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What is the time frame for the permits? Should be any week now, right? I thought the SW was only to take 2 months to process.
Run tickets. Wasn't John planning to make some public?
Tax write-off?
Perhaps they are using that fuel for testing at the blending site. I'm assuming that is where most if not all of it is being stored. In that case I wonder if any of it can be sold as engine fuel. If not, where does this fuel go? Can it still be sold as furnace fuel?
Agreed! [eom]
Wow.. thanks for that. Is this from you?
Tech: Any idea on how many processors they can fill the Niagra, NY factory with? Towards the end of the AGM presentation, John said said something about filling the factory up with processors and hooking them all up to the same stack. Just curious.... I'm already loaded up in this stock.
But isn't the Florida group and Al Sousa one in the same? Who are you referring to when you say "Florida group"? Just curious.
They most certainly did. No more "near diesel" ...lol.
Ouch!
"Has anyone ever been explained how time is on his side? "
I have always wondered what he meant by that, and I have wonder if he actually still means it. Ridiculous.
Thank you for clearing this up. Very excited to be JBII shareholder!
Thanks, I think I misunderstood a post about this a few weeks ago. Any idea on what the costs associated with the blending will be? From what I understand, the majority of the refining is done through the tail end of the P20 process. Approx how much per barrel will it be costing the company? I realize they will have to transport the diesel across the boarder and there will be significant labor involved.
Can somebody confirm that the diesel being sold back to plastic suppliers to be used for their own vehicles will not require additional refining? In other words, it will be sold directly without the need of blending facility, correct?
lol (couldn't help it)
What sort of "slip-ups" are we talking about here? What are you envisioning? Are you talking about the air quality inside the building?
Yes, nothing new to me. You said "and JBI is not there (yet)" where you deny that it is currently listed on the OTCQX. Just setting the fact straight for anybody that still believes this is pink sheet company.
JBII is currently on the OTCQX. No argument to be made here.
Well that is your guess. You probably shouldn't be stating that as a fact. And the part about the dilution is pretty obvious. I have seen the share stats you have posted, and I have no reason to doubt that data. As far as "burning through cash", how can can prove that? Show me the proof.
Simple. Make your phone call Monday morning and then buy your shares asap.
Do you really need a lawyer to file an arbitration claim? Or do you just think it'll work out better (ie. full refund + interest) if you use one?
Exactly. It's all a game for some people.
Patiently waiting to hear from Megas. Whether good or bad please bring it on. Just say something for crying out loud!
Really? So it sorta looks like him, but you're not sure?
Megas spent on that lawsuit....
...something like $20k only to have it dismissed by the court. It's amazing he can't contribute something as small as $5k towards this legal fund which seems far more productive than the lawsuit against us (in retrospect it was pretty useless). He lost my trust when BCIT was revoked, and the only way he is going to regain it is by either communicating something worthwhile or donated to the fund. If he were to donate $5k, I don't think we would have any problems getting the full $20k. We would have it in a matter of weeks.
Great work op. Hopefully this works out better than the Kyle Burns situation.
Is filing easy to do anymore?
Sure but who's payin'?
Sounds to me you have nothing to "right off" then.
Wouldn't you have to have completed a "worthless security form" back in 1999?
trade pcp for telt.ob.
TY
Have you contacted him to ask him to do this yet? Because I hardly doubt he spends much time reading the posts here.
PS: I have, and I think we all should. Just don't expect much.
" In that case, why did SEC bother revoking BCIT?"
In my opinion, it was to protect the brokers from having to settle with us. Megas did not make a single move since Fall 2008, and they guessed Megas was out of money to spend(gamble?) in order to rectify this. Now that the stock has been revoked the brokers can simply give back cost basis plus interest. Or we may lose every penny, and the brokers walk away with all our money. Remember, the sole reason why the DTCC would not let this trade was because BCIT never registered a transfer agent, right? ;)
They are able to frame the company for its negligence, and for that reason it doesn't give us much recourse. They will do everything and anything they can get away just b/c they can.
Didn't you just speak to him? All he said was "not walking away"?
The Wall Street Reform and Consumer Protection Act of 2009
(Looks like some of this new legislation might help us out if needed. I didn't catch anything NSS related in the entire act.)
SEC. 7201. AUTHORITY TO RESTRICT MANDATORY PRE-DISPUTE ARBITRATION.
(a) Amendment to Securities Exchange Act of 1934- Section
15 of the Securities Exchange Act of 1934 (15 U.S.C. 78o), as amended
by section 7103, is further amended by adding at the end the following
new subsection:
`(p) Authority to Restrict Mandatory Pre-dispute
Arbitration- The Commission, by rule, may prohibit, or impose
conditions or limitations on the use of, agreements that require
customers or clients of any broker, dealer, or municipal securities
dealer to arbitrate any future dispute between them arising under the
Federal securities laws, the rules and regulations thereunder, or the
rules of a self-regulatory organization if it finds that such
prohibition, imposition of conditions, or limitations are in the public
interest and for the protection of investors.'.
(b) Amendment to Investment Advisers Act of 1940- Section
205 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-5) is amended
by adding at the end the following new subsection:
`(f) Authority to Restrict Mandatory Pre-dispute
Arbitration- The Commission, by rule, may prohibit, or impose
conditions or limitations on the use of, agreements that require
customers or clients of any investment adviser to arbitrate any future
dispute between them arising under the Federal securities laws, the
rules and regulations thereunder, or the rules of a self-regulatory
organization if it finds that such prohibition, imposition of
conditions, or limitations are in the public interest and for the
protection of investors.'.
SEC. 7202. COMPTROLLER GENERAL STUDY TO REVIEW SECURITIES ARBITRATION SYSTEM.
(a) Study- The Comptroller General of the United States shall conduct a study to review--
(1) the costs to parties of an arbitration proceeding
using the arbitration system operated by the Financial Industry
Regulatory Authority and overseen by the Securities and Exchange
Commission as compared to litigation;
(2) the percentage of recovery of the total amount of a
claim in an arbitration proceeding using the arbitration system
operated by the Financial Industry Regulatory Authority and overseen by
the Securities and Exchange Commission; and
(3) other additional issues as may be raised during the course of the study conducted under this subsection.
(b) Report- Not later than 1 year after the date of
enactment of this subtitle, the Comptroller General of the United
States shall submit to the Committee on Financial Services of the House
of Representatives and the Committee on Banking, Housing, and Urban
Affairs of the Senate a report on the results of the study required by
subsection (a), including in such report recommendations for
improvements to the arbitration system referenced in such subsection.
I totally agree with what you said here:
"Burns thought WRONGLY that SEC compliance was necessary for DTC to release its grip. Megas knows better, and responded accordingly."
So where do you think this goes next, Masta?
He's not spending another dime on BCIT, is he? Certainly explains the absence of filings.
In all fairness this is very true.
"We have yet to learn what Megas' reason was not to
file, or contact the SEC within the demanded time
frame."
I'm not about to jump the gun (take actions) until we all receive an answer to that.
Janice let's suppose you are right and the final outcome is everybody getting their money back plus interest. What happens to the company next? Can he re-register the company and start clean? What happens to the shares acquired in the Oklahoma settlement? Do we really have NO entitlement to those? I sure hope it does not end this way, but what is stopping Megas from doing this?
Who is paying for this suit? I'm pretty sure Megas exhausted all the money he had to spend on this. Do you really think something like this is going to be cheap?