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I did and I am going.
Yeah, well i booked with E&E. And will be enjoying dinner after!!
Looks like I will be touring the JBII plant next Thursday at 5 :)
I don't know who it will saisfy, but to me it's like Christmas! I can't wait till next week!
Just booked my reservation! I will be there!
That's insider information!
Can only PM on happy hour Fri.
On an as needed basis...which could mean anything.
I dunno. Maybe because almost everything on the board are either assumptions, presumptions, or misinterpretations and exaggerations of company statements.
I prefer to call and respectfully speak to company reps.
C911
I spoke to John Zervas yesterday.
I have spoken to them also. Yesterday.
The Coco agreement is a "as needed" agreement. That could be any amount. To summize it to be regular scheduled deliveries is misguided.
I agree with this post. Sales will be paltry. 2 reasons are that the number 1 processor has been down most of the time and Coco is on a as needed basis not a set contract. We have heard nothing of new large contracts and if they had them how would they fill the order?
A PR soon would do wonders to clarify, but I think one could summize that sales are going to be disappointing to most for Q3.
Perhaps all is being geared for RKT, we can only guess.
Lol just watched the water jet in action on tonights American Chopper!!!
That's how I feel. Can't tweak and produce at the same time it seems to me. I would be surprised if there were 30 days of production in q3. I think even that will be generous. Just my personal opinion.
Or google it and Mitsubishi has a nice video of one in action.
If you want to see a water jet cutter in action, watch American Chopper on tv. They use one all the time. Cool machine.
I did the same thing with many relatives.
Water jet is used to fabricate metal. My understanding is that the facility is currently being leased, perhaps they are looking to purchase it. But it is consistent with the 10q as they are trying to build off site processors away from the NF plant.
But who knows for sure? We are all waiting to hear something from them.
I believe the machine shop is currently being leased and is up and running. From what I understand the water jet equipment is their and the metal fabrication is being done there.
We don't KNOW if any fuel is stored. the company has never said that. Nothing was ever on the 10 q indicating that. All that has been made are assumptions of stored fuel by people not even employed by the company.
How can they produce fuel if the machine has been down most of the summer for various upgrades...If they aren't producing they aren't selling fuel.
100k to maybe 120k in sales at best.
C911
I gotta say, I am with you one the last part. If it only tales 5 weeks to build an "original" model that makes fuel for Oxy and Coco, why not build another like the first so you can continue to produce and sell fuel while you are tweaking the second, third fourth or whatever. Maybe generate some cash flow? I mean if you built it in June...that would be 2 months of fuel at 100 barrels a day X....well you get my point. We have all done the math numerous times.
Seems to me a second original would be worth the cost...if you had customers that wanted the fuel NOW.
Nah more in the area of 100 to 120k is my revised GUESS. I think there has been quite a bit of downtime tweaking, adding components...Hopefully I am wrong. But the company gives me no reason to,think otherwise.
It's sold out, but I am trying to pull a few strings from some alumni friends.
Awesome thanks for that! Still trying to get tix from some alumni friends.
A simple straight forward," Shareholder Update on Business Activities" similar to what was put out in March 2011 would be well received I think.
I took the time to call Corporate and IR. Maybe everyone else should do the same. Get your own answers.
Sold out. I sent emails to jbii to see if they could get some tix. No reply.
I agree, failure to meet expectation of the general market, not the longs, is the issue. The second processor has been "almost done" for nearly 4 months and that is per the company. Almost done to most suggest imminent. 4 to 5 months is far from it. Couple a WN and CA and what else would you expect? The failure to provide an update on Business activities, as they did in March, doesn't help.
In the short term the detractors, shorts...have all been right.
Hmmmm Ford, Corning, Apple, just a few with wild five year charts. The stock market is gambling at best these days. Computers rule the court.
If losing money on a stock means the company is liable, then the three above should have all been sued to death by millions.
Number one rule "you gotta know when to hold em, and know when to fold em!
Oh I agreed with that a ways back. BUT with share price dwindling will it be harder to cut those deals down the line? Hopefully the line isn't much longer ;)
Yep. I do think that theory may be valid. But there is an upside, cheap shares.
Not happy with the current strategy as far as info being released. But still long. Unlike many detractors, I actually went there. I have seen first and the increase in hiring and activity at the plant. That's part of my DD.
Rev. Have you been to the plant? Have you taken the time to at least go there and look a the property?
I am with you in that opinion. In my opinion the precedent for updates in business activities was set in March with THAT press release. Consistency in reporting to shareholders is very important to an infant company and it's SP. Maybe JB "doesn't care about short term price of his stock" but he should. Tough to offer another discounted PIPE or pay vendors shares in lieu of payment, if needed, when your SP is in shambles.
Sharing progress with your shareholders is by no means pumping the stock as long as the info disseminated is accurate and timely. The market will determine the SP after evaluating the info provided.
C911
I am actually lowering mine, just can't get my arms around being able to produce and tweak, add on...at the same time
With all due respect, Raw, I would be brace yourself to be very disappointed with Q3 results. I don't think much fuel was made let alone sold.
My guess is that everything has been down as they work on tying the system together so the cluster works smoothly.
Seems to me that you can't work on the system and continue to make fuel at the same time.
My only question is why didn't they make a clone of the first processor which made the fuel for Oxy and Coco, and use the first for tweaking, tying into the other 2, pre-melt...
Seems to me that if you had one processor capable of making 100 barrels a day and customers in line, you would use one to make moneymwhile you are tweaking, modifying or whatever else.
Nobody knows, squat. RKT may very well cut a deal of some sort to support the rollout at there facilities. When your landlord is your number one customer, with very deep pockets,I am quite sure future arrangements, if needed, could be accommodated. My thinking is that RKT is waiting on JBII to tell them they are ready before they commit. But I would not be surprised if discussions for financing future site are not in the works now or already have been discussed.
But that's just my thought. And I may not know squat, either.
I have. And I am by no means indicating you are one of whom I speak. Just stating that the sword cuts both ways.
3Q rev 120k to 150k. What i would like is some forward guidance. Definitive guidance.