Wrong. It was 5 minutes. The reactor temp drops 100 degrees C, and the bottleneck becomes the condensers.. they have to handle that huge volume of gas/liquid.

Shockingly efficient, thanks to JBI's catalyst. I guess for a 20-ton per day machine the workers could effectively put in 3 hours and then go home.

A defection? How interesting. I doubt Findlen switched teams simply for a higher paycheck -- he must simply be more confident about Cereplast's future.

This is great news!

Stu

I think CERP has a very bright future. Consider Metabolix, who's market cap is 6x that of CERP with less revenue, and you are sure to see the share price rise in the coming months.

They also appear to have a first-class management team, and all the right things in place (product mix, patents, production capacity, sales team) to grab market share as it rises.

There must (and will) be a shift to bio-plastics in many areas, specifically, I imagine, for food packaging (the "unrecylable" plastic).

I'm looking forward to see their Q3 plan of becoming cash-flow positive, and when that happens they instantly become the best-positioned company in this space -- perhaps globally!

Stu

same here.. I added what amounts to less than a quarter of a percent of my current position. Some would say why bother, but .. when you can get JBII shares this cheap, you take every last one you can afford

There has been plenty of teasing already through PRs, audio interviews, conf calls, the AGM, and of course the P2O tour itself.

But just because the audience is not huge, I don't think it warrants a bigger hype campaign -- that would seem too desperate. All those involved with JBI and most shareholders have already told all their friends & family to invest, and we've probably reached as wide as is possible for an OTC company with no sizeable revenues.

The next step is uplisting and proving P2O works as-advertised. When that happens, they won't need to do anymore. Shareholder appetite is wet [sic] enough!

Hold on tight, Q2-Q4 will be one helluva ride!

Stu

Too bad you missed the AGM Steve. John mentioned that we'd all be surprised how many companies (esp. oil & gas) are STILL using tapes these days.

So many wonderful answers came out of the AGM -- it's just a matter of time before everyone who claims JBI and P2O is just fairy-dust is blown out of the water. I'd hate to be short on this stock -- the potential losses are staggering.

S.

Indeed, it seems highly unlikely there is another PIPE offering just yet. We are only a few days after the CFO stood up and told 450+ shareholders that JBI's cash position was good and that they hoped not to need another PIPE.

That said, if they did.. I'd happily fish the coins out of my kids' piggy-banks with a pair of tweezers in order to participate at a discount to today's (already very low) prices -- given what's about to happen!!

Stu

They recently raised money ($8m?) through a PIPE and are still looking for more. I inquired about it a while back and it seems like a very solid company with exclusive rights to very advanced low-power reverse-osmosis technology and a nano particle-based paint for solar panels. They have a bunch of LOIs already in-place from prospective buyers (in India & Africa for the self-contained solar water purifiers, and in the Middle East for their solar-skin building HVAC system).

If I recall correctly, they are aiming to be cash-flow positive in 2012 and only need money for manufacturing & salaries until then -- they don't do their own R&D -- it's all coming out of the Swiss University (nano-paint) and the German company who owns the IP for the osmosis technology.

Stu

Superb DD SteveF -- thanks for keeping us informed.

I'll defend Raw's guesses on share-price. It takes skill to guess what the share price will hit when certain milestones are reached, but luck to get the date right. We knew the housing bubble and dot-com bubble's would burst, but no economist in the world predicted when it would happen.

So maybe we should change the question and ask what people think the share price will be after certain material milestones like an uplisting, or permits granted in NY, or the first quarterly 10Q showing P2O revenue, or the signing of more JVs/ADAs.

Nobody can know when these will happen, but they will all happen.

Also, AGM attendees have likely all already had their friends & family buy JBII -- it needs a bigger audience and revenue to make it soar.

And for what it's worth, JB should be giving CEO lessons, not taking them. His leaderhip, transparency, openness, enthusiasm, drive, and vision are too often qualities many CEOs lack.

For what it's worth, I got the up-close-and-personal version of the tour behind the blast wall. John turned the tap, and ... as you can expect... amber fuel poured out. It was very hot.

And very real.

I have 3 words for you all: Pak-It Bubble Bath

cool.

Humbling.

That's what this weekend's AGM was for me.

Humbling to see over 450 people turn out for the meeting.
Humbling to meet John, Jacob, Geoff, Al, Michael, Linda, Greg, Amy, and the rest of the management team and board, and discover just how bright, friendly, and motivated they all are.
Humbling to see the P2O machine up-close and running.
Humbling to see the evolution from the Blest prototype to the 20-ton machine, including all its iterations and improvements, in barely 9 months.
Humbling to see the fuel quality report posted on the wall of the P2O factory.
Humbling to hear how PhD chemists from IsleChem were themselves humbled at the results of JBI's P2O process and the efficiency of the catalyst.
Humbling to learn that there is no scrubber or filter on the exhaust of the P2O machine.
Humbling to mix socially with shareholders and JBI management on Friday for drinks at the bar; a group of people from all walks of life and all corners of the globe who believe 100% in John and this company, and who won't give up any shares for a long time to come!
And finally, humbling to see first-hand the result of all the hard work and dedication that the organizers of the AGM and P2O tours must have done in order to pull off such an large event (that was, incidentally, flawlessly executed).

There is simply nothing more to learn about JBI that will change my conviction that this is THE company of the decade. I'm all in, and thank all of you who helped me get there! Your insight has been very much appreciated.

Stu

Yep, that's the stuff alright. $85/barrel. Pop pop.

Nuh uh, because the oil I used in the pot was low sulphur ASTM-certified diesel. It's expensive too... costs almost $85/barrel!

It's like making popcorn in a pot. You throw in some oil, a bunch of corn kernels, cover it with a lid, heat it up, and shake until they're all popped.

If you get nervous or panic and think that maybe they won't pop, you may take it off the heat, remove the lid, and take a peek.

But if you do that, you may well get a few popping in your left eye. That would hurt, and you'd lose some popcorn.

Best just to leave the popcorn in there with the heat on until it's all done.

JBI will start to pop soon. I'm keeping the lid on no matter what happens during somebody else's "short vacation".

Stu

You forgot "CEO with rock-star status"

The thing is, if JBI really is the real deal, you'd still have all these things anyway. So if that's your rationale for believing that JBI is just a scam, it could use a little work.

Z, can you bring me a size L to the AGM please? EP, I'll take one of yours too if you have any left! Maybe 3 size small too (for the kids).

See you there folks! Skies are opening over Europe!!

Stu

This company has a lot of things going for it IMO, and if (as they predict) they are on-track to be cash-flow positive in Q3 this year, it seems more than reasonable they'll be able to raise the funds to get there.

If they make it through, and I suspect they will, they should emerge as perhaps one of the best positioned bio-plastics companies around (excellent management team, portfolio of patents, hybrid resins, ample manuf. capacity, etc.).

I was surprised that the RS and uplisting happened so fast, and expected the share price to falter significantly post-RS (as many do) and as a result of their cash flow issues. I now doubt it will happen at all -- I think their campaign to educate about the market and improve their visibility is helping, and I believe their share-price has seen its all-time low by now.

Fingers crossed for profitability later this year, and solid growth in 2011!

Stu

Harbinger Research Initiates Coverage on Cereplast, Inc. With Strong Speculative Buy Rating

http://www.marketwatch.com/story/harbinger-research-initiates-coverage-on-cereplast-inc-with-strong-speculative-buy-rating-2010-04-20?reflink=MW_news_stmp

Some excerpts from the report:

"Strong Speculative Buy"

"Global Plastics Industry Exceeds US$2.5 Trillion; Bioplastics Have Become Fundamentally Competitive but still Have Only 0.1% Global Market Share. Extreme Industry Growth Is Probable."

"Cereplast is Well Positioned to Benefit from Growth in the Bioplastics Industry"

"Its bioplastic resin formulations are protected by approximately 50 patents, and it has recently made strong inroads with major customers and prospective strategic partners."

"Despite Cereplast’s position as an emerging leader in a hyper-growth industry, the Company’s total market capitalization is just over US$50M. The Company has no long-term debt and has recently made significant progress on multiple fronts"

"We believe that CERP shares represent an excellent investment opportunity at these levels, and are therefore initiating coverage of CERP shares with a Strong Speculative Buy rating."

SwissINSO Announces Completion of Solar-Powered Water Purification Unit
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100420005773&newsLang=en

The yield I quote is the Bordynuik number (confirmed by IsleChem): 1kg yields 1 litre of oil.

The point is really that for 1kg of "plastic" you put in, you get 1 litre of oil. This is not alchemy ... there will be no oil produced from pigments additives or other "inorganic fillers". I'm sure you will find this is the case for all other P2O technologies out there.

So if you feed in material that is only 50% plastic (polymer), then you'll get 50% of the yield. But the ratio of 1kg=1l and the quality of the output (not to mention speed of processing, low cost of equipment) is significantly better than competing technologies.

= no brainer

S.

Geologists don't give forecasts

Not looking good -- we were 3 in my group coming from Europe to attend! Arghh!!

Scion, you're right: garbage in, garbage out.

So if the plastic is "dirty", say 2% (coloring agents, metal, glass, etc.) then 2% will not produce oil.

But all the plastic in there (dirty or clean) is still plastic -- a hydrocarbon. And it all gets converted (1kg = 1 litre).

Stu

I like the sound of JBI helping themselves to a healthy slice of the crude-to-pump margin that they will get by refining their own product in NY!!

But even at crude prices, it's still a no-brainer.

I hope that damned Icelandic volcano stops acting up so I can make my flight to attend the AGM on Saturday!

Stu

JBI's been stating figures in MT (metric tons), which is 1000kg, or 2200 lbs.

So 1 "ton" of plastic yields 1000 litres of oil, which is 6.3 barrels (159 liters / barrel).

20 tons/day is the "working" number for the estimates of a P2O site, or 126 barrels / day (almost $11k / day). But the processor can do that in 3-4 hours max, so the theoretical max is MUCH higher.

Can't wait to see the real production numbers blow these conservative estimates out of the water.

Stu

To pay or not to pay (for plastic)

All this discussion of paying for plastic, or not. When you consider that it takes $10 to product a barrel of oil using JBI's process (all costs in: staff, real-estate, equipment, etc.), and oil sells for $85 a barrel today, that's $75/barrel PROFIT.

1 ton of plastic = 1000 litres of oil = 6.3 barrels = $472 profit

That still leaves plenty of margin to pay for plastic, should they have to. Even paying $100 per ton would net them almost $400 per ton, and $100-per-ton plastic is market price for 1 ton of many types of the lovely cleaned, sorted & shredded stuff.

Consider that tipping (dumping) fees are > $50/ton (at least in the UK), and that mixed unwashed plastic are not sellable today, it seems unlikely that JBI will have to pay for plastic at all.

Last week former OTC-listed CERP uplisted to NASDAQ, and they have less revenue that JBI and significant losses.

JBI qualifies in every quantitative way, so I suppose then it's just a matter of time.

S

You're way off there Steve.

Blest themselves say that the output contains "contains gasoline, kerosene, diesel oil, and heavy oil".

And some initial figures on Pak-It retail sales in the world's most populous nation: China.

Nice.

Bio-plastics will gain huge traction if petroleum-based products are found to have effects as described here:

"On 30 March 2010, EFSA received an urgent request from the European Commission to review scientific arguments supplied by Denmark in support of the government’s decision to ban the use of BPA in food contact materials for infants aged from 0 to 3 years. The Danish risk assessment was based mainly on the study by Stump looking at possible neurodevelopmental effects of BPA at a range of different dose levels. EFSA has responded to the Commission explaining that this study is the same as the one currently being evaluated by the CEF Panel."

Taken from: http://www.foodingredientsfirst.com/news/EFSA-to-Provide-Comprehensive-Overview-on-Bisphenol-A-Safety-by-end-May.html

Ha..Yes, perhaps in your world they will.

As Dr. Frasier Crane put it: "What color is the sky in your world Cliff?"

Please let's try to raise the quality of skeptic's DD, shall we?

There is a concept called LCA (life cycle analysis) which can be useful to calculate the true cost of your operations in terms of CO2 or energy, but you need to know where to define the boundaries of your own system and where those of your suppliers / partners are. If the P2O process were required to account for the energy used to collect the plastic, then the companies/cities who did that for them would be able to claim they run their entire operation without any energy. Does that seems possible to you?

When you eat a hamburger, do you count the calories that the cow ingested during its lifetime?

Nice.

And by the way.. which one's Pink?

It sure ain't JBI.. he's Green today

Really? Then read this post and watch the video of the Blest sales rep explaining their table-top version:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47621440

Nothing like JBI's process. Like night and day my friend.

CERP's biodegradable covered on CNET!

http://news.cnet.com/8301-17938_105-20002275-1.html?part=rss&subj=news&tag=2547-1_3-0-20

S

21% of his position? Are you sure SteveF?

Seems to me you've got something wrong there. Somehow I think Wess has a little more than 3800 shares of JBI. If you'd done your homework, you'd think so too.

Geoff Weber has worked with URS in the past to do similar work: assembly/construction & permitting. Globally.

It is a tremendous advantage to have URS helping out with this -- it removes a potential bottleneck both in terms of assembly and permitting. The fact that Geoff has worked with them in the past is clearly an advantage too as he knows how they work.

Sounds like they have the right team assembled over there to rollout P2O very very quickly!

Stu

Awesome! Good to see a decent & legit company with a solid product offering and outstanding management team on the OTC get up-listed so quickly.

Next step: cash-flow positive in Q3 and the funds to get there. After that it's all downhill (the hard work, that is.. the PPS is all UP from then).

Stu

They need to run about 30 days in order to turn a profit.

Did any one else here listen to the GBRC shareholder call yesterday? Their microwave technology for converting tires to oil is still in lab-phase, but it would appear they'll compete with JBI's technology in this space.

Their JV with Phoenix Renewable Energy to process scrap tires into oil in several US states hopes to have the first operating machine up and running in... wait for it... 18 months!

They've been working on this technology since 2002 folks. Furthermore the cost to build the 3-ton-per-hour plant is measured in $ millions, not thousands, and its footprint is measured in acres, not square-feet.

So anyone who'd like to take pot-shots at JBI and accuse them of dragging their heels with commercialising their P2O technology ought to consider how they're doing vis-a-vis their competition.

Stu

P.S. I'm not a GBRC shareholder.