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I like the news but before we get too excited, where's the beef? No figures attached to this makes it hard to get a handle on what it means to JBI
Does anyone know how old this guy is? I think he is young from his experience level. Sometimes you have to take a risk and that seems to be what he is doing. He has obviously done his homework and is impressed with what he has seen and thinks that the opportunity outweighs the risk.
OMG. Ingram in on the scam. E&Y, Insight, Rawnuts? whats next? aliens in on the scam to rid our earth of landfill bound plastic? Seriously, he must have liked what he saw. Most likely will receive shares as part of his compensation so he sees an opportunity.
JBI has given us 2 nice presents before Christmas. Perhaps one more under the tree?
I don't know the end result any more than you do. Buying a stock for pennies and watching it soar happens in the market. Take a look at the long term chart of TSCO which we know as TSC which is a retail operation for farmers. In the late 90's it was pennies. Now over $70. It can happen. Just not enough to make it easy.
Everyone wants to get rich. You end up watching the stock like a hawk for any validation of your desire to hold a winner. As a result, it can skew your opinion. The hardest thing is to keep an objective view of the stock. You almost try to will it to go higher. Right now, not enough is really known to keep an objective view so your emotions kick in.
DEC only validated that this machine does not pollute. DEC is not saying that the machine is a clean efficient producer of fuel at economic levels. That is still to be determined with absolute certainty. That's why the stock is where it is.
Until we know that, all heaven will not break loose. 2012 will determine that. These boards are a microcosm of investor hope.
I remember lots of companies where the only substance was hope.
I was involved in a nickel mining company where the stock skyrocketed on hope. It was a darling of the board where many posters were predicting much higher prices ahead. End result? A stock that is currently trading at a fraction of the price and hopes dashed. I was severely criticized for posts like this urging caution.
We just don't know yet. I am not making a comment either way on JBI. Just trying to keep it real.
well it was second hand from another follower of JBI. Not sure how much credence to place in it
I have heard that Honeywell will be making the machines in the future.
I got a question. JB went on the Pitch to try to secure $5 million. Does anyone know if they got any money from his presentation?
Re: Wells Notice
It has been almost 5 months since the WN was announced and I have to think that there was prior investigation done by the SEC prior to the notice. Just my opinion but I would suspect if there was something really that suggested that this was a scam, it would have been revealed by now and the SEC would be taking bolder action like shutting the company down and delisting the shares.
I would also think that there has been a fair amount of dialogue between the company and the SEC.
Does anyone know how long it takes for the SEC to conclude their investigation and determine a course of action?
WTF knows. Doubt if the market had anything to do with it. Correlation with market is very low. Maybe someone knows something we don't, could be that it was very oversold or that perhaps all heaven is about to break loose. Really baffles me.
So much for my prediction that the stock would weaken into December. Does anyone know what caused todays activity?
Fair enough. I will accept that line of reasoning. I hope its correct though. I just find this stock so frustrating. First John and JBI are very open in discussing things. Now they have become more silent. I suspect it is the SEC thing and all. I just thought we would be further along than we are at this point.
Now we have to go through some damage control with multiple points of resistance on the charts. And we have to rebuild our audience despite the hard core longs that are here. We are heading into December with tax loss selling in Canada. I look for the stock to be weak into year end.
I'm serious. Where is the C/F? For that matter, where is the inventory? Are they producing or are they not producing? I really would like to know
So what exactly is going on. John did indicate that they would be into serious cash flow back in April on BNN. So why are we not producing cash flow now?
Then why isn't it?
You are right. It alarms me to see so many that have all their life savings here without really knowing what they own and without thought to the consequenses. This is not a comment on JBI in particular. I own shares. However, none of my capital is in so I only stand to lose unrealized gains.
I also understand that you sometimes have to let it all hang out there and take some risks in life.
I have been criticised in the past on this board and in PM's for trying to point out the risks and being accused as a basher. I am just trying to contribute in an objective and meaningful manner. I have been in this business for almost 30 years and I know that stocks like this are extremely high risk and the risk comes when you least expect it. Heaven may or not break loose or whatever the expression is. I really have no idea.
Have you met John personally? He is a very smart man. But he does have flaws like we all do. He is very sensitive to criticism. It pretty much has to be his way. At least those are my observations. However he is a driven goal oriented obsessed personality. In some respects he reminds me of Steve Jobs or at least the Jobs in his biography which I just read. Anyone that is close to him admires him tremendously. I also do believe that he is shareholder centric.
We have all had two opportunities as shareholders to make an extraordinary profit on our investment.
John has taken a very unique path to try to achieve something great. He may even succeed. I hope he does. I chose to back this company because I believed the technology is fabulous and would be of benefit to all of us. These forward looking technologies should be nurtured, not disparaged.
We can't invest in Agilyx and I have no idea as to whether its product is good or bad and no one on this board does either. I have read the comments on their product being a goo and it is not commercially viable. WM did not get to be the company it is by making a poor choice. They have given the company $22 million so I suspect they think it is commercially viable. I can't invest in Facebook either until it is a public company.
As for Apple, you don't know your history well. Apple tanked in 1996 to about a third of its value before Jobs came back as president.
I have stated often enough that JBI is a highly speculative investment. It will remain so for some time until they can demonstrate that they have a commercially viable product and that they are generating cash flow. So far, I have not seen any tangible evidence of this. I know a VC who chose the best 10 ideas that were presented to him. Ones with what were perceived to be incredible ideas and concepts. He still expected 6 of them to fail, 2 to struggle to achieve critical mass and for jus 2 of them to succeed. Thats about the odds that I give JBI to succeed. 20%.
But I don't believe it is a scam and if it is, its the crummiest scam I have ever seen. Its been around too long, attracted the wrong kind of attention and they have spent a ton of money. There would be hardly enough left to make it worth while.
How many of us would like to have put money into Facebook when Zuckerberg was goofing around in his dorm room at Harvard or bought into Apple when Jobs or Wozniak were tinkering around in a garage. You could not. When it got bigger the VC's took it over, nurtured it and then took it public. Little investors did not make the killing, the VC's did. For better or worse, we have a shot with JBI. If they went the traditional way of not operating on a shoestring, we would never have this opportunity.
The really big quesion that we should be asking ourselves is: "Why did Rocktenn enter into any kind of agreement with JBI?"
I understand that some believe that it is a no lose arrangement for the company, but why would they come to Niagara Falls NY, see the process and enter into any kind of agreement?
It would have been easy for them to say no and not waste a moment of time. Regardless of what some think of the agreement, I doubt Rocktenn would enter any kind of agreement without consideration of benefit. I doubt this was vetted at a lower level of management with the thought of "What the heck. If it does not work, we have not lost anything"
I still feel that the agreement was carefully considered, determined at a high level of management, and entered into with thoughts that this would be of benefit to the company and that we had better do it before someone else does.
It still does not preclude that JBI is still not a very risky endevour. I just think we cannot pass judgement until much later.
Years ago, I bought tons of shares of Westort innovation on the premise of their technology. I bought it at $7. I got lots of grief from clients for doing so when it went to about $1. Currently trading at $27 now and going higher.
No one can devine the future. we can only guess at this point. Investors need to be realists. Thats why I kept hammering home the risks associated with this investment. It bothered me that people invested all their money here. I appreciate that we are all adults and we can do what we want but it so easy to get wrapped up in the belief that the risk are low and the potential is high. Its a hard lesson but with stuff like this you must only believe half of what you hear and discount what you believe by an additional 50%. When you have a chance to get your own money out, do it and play with the house money.
However, does JBI have a future? I still believe it. Remember what Thomas Edison said about the lightbulb. It took 1000 attempts to get it right. someone asked him how it felt to fail 1000 times. Edison said: "I did not fail. it just took 1000 steps to get it right."
All start ups take longer than you think. Read Steve Jobs biography. It took over 20 years for Apple to go on the road to where they are today. Lots of success. Lots of setbacks
I agree but there are so many hurdles in front of us. Other than as a conceptual investment where people are intrigued by the technology and disregard all fundamentals, we are in for a long haul. Maybe the AGM will make a difference. It seems to pop at that time. However I am a dour realist and sometimes prone to over pesisism
If it was not for the Rocktenn agreement, Islechem validation, etc., actual fuel sales I would be out of here so fast.
However, I still think it will take longer than we all hope for.
Potentially looming large is if this concept is introduced on a larger scale through grander media exposure we could get a nice pop on the stock.
Does anyone know the plan to satisfy their committments to Rocktenn. How are they going to build all the processers they need? Out of cash flow? That will take years. In the meantime, can they enter into another fuel agreement? If so, how will they fill that?
I suspect they will have to do a round of financing to raise in the millions in one shot. But at these prices, it will dilute our holdings significantly. I hope they have a better plan than they have indicated so far.
Bring on the future. Q3 showed solid progress. Thats how great companies get built. We are not there yet. But I liked how they are taking a long term view with incremental steps in the process. They are not rushing things yet and they are still a long way away. I think it will still be another 2 years untl they are generating enough revenue to get the markets attention in a meaningful way as in analyst attention, mature financing, etc. But progress is progress and I am encouraged. Any fuel sales, however small is a validation of their process.
I want to wish everyone good luck and lets hope that next weeks news is terrific. I am still long but I have sold half my stock at higher levels as I still see risk. Risk like beauty is in the eye of the beholder. I really hope P2O works as I think its a terrific concept that would be great for the planet and that I was a part of it from the beginning.
Good luck to all and I sincerely mean that.
All very interesting except you forgot a couple of things. We have yet to have received any proof that JBI can do these things yet. We have commentary that JBI can produce at $10 a barrel, we have scant proof that JBI can sell their product successfully, we do not have concrete proof that a processor can produce 40,000 barrels of fuel a year, etc.
We have some assumptions that these can be achieved but until we see evidence in the form of audited financial statements, that is just what they are. Assumptions.
Don't get me wrong. I am not bashing or being negative. I am just trying to keep it real. Until I see proof that they can, I will just say they have promising technology.
Its not like a company like IBM where you can verify the company as you see their products everywhere.
However, I do believe that we are getting closer to the point where I hope you can make claims that can be verified
Everyone needs to chill out on the company. Everyone overestimates what technology will mean in the short term and underestimates what it will mean in the long term. Thats because we think in linear terms. If (and its a mighty big if), JBI can be successful with their technology, it will be significant in the long term.
But I have a feeling it will take the long term to determine. In the meantime, we need to understand that success will not come as quickly as we hope. I suspect Jobs and Wozniak working in their garage took some time to get to success. And lots of mistakes will be made along the way by trial and error. my one and only post of the day
YOu could be very right. If all the stars fall in place and the public clamours for the stock it could happen. Look at the chart on Timminco, which was a concept stock a few years ago. Solar panel maker that everyone fell in love with and everyone piled in without asking any questions about. I almost bought it for about $0.80 before it went to $35 before questions about the company surfaced. Currently trading for about $0.18 now but it was a real ride for a bit
I clicked on that link in the past. Its a come on to a stock research service. No mention of the report. Basically it gives you a technical report on JBI with very little informnation.
BTW, I met and spoke with the president of a local marine operation involved with JBI. He still is involved and believes in the technology. He says it all boils down to their business acumen in the rollout.
I love this quote:
Because the people who are crazy enough to think they can change the world are the ones who do.
RIP Steve Jobs
I would gather that when Jobs and Wozniak started goofing around with electronics in their garage in California in the early 80's, they had a lot of naysayers telling them to get a real job. Just one word, Steve. Plastics
They seem to be in some kind of lockdown as far as information is concerned. I am in the same position. Calls are not returned from normally friendly and helpful people. I did get through to one person in the company and he was exceptionally terse and guarded. I am not sure what is going on.
Perhaps they are being cautious because of ongoing discussions with the SEC or do not wish to comment because of pending litigation. Who knows? I certaintly don't.
I guess we will have to wait until the next quarterly reporting.
yes. it was a gut feeling. I knew nothing about any pending news. I must admit the action of this week makes me think the same although the volume is lower. I am still very cautious.
Does anyone know anything?
My biggest fear now is that the next quarter does not live up to our expectations and we don't hear anything significant and with tax loss selling just around the corner, this stock can quickly find its way back to under a dollar.
A lot is riding on the next couple of months.
Yes that is a good point. You are absolutely right. I seriously doubt that RKT would even allow themselves to be involved with JBI if it was a scam. If it is a scam, then they are doing a very poor job of executing it to date. This would have been all over in early 2010. At that point at $7, there was a lot on the table to complete the scam.
My point about the truth is if they execute to take the company to a higher level.
You guys can conjecture all you want. The truth is that none of us really knows the truth. Only John knows and he is not saying anything yet. We should know the truth by Christmas. Either its a tax loss candidate or we should have more of a solid handle on the company. There will be no room for excuses after the next quarterly reporting.
Article from MENA. Nothing new but a mention from a journal that covers business from Middle East North Africa:
http://www.menafn.com/qn_news_story.asp?storyid=%7B650acb5d-6e7e-466c-bfbb-29a40e3e9abb%7D
I think that Palacial residence is where John was going with the absconded money from the scam he is running
An interesting read. Sounds a tad more complicated than a parking ticket:
http://www.secactions.com/articles/sec/Article3.pdf