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German markets close at 8pm local time, or 2pm EST. We are currently seeing high volume selling as low as EUR 0.33 ($0.44).
https://chart.consors.is-teledata.com/module.chart?LANG=en&ID_NOTATION=1554182&QUALITY=BST&TYPE_CHART=CANDLE&TIME_SPAN=1D&SHOW_PREV_CLOSE=1&TYPE_IND3=SST&INDICATORS_COLOR1=000000&INDICATORS_COLOR2=00FF00&INDICATORS_COLOR3=00FFFF&TYPE_IND5=VOLUME&ID_TYPE_SIZE=
Stu
I just saw FF drop under EUR 0.4 ($0.54)... ouch.
That was a reply from Christine to me personally. As a shareholder, I have signed-up to take a tour.
I posted it here for the benefit of all other shareholders asking about the tour.
Good try though.
Oops, so I was wrong.
But then so was SteveF.
John Bordynuik:
Because there are people here passing misinformation and lies here (to a rather large audience), which negatively affect shareholder value.
I'd say it's almost valiant! How many CEO's do you know that will vigorously disprove slander and untruths shortly after they're voiced? And he hasn't been wrong yet. You, on the other hand, cannot say the same.
Pretty big green-flag if you ask me: Integrity intact.
S.
Just got this from Christine (organizer of the tours):
The tour will most likely be on the Canadian side, however, I am told to advise people to come prepared with a passport. Hope this helps.
A little ambiguous, but.. that's the answer!
Stu
Excuse me? Pak-It in China? Now THAT has revenue potential!!
Did this come out of nowhere, or did I miss something?
Stu
public realtime FF chart : http://bit.ly/ajIaLw
Stu
It's OK. The entrance fee is a mere $4.40. Cheaper than a cinema ticket (for now)!
What to expect when it happens?
Has anyone here lived through the BK lawsuit "deal" before? When a deal is announced, is trading always halted? And does it resume, or do you simply get credited the amount offered in the deal x the number you held at halt-time?
Just wondering what to expect if things go our way!
Thx,
Stu
I see activity only on Berlin, Stuttgart, and Munich. Nothing on FF yet (but I'm not realtime). What's the reading on FF trades?
S.
It's already tomorrow here in Europe
And we're hoping to see a trade freeze just around 8am EST !
The one-week delay requested sounds like things are virtually agreed already. Hope for some news by tomorrow/Wednesday latest.
S.
I don't have real-time... do you not see any volume yet?
Regarding JBI's potential involvement is an ocean clean-up operation:
(Taken from the Q&A session of the November 2009 JBI conference call)
Q: Much has been written about the large plastic patch and environmental hazard in the ocean! Do you envision JBI eventually attacking this problem which would result in positive global press?
Bordynuik - 10:23 PM
Well, we don't hire stock promoters so we have to look to work on projects that will bring attention to the company. In the end, the volume of our stock will depend on the number of people that know about it.
Indeed a trip to these plastic soups in our oceans would hardly be done for profit -- I think I did some math a while back and figured that a tanker dragging a net 100m wide would still have to do over 8500 swaths of 850km (a total of 7,000,000km traveled ) to scoop it all up. And even it if were all converted to oil, it wouldn't be enough to power the tanker those 7m km.
Still, it needs to be cleaned-up but not simply to be landfilled directly afterward. Since it can't be recycled, converting to oil seems like a reasonable alternative. It would likely get subsidized by several countries and/or Fortune 500's too.
We'll have to wait and see, but if JBI has any role in any effort to clean it up... the exposure they'd get would be monumental!
Stu
The Great Atlantic Garbage Patch?
It would appear we have an ocean full of plastic waste a little closer to home, that is "comparable with the Great Pacific Garbage Patch."
http://news.bbc.co.uk/2/hi/8534052.stm
Its incredible the level of damage plastics do to our environment -- I truly hope we someday reach a level of zero-waste plastic. P2O is a big part of the solution.
There's a great documentary on the nuisance of plastic in our daily lives, called "Addicted to Plastic", that I strongly suggest you all buy -- after all it's likely 0.001% of your JBII gains so far (excluding the folks here who are convinced JBI is a scam and therefore have either never bought any stock, or have shorted it and are waiting for it to drop to turn a profit.... I guess they won't be seeing the film)
http://www.crypticmoth.com/plastic.php
Stu
Winslow, funny how you got so many things right in that last post, and yet appear to not know the answers to some pretty simple questions like when is the AGM.
Instead of asking Raw to confirm what the "talk of a big meeting" refers to, how about I suggest you read the press releases?
Your memory needs no refreshing -- your tact, however, does.
Good luck to you. Hope to see you at "the big meeting" that is pending.. or.. in April... or... well you get "the gist".
Stu
Absolutely it's still a "go"! JBI has their first site up already in NY, and are processing plastic as I type this (the IsleChem tests, remember?).
They've also signed contracts for the first few of 45 P2O sites in Floria, and taken deposit for the processors. I my book that's a clear "go" for the start of roll-out.
I stand by my estimation that JBI will report P2O revenue at the latest in Q2. And unless the IsleChem tests aren't producing any oil at all (hmm, unlikely), chances are they're already selling what's produced. So.. expect some p2o revenue in Q1 too!
S.
A deal is almost on the table! One week delay requested by all parties to come to an agreement.
(from court hearing just now)
Nice....
Go WaMu!
I'm guessing that JBI's p2o processors are to the Chinese pyrolysis machine as the Mazda rotary engine is to the internal combustion engine. i.e. patentable and markedly different in concept but based on the same chemistry.
Only it doesn't run on gasoline, it runs on nitro baby...
Explosive growth potential.
Sorry Steve, but the IBM PC is only considered "Open architecture" because they used off-the-shelf components. Tell me where you can find chips from a Mac in other computing devices? You cannot, because it's a closed architecture.
So PC clones didn't need to reverse-engineer anything .. they just assembled the same components (or compatible ones). Like JBI.
Rack-and-pinion steering isn't patented. Door handles are not patented. Ball bearings are not patented. Pressure vavles and condensors are not patentable unless they do something very specific and differently from the rest.
Invest in JBI my friend.
It's like when the Americans spent all that money on designing and building a long-range bomber for WWII, and when one had to do an emergency-landing in the USSR.. the Russians dissassembled the entire thing and rebuilt their own for a fraction of the cost.
Only this isn't 5% as complicated as an airplane.
JBI's machines rock: they are compact, simple, and efficient. They are innexpensive too. And the catalyst makes them twice as effective as Envion's beast.
Looks like a brilliant product ready to hit the market.
I'm ready.. are you guys ready??
AGM. April 24. Niagara Falls. Canada.
See. You. There.
JBI doesn't make money from the franchises unless their p2o technology does what they say it will.
$200k for a processors is not so much more than it costs to manufacture and assemble I'd imagine. So rushing out to establish franchises isn't a revenue grab, it's a land-grab.
Therefore why would they do this if they were not 100% confident in the p2o technology?
I'd bet they are. In fact I AM betting that they are
Stu
Sorry, I still didn't answer your question.
I'm not sure about the yield on the Blest machines: the PDF brochure for the B120 says "Recycle Ratio: More than 80%", but that's rather inconclusive.
Stu
Rock, I'm not sure why the simple fact that their P2O is not fully rolled-out yet makes you think it's all smoke & mirrors. You just happen to have discovered this company before they are "live" with it. Lucky you (and the rest of us).
Of course the PPS got way ahead of itself, and with a lack of revenue or news to support it, it's safe to call it over-valued.
But that is just a temporary issue -- long-term the price will eventually be in-line with earnings, and by then today's PPS will indeed reflect that we were "in the know" very early in the life of this company.
Stu
JBI is definitely suffering from a case of "guilt by association" when it comes to the OTC. There are numerous people calling this a scam simply because it's an OTC stock.
Not that it matters a damn, but they didn't use to be.. they bought an empty shell and did a reverse merger -- a strategic alternative to raising money via VC or PE.
If being a NASDAQ-listed company means people start to take LOI's more seriously, then I hope it happens soon as I happen to believe the LOIs are worth far more than the paper they're written on.
Stu
John has said that the "catalyst" he found on these tapes was among data that was unrelated to the concept of extracting oil from plastic. So the "prior art" argument may not apply in this case.
And since the catalyst itself cannot be patented, I'd imagine the specifics of his process is what they seek to protect.
S.
Rock, how do you know they don't have a site up & running?
IsleChem is doing testing on P2O machine -- that would imply they're feeding plastic in and getting fuel out. 3 batches later they'd have 30,000 litres of fuel to store, so .. that would seem to imply that they've sold it too. Of course this doesn't constitute a "production site", but it would mean P2O is partially operational and generating revenue.
Furthermore, your statement about the processors:
AGREED. I'd be in serious "accumulate" mode if I had any spare cash.
April 24, 2010: D-Day for the non-believers.
Get 'em while they're cheap folks!!!
Have a great weekend all!
Stu
Adman, the board members, having been named only a few days ago, would not (IMO) have a clue what to "expect" for types of advertising.
I have added the question of what the intended use of the media credits is, to my list of questions for the upcoming Q&A, so you will have your answer on that call I hope.
Stu
I guess you failed to learn (or chose not to) that only certain types of plastics can be melted-down and made back into the pellets which are used in the manuf. process of plastic-molding & shaping.
Many types (e.g. all thermoset plastics) cannot, and are therefor "unrecyclable".
For those that cannot, P2O is great -- and it does not add to the amount of diesel that would be consumed anyway from oil pumped from the ground.
S.
Intro & Progress To Date
taken from the CC last weekend, presented by John Bordynuik, CEO:
=> in 2009 acquired an public shell company with no operating business
-> had 63m issued & outstanding shares
=> converted to an operating company with 46m issued & outstanding shares
-> over $3m cash
-> several operating entities
-> significant revenues
=> operating entities:
-> tape & data migration
-> Pak-It
-> Javaco
-> P2O
=> factories in NY and PA
=> large blending facility in NY
=> warehouse in OH
=> offices in Mexico, Clearwater FL, Cambridge MA
=> executed agreements with Rick Heddle & Al Sousa for ship & land-based P2O activities, including P2O licencing
=> IsleChem (state-certified lab) is working with JBI on P2O validation and fine-tuning
=> executed LOI for air handling company to assist with Pak-It and medical waste
=> paid off ~$7m in debt (are now debt-free)
=> completed successful PIPE
=> created a value-based mgmt team
=> established an independant board of directors comprised of shareholders
=> built an excellent innovating engineering team, including chemsists for P2O & Pak-It
=> expanded Pak-It's orig. bus plan
-> massive direct-to-retail campaign launch
-> automating Pak-It operations (10x production increase)
All this, in only 9 months!
It's OK... it happened to me once too ..lol
Time will tell how tight a ship JB & co. is running.
My guess in something nice showing-up already in Q2, or latest by Q3.
That's a long time to wait in terms of the # of msgs that will be posted here in the meantime, but insofar as being an investor, holding for min. 3Q's is nothing.
Stu
I think a key difference is also how close you are to the company. Every single person that I know who has either met John Bordynuik or know people on the MT or BoD, is pro JBI. Not one person who has met people at JBI is skeptical. That should tell you something.
For sure at arms-length and on paper this "looks" like a super-hyped over-valued stock. The difference is that the closer you get to it, and the more you uncover, the more you're inclined to believe that earnings will indeed rapidly catch-up with the P/E, largely based on the rollout of P2O.
It's not bashing to say this company looks like a terrible investment from a distance, and your concerns are legitimate.
But look a little closer and the glasses don't become rose... they become sharper.
S.