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What in the world is the problem with getting the air permit? Everything is so great, where is the air permit? The solid waste permit is another thing. We understand having to get that. But the air permit. Has that not been a given for a long time now? Well, where is it?
6 NYCRR Part 617 (State Environmental Quality Review Act) requires that an agency must consider an entire project as a whole and not separately. Consequently, the Air State Facility permit application must be reviewed in conjunction with a Part 360 permit application. Since Respondent’s operations plan was based on a receipt of a BUD, Respondent must now prepare and submit a Part 360 permit application for the use of waste plastics at the Facility.
While awaiting issuance of project permits, operate the one existing pyrolysis unit commercially under the terms and conditions of the 12/02/2010 Draft Working Copy of Air State Facility Permit ID 9-2911-00348/00002, which is attached to this Order as Schedule B.
Submit a revised Air State Facility Permit application for more than one pyrolysis unit. January 15, 2011
Is there a processing step for baled plastic coming in? a shredder of some sort?
Okay, but I'm not sure I understand your point. So JP Raymond (securities counsel) faxed a copy of the stock certificate to......presumably either JBI or the company's lawyers that are handling the Kaplanis litigation. So what? And what do you suggest I glean from the stock certificate transferring shares to Mr. Bordynuik?
That's odd. Anyway, I can see the exhibit when I click on the link you posted. Try downloading the file again from PACER, and I'll bet the reply memo will include Exhibit A (on page 7). Or are you saying that you were able to download Exhibit A, but thought that it did not upload to the doc viewer?
For NASDAQ, you need a minimum bid price of $4 for an initial listing. AMEX requires a minimum price of $2 or $3 depending on which standard you apply.
NASDAQ: https://listingcenter.nasdaqomx.com/assets/nasdaq_listing_req_fees.pdf
AMEX: http://www.amex.com/equities/howToLst/Eq_HTL_ListStandards.html
Quote:He already proved to you that it wasn't a paid article.
O really....?
Compensation for Services:
In order to be in full compliance with the Securities Act of 1933, Section 17(b), any consideration to TSS. will be fully disclosed if applicable. TSS and/or any of its affiliates, principles, employees, clients, partners, directors, agents, and the respective family members may from time to time buy or hold shares of any of our profiled companies prior to releasing it to the membership via email or website posting. We also may sell our shares in any profiled and presented company at any time after the profile has been released to the membership which may allow us to profit from the sale. Those transactions may have a negative impact on the per share price valuation of a profiled and presented company. Click here for compensation details.
[Note - Exhibit A is not attached to the Pacer file]
[T]he effect of this restatement to the financial statements is a decrease in total assets of approximately $11,507,000, an increase in net loss of approximately $2,179,000 and a decrease in equity of $11,809,000
seems this is already being touted as a good thing
lol
The effect of this misstatement to the financial statements is a decrease in total assets of approximately $11,507,000, an increase in net loss of approximately $2,178,000 and a decrease in equity o[f] $11,809,000.
I had a quick scan of it. It appears to be boilerplate stuff and does not appear to address the handling of Solid Waste, rather just potential Air Emissions.
Leaves a bit of a gap in understanding of how they are to handle their feedstock during this period of operation while they are generating the remainder of their documentation leading to the SW permit.
Withholding that would qualify this as another tactical move designed to stir interest, nothing more. It could be seriously limiting.
Did you note the missing phrase in the PR that was included in the 8k version:
Quote:potentially sell our processed fuel
Perhaps someone did a last minute PR edit/cut and forget to make the change to the associated 8k? Attempting to stave off a "natural" interpretation of "potentially" as equivalent to understanding that the selling of the product hasn't been worked out yet?
The Department and Respondent agree that the goal of this Order is to establish the terms and conditions under which the Respondent will complete the permit application process and to allow Respondent to temporarily commercially continue operating one pyrolysis unit and sell the fuel product, pursuant to this Order on Consent pending issuance of those permits.
You are not alone, my friend. I am also shaking and grinning from ear to ear! Hallelujah!!!!!
JBII competitive and adjacent space conversations are very germane to this board even if it makes some uncomfortable.
With so many different companies being posted on this board I got it mixed up.
Gee, that process sure took a long time ! Luckily JBII is on the fast track!
Thanks for the update. And huge props for getting on the phone with Abby Snyder! As you likely know, she is the head of Region 9 (i.e., Director), so you could not have spoken to a more authoritative figure with insight into JBI's permits progress.
Point taken, and understood, but a few counter-points should be made.
I do believe it is silly to expect that a soon-to-be-let-go employee would not attempt to set themselves up to continue to draw a paycheck from somewhere outside of their soon-to-be-terminated employment.
I also find it sad that posts are willing to judge one side so easily and yet complain if the other is challenged-- can we not recognize the insincerity of the "whole" discussion under these conditions? I choose to not pre-judge either...
again for me the importance of the litigation is what is revealed outside the legal issues being argued.
No-- please read the timeline. He states in his complaint that he received a 60-day "Termination without Cause" on/around July 14.
Is there some rule that says one must wait then until September 14th? Doesn't that seem silly on its face?
Is there some rule that says one must wait then until September 14th? Doesn't that seem silly on its face?
Form 8-K
In addition to filing annual reports on Form 10-K and quarterly reports on Form 10-Q, public companies must report certain material corporate events on a more current basis. Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about.
The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following:
Section 5 -- Corporate Governance and Management
Item 5.01 Changes in Control of Registrant
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
http://www.sec.gov/answers/form8k.htm
SO, is Weber still employed by JBI Inc, even if his office has been moved?
A little DD and tells us that the new lawyer is from the same firm so nobody quit.
[S]o far Kaplanis' lawyers have knocked it right out of the park. JBI filed motion to dismiss, yet lawsuit continues...check one for kaplanis team, JBI filed that jury trial should be denied due to employment agreement, yet it is now scheduled for jury trial...check another one for the Kaplanis team, so far they are winning on all accounts.
The employment agreement is partially based on the "Laws of the People's Republic of China". Why in the world would John make an employement agreement that states the guy can be fired if he does something that would be against Chinese law? Never heard of such a thing but that is in the agreement.
I don't think they are including plastic in their "organic waste" stream.
We design and build two types of anaerobic digestion systems to meet the organic waset, environmental and economic needs of each site:
Low solids anaerobic digestion - best for pumpable slurries like manure, wastewater and pulped food waste that are less than 20% solids content. Materials are blended, mixed with heated water and innoculum to kick-start the digestion process, and pumped into the chamber(s) where digestion and biogas production occur. After digestion the solids are separated from the liquids and either composted or pelletized for land application. The liquids are processed through a wastewater treatment system. Many low solids anaerobic digestion facilities are successfully operating around the world, commonly at municipal wastewater treatment plants and dairy farms.
High solids anaerogic digestion - also known as "dry fermentation", best for stackable materials like food waste and yard debris that have a solids content of 25% - 50%. Materials are mixed and loaded into digestion chambers using a wheel loader. After two weeks in the digestion system the partially degraded material is aerobically composted while the biogas can be used for power generation, heating or vehicle fuel.
Biomass Gasification
Harvest employs a revolutionary gasification technology to convert wood waste and other dry, lignitic feedstocks into renewable syngas ideal for producing electricity, heat and substitute natural gas.
Nah, a second lawyer just filed a notice of appearance, meaning that the second lawyer may also participate at various stages of the proceeding. That is quite common.
Same firm: http://www.floridatrialattorneys.net/CM/Custom/Attorneys.asp
(are you starting to see my point yet????)
MLM, communications from the company are important to me, which is why I discuss them. I really don't care about a private person's (i.e., someone outside the company) brochure, and I certainly do not care to read it if you say it is deceptive. This is not to suggest I support deception; I certainly do not. If I, personally, was deceived, then I would be far more vocal. I was not, because I have not read the brochure.
The fact that the brochure discusses JBI doesn't mean it was a JBI publication. Although it may contain information that was copied from one of the company's websites (as would appear from the last line in your post), that also does not make the brochure a JBI publication. Nobody from the company handed me a brochure at the AGM reflecting the earnings you posted, I have never seen such a brochure posted or linked on one of the company's websites, no one from the company has ever directed me to such brochure, etc. I don't know how you expect me to prove the absence of a link between such a brochure and the company other than to say that I have not found such a link. Why do you think it is that the plaintiff or prosecution ordinarily bears the burden of proof at trial (at least that's how it works where I am in the U.S.)?
how do you feel about a brochure that claimed 18 cents in earnings then?????? (among other things)....links to this were all over this board, I-box, sticky, etc.....
I'm not "denying" anything, and I have no idea what you are insinuating.
Although I do not ordinarily repeat my posts, I believe it is appropriate to do so now, as the same old material is being recirculated today on this board.
Here is my prior post (with some omission):
Rather than reading and quoting from another message board poster’s selective (and reorganized) presentation of the filings, try going straight to the underlying documents. Context is quite valuable when interpreting the intended meaning of specific statements.
Let’s consider some of the examples raised by people as demonstrative of corporate improprieties. How about these posts?
I guess the SEC and FINRA have been digging around for awhile now if there has been a "flurry of requests" already.
Maybe that is why there are so many shares available at .60ish?
Quote from JB's emails filed in the recent court case.
in the past so the SEC looks at these closely which will then in turn cause greater flurry of requests to come from FINRA and the SEC.
Don't you wonder what the requests from FINRA and the SEC were? I sure do. Not a good thing when both regulators are showing interest much less one, that is for sure.
My concern is how to deal with the employee stock option plan and salary. Cash salaries hit the bottom line hard and don’t look like value-based management. The SEC created S-8 stock (or options) stock to allow a growth company to grow without having to pay exec salaries because the S-8 stock can be sold into the market as cash. They are securities registered for sale the moment I file it. They have been abused in the past so the SEC looks at these closely which will then in turn cause greater flurry of requests to come from FINRA and the SEC.
Our auditor (Withum) advised there are accounting control issues in Ohio with the accountant and Judy Vasquez (CEO).
UBS (VP Investments) and UMB Bank Fund managers and analysts have advised that this might be the next Henry Singleton and UBS is on the market makers because they believe we are the best stock going. That said, we need to keep the wholly owned subsidiaries in tact, remove accounting to centralized accounting to Philly and have Ron’s team implement controls and reporting/consolidations.
I’ve merged PakIt with our group to work as one. . . .
I have been doing the public market strategy which is working. I will continue to bring the market price up but we’ll need earnings behind in the short term to keep the momentum with the market. I can keep us at a 1000x multiple with perfect execution of P2O. I need other acquisitions to build a floor on the stock.
The point is that people should read the Pacer filings for themselves. That's why the Pacer files are posted to Zoho.
Have you read the Kaplanis employment agreement?
Try reading them completely.
The signature on the Employment Agreement, Exhibit A to this file, is by John Bordynuik.(p22)
I suggest you read the lawsuit filings.
I agree with you completely. Denk sounded very confident when I spoke with him as well, and he gave me the same impression. Hopefully they worked out the details with JBI to let the company go into production in advance of receiving a solid waste permit, which was the goal as of last Thursday when I spoke with him.
I think the post read that it COULD be issued in 7 days, not WOULD.
12/2, 12/3, 12/6, 12/7, 12/8. 12/9, 12/10
Pretty sure that's 7 business days. If this thing doesn't happen by Friday, Mr. Honesty needs to come clean and focus on his trial instead of misleading innocent people.
nor do I, Scion. in fact, i am very concerned about this lawsuit. it seems to have legs and merit, inasmuch as its longevity, i.e., not being dismissed on lack thereof.
I doubt that JBI and Bordynuik think the Kaplanis lawsuit is "total bull" at this stage.
If you are looking for "hard" evidence of a quantum and nature sufficient to satisfy your criteria, then why are you wasting your time on an internet message board? It is clear that you will accord little to no weight to links directing you to YouTube videos, videos on the company’s website, public filings, or other public records containing information released by the company. There is certainly nothing wrong with that, and I don't blame you for being cautious, but there is little more someone from a distance can offer you through the internet channels.
In my opinion, your best bet would be to do some research outside of the internet waves, or (for a safer bet) await the launch of the company's newest business venture and an audited report of the financials after it is operational. The opinions expressed by anonymous message board posters will understandably do little to allay your concerns about this company’s prospects. You are wise to do research, but I don't think this is the right forum to find the sort of "proof" you seem to be looking for.
I hear you. "Solid waste" is a defined term that, generally speaking, covers "waste-like" materials, as distinguished from raw materials used in the manufacturing process. In JBI's case, however, the raw material happens to be "waste" plastic. If the intended feedstock consists of 100% plastic obtained under contract from some industrial source, then a strong argument could be made that the plastic is neither "garbage" nor some other "discarded" material that would be subject to solid waste regulation. If the intended feedstock more broadly encompasses post-consumer plastic trash, then the "solid waste" characterization seems to fit.
Perhaps JBI is seeking broad approval for a number of different sources of plastic feedstock, thereby implicating solid waste regulations. I really don't know.
Regardless, this is an ongoing process that is complicated, in my view, by the novelty of JBI's business venture. Due deference is appropriately accorded the DEC in interpreting its own regulations, and if the scope of JBI's application touches on solid waste permitting, so be it. I do think that the DEC is our friend in this process though.
In any event, what has been posted today reflects the current position of the DEC, as stated by the Region 9 permits administrator. Mr. Denk sounded confident in his position, so I take it as strong guidance as to where we are headed. Of course the DEC is not bound by anything said today, as no final determination has issued, but we at least can anticipate the likely series of future events. By the same token, nothing reported today would preclude JBI from seeking further relief, whether in the form of a manufacturing facility exemption or otherwise, but it appears that such relief is not presently on the table.
Bottom line: let's hope JBI and the DEC work together to expedite the requisite approval for P2O to commence commercial operations. That would surely be a joyous day for us "longs".
Thanks LTG. Just jumping in here to corroborate your report. I was told basically the same thing today. David Denk told me that the air permit will be issued very soon. He also said the department determined that a solid waste permit would be required, and no BUD would be granted. I asked whether JBI would be able to commence operations under the air permit, before the solid waste permit is granted. He said that they are going to work with JBI on that, and that they would like to see that happen. He also said that the details are not entirely clear at this point.