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well I expect they will file a NT-10K. I hope they file a NT-10K it will allow him extra time to audit and potentially make changes. I expect you saw that he was with KPMG.
you forgot how rich he'll be when he cashes in his shares at mult-dollars - he's being very well compensated.
Processors were not for sale 5 years ago, They were in the R & D stage then. Those who are unaware of the history can find a great summary about processors 1, 2 & 3 in the latest conference call. You will even hear that processors 4 & 5 are 75 % complete.
slinging all kinds of inferences with the hope that someone somewhere will find something he can win. So far he hasn't been to successful isn't that correct - didn't he lose this case already?
Isn't this case over JBI issuing free shares to this person? Then he turns around and sues the gift giver - only in America. I hope the judge has enough sense to do the right thing here and throw this one out too.
1 minute poor Mr. Terranova was a nobody by certain individuals here and when he quits his job he becomes a hero. Which is it? I expect Mr. Terranova was well paid during his short tenor.
I totally agree - his credentials contain everything JBI needs at this time. The price we need to pay for an expert like this may be substantial but his work should result in a great savings. I believe this hire will be huge on the future success of JBI.
you mean page 29 - wrong report and it's quite recent - in fact, very recent. Wow.
This guy creds are awesome
no misinformation from me - only actual fact which is unlike the many things posted here to create FUD.
no pumping or dumping from me. I'm a long waiting for the rewards I expect in the near future.
those who do their due diligence are fully aware of the document showing those figures. a little effort on your part will allow you to find what you seek.
absolutely ...
LOL - DD.
perhaps you hadn't heard - JBI has no need for a refinery - they make in-spec fuel as part of their process. I know that's quite unique for a plastic pyrolysis system but that's what makes JBI special. Because they had a discussion with a refinery long before they closed means nothing. They've don't need a refinery to further process their ready-to-use, in-spec, low sulphur fuel.
If you heard/read the notes from the conference call with investors in December you would have the answers to all your questions.
and you know full well that they were bringing up the new processor up slowly for close monitoring and inspections and for training new staff.
note: - "I have run the processor at 2,700 lb/hr on shifts I am operating it or training others."
No processors at RKT. 3 running and processors 4 & 5 are 75% complete. In discussions with buyers for processors. Suggestions that sale price is between 8 and 9 million. JBI will immediately be cfp when sale is complete. The new business is to manufacture processors for sales (and receive royalties)
I expect 2014 to be a huge year for JBI.
I expect JBI is concentrating on sales. The processor has been shown to work very well over the first few months and that's not even using trained staff or 24/7 operations. The fact that they can easily run 2700 lb/hr for 30 and 42 continuous days without issue allows them now to concentrate on the new priority - sales. I like this plan as it allows them to realize million of dollars all at once rather than by 1 gallon at a time. With the new business plan I expect that input/output and continuous running days are no long their priority. Sales are now the priority which will result in making millions, receiving royalties and being cash flow positive.
When the first processors are sold JBI will be HUGE.
it's completely inappropriate to suggest that these two company's are in any way associated nor is there any evidence to suggest the technology or the catalyst are similar let alone the same. I know it's hard for some to believe that someone has finally resolved the plastic waste problem. The team at JBI have worked around the clock to bring this technology to market. Stay tuned.
and I can assure you JBI is not a scam. I expect proof to be provided to those with that wrong opinion this year.
And, I don't know how and why others want to try and destroy a company whose goal is to help solve one of the world greatest environmental catastrophes - waste plastic.
I believe it was said there was little to no residual in the processor after shut-down of # 3 but that a thorough inspection was required to ensure nothing unexpected occurred (which did not). I recall that they may have been down for 3 days, but not sure. The best part is that they don't need to be down at all because there is little to no residual build-up - and that's huge.
Good for you - I hope all our DD about this technology comes to be.
might there actually be a BIG run up here?
Well at least he/she admitted that Kool's share price is understated. Not sure why he/she won't point out the error so it must be a substantial understatement. Regardless, we could consider the possibility that he/she is correct and the share price should be much higher.
The best Plastic Pyrolysis Processor in the world has been created by JBI and to think that they did it with far less funds and in far less time than should have been possible. Sure, it would have been better if processor # 1 could have been the flagship but after a few months of operation it became evident that a new design was required. Processor # 2 was also expected to be "the one" but, without continuous real-time clean out, it too needed to be redesigned. Processor number 3 has real-time clean out and continuous operation of 30+ days.
The current share price has absolutely nothing to do with how well processor # 3 works nor does the current share price have anything to do with future share price.
When processors 4 and 5 are sold (hopefully in Q1) the company will instantly become cash flow positive. The designs/engineering are all in place for quick roll-out of the modular processors going forward.
so not returning your calls means he's more professional?
Why has he been ignoring your calls and emails?
That's because the DEC was inundated by calls by those who don't want JBI to succeed even though JBI Inc. has the best plastic pyrolysis processor in the world
yep we're all here until it no longer exists or it makes us all millionaires - which we all believe is the most likely to occur. I have complete confidence. wowwowowowowowowowowowowowowowowowowowowo
suggest reading the response - it's all there
who pumped what, when?
no doubt wash trading
patience is needed for a little longer
As we all know JBI, the company, wanted to defend the case but had to agree to a settlement because the investors demanded a quick resolution as a condition of financing. John stepped up to the plate and took the hit for the team - extremely admirable in my books. Most investors come down seeing John as a hero.
I expect John had only the best interest in mind when settling. If this was some of scam he would never have done that. I also believe the SEC representative wished she hadn't allowed herself to be convinced by certain people that an accounted was something more than that. Where is she now anyways - she get a promotion for the stellar work she did on this case?
and no finding of any wrong doing. What happened to the young lady who filed the suit?
are any trades legit today? 4k9p advised earlier in the week we'd have big volume Thursday or Friday. MMs are playing the game again.
.034 is collapsing? I predict prices in the multi dollars soon.
"Why is the pps collapsing?'"
totally agree
haven't been watching today - was any news released?