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My guess is that you missed a series of posts by someone who is quite familiar with not only the "process" but with the acquisition of the plastic stock with which to supply the "process". I don't believe anyone is denying the fact that pyrolysis works. The only bone of contention is whether it is a viable method, i.e., profitable. To date, no entity has developed a system to make money with the "process". JBII is no exception. Past statements regarding $10/bbl P2O are ludicrous as well as the "free plastic" sources.
Crayons, marker pens, farmers contributing all their plastic waste. C'mon, get real.
When JBII posts a profit derived from the P2O "process". I shall retract my statement that it is all designed to separate people from their money. The "process" is exceptionally good at that.
Tea leaves ?
Is the PPS getting close to the point where "the group" buys the float and performs the "coup" ?
Seems to me the announced intention was when the price got into the .20's, the coup would take place. Dolts from the planet Doltan are monitoring.
It isn't necessary to be too terribly prescient to see that the downward pattern shall continue, inexorably. The question is.... when does it reach the nickel that a board member has been asking for.
JBII is so transparent and ready to PR any news to it's loyal shareholders it wouldn't surprise me if you heard something within the next 6 - 12 months.
Remember, once it hits .50, it takes off like a rabid assed rabbit. lol
Re: Scientific American article. What is that comment #7 referring to ? Any thoughts ? Any at all ?
The company is quite adept at screwing itself. In fact, that is just about all that it has accomplished in the last four years. The question is, how long until sheeple get enough ? Shearing is such a painful process.
As opposed to uneducated idiots ? LMAO
Re: JBII Scientific American comment #7 says it all
Resets possible, no probable.
So says >>>>> Carnak, The Magnificent <<<<<<<
And YOU may want to look up the composition of paraffin wax used in the production of crayons.
After the solvent is recovered by distillation, the resulting products are called "product wax" (or "press wax") and "foots oil". The lower the percentage of oil in the wax the more refined it is considered (semi-refined versus fully refined).[15] The product wax may be further processed to remove colors and odors
How many million crayons and markers would constitute "a few hundred thousand dollars". I think you may be talking astronomical numbers, particularly since crayons are primarily comprised of paraffin, containing a small percentage of petroleum.
There's an idea. Get all those little kids to come in with Mommie's tupperware.
And do you also believe the freight (postage) will be prepaid by some ENTITY ? LMAO
Small ideas come from miniscule minds.
Just one in a long series of delusional, er >>>>>>grievous mistakes<<<<<<.
I kinda like comment #7. It looks like Scientific American doesn't use censors.
The Good, the BAD and the UGLY
The good...... IRS writeoff $2000/year FOREVER
the bad....... it's a hard lesson
the ugly ..... it's ALL ugly
Regardless of the attempt to make it sound as if Bordynuick is justly compensated, it is my personal belief that anything beyond $1 per year while the company is performing as badly as it is, is abusive.
Like others, I prefer reality. What has JB contributed to this process that we now see floundering in red ink ? The call for a chemical engineer rules out his expertise in THAT area so now what ? He is a parasite ( and a criminal parasite at that).
More than a quarter million a year for what ?
I too know exactly what is being done and why but it doesn't conform to your astute anal ysis.
GOOD GRIEF!!!! OF COURSE IT'S NOT A SURPRISE
Of course, you've been reading the very carefully >>dedicated<< investigating sleuth who has posted multi colored <<<<< >>>>>>> SIGNALS for all to see. Those wascally PROS are totally >>>>>responsible<<<<<<<< for the RESETTING of the year's low. I wonder what frequency their disc shaped ship's transmitter operates on. I can't seem to receive them. Guess I'd better don my tin foil hat and sit under a triangular shaped >>>>object<<<<< .
.02 MORE AND THERE WILL BE A NEW LOY. OH MY
Day traders love to play yo yo stuff like this. If you can make 5 or 6% on your money every week (or even month), you will be looking good at years end. The secret is to know when the end is nigh. I thought the last 10K would do it but there are always those who cling to hope, regardless of the facts. This could well be a long process before the curtain drops.
Down and down she goes, where she stops, no one knows. But I have a pretty good hunch.
BLEEDING EDGE TECHNOLOGY ? LMAO Ya finally got it right !
A very (rare) true (and telling) statement.
"JBI's Chief Executive Officer Kevin Rauber stated, "We are encouraged by our progress and fuel production, but disappointed by continued fabrication delays."
Interpreted, that means they can't fabricate positive statements that won't bury them with the SEC watchdogs.
Why, if all that the supporters say is true, does the street view JBII with a jaundiced eye ? JBII can't dig itself out of the 60 cent hole it dug after the whizbang conference call (a monumental disaster).
Sooner or later, you would think those remaining would see the handwriting on the wall but they can't even see the wall. Such a shame.
I would do the forgoing in multicolors and with >>>>> er <<<<<< but I think that has been covered.
Ah, I see. Well, I too value the poster's opinion and I came to the same conclusion a very long time ago. Would you like a disturbingly long list of why I am a "non believer" ?
IT COULD BE WORSE. INITIALLY, WAY BACK WHEN, THE PLAN WAS TO SELL FRANCHISES. WHY, THERE WAS EVEN A PERSON WHO WAS DECLARING HIMSELF THE CEO OF PALM SPRINGS P2O. A BIT PREMATURE, BUT THEN WHAT HASN'T BEEN A BIT PREMATURE, MISLEADING OR DOWNRIGHT PREVARICATION ? I THINK THERE WAS EVEN A PROJECTION OF 2500 MACHINES NATIONWIDE WHICH WOULD PUT AN ENORMOUS DENT IN OUR RELIANCE ON FOREIGN OIL AND RID THE USA OF THE PLASTIC BLIGHT.
YOU BETCHUM RED RYDER.
Just another minor expense in the cost of doing business.
Graduate students willing to act as shills must not be too hard to find today given the debt load they are carrying from their school loans.
Very true. This has been a flippers dream, a day traders delight. BUT, as you said, Caveat Emptor. One of these days, it will not recover on one of it's crater days.
Why is everyone so upset ? I have an order in to buy 50,000 at market because >>
P2O WORKS........... you betcha ! LMAO
Cult like. That's a euphemistic way of saying b b b b bonkers.
This kind of post-litigation strength is quite unusual in the penny stock markets and demonstrates a high level of almost cult like shareholder loyalty.
To state that companies "typically" check the no box is slightly ludicrous. Withholding pertinent financial information for another five days ? Does that give them enough time to do some creative book keeping to hide the fact that they lost a massive amount of money yet again ?
Parsing the NT language serves no purpose at all except to allay a shareholder's fear. Good luck with that.
The late filing has little to do with anything. The significance lies in the NT form itself.......
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes o No X
There appears to be a lack of comprehension as to what that checked box signifies. It means the "contest" was all a silly game.
The difference being that some are well funded and legitimate. They don't make
claims that are not supported by fact. Big difference.
Considering Bordynuik's history of making statements that cannot be relied upon (fabrications), how much weight will you give to an UNAUDITED 10Q ?
J.B. Based upon my knowledge ( I can plead ignorance of the true facts) I proffer this document as being totally true.
After all, what's the worst that could happen, the SEC charging JB with fraud ? Been there, done that !
EXHIBIT 31.2
SARBANES-OXLEY SECTION 302 CERTIFICATION
CERTIFICATION OF JBI INC.
I, JOHN BORDYNUIK, the Chief Financial Officer, certify that:
1. I have reviewed this quarterly report on Form 10-Q.
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.
Dated __________
/s/ John Bordynuik
When Dorothy met the Great Wizard of P2O
D... oh great wiz, can you really make fuel for $10/bbl ? If that's true, you will have enough money to hire a private jet and fly me home to Kansas.
W.... Well Dotty, you really can't believe everything you hear or read
D..... So does that mean you aren't turning out the numbers you forecast ?
W..... Yes and no
D... What does THAT mean ?
W.....it means that I must be ambivalent at this time. I have the SEC and the OSC breathing down my neck and you're hassling me.
D..... So you are in effect saying that there is nothing to say at the moment and you stand by your constitutional rights that you cannot testify against yourself, is that about it.
W.... The wizard has spoken
BE CERTAIN TO CONTACT THE SEC & OSC ASAP
Your PARTICIPATION in bringing the conspiracy to light is extremely important. The various security commissions can't be everywhere at once and can use your help in uncovering abuses. The JBII abuse story describes a global effort that extends its tentacles even to within the security commissions and quite possibly beyond. Global interests, nay, galactic interests are working to discover the secret catalyst formula by way of government agency investigations. DO NOT hesitate to email, write, call and even make personal visits as often as possible in getting the message out. Write your congress person/ senator. You might even try putting your message on a robocall service and call EVERYONE in government service. The various government agencies will be impressed by your laborious and collective effort. They love to hear from concerned voters and constituents. Trust me.
The "investment world" is chock full of "firms" that play on today's buzz words. Bordynuik found a chink in the fabric of the decay of our civilization. If he's so damned smart why hasn't he found the solution to the problem of cold fusion ? After all, he IS a world renowned physicist is he not ? Couldn't find the secret in archaic tapes ? Much like the mayonnaise king is the savant (Barnum) of penny stock investors Bordynuik appeals to a segment of the population that feel they can contribute to the greening of the planet and make a fortune at the same time.
You betcha Red Ryder.
There ya go jimminee. Rome wasn't brought down by outside forces. It was destroyed by the rotteness within. You got the picture.
Why doesn't Apple provide 10 bushels of apples to it's shareholders quarterly ? Give me a break
et b