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I've no idea what you are rambling about there Lilli, do you?
Too late for that - must be a shareholder as of 3/23.
Regardless of the trip, it will take big money coming in to move the stock price, as happened in December when some funds bought in. Therefore, I do not expect JBII to get much past $7 until they uplist.
The honest John and Eistien stuff is just a meaningless sideshow.
Okay—freedom of speech understood, but why then cry that kind of “emotion-laden” foul when a negative dynamic is mis-represented?
I do not think that calling a spade a spade is "emotion-laden". The 3 examples that you cite were backed up in SEC filings. I tend to rely on facts as a basis of truth. I understand that some only see "shades of gray" in everything. Most things are not nearly as complicated people make them out to be.
Nobody is forcing anyone to buy JBII. In person, I have told several people about JBII. Some have bought and told others, who in turn have also bought. Others that I have told about JBII have told me to "go fly a kite". In the end, one makes his own decision. I-HUB is a very small world. None of those that I spoke with had ever heard of it. With JBII I am betting on management, the decisions that they have made and the people they have hired. It really is that simple.
Jimme - What was stated was "no revemues coming in". Spin it any which way, but it is simply a lie.
JB has already stated another pipe will be required to fund the P2O rollout, aka land rush. We already know that it cannot be funded by current profits. That is a given. But that is entirely different than "no revenue".
Yes, it appears the directors paid nothing for their shares, therefore the company realized $0 into their working capital fund, and shell shareholders got diluted into oblivion.
Money for nothing, monkey rock for free.
Disclosure: sold my 20k shares at .021 Monday
can you please explain what does it mean that the CEO returned 75% of his shares to the treasury ?
75% means that for every 4 shares he owned, he put 3 back into the treasury - to reduce the number of shares outstanding (OS).
did he just give them back for free ?
Yes, he was not charged a fee to give them back.
why would he give them all back ?
He did not give them all back, only 75%.
Looks like you are off by a factor of 10, even if we assume it will trade with a P/R of 1.
$400M market cap would require (really rough 1x revenues at $80/bbl) 50M bbl/year production
Don't expect one here, seriously.
Looking for a decent JBII debate
You must be joking. There are at least 50 of you "contrarians" by now and you post your opinions here endlessly.
Certainly good to hear that. Are you surprised?
re:His facebook page is private as I and several others have been denied access to it.
Exactly - renew them annually, without the need to go through the bidding every year.
A govt. sole-source contract, or any other contract for that matter, can be for one or multiple years. It just depends on the contract. They do not have automatically have to go out for bid every year. Because of all the time and paperwork effort it takes the govt. to get a contract awarded, I would be surprised if it is only a 1-year contract.
Good question. I think they want as much information in the validation PR as possible, including various feedstocks and the testing results with each. Also they will probably want to improve the efficiency before releasing the report that will contain efficiencies attained with said variables. In essence make the report as complete as possible.
Vision stands out. Actually John has all the qualities that make a great leader, but to me he has a vision of where he wants JBI to go that just seems to mystify and bewilder the bashers, doubters, etc.
In your view, what is the single attribute that most qualifies John to lead this company?
mx - I think that we have all known that the process works in the big processor for some time (if you believe John's word). They probably want to make it more efficient before unveiling it to the public/media. Because of all the skeptics, I do not think that isuuing a PR stating that it works would be nearly as effective as showing it, and if I can interpret the strategy correctly, they will not issue a PR until they have a date set to show it producing oil in front of many eyes. This will be the "bring a chemist and a calculator" moment. I think that it will happen probably in March.
As for Islechem being part of the JBI P2O team, I think this means that they have been contracted to work with JBI to make the process better / more efficient. I would bet that they have internal deadlines for this to be completed.
In addition to a CFO, what EGMI really needs is someone to replace LS as chairman, and I don't mean anybody curently on the board or employed by the co. Unfortunately, I don't know if they realize this or not. If they can't get a CFO, what are the odds of getting a new COB?
Rev - Why don't you do some research on John Bordynuik before coming here and saving us all from the "sins" of investing in JBII? After all, JBI is about John, not about Kidd. Let us know what you find.
Mr. Bordynuik purchased 63% of 310 Holdings Inc.'s common stock on April 24, 2009. The company will take advantage of these economically turbulent times by acquiring highly leveraged assets for pennies on the dollar. The company will also build profit centers to exploit solutions solved long ago, but lost on old computer tape backups that could not be commercialized then due to technological limitations.
No. 10K is due 3/31. No 10q due.
JBI us locking up supply - 5 year contracts. Of course you do not believe this.
What makes you think that JB has not researched the state of the industry way beyond this?
Wrong again. A govenment sole source is done because only one vendor can provide the service. Tkae it from someone who knows.
Here's a clue:
1 - Wrong they never said that in a PR
2 - same process
3 - Wrong 99% was never stated.
Tires, waste info is in the ibox
Does anyone know if JB is in China this week? It was stated a while ago that he was planning to go the last week of January. I haven't heard anything about it lately though.
The real future revenues are in this P2O stuff, JB will tell ya.
They should PR that the "validation"/certification is complete when it is. That is a material event. They should get as much publicity on this as possible and hold a conference call. I didn't know they had changed their minds on those plans. There never was any plan to release the details in a pr.
On another note I submitted the PAK-IT product line as an entry into the "Green DOI Challenge". Can't hurt any.
I just discovered this stock last week. Bought at .07 Friday and doubled up today at .09. May add tomorrow, we'll see.
$20 is nothing, whether it comes in May or February, I won't be selling. I do not see anything significant about $20. It just seems silly.
$51 on 5/1.
"While our interviews are unscripted"
Wow, is that why is sounded toally scripted?
Hopefully, he has already ordered more with the $3M left over from the PIPE after paying off the debt. I hope he would not wait until the processor is assembled to get that ball rolling. Knowing how John operates, I don't think he would wait considering the lead time with shipping, customs, etc.
Exactly what I am going to do first thing on Monday, traditional IRA to my Roth.
I suggest you take a trip to Niagara Falls to visit John. Oh, I forgot, do not believe anything from the company or CEO. Maybe you can argue with John or IR.
Does anybody think that the entity that wants to do the next pipe at $20 is driving the price up, picking up cheap shares along the way? If the entity wants to buy millions of shares, it would need the price up at that level, as John has stated. They may be wanting to get the price up there as soon as possible, before major media hits. Just curious.
There were only about 10 lies in the new basher's post, if that is what you are referencing.
I see your point. However John will do what is in the shareholders' best interests. He is not like any other CEO. I'm sure John would have a good answer for your question.
The preferred shares are not convertible to common shares. He can sell them for whatever he can get, I would think.
John originally had 43M and has returned 22M.
Next week (12/29) he will return 9M.
That leaves 12M.
4.99