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I don't get any either, but I find Facebook a miserably cluttered place to share ideas. 90% of the JB's wall is "XYZ has sent you a flower" .. and if I choose to ignore John's Friends then I don't see the useful comments by shareholders.
If it's a security setting somewhere, and Facebook is the defacto communication media for JB, then somebody should let him know how to turn certain things on/off.
I'm new to FB, so I haven't a clue.
S.
I believe equities can be listed & traded on multiple exchanges -- it's certainly the case in Europe anyway!
I have also read that there are some NASDAQ stocks traded on NYSE, but I don't have examples.
NASDAQ would attract investors who are "tech savvy" IMO, which does correspond to JB and JBI. Big blue-chips seem to prefer NYSE.
S.
I believe it was NYSE that took over AMEX in Jan 2008. They are not the same exchange, but the NYSE owns the AMEX.
There is a great article on changing exchanges here, and refers to some pros/cons of the differences. It's a rather long read, but contains some good information.
http://findarticles.com/p/articles/mi_m4130/is_n4_v21/ai_13928774/
Stu
Does anyone have pre-open L2 details (opening bid/ask) for today?
Thx,
S.
Little glitches like this are only unnerving when people are nervous to begin with about their investments. And the only reason left for people to still be nervous about JBI is lack of P2O revenue -- after that shows up there simply can be no nay-sayers left.
I find it unfortunate that this "payment" had to be analyzed to the point where people contact JB about it to get the proof. If the man had to defend himself against such scrutiny at every turn, he would not have time to move his company forward. Something which he's doing an outstanding job of thus far.
I say let all nay-sayers be.. let's stop providing them "proof" that JB has real integrity, just to be able to say "I told you so" -- there's already plenty of proof around now.
But it does speak volumes that JB would offer this info -- in an attempt to vigorously defend his integrity.
Save the dissecting for the $10m payment he makes on a fleet of oil tankers, not that THAT would need any more defending than $4k for hist first audio interview by a leading on-line news provider to be hosted for longer than 2 months.
S.
Is this "news" a result of the 3M investment? I wonder if 3M has some connections and/or "business applications" in mind already (something they own, clients they have, etc.) that is the basis for this 'strategic' shift.
I'm relatively new to ALIF so I don't have the 3-year history in mind...
S.
Unfortunately, other P2O sites are live and not being shutdown by the EPA (Envion comes to mind, and there's one in Oregon I believe).
In Europe, some cities incinerate non-recyclable plastics because it produces a lot of energy (well actually only ~40% of the calorific value), which makes me sick. But they figure it's better than burying it, and they need the energy! P2O from JBI can get over 80% of the energy out of plastics without plastic combustion (which, by the way, produces N20 that is 300x more greenhouse-effect-ish than CO2, in addition to releasing carcinogenic dioxins).
So, sadly, this does still go on today.
JBI's P2O changes the game -- giving cities their energy, and saving on GHG emissions and dioxins!
S.
Indeed the overall process is not new -- been around 30 years or so. But I think the design changes made by JB are likely significant, though I don't know the exact nature of them. Recall what he did with the tape-readers .. he didn't use any off-the-shelf components!
Envion's plant is 4x the size for the same capacity. Blest (Japan) has table-top versions that cost $130k and can only do 5kg/hr. These, no doubt, also use the same "process".
The catalyst may be key, but the efficient design and automation (e.g. contiunous-feed, self-powered, condensers, etc.) as well as dramatically lower cost-to-build will certainly help!
S.
Love the photo... we're movin' on up 'ouisy (pronounced weeeeeeeeeezy, ironically
S.
Heck, I feel morally indefensible simply putting another JBII buy order in under $7.
I had the same impression .. that the "50 in 5" was already in place with the pre-existing Pak-It mgmt team. Not sure why I interpreted it like that.
But I suppose you could be right.. it might be a JBI-revised plan... and then if so, did it already include expansion beyond the USA?
S.
If we assume the "50 in 5" plan (pre JBI) was feasible, and you take into consideration Canada and UK markets and consumer push, I'd say you could double that at best (i.e. 100m in 5 years). Keep in mind that Canada + UK is still ~ 30% of the USA in terms of population.
But PakIt has "excellent margins" and no doubt JB is fine-tuning operations and making the overall business more efficient (including shared resources), so I'd imagine they can squeeze more profit out of the revenue than was done before. It makes investing in JBII a no-brainer as Pak-It alone could soon justify the current mkt cap valuation and share price!
Looking forward to a break-down of revenue per biz unit (Javaco, JB Inc, Pak-It, P2O).. maybe we'll have one for FY2009?
Also, we might see an unaudited Q4 2009 financial report in the coming days... in October this came out only a few days after the closing of the quarter.
S.
Yeah, it would seem most people prefer cleaner socks than less pollution in our rivers and lakes. Society has to change! Until then, Pak-It's bio-degradable, phosphate-free detergent seems like the perfect solution!
Here in Switzerland we have a website called blacksocks.com -- where you can subscribe to a monthly delivery of ... wait for it.. yes...black socks! (the idea being that no man wants to shop for them, but we all need 'em).
Same goes for cleaning products .. I have to shop for them but I couldn't care less about doing it. Would be cool to have an automatic subscription based on my # sq-ft and/or # kids, etc where I just receive my Pak-Its in the mail on a regular basis.
Stu
P.S. GW, iHub says you've blocked me (I didn't block you).. ?
Yes, he did, and IMO that's huge news. But I can no longer find this info.
We should start a wiki to pull together JBI factoids.. any volunteers? I'll commit some time...
S.
Yes, JB reportedly said this in an e-mail reply to somebody, a copy of which was posted here a few days ago -- that at the first AGM (Annual General Meeting) you would be able to see the P2O processor running "in continuous mode" (notably better than a batch-system I might add).
I know I'll sure be there!
S.
It also seemed to imply that their $10/barrel costs are rather conservative.
Funny how that happens, despite the fact that we all knew this was coming. It's like a Jack-in-a-Box... you know the damn thing will shoot up sometime, but you just don't know when... so it's purely the element of surprise that's left to enjoy.
This is a Jack-in-a-Box with one heck of a long neck though.
S.
Crowdsourcing for a board of directors and strategic collective thinking -- now there's a CEO for the 21st century.
There is wisdom in crowds.
S.
Exactly. Note the part about a board having authority to hire/fire executives. This is how Steve Jobs was kicked out of Apple.
John is taking a big risk by not padding the board, and clearly would have to earn the respect of BOD members. Something he's doing very well with shareholders (and I imagine employees) thus far.
It takes some courage to do this, and I'm sure he's got more than sufficient and varied experience among the thousands of shareholders out there.
S.
So long as he selects competent individuals with relevant backgrounds and experience, I don't see the issue with this idea. It's actually an extremely bold move, as the board has quite some power and if they're not all aligned with JB's ideas, then his leadership could be at risk.
He's clearly not looking to pad his board with allies who are true to him, but shareholders who, at arm's length, have bought into the story thus far and have some real skin in the game (and thus a vested interest to keep shareholder-value at the top of the agenda).
This is, in my opinion, a very compelling and convincing argument that we have an honest and trustworthy CEO.
Stu
Yes, he apparently meant that they're no longer considering new JVs in Florida, since prior to that post they'd asked people to come forward if they were interested in establishing P2O JV's in several states including Florida. Then this comment came out, apparently implying that FL was "saturated".. i.e. they already had the entire state locked-up with JVs. .. or as it turns out.. one big JV with the ADA.
There are advantages and disadvantages of having an entire state run by one JV, but the most impressive thing was the speed at which such a huge state was "locked-up", and that this state alone doubled the number of "initial" P2O sites (25) they said they were going to setup with the help of the PIPE money.
It is pretty much a given that the number will at least double again before the end of Q1 (NY state??). Now we just have to wait for some official word on the expected launch date of these P2O sites, and the preceding third-party validation that will grease the wheels.
S.
I fully agree with tib's line of questioning here. I was actually surprised to hear JBI's number on the amount of plastic waste that goes into landfill in the US.
It is dramatically less in Europe, and in Switzerland up to 90% of consumer plastics are captured in recycling programs. That means there IS clearly value to waste plastic -- the question is will P2O make it MORE valuable? Yes, it will -- but it doesn't mean P2O could capture the European market hands-down, as you cannot simply displace an entire supply-chain.
So far, JBI has only discussed P2O sites (immobile ones) in the US, and the 2500 number seemed to imply within the USA, though I suppose it will include Latin America too (Javaco sites, for e.g.). And with the P2O ships, they can go to countries where there's no value for plastic at all -- this is a great way to ensure that for the next several years at least, the market for waste plastic will not change much.
And then JB stated on Facebook that he would consider selling the P2O business, ideally when it "peaks" .. which implies he's well aware that this is not a long-term growth model (but a massive short-term one).
Now that I am a shareholder and have "bought in" to JBI's business model, I'm faced with the question of "what could happen that screws it all up?". Next to P2O simply not working or not being permitted to run in some states (not very likely), plastic supply is clearly the biggest threat to P2O. That, and oil prices dropping. So asking the question about what other markets for waste plastic are there, is a very sound one, asked by a very diligent shareholder.
I look forward to the US-centric answers.
Stu
"If he doesn't prove this P2O machine works..."
Well it would appear JB has gambled everything on it working, and he has more to lose than anyone else. So far he's not profited from the 4x rise in share-price like open-market shareholders who can cash-out. I'd say that is a fairly strong indicator of P2O working just as he's described.
And if it does work, nobody who bought at 0.80 will want out after 6 months. This stock could be worth well over $100 by the end of the year based on only a few hundred P2O sites.
S.
JBII is ISIN code US46611B1098
I can't help myself. In honor of Zardiw and all the other "weee'ers" out there..
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
S.
Pork bellies!
Merry Christmas fellow JBII longs!!
Stu
Indeed, the Fool.com crowd is more used to rating large cap stocks, and anyone supporting an OTC stock smacks of paid promotion to them. I'd hoped for a more level-headed analysis, but most just see OTC and reverse-merger and down-thumb it.
They will be proven wrong.
S.
Indeed thanks. There was a slide that had the logos displayed -- I just reviewed the video.
For the record, they are:
Retailers: Home Depot, Office Depot, Regis Salons, Michaels
BSCs: Kimco, Prestige Maintenance, Diversified Maintenance, Horizon
Thanks!
Stu
Anyone remember the list of retail outlets already using PakIt for their own cleaning? JB listed a bunch of them somewhere once, and I cannot find it. Home Depot, Target, ???
Thanks in advance,
Stu
At 2pm European time, it's trading up 5% on yesterday's close, at about EUR 0.089. Normally it reacts after US markets open and follows the US lead though.
S.
If you flip through old posts, you'll see that the increase in "authorized" shares is to have some legroom for future acquisitions. The CEO has stated that he will not issue shares to dilute shareholders -- that all use of shares issuance will be accretive only. So nothing to worry about IMO.
Also, CEO is expected to _return_ more common shares back to the company, which will raise the EPS.
S.
I agree... great story. We're all connected... one big JBI family here. To be in on the ground floor of such a company is truly exciting even only as shareholders. Employees and the management must be feeling ... well.. like EP after the shooting star!
S.
Does anybody know the number of preferred and commons shares that are outstanding?
Thanks.
S.
P.S. Good start to the day on European markets! WAMUQ up 18% so far.
I agree with you GW. Based on the first 25 P2O sites alone... the ones for which they have plastic supply locked-up and oil purchase agreements at WTI prices... and these P2O sites are self-funded (i.e not only 65% of net revenue), if you consider a P/E of 50, we're looking at a PPS of $22.
That doesn't count Pak-It, or future P2O revenue.
2010 on the AMEX is going to be huge. I don't have the stomach to sell any JBI in the hopes that the price drops and I can play the swings... because when it starts to climb next year it's going to be a dizzying, relentless ascent.
The current P/E may be 1000, but the forward P/E is below 1. Good luck to those out there who wish to play the chart-game. Chart reading is not for investors, it's for players.
I'm an investor in JBI. Long term.
S.
Yeah right! The current share price is justified with a mere 3-4 P2O sites in production. They're working on 25 of them "initially".
My buy this morning at 3.27 suits me just fine. I won't break a sweat if it drops back to $2 either since I'm loooooong on this superb company.
If oil drops to $15 a barrel, I'll get nervous, but that's about all that could shake me.
Go JBI!
S.
I got lucky .. it cleared at 3.27. Sorry, was will to sacrifice 4c for the team!
S.
I predict an open at $3.31 (2800 shares or so... just a wild guess)
S.
I diversified plenty. I bought JBII at 80c, at a buck, at 1.65, etc...
he he
Indeed! And while Switzerland (where I live) is a land-locked country, I'm already looking into feedstock availability over here where 90% of PET bottles are recycled (not land-filled).
Still, with transportation, retail, agriculture, and consumers, there is much plastic to be had!
Eastern-Europe is a gold mine for old tires too.
It's going to be a great 2010!
S.
OK, agreed.. won't get ahead of ourselves here. Its just that this statement finally shed some light on the oil tanker plans, a topic about which John had been mute thus far.
I would imagine that other countries have an enormous need for JBI's P2O to help clear their waste, especially if you think about tires (which are normally separate from landfills, number in the millions, pose a health threat to poor countries (malaria, ground-water pollution, fires, etc.)).
http://www.globaltirenews.com/headlines2.html?id=1176752833
A mobile P2O tanker is brilliant, not simply for JBI revenue, but as a means to help clean-up our planet.
I, for one, am incredibly eager to learn of the progress being made in this area.
S.
Oil tanker in Korea... visiting China soon? 3000-ton and 9000-ton batches for a 15-day put-in at port?
Did anyone run the math on that? Sounds like $1.3m / $2.6m of oil for a fortnight port-call.
I won't punch K in the face when JBII hits $10 ... but I will buy him a beer to cry in.
S.