyor belt are fed into a spool the spool is where we remove any oxygen in the plastics with a nitrogen purge, the plastics then enter an auger the auger then feeds it into the pre-melt reactor"
You would think after allegedly losing half a year developing the pre-melt he would have shown or at least talked about being able to accept bails, whole plastics or ragger tail the very reason it was designed, it's certainly telling that he neither talked nor showed any bails or whole un-shredded plastics entering the pre-melt.
After watching the video again I'll admit that the facility being shown when the quote was made was indeed the recycling facility.
However, it's never been mentioned to my knowledge that JBI was shredding plastics at the Niagara Falls facility or that they even have the room for such.
Have you ever heard that JBI is receiving pre-shredded plastics from any other facility or business?
Any idea what they're bailing certain plastic for is this step needed to shred plastic film/bags?
The video only shows a hopper and conveyor belt and by the looks of it both are unable to handle 2,000 lb. bails.
I think another good question is:
It's been said by JB that the pre-melt was designed to handle bails and un-shredded plastics, why do you suppose the video shows no evidence of such and in fact shows the complete opposite?
According to the Discovery Channel Video the Niagara Falls facility is only processing 20 metric tons per day. This isn't even close to full commercial production for the two processors at current approvals.
Even without the permit being modified the two processors should be doing a minimum of 20 tons each per day.
Why is the facility only doing 20 instead of 40?
Any news on the amended application being filed, or are they still stalling that as well?
Direct link to Discovery Video, 1:30 mark.
http://watch.discoverychannel.ca/daily-planet/march-2012/daily-planet---march-20-2012/#clip641572
Yesterday:
When is JBI, Inc.'s year-end and when does the Company report earnings?
Our fiscal year ends on December 31. Our quarters end on March 31, June 30, September 30 and December 31. The quarterly earnings results are usually announced by the end of the second month following a quarter-end. The Company's annual report will be released on or about March 31. Please visit the SEC Filings page for a complete listing of our reports.
Today:
When is JBI, Inc.'s year end and when does the Company report earnings?
Our fiscal year ends on December 31. Our quarters end on March 31, June 30, September 30 and December 31. The quarterly earnings results are usually announced by the end of the second month following a quarter-end. The Company's annual report will be released on March 15. Please visit the SEC Filings page for a complete listing of our reports.
Could someone call them and let them know that today is the 15th?
http://www.plastic2oil.com/site/faqs
John was allegedly filling tankers last summer. One would think that anyone with any brains at all would've solved the problem of filling tankers faster long ago, unless of course he needed another excuse on why they can't go into full production yet.
Please add the following.
According to the company’s filings, the company entered into a consulting service contract with a shareholder, where the minimum future payment is equal to fifty percent of the operating income generated from the operations of two of the most profitable devices and 10% from all the other devices in marine industries. Would the payment to the unnamed shareholder of a minimum of fifty percent of the operating income be coming from the two most profitable P20 Processors and the other 10% from all other P20 Processors in the marine industry?
I asked 4kids_9pets,after that question and two others were left off the list for questions to be presented prior to the conference call to reconsider adding them.
No surprise that it wasn't and not that it would have mattered as 95% of all questions that were submitted to him prior to the CC went totally IGNORED.
Since JBI has no other devices in the Marine industry or the fact that he never discussed marine based tape readers, it's obviously clear that the minimum payment of fifty percent of the operating income is coming from the only other marine industry ever disclosed - marine based P20 processors.
"where the minimum future payment is equal to fifty percent of the operating income generated from the operations of two of the most profitable devices and 10% from all the other devices in marine industries"
Which then makes it also obvious that the two most profitable devices in the same very sentence describe land based P2O processors.
Nice find.
"There is, however, an Active corporation registered in the state of Nevada named Plastic2Oil Marine, Inc. which has all of its officer and its sole directors positions occupied by JB."
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=DTGvqg3XFJoPB1bvF%252bARoA%253d%253d&nt7=0
Hmmm, I wonder who that mysterious shareholder is who is going to collect a minimum of 50% of the total operating income for the two most profitable devices.
Which also makes me wonder, when he will sign the next arms length agreement with the same unnamed shareholder for a minimum of 50% for all land based P2O processors that have yet to be built?
No one could stop him as he has majority voting power that he gave to himself under the guise of giving back shares.
What we do know is JBI hadn't sent in the SWP application on or before March 1st, per Douglas Borsche. Mr. Borschel emailed LV RDPD on March 2nd saying "as of March 1st there has been no application received for solid waste modification from JBI"
"My email response today from Douglas E Borschel NYSDEC said as of Mar 1 there has been no application received for solid waste modification from JBI."
So since you admitted that even with John's brilliance he hasn't yet invented a time machine, no solid waste application was filed as of March 1st.
As far as the Annual report that was due on the 1st, who knows if they even submitted that on time, we only know that he filed suggested amendments with it.
Quote: "We filed suggested amendments with our year-end report."
So maybe he filed them on the JBI site just like he did with the thruput report that was never submitted as required, and the DEC can see it when they get around to visiting JBI.
It's funny how JBI said during the conference call that xyz of pound were processed, yet when he filed the thruput report on the site of JBI he made it confidential.
What's confidential about the amount of plastic processed if he allegedly disclosed the truth during the conference call....what do you think he's hiding under the veil of business confidential when the very report he made confidential, only backs up the amount of plastic processed disclosed in the Conference call?
It's really simple.
The original post that you responded to mentioned a certain section of said SWP permit.
SECTION 3 in General conditions says and I QUOTE:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
"Applications for permit renewals,modifications or transfers
The permittee must submit a seperate written application to the Department for permit renewal, modification or transfer of this permit...etc etc
I've already been over why they need a modification, because they are only allowed 19,500 tons of waste per year.
So if they need a modification and any modification needs an application per Section 3 - then it's really quite simple as written they need an application.
I hope you can finally connect those two dots.
Incorrect. You assume because the phrase "modification of this permit" is used that it means an "application" is required and that the submission will appear on the website like permit modifcation applications seem to do. You may be right and you may be wrong.
As I noted in my edit, I see no language indicating a "modification application" is needed.
And worth noting is that JBI used the language "apply" and "application" when discussing the 2 to 4000 pound change. When referenceing the changing of the SW permit, JBI uses the word "amend". I find that interesting
If you read the whole paragraph in section 8, titled Approve design Capacity you'll see:
"Written approval and modification of this permit is required before waste receipts may exceed the permitted (quarterly and annual ) tonnage limits"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
So that would make me right or them wrong.
This has nothing to do with shorting - just keeping it real.
You MAY be right, but you also MAY be wrong.
If you read that paragraph carefully, it is not so clear as you suggest. It clearly states that numbers for the approved capacity is NOT a limit, suggesting the approved capacity is based on the plans and that those plans have to be amended before taking more waste per day.
Note how it mentions "written approval" and then mentions modifying the permit. This reference to modifying the permit may well mean nothing more than physically changing the numbers in this paragraph after one person reviews the amendments and drafts a letter agreeing the amendments are sufficient.
If anyone is shorting or waiting to get in because they think they are going to get a heads-up the process is moving forward via the NYDEC website, they may be in for a surprise. Worth noting I see nothing in your link about "application". Worth noting, the evidence from JBI suggests an application may not be needed as it appears they filed the amendments with the annual report to NYDEC and, in turn, not with some formal "application"
Already checked and without question they need a modification of the permit.
Any modification requires the need to file an application, if they intend to run 3 processors at the new allowed input maximum of 4,000 lbs. per hour, per processor.
Section 8 titled Approved Design Capacity of the SWP states the maximum annual waste receipts shall not exceed 19,500 tons.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
If they were to run 3 processors at 2 tons per hour each, continuously 6 days a week would mean they need waste receipts in excess of what is currently allowed.
3 processors = 144 tons per day, with a 6 day week would equal 864 tons x 52 weeks = 44,928 needed tons of waste - more than twice of what is currently allowed.
So they would definitely need to modify the current permit as written via application.
"Written approval and modification of this permit is required before waste receipts may exceed the permitted (quarterly and annual ) tonnage limits"
You believe?
The fact is he hasn't sent in the application as of March 1st(see below).
You "believe" he sent in "proposals" they don't need "proposals" they need an application according to the SWP permit. Section 3 General conditions.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
What do you think the hold up is, is he too busy sweeping the floors or dusting the blending facility?
My email response today from Douglas E Borschel NYSDEC said as of Mar 1 there has been no application received for solid waste modification from JBI.
Credit to LV RDPD:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72821436
One can only hope they submitted the other annual report due on March 1st. However, one can't be sure as they seem to have a problem submitting mandatory reports as written.
JBI was supposed to submitt the Process Material Thruput Report by January 30th, instead JBI said it's "confidential" we don't want the public to know how much plastic we processed and when.
Item 8.2:
Compliance Demonstration shall include the following monitoring:
Monitoring Type: WORK PRACTICE INVOLVING SPECIFIC
OPERATIONS
Monitoring Description:
Plastic is to be fed to each of the three rotary kiln
units at a maximum rate of 2,000 lbs/hour per unit, for a
total process maximum rate of 6,000 lbs/hour. Feed rate
for each unit is to be monitored electronically by a
calibrated digital scale which is linked to the facility's
computer system. Records must be maintained in a format
acceptable to the Department and an annual statement shall
be submitted verifying compliance for the previous twelve
month period.
Work Practice Type: PROCESS MATERIAL THRUPUT
Process Material: PLASTIC
Upper Permit Limit: 2000 pounds per hour
Monitoring Frequency: CONTINUOUS
Averaging Method: 1 HOUR MAXIMUM - NOT TO BE EXCEEDED AT
ANY TIME
Reporting Requirements: ANNUALLY (CALENDAR)
Reports due 30 days after the reporting period.
The initial report is due 1/30/2012.
Subsequent reports are due every 12 calendar month(s).
http://www.dec.ny.gov/dardata/boss/afs/permits/929110034800002.pdf
However, JBI never submitted the 2011 Material Thruput Report with the NY DEC. Instead he claims the amount of plastic is confidential and if they want to see it - they need to come onsite to view it. Things that make you go....Hmmmmmm
Credit to SteveF:
http://www.siliconinvestor.com/readmsg.aspx?msgid=27974946
JBI 2011 Material Thruput Report 1/30/11
Your request of 2/1/2012 has been reviewed for the above referenced records under the New York State's Freedom of Information Law (FOIL). Please note that most of our records are filed by names of individuals or corporations. We have no way of locating or retrieving records if they are filed under names or addresses other than those who have provided. If no records have been located, this does not necessarily mean, and should not be interpreted to mean that there have never been any violations, complaints, claims, investigations, or inquiries involving those names or addresses. We cannot make any representations as to whether there are or have been any such violations, complaints, claims, investigations, or inquiries.
The report you requested is kept on site at JBI and is considered Business Confidential, therefore, we do not have possession of the requested records and they are not available for public release. The Department is allowed access to the report upon request when at the site.
Thank you for your request.
Sincerely,
Julie A. Foster
Secretary I
The amount of plastic processed in 2011 is Confidential. No red flag there!
Why would the amount of plastic be confidential, could it be that it would show just how NON Continuous it really was, at the very time he was saying it was continuous?
What's funny is I used to "believe" in Santa Clause, that didn't at all make it true.
I believe the solid waste permit amendment proposals were sent in yesrterday 3/1/12 and will be reflected via NYSDEC contact next week. An annual report, per a condition of the solid waste permit, was sent in at the same time.
As for John's ego -- he deserved. He is responsible for bringing to market the first and only viable green energy processs in history. Steve Jobs, likewise, had quite an ego. They both EARNED it through hard successful value-creating work.
Wrong again.
I know it must be tough to admit the CEO of your investment, likes to MISREPRESENT or make things JUICY.
The Premelt wasn't even in existence till the 3rd Quarter 2011.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011006335/f10q0911_jbi.htm
Q3: The Company successfully designed, engineered and fabricated a plastic premelt system. The premelt system is now capable of accepting mixed, un-shredded plastics in addition to plastics that are comingled with various metals. The premelt system operates from the waste heat of the original P2O reactor system and has the ability to separate the comingled metals from the plastic. This capability became especially critical for processing RockTenn material such as raggertail, as well as other large bales of compacted plastic. The raggertail was demonstrated to be successfully processed during a visit by RockTenn representatives and will significantly increase process efficiency at RockTenn sites, as well as alleviating a great deal of sorting efforts from many of the Company’s current and future plastic feedstock suppliers. In addition to the completion of the premelt system, the Company further enhanced the New York processor by installing Low Nox (Nitrogen Oxide) burners. This addition will further reduce emissions and was important when seeking permit exemptions in other States. This improvement enabled the Company to seek an air permit exemption in another State, eliminating many months of extra work and cost.
Just keeping it real.
the best method was exactly the way he handled it. it would have looked stupid for jb to say well the processor is 1,000 feet but were adding a premelt that we have not confirmed will even work but that will take up 300-1000 sq ft.
so lets recap, he waited till they were certain it would work and had the accurate size to update. jmo of course
Negative, his claim of 1,000sq' preceded the pre-melt.
He misrepresented that fact until he was called out on it.
Good ole Juicy John.
misrepresented?
how about jb stated the size of the footprint was x and down the road realized they need to add premelt which would make it bigger. however jbi would remove some parts that reduced the size soooo they left the size the same on the website till the finished product could be measured to prevent adjusting a third time.
this sounds more realistic to me.
I never claimed to be proud.
I just like to keep it real...not Juicy like John.
However, the revenues won't be what they should, because for some odd reason he refuses to let the processors run at full speed.
not really much to be proud of anyone can predict change and i believe everyone knew the footprint would go up with addition of premelt.
i also have a prediction... jbi's 1q revenues are going to be alot more than last q and jbii will go up in price.
At this point.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64981724
BRIG_88
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Thursday, July 07, 2011 7:39:13 PM
Re: Artiztic1 post# 118029
Post # of 168917
WELL WELL!!! I just called the company and John answered the phone. He's working late and i couldn't believe i got him. You are CORRECT. The machine will not fit in a 1000 sq foot space any longer. It did at one point. He told me there have been so many changes and improvements it has expanded to 2000 square feet, He also told me there are additional changes that reduce space requirements for multiple processors installed at a single location. He wouldn't give me details. I asked if this would be an issue for JBII expansion or an issue for JV's he's working on. His response? Nobody cares. There's your answer straight from the man.....more space....nobody cares....dead issue.
At what point were you right? As far as I am aware the footprint of the #1 processor has changed 5 or 6 times.
Lets remember RockTenn didn't invest a dime and JBI assumes all expenses. So RockTenn covered their a@@, RockTenn would never invest a nickle in an unpatented project.
At the time the total footprint was being misrepresented, and it was later proved I was correct and the website was changed.
I like to keep it real not JUICY.
Negative and not even close to reality.
"to reflect the storage of similar plastic volumes"
It helps to better understand when you read the whole quote, with the keyword being "STORAGE"
"reflect" "similar plastic volumes" refers to throughput as rawn stated.
No what's laughable, is that even John on his own JBI webpage explains that the SWP ammendment has to do with the storage of plastic, not a word about throughput.
They are currently allowed to run 4,000 lbs per hour (read below) and are currently allowed to store 400,000lbs of plastic on site. The only thing stopping JBI from running at the new allowed capacity is JBI itself.
NYSDEC Approves Increased Rate
http://www.plastic2oil.com/site/events/1458/
On February 9, 2012, JBI, Inc. received approval from the New York State Department of Environmental Conservation (NYSDEC) for an amendment to its Air Permit that allows the Company to operate Plastic2Oil® (P2O) processors at our Niagara Falls, NY facility at an increased rate of 4,000 lbs per hour.
This rate is two times the rate at which the Company was previously authorized to supply feedstock to the P2O processor.
The approval of the increased rate of operation now permits the Company to amend its Part 360 Waste Permit to reflect the storage of similar plastic volumes, and is a key component to our plans for long term growth.
Here you go.
How about input, they're currently allowed to input 4,000lbs per hour, yet they decide to only run half allowed.
Throughput...that's funny. Why would the SOLID WASTE PERMIT have anything to do with throughput, are you calling his P20 fuel SOLID WASTE?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
http://sec.gov/Archives/edgar/data/1381105/000121390011003255/f8k061411ex99i_jbi.htm
What does John think of his shareholders concerns/questions?
Obviously, he thinks your questions/concerns don't matter - as he IGNORED over 95% of them.
1) what is mgmt's definition of commercial roll out pertaining
to processors produced per month or Q in 2012 and what is the
expectation for going forward 12 months (2013) IGNORED
2) Will our current business partners ( Indigo, Xtr, and Coco) take all the output of 3 processors at maximum capacity? IGNORED
3) Does Rock Tenn prefer to use all or a majority of the fuel output from the processors put at their facilities? IGNORED
4) were the 2 30T kilns from China ever used (2&3 maybe)? IGNORED
5) has JBI definitely decided to standardize with a 20T kiln size because of truck limitations for modular transportation to RKT sites? IGNORED
5.5) My question, relative to questions 4&5: Has the pre-melt reactor (term used in the January 20th PR) eliminated the need for the rotating drum reactors completely? IGNORED
6) One question which should be asked is when John plans to approach national media for a presentation of JBII. IGNORED
7) What is JBII doing to combat the NSS/Manipulation of this stock. F/U: If management does not think the stock is being manipulated what is their explanation for the non-stop attacks? FWIW, I total understand if JB does not wish to expose his defensive tactics against manipulators. IGNORED
8) Are there any other sites planned as JBII sites (no JV) like the NF facility? IGNORED
9) Do they have the second RKT site on the drawing board yet? IGNORED
10) whats the goal for quanitiy of p2o machines for 2012 IGNORED
11) JB's thoughts on PIPE's/Dividends/Spin-Off's/Privatization/Buyouts/CopyCat Competition? IGNORED
12) Have they truly completed the modularization of the entire system and are the fabricators and all involved ready at hand to fill orders? IGNORED
13) With 2 & 3 up and running and the new building finished, what does JB think will be the company's biggest hurdle to overcome? IGNORED
14) How hard is it to switch the machine over to procuce naptha for the massive deal with XTR? Answered
15) Can we just dedicate a processor for each type? IGNORED
16) How do you define "cash flow positive" as used in the following, from the last 10Q?:
"Management’s highest priority continues to be bringing processor #2 and #3 online so the Company can become cash flow positive." IGNORED
17) How soon will the new building be ready to start manufacturing the modular processor systems Answered
18) What are realistic goals for the number of processors running in 2012 and 2013? And how are they going to be financed? IGNORED
19) How much fuel is processor #1 producing/selling on a consistent weekly basis? IGNORED
20) What’s the percentage of plastic derived fuel, that’ll be blended with purchased third party fuels for resale to XTR? IGNORED
21) How many processors will be needed to meet the full quantities required by XTR, to fully eliminate the need to blend plastic derived fuel with third party fuels? IGNORED
22) Has any blended fuel been delivered to XTR to date? IGNORED
23) What’s the maximum output of Naphtha per processor? IGNORED
24) Will the time to process change, by tuning the processor to produce more Naphtha? IGNORED
25) The DEC recently increased feed rate to 4,000 lbs. or two tons per hour per processor. This increase would result with a need of approximately 120 tons of free plastic needed per day, for running three shifts with an hour down time per shift at maximum input feeds. Is the company currently receiving at least 120 tons of free plastic that can be processed per day to meet this need? IGNORED
26) What’s the total current cost of materials, labor and time to build each new processor? IGNORED
27) Is the number one processor operating at the full allowed capacity yet, if not when, same question for 2&3? IGNORED
28) Will 2&3 need to be tested to satisfy the DEC prior to running commercially? IGNORED
29) What is the company’s expected net profit or earnings per share, per processor - on an annual basis, for Niagara Falls plant vs the first Rock Tenn site? IGNORED
30) How long before the company expects fuel to be produced from the first RockTenn site? IGNORED
31) Is there a profit sharing agreement on the scrap steel from the raggertail, or is all the scrap steel property of JBI? IGNORED
32) Can the scrap steel be sold in its expected condition after plastic processing, or will further cleaning be necessary? IGNORED
33) What’s the current market price for the type/grade of steel in the raggertail after processing? IGNORED
34) How many barrels of fuel are currently in inventory, for each type of fuel that was produced from plastic? IGNORED
35) When the company uses “In Spec” in their fuel definitions are they saying that the fuel produced is within the “ASTM” specifications for that particular grade, if not what specification are they referring to? Answered
36) What is the longest time processor one has run for at one time? How much plastic did it consume in that time? How much sellable product did it produce during that run (#2/#6 or whatever)? How many people were involved in any way in running the machine during the entire run? What was the source of the plastic? What did it cost ie if free was freight paid by the provider or JBI? Was all the output either sold or used for customer testing? Was this run before or after the pre-melt was added? Was the processor running at capacity the entire period?IGNORED
37) If they can provide any info on uplisting that would be appreciated. IGNORED
38) Given that the processors are most efficient when run without shutting down, when can we expect to see 24/7 operations, with minimal time for shutdown? The January 20th PR ( www.plastic2oil.com/site/news-releases-master/2012/01/20/final-report-from-recent-plastic2oil-stack-test-reconfirms-process-viability) stated "Normally, residue and metals would be removed from the pre-melt periodically during operation." Does this mean that residue/metals can be removed without shutdown of the system? IGNORED
39) Has the company secured the commitments from outside sources to provide enough waste plastic to allow 24/7 operations at the Niagara Falls facility on an ongoing basis? IGNORED
40) Given that the processor can only achieve a maximum output of naphtha of 40% (60% diesel), how will the company achieve XTR's delivery requirements? Will XTR only be accepting road-ready naphtha, or will they also be accepting road-ready diesel? IGNORED
41) Will we be given the opportunity to see the newly configured system(s) in its entirety? IGNORED
42) has the modular processor build-out -start/finish time frame been established, or is major tweaking still evolved? IGNORED
43) How soon will the new building be ready to start manufacturing the modular processor systems? IGNORED
44) Any input on this year's AGM? <time frame> IGNORED
45) Question about processor downtime: According to the 10 q the processor does not need to be stopped for cleaning of residue. Also, the catalyst allows the processor to operate at lowish temperatures.
So, what are the reasons the processor may need to be stopped each day? How about the pre-melt? Can that be run 24/7 no problem? IGNORED
46) What is the total number of hours that the first processor has run in 2012 to date and how much fuel has been produced in that time? IGNORED
47) a suggestion of a question about patents and patent apps may condense a few of the questions on the list.
IGNORED
Dead wrong across the board.
JBI is currently allowed to run at the maximum 4,000 lbs per hour, for unknown reasons he chooses to only run at 2,000. Two thousand pounds per hour is not "maximum allowed hourly capacity"
According to the DEC SWP Permit they’re currently allowed to store 400,000 lbs. of waste plastic in the storage building.
That’s plenty of "Plastic Storage allowed" to run the processors at the new maximum allowed capacity.
So we know the storage of waste plastic isn’t the issue, and we know the quarterly limit allows then to run continously 75 tons a day...Hmmm
There's a quarterly limit of 5850 tons ( http://sec.gov/Archives/edgar/data/1381105/000121390011003255/f8k061411ex99i_jbi.htm ). Using a 13 week quarter and a 5 day work week, 75 tons/day = 4875 tons/quarter. Using a 6 day work week, 75tons/day = 5850 tons/quarter
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976
The only thing we don’t know is the whole story on why they’re not currently running at full allowed capacity.
Man the engines...Half Speed ahead.
Let me get this straight, full speed is really half speed of the new speed?
So if JBI sells a tanker half full, according to you the tanker would have been full because the new tanker allowed twice the space of the old tanker?
Interesting...indeed
Full speed ahead.....wait, I mean half speed of the full speed...lol
"Half speed" of the brand spanking new "double speed" is full speed lol. Especially if that's the maximum they are allowed to run for now.
Negative...what he said was:
"our total gross is significant we're getting almost 90% of the market rate of that fuel"
So they're grossing 90% of the market rate...never said our Total gross margins are 90% of the market rate....Hmmmmm
Got to hand it to him, it really had a "impact"