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Sorry Fourkids. did not mean to imply that you said that. should have prefaced my comments with "Some Longs." I hope JBI works out well for you and for all of us. With Four kids and nine pets, you might need it, I would think.
The only point that I am trying to make because the board is getting a little feisty with investors taking both sides is that you can only go on the evidence at hand. It's too early to conclude one way or another the future for JBI. Although as a shareholder, I am hoping that we do well.
It's the connundrum we are all faced with. Despite what the longs say, this is not a slam dunk by any means. This is still a risky speculative stock. I have often compared this to a lottery ticket and it still is. If JBI is successful and there is tangible evidence to support that thesis, then JBI will reach your target.
However, if it is not successful as others have suggested and there is some evidence to suggest that the risks are high to consider that scenario, then you know what happens.
It's my experience in investing that people will see what they want to see and ignore all other evidence that does not fit their belief process. Very positive people only see the positives. Negatives see the opposite. It's hard to stay the middle ground.
I can only post once a day so I cannot answer any replies
There could be lots of reason why media does not have an immediate reason why they are not interested. It does not have to be negative like you are suggesting.
I still think it would make a very interesting story. Small little Canadian company trying to accomplish something new and novel having to set up operations in the US as opposed to Canada or it could be what you and others are suggesting. Either way it would make a great story. Lots of twists and turns, intrigue. etc. Some very neat angles to approach it by.
JBI may be avoiding the media until they are ready.
I've tried to get the media and analysts interested in JBI. I've sent out dozens of emails to journalists, analysts and portfolio managers in the hopes that they would look at JBI to provide an honest unbiased opinion on the story. So far, no takers. I can only do one post a day for some reason.
I think everyone is way to impatient for JBI. My guess is that it will take another 2 or 3 years for anyone to determine if JBI is a success or failure. Right now they have minimal revenue and it will take some time to see many processors in the field generating revenue. The essential question should be, does the technology work? It appears to. The next question is how profitable is the technology when operational. We should get some insight into that in the next 2 or 3 quarters.
Give JB and the company a break. What they are trying to do is really difficult and on a grand scale and they are learning a lot as they go. From inception roughly 3 years ago to where they are now is impressive. We are about halfway to how long it will take for a new technology to rollout.
I suspect that if you were to ask JB what is the most important lesson he has learned, he would respond that it takes a lot more time for things to develop than he thought
yes its excellent. almost as good as a conference call or a News release.
I do look. I have not seen this yet so I am asking if it is new.
This FAQ page is new? I have never seen it before. Very cool.
JB strikes as a very methodical process oriented individual that can make and implement rational decisions. That said, if P2O didn't work as advertised he most likely would not continue to work as hard as he has to make it successful
GM is not accurate at this point of the game. Margins will go higher as more fuel is produced
Could be. We still don't have irrefutable proof that they are cash flow monsters. I am just pointing out risks and I am not being negative or bashing. Of course if all the risks are eliminated then the stock will be much higher. $2 stocks are not Ma Bell.
They will have to. I can't imagine RKT will want to wait years for this to happen.
Rename the company P2O and launch via an IPO on TSX or NYSE/NASDAQ. It won't happen overnight but that is my bet. We (initial holders/PIPE holders) have been the VC capital to date to get the company seeded. To go big they will have to IPO ultimately. We can support a company with 125 to 150 million shares O/S or even 200 million. That will be ok.
The biggest risk is financing. $4 million in the bank will not get you very far. For this to rollout like we hope will take a lot more money than that. Yes, if P2O spins off cash like we hope they can internally finance it from cash flow, but that will take years to get to 100 processors or more. I think they will need about $50 million to get to critical mass. I still think a spinoff or sale of unwanted assets and then an IPO of P2O will happen.
No more PIPES but an issue of stock on a recognized exchange
There are always risks. The minute you stop looking for them is when they get you. Risks you can't possibly expect happen. The entire market is one giant Ponzi scheme at heart. Its ruthless and relentless in its persuit to make the marginal buck. They will put you out of business and assign you to the dustbin of history if it means making an uptick profit.
I don't recall ever saying it had a 1% chance of success. I never felt that the odds were less than 50% to 70%. If it had been anyone other than JB, I would never have touched it. He impressed the hell out of me from the beginning.
Same risk inherent in all startups. Lack of cash flow, reliant on financing, Intellectual property risks, market risk, risks of a big competitor etc. If they are successful the risks will diminish over time. Its not Bell Canada for sure or IBM. Its big risk, big return. Thats why I call it a lottery ticket. We will have to wait another quarter or another JV announcement to get a handle on progress.
I am not kidding myself. I still consider it a highly speculative stock abd a lottery ticket
Still lots of work to do and plenty of risks ahead but we proved a very important point. We can produce and sell P2O product.
R&D is JB. He is cheap and frugal.
For disclaimers sake, I will state that although I am happy with the report, an investment in JBI constitutes blah blah blah blah blah, etc
Those are the positives I saw behind the scenes. Now if we could get rid of the WN and all the other crap, we can let the rest of the world know in short order
Its the little things behind the scenes that I am happy with. The numbers are not of any consequence at this point. Its the first q with any real sales of product from P2O and they have money in the bank. Most expenditures were non cash items like before. I need to do more analysis to determine their burn rate but at least they will file more quarters and hopefully on time from here on in.
You know what? I don't care if the sales of P2O product are meagre. At least there were sales. I would have been a lot more concerned if there were none. At least that lessens my concerns. I am happy with the report. It shows a lot of progress and hard work behind the scenes.
Some interesting stuff here:
www.menafn.com/qn_news_story.asp?storyid=%7B650acb5d-6e7e-466c-bfbb-29a40e3e9abb%7D
Zardiw. I am not a cheerleader or a basher of JBI. I have no alliances or hidden agenda. I am a shareholder of JBI and I simply seek the truth about my investment. I just don't think I have found it yet. I keep an open mind about the pros and the cons of JBI. Plenty on both sides of the ledger. If I find fault I express it and listen to both sides of the argument.
So what will happen if we don't file by the extention deadline?
Do we get the dreaded "E" back tomorrow if no filing?
Why hasn't a 500 ton processor been considered as opposed to multiple smaller units? Just one location. No need for extra permitting, etc. Just bring the plastic to the site and process huge quantities of it onsite and sell the fuel?
Interesting article:
gas2.org/2011/08/20/plastic-2-oil-turns-landfills-into-stinky-gold-mines/[tag]
Why did Waste Management not know what you know before investing in Agilyx? That just does not make any sense.
This irritates me. JBI's financials are not a lot more complicated than a Mom and Pop convenience store at this point and are not that complicated. We need to be better than this.
JBI files Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
I think all he referenced was that they would be late again. I don't remember specifics like that
I hope its not late. My heart can't take any more news that might be perceived as negative
What is really amazing is that some of you guys may actually be right.
The leaving of another director is another one of those things that really concern me. I see it as a worrisome. Why did he leave? I know many have said that it is inconsequential to the company and others have expressed legitimate concern. I guess it depends on what you want to believe. Some fail to see any news as negative or positive. They see it through the prism of what they want to believe. Only time will tell but for me, there are just as many negatives as positives for JBI. I suspect that is why the RKT news failed to provide any meaningful rally for the stock. I think we will be stuck around these levels until the WN is resolved one way or another.
No dream. Basically the same thing said in all reports. No video, just commentary on their web page Probably picked up from various news services.
JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable ...
WCAX.com is your local source for information in Burlington, Vt., delivering breaking news, weather and sports. Covering all of Vermont, the Upper Valley in ...
www.wcax.com/.../jbi-inc-announces-a-ten-year-agreement-fo...
JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable ...
Nashville's News 2, the ABC affiliate in Nashville, Tennessee, is your local source for late breaking news, sports, weather and traffic.
www.wkrn.com/.../jbi-inc-announces-a-ten-year-agreement-fo...
JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable ...
WECT TV6 - WECT.com - Wilmington, NC news and weather - JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable Conversion of Waste Plastic to Fuel ...
www.wect.com/.../jbi-inc-announces-a-ten-year-agreement-for...
JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable ...
Local news, weather, sports, traffic, health, consumer and television programming information for Charlotte, North Carolina.
www.wbtv.com/.../jbi-inc-announces-a-ten-year-agreement-fo...
JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable ...
WAFF.com: North Alabama News, Radar, Weather, Sports and Jobs-JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable Conversion of Waste Plastic ...
www.waff.com/.../jbi-inc-announces-a-ten-year-agreement-for...
Disclaimer: I have no idea what the future holds for JBI. I am a shareholder and make no recommendations to either buy or sell. I recognize the risks and the opportunities going forward
That would be a wonderful way for it to be announced to the world if it were to happen that way.
Producing a few units at a time and allowing cash flow to finance the rollout of additional units will really hamper future growth prospects and certainly delay any further JV's.
If RKT can have the capacity for "100's" of processors and they rollout a few at a time, what will happen if another large company approachs JBI and asks for processors, will JBI have to refuse as they have to accomodate RKT for the foreseeable future?
Does anyone have any idea as to who is going to build all these processors? I've heard speculation that it might be Honeywell. I can't imagine they will continue to build them in their machine shop on premise. Any idea as to how this might affect costs?
In any event, to build 100 processors will cost anywhere from $30 to $50 million I suspect. Do you think they will start small and build additional processors from cash flow or will they go for the gusto and roll out 100's at a time?
Either way, its a big chunk of change. I wonder how this will affect future financing, cash flow or earnings. Its a very ambitious project.