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Thanks for the update man!
Will you take a peek at JBII? I'm in for the fundamentals, but would love a look at the longer term technical.
Is it even possible to "pick one"?
My fault for not reading through the thread.
Capital preservation is also about trading with a business plan, having set goals, with gain & exceptable loss targets less then gain and position sizing.
TOTALLY AGREE
Look for a bottom at .23, if not, ignore the play.
Low, capital preservation is all about tight stops and always obeying your stops. Taking (or even riding) a 50% loss is just dumb IMO.
He had a mistype, meant plastic to oil.
I am right. Follow this post:
First, click this link.
http://www.finra.org/Industry/Compliance/MarketTransparency/ADF/RegulationSHO/
You will read this line:
"The Daily Short Sale Volume Files provide aggregated volume by security on all short sale trades executed and reported to a FINRA reporting facility during normal market hours."
Now, click Daily Short Sale Volume Files, it's a highlighted link.
It will take you to this page:
http://regsho.finra.org/regsho-Index.html
On that page, under the title ORF, click for Wednesday (today).
That will take you to this page: http://regsho.finra.org/FORFshvol20100303.txt
Scroll down to JBII, or refer to the following:
Date|Symbol|ShortVolume|TotalVolume|Market
20100303|JBII|8523|24723|O
Thus, 8523 shares were shorted today (those that were reported).
Can't deny the truth!
I am always willing to learn new things, but I went back and looked at the website again and found this:
Date|Symbol|ShortVolume|TotalVolume|Market
I would think ShortVolume is the volume that was shorted.
LOL 8,523 shares shorted today.
That's really smart, shorting at support level LOL
From:
http://regsho.finra.org/FORFshvol20100303.txt
20100303|JBII|8523|24723|O
Wow! Those are some big names! Hallmark, AAA, Thrifty
JBII is in some good company :)
Independent Lab Tests confirm Plastic2Oil output is in the Gasoline Range:
NIAGARA FALLS, Ontario, Oct. 2, 2009 (GLOBE NEWSWIRE) -- JBI Inc. (the "Company") (OTCBB:TRTN - News) is pleased to announce that it has received confirmation from independent lab tests that its Plastic2Oil fuel has passed ASTM testing.
Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
Refineries management expressed concerns about sulphur content, which must test under 0.05% for approval. The Company's fuel tested at only 8.4 parts per million, which is far below accepted fuel.
ASTM standard tests are used by refineries and diesel/gas distribution to determine the quality and acceptability of crude/diesel/and gasoline. They are also used to test large batches of fuel before acceptance into refineries. See http://www.astm.org
The Company has already contacted refineries where its initial Plastic2Oil joint-venture sites will be established and the Company is shipping 1 gallon samples to ready local refineries for its fuel.
To facilitate global growth of its process, the large international lab is now doing a complete analysis of the liquor to establish where the fuel can be blended. Upon completion of these tests they will recommend refineries that would be willing to purchase the feedstock.
John Bordynuik, JBI Inc. CEO and President, related, "We are very excited and pleased with these results. This confirmation is another important milestone in our growth model as it provides credible evidence that the Company's Plastic2Oil technology is viable and has potential for commercial success. All types of different plastics produced nearly the same fuel, management believes, due to our catalyst. Due to the extensive tests that we have done, the independent testing and verification of the fuel, the wide variety of feedstock that has been tested, and the results we achieved from our catalyst, I have focused resources to finish the large processor as soon as possible. With the Pak-It acquisition complete, we are exploring options for an interactive conference call. Upon the selection of a vendor, I will announce a conference call date through a Press Release in the near future."
Investor Relations
Happy to take any questions!
Director, Investor Relations:
James Parker
E-mail: jparker@jbiglobal.com
Phone: 916-990-3667
Regarding Media Credits
It was a great deal. Credits are from some pretty reputable outlets.... NewsUSA.com is one I believe:
http://about.newsusa.com/corporate/clients.asp
http://about.newsusa.com/article-pub.asp?MemberId=&ArticleID=7059
P20 LICENSES
Contract for 45 sites in Florida:
http://finance.yahoo.com/news/JBI-Inc-Executes-Area-pz-2488167028.html?x=0&.v=1
Plastic to Oil reservation deposit for Tampa, Florida:
http://finance.yahoo.com/news/AS-PTO-LLC-Accepts-pz-1206567454.html?x=0&.v=1
Plastic to Oil reservation deposit for Clearwater, Florida:
http://finance.yahoo.com/news/AS-PTO-LLC-Enters-Into-pz-1883257357.html?x=0&.v=1
Plastic to Oil reservation deposit for Cleveland, Ohio ara:
http://finance.yahoo.com/news/Ohio-P2O-LLC-Submits-a-pz-2239196307.html?x=0&.v=1
Nine Other States being evaluated in addition to Florida plus taking applications for more:
"JBI is also evaluating candidates for areas of Virginia, Washington, DC, Ohio, California, Arizona, Oregon, Georgia and Wisconsin"
http://finance.yahoo.com/news/JBI-Inc-Begins-Taking-pz-4196081035.html?x=0&.v=1
New Board of Directors
From the recent PRs
John M. Wesson
http://finance.yahoo.com/news/JBI-Inc-Appoints-John-M-pz-3527337080.html?x=0&.v=1
Amy Bradshaw
http://finance.yahoo.com/news/JBI-Inc-Appoints-Amy-Bradshaw-pz-190242946.html?x=0&.v=1
Theodore J. Henry
http://finance.yahoo.com/news/JBI-Inc-Appoints-Theodore-J-pz-3461545571.html?x=0&.v=1
Dr. Jacob Smith
http://finance.yahoo.com/news/JBI-Inc-Appoints-Chief-pz-1058916790.html?x=0&.v=1
CEO regarding Javaco acquisition:
John Bordynuik, President and CEO, stated, "We are extremely positive about the Javaco acquisition since it not only adds to our growing revenue base, but it also gives us a foothold and ability for a more rapid expansion of our Plastic to Oil processors into Mexico, as well as Central and South America. Furthermore, we will use Javaco's existing people and business offices to setup and configure our communications infrastructure for our Plastic to Oil processors."
Why acquire PakIt?
JBII needed a secure source of the catalyst for Plastic to Oil. It was cheaper to acquire the underperforming PAKIT then to build a chemical company from scratch. The PakIt acquisition consisted of 2 parts. DCL Solutions chemical company, and PakIt manufacturing. The fact that PAKIT is profitable with potential for substantially more growth is just a bonus.
Why JBII is sole-sourced with NASA zero competition:
From the CEO John Bordynuik:
I have a few comments that might help explain the technology for
reading tapes.
There aren't any other companies doing it with any success, and this is why:
Other "tape transcribing and recovery" companies are using original equipment and this does a very poor
job. Original equipment is incapable of guaranteeing the data and in many
cases is unable to read the tapes. NASA and MIT have both been through this
so there is a solid reason why we are "sole sourced" as there is no other
source available. They did offer this to other data recovery companies but
none of them were able to produce. It is worth reporting that I was contacted
by other data recovery companies, using original equipment, asking to
license or purchase my drives. I passed their emails to NASA (which further
validated us) and refuse to license our technology out to the small recovery
shops.
Original 7-track drives were developed in the 1960s. They use
discrete components and lack modern amplifiers, head technology, and bit
detection technology. They are incapable of dealing with skew problems
(other than the skew settings set in the drive). The heads are old induction
heads. We designed new head assemblies based on modern MR-heads (found in
new hard disks). The signal amplitude in the old drives is dependent on
speed (hence induction head problems). Old tapes can't be streamed at 120
IPS. As well, old drives were often out of alignment. In addition, old
technology cannot deal with weak bits, bit dropout, and bit crowding.
The old drives are incapable of validating each flux transition to
ensure proper recovery. The analog waveforms were rectified through a full
wave bridge (hence no N->S and S->N validation) and then use a comparator to
clip the analog waveform at some set level. This technology is useless on
magnetic media today and was abandoned years ago.
Old tapes are brittle, the oxide is loosely bound to the tape, and
the binding material is often breaking down. The old "original" drives were
mostly vacuum column which is very harsh on the old tapes and destroys them
quickly.
There have been no replacement heads for the 7-track drives for the
past 25 years and the old induction heads do wear out. No one makes them and
old worn out heads are useless. Again, the old head technology is not
useable.
If someone over at IBM Research believes original equipment is
capable of reading the old tapes, I would love to discuss this further with
them. I know engineers over at the IBM Almaden Research Center and I know
those who are a part of the Computer History Museum and DEVELOPED the
original technology do agree that original equipment should not be used.
I do have plenty of examples. NASA tried to have 7-track tapes
migrated to 9-track tapes back in the early seventies. The result was a
disaster. The MRIR tapes are full of errors and problems not identified by
original equipment. Fortunately, I recovered their attempts to see how bad
it was. The images are available on JohnBordynuik.com which proves
how inaccurate and incapable original equipment is.
I hope this answers questions from those who believe you can
resurrect an old tape drive from 1970 and hook it up to an old mainframe and
attempt to read tapes -- it does not work and the World's largest technology
centers have certainly tried and agree with me.
We spent over $2 million developing this technology and a new bit
detection algorithm that is really successful. I am looking forward to many
large data migration projects.
I suggest visiting links to our presentations on our main web site
(www.johnbordynuik.com). They describe our technology in detail and why
original equipment can't read the data well and why ours does.
Regards,
John Bordynuik
CEO
JBII: Due Diligence:
For those interested, we have deeper DD here:
Executive Summary and Hot Posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45861284
Company: http://JBIGlobal.com
1. Sole Sourced by NASA http://www.johnbordynuik.com/case-studies/nasa
2. Impeccable reputation of John Bordynuik, CEO. http://www.johnbordynuik.com/about/team
3. Has been invited by a managing director of NASDAQ (Jordan Saxe) to uplist to the NASDAQ Exchange.
4. Has filed applications with both NASDAQ and AMEX, and wired the application fees. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46020473
5. Company is fully reporting with SEC Filings. http://knobias.10kwizard.com/files.php?sym=JBII
6. Company is Debt Free. http://www.globenewswire.com/news.html?d=180607
7. OS recently reduced by 20% to 46M. http://www.jbiglobal.com/news/2009-press-releases/20091208-jbi-ceo-reduces-outstanding-shares-by-12-million.aspx
8. CEO has returned 75% (30M) of his private shares to the company treasury.
9. Company just launched professional new website ( http://JBIGlobal.com )
10. Company's subsidiaries are structured to support each other.
11. Management highly qualified and diversified as to their talents. http://www.jbiglobal.com/our-company.aspx
12. Company products and services are Ecologically Green.
13. Company makes every effort to keep shareholders informed
14. CEO informs shareholders on FaceBook on non material developments.
15. 100% Follow through on statements made by the company.
16. Owns largest Engineering Knowledge archive in the world.
17. Has been issued patents on Pak-It concept, and a Dirty bomb detector. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41349399&txt2find=patent
18. Company owns roughly $10M worth of media credits
19. Authorized shares increased to 150M (Pro/Con, since these are needed for future acquisitions). http://www.pinksheets.com/pink/quote/quote.jsp?symbol=jbii#getQuote
20. Company is under total control by CEO. (Not sure if that is a pro or con, so I put it on both sides).
21. Transfer Agent is UnGagged. info@pacificstocktransfer.com
22. Uses Value Based Management business model.
23. Board of Directors appointed. BOD consists mainly of very qualified shareholders.
24. Acquired Fuel Blending and Distribution site that previously had $230,000,000 annual revenues: http://finance.yahoo.com/news/JBI-Inc-Acquires-Large-pz-416916477.html?x=0&.v=1
25. Michael Kaplanis hired as Vice-President, Mergers & Acquisitions and Strategy: http://finance.yahoo.com/news/UPDATING-and-REPLACING-JBI-pz-3685863318.html?x=0&.v=1
CEO:
JB1. Has spent his life working with electronics, robotics, artificial intelligence, computer hardware and software. http://www.johnbordynuik.com/BusinessNiagaraMagazine.pdf
JB2. Nicknamed 'Honest John' by various media.
JB3. Took courses at Harvard in business management/running public company.
JB4. Worked at the Ontario Legislature for 10 years.
JB5. Issued a patent for a dirty bomb detector that fits in a key fob.
JB6. Salary = $1/year
JB7. Nothing derogatory has been found in DD'ing the CEO.
JB8 Provided unique services to Paul Allen of Microsoft.
JB9. Has an IQ of 170.
JB10. Built specialized tape drives, and developed software to read legacy computer tapes.
JB11. To be guest speaker at African Petroleum Producers Association, (Represents over 100 Billion barrels of oil): http://finance.yahoo.com/news/JBI-Inc-CEO-Will-be-a-Guest-pz-3294028247.html?x=0&.v=1
Plastic to Oil: http://Plastic2Oil.com
P2O0. If only 20% of all the waste plastic dumped into landfills in the US were converted to fuel and sold it would result in revenues of $4.2B/year.
P2O1. Plastic to Oil concept has been proven by other companies to work on a large scale.
P2O2. Plastic to Oil Catalyst is proprietary intellectual property of the company. (Patent Pending).
P2O3. Prototype testing shows that with the proprietary catalyst, production is increased by a factor of 16.
P2O4. IsleChem (State Certified Lab) revealed to be independent validation company and contributor to company Plastic to Oil Technology: http://finance.yahoo.com/news/JBI-Inc-IsleChem-pz-1168652688.html?x=0&.v=1
P2O5. Area Development Agreement for 45 Plastic to Oil sites in Florida consummated.
P2O6. First P20 franchisee is an ex VP of a multi-billion dollar NYSE company that got bought out.
P2O7. Implementation cost of Plastic to Oil much lower than competition.
P2O8. P2O Marine Inc. subsidiary founded, and contract with Heddle Marine signed: http://finance.yahoo.com/news/JBI-Incs-P20-Marine-Inc-Rick-pz-1364554894.html?x=0
P2O9. No competition in the ocean going Plastic to Oil tanker arena.
P2O10. 45 JV Site Company in Florida expands into Clearwater, and Tampa.
P2O11. Plastic to Oil Expands into Cleveland/Columbus, Ohio region: http://finance.yahoo.com/news/Ohio-P2O-LLC-Submits-a-pz-2239196307.html?x=0&.v=1
P2O12. Seasoned Sea Captain hired for Plastic to Oil ship expansion: http://finance.yahoo.com/news/JBI-Inc-Hires-Experienced-pz-3900158860.html?x=0&.v=1
P2O13. Processing facility for Plastic to Oil, located in New York purchased: http://finance.yahoo.com/news/JBI-Inc-Acquires-New-York-pz-2604180689.html?x=0&.v=1
Pak-It: http://PakIt.com/
PI1. Pak-It products used inhouse in all Home Depot, Sears, Staples, Regis Salons, and Michaels stores
PI2: Products: Pak-It - Fully validated by Home Depot, Staples, etc as to high quality.
PI3. Pak-It products have been tested by IHub shareholders and found to be exceptional.
PI4. Retail marketing plan in place for Pak-It rollout via Western Creative. http://www.jbiglobal.com/news/2010-press-releases/20100112-jbi-selects-western-creative.aspx
PI5. Expansion into Canada is underway.
PI6. Production automation is underway.
PI7. New production facility planned. To be built in New Jersey.
PI8. 4 Seasoned sales reps hired for Pak-It Canada launch: http://finance.yahoo.com/news/JBI-Inc-Hires-Four-Seasoned-pz-4011247930.html?x=0&.v=1
Legacy Tape Reading: http://www.johnbordynuik.com
L1. Company is currently reading thousands of tapes for NASA using specialized tape drives and software.
L2. Products: Tape reading - Fully validated by NASA.
L3. Company can read legacy tapes at 100% accuracy
L4. Company has no credible competition in legacy tape reading.
L5. Huge market exists in reading Seismic Tapes for major oil companies.
Javaco: http://www.JavaCoInc.com
J1.. Javaco is a company built from the ground up by a CEO (Judy Vasquez) who has extensive connections in Mexico and South America.
J2. Javaco listed #3,697 in top 5,000 fastest growing companies of 2007: http://www.inc.com/inc5000/2007/company-profile.html?id=200736970
J3. Javaco, Inc. 2007 revenues were $5.996 Million with net income of $229,000, which was a 33.95% increase in revenue and 207% increase in net income from 2006, when revenues were $4.476 Million with net income of $74,500.
J4. Javaco debt: the Company also paid off the debt and founder loans of its subsidiary Javaco, Inc., in an amount totaling $397,644.44 from the proceeds of the Private Offering.
J5. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products.
Javaco will assist in establishing plastic to oil sites in Mexico and Latin America using its established business connections and knowledge in those areas. Javaco has access to high quality plastics generally discarded by cable television and telephone companies.
Earnings/Price Matrix:
Excel Spreadsheets:
http://lighthousenova.com/0JBIIPriceMatrix.xls
http://lighthousenova.com/0JBIIPriceMatrix2.xls
John Bordynuik weighs in on the O/S and A/S
Awesome news today on all fronts. My certs to return to the treasury FINALLY arrived. Cert #2584 12M shares & 1285 9M shares will both be returned to the treasury tomorrow to complete the return of 21M shares as of Dec 9 and 12M (for PIPE). I will post as soon as the TA has verified for me they have updated the Issued and Outstanding count.
John wants P2O in South America:
"We are extremely positive about the Javaco acquisition since it not only adds to our growing revenue base, but it also gives us a foothold and ability for a more rapid expansion of our Plastic to Oil processors into Mexico, as well as Central and South America. Furthermore, we will use Javaco's existing people and business offices to setup and configure our communications infrastructure for our Plastic to Oil processors."
"nothing like posting CURRENT AND ACCURATE DATA!!"
Totally agree! It's great when a company is transparent and JBII sure fits the bill!
Nice find Scion! Maybe email or call John about your findings?
"net about $22 per tape with a cost factor of approximately $1.50 for each one."
Wow! That's some serious profit margin.
I strongly suggest all check out the EXECUTIVE SUMMARY AND HOT POSTS link under the JBII: Check out this DD! post!
I totally agree! I'm excited about the prospects of doing the P2O off the coast of China, I would bet China has a few piles of plastic laying around somewhere :)
JBII: Check out this DD!
For those interested, we have deeper DD here:
Executive Summary and Hot Posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45861284
Company: http://JBIGlobal.com
1. Sole Sourced by NASA http://www.johnbordynuik.com/case-studies/nasa
2. Impeccable reputation of John Bordynuik, CEO. http://www.johnbordynuik.com/about/team
3. Has been invited by a managing director of NASDAQ (Jordan Saxe) to uplist to the NASDAQ Exchange.
4. Has filed applications with both NASDAQ and AMEX, and wired the application fees. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46020473
5. Company is fully reporting with SEC Filings. http://knobias.10kwizard.com/files.php?sym=JBII
6. Company is Debt Free. http://www.globenewswire.com/news.html?d=180607
7. OS recently reduced by 20% to 46M. http://www.jbiglobal.com/news/2009-press-releases/20091208-jbi-ceo-reduces-outstanding-shares-by-12-million.aspx
8. CEO has returned 75% (30M) of his private shares to the company treasury.
9. Company just launched professional new website ( http://JBIGlobal.com )
10. Company's subsidiaries are structured to support each other.
11. Management highly qualified and diversified as to their talents. http://www.jbiglobal.com/our-company.aspx
12. Company products and services are Ecologically Green.
13. Company makes every effort to keep shareholders informed
14. CEO informs shareholders on FaceBook on non material developments.
15. 100% Follow through on statements made by the company.
16. Owns largest Engineering Knowledge archive in the world.
17. Has been issued patents on Pak-It concept, and a Dirty bomb detector. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41349399&txt2find=patent
18. Company owns roughly $10M worth of media credits
19. Authorized shares increased to 150M (Pro/Con, since these are needed for future acquisitions). http://www.pinksheets.com/pink/quote/quote.jsp?symbol=jbii#getQuote
20. Company is under total control by CEO. (Not sure if that is a pro or con, so I put it on both sides).
21. Transfer Agent is UnGagged. info@pacificstocktransfer.com
22. Uses Value Based Management business model.
23. Board of Directors appointed. BOD consists mainly of very qualified shareholders.
24. Acquired Fuel Blending and Distribution site that previously had $230,000,000 annual revenues: http://finance.yahoo.com/news/JBI-Inc-Acquires-Large-pz-416916477.html?x=0&.v=1
25. Michael Kaplanis hired as Vice-President, Mergers & Acquisitions and Strategy: http://finance.yahoo.com/news/UPDATING-and-REPLACING-JBI-pz-3685863318.html?x=0&.v=1
CEO:
JB1. Has spent his life working with electronics, robotics, artificial intelligence, computer hardware and software. http://www.johnbordynuik.com/BusinessNiagaraMagazine.pdf
JB2. Nicknamed 'Honest John' by various media.
JB3. Took courses at Harvard in business management/running public company.
JB4. Worked at the Ontario Legislature for 10 years.
JB5. Issued a patent for a dirty bomb detector that fits in a key fob.
JB6. Salary = $1/year
JB7. Nothing derogatory has been found in DD'ing the CEO.
JB8 Provided unique services to Paul Allen of Microsoft.
JB9. Has an IQ of 170.
JB10. Built specialized tape drives, and developed software to read legacy computer tapes.
JB11. To be guest speaker at African Petroleum Producers Association, (Represents over 100 Billion barrels of oil): http://finance.yahoo.com/news/JBI-Inc-CEO-Will-be-a-Guest-pz-3294028247.html?x=0&.v=1
Plastic to Oil: http://Plastic2Oil.com
P2O0. If only 20% of all the waste plastic dumped into landfills in the US were converted to fuel and sold it would result in revenues of $4.2B/year.
P2O1. Plastic to Oil concept has been proven by other companies to work on a large scale.
P2O2. Plastic to Oil Catalyst is proprietary intellectual property of the company. (Patent Pending).
P2O3. Prototype testing shows that with the proprietary catalyst, production is increased by a factor of 16.
P2O4. IsleChem (State Certified Lab) revealed to be independent validation company and contributor to company Plastic to Oil Technology: http://finance.yahoo.com/news/JBI-Inc-IsleChem-pz-1168652688.html?x=0&.v=1
P2O5. Area Development Agreement for 45 Plastic to Oil sites in Florida consummated.
P2O6. First P20 franchisee is an ex VP of a multi-billion dollar NYSE company that got bought out.
P2O7. Implementation cost of Plastic to Oil much lower than competition.
P2O8. P2O Marine Inc. subsidiary founded, and contract with Heddle Marine signed: http://finance.yahoo.com/news/JBI-Incs-P20-Marine-Inc-Rick-pz-1364554894.html?x=0
P2O9. No competition in the ocean going Plastic to Oil tanker arena.
P2O10. 45 JV Site Company in Florida expands into Clearwater, and Tampa.
P2O11. Plastic to Oil Expands into Cleveland/Columbus, Ohio region: http://finance.yahoo.com/news/Ohio-P2O-LLC-Submits-a-pz-2239196307.html?x=0&.v=1
P2O12. Seasoned Sea Captain hired for Plastic to Oil ship expansion: http://finance.yahoo.com/news/JBI-Inc-Hires-Experienced-pz-3900158860.html?x=0&.v=1
P2O13. Processing facility for Plastic to Oil, located in New York purchased: http://finance.yahoo.com/news/JBI-Inc-Acquires-New-York-pz-2604180689.html?x=0&.v=1
Pak-It: http://PakIt.com/
PI1. Pak-It products used inhouse in all Home Depot, Sears, Staples, Regis Salons, and Michaels stores
PI2: Products: Pak-It - Fully validated by Home Depot, Staples, etc as to high quality.
PI3. Pak-It products have been tested by IHub shareholders and found to be exceptional.
PI4. Retail marketing plan in place for Pak-It rollout via Western Creative. http://www.jbiglobal.com/news/2010-press-releases/20100112-jbi-selects-western-creative.aspx
PI5. Expansion into Canada is underway.
PI6. Production automation is underway.
PI7. New production facility planned. To be built in New Jersey.
PI8. 4 Seasoned sales reps hired for Pak-It Canada launch: http://finance.yahoo.com/news/JBI-Inc-Hires-Four-Seasoned-pz-4011247930.html?x=0&.v=1
Legacy Tape Reading: http://www.johnbordynuik.com
L1. Company is currently reading thousands of tapes for NASA using specialized tape drives and software.
L2. Products: Tape reading - Fully validated by NASA.
L3. Company can read legacy tapes at 100% accuracy
L4. Company has no credible competition in legacy tape reading.
L5. Huge market exists in reading Seismic Tapes for major oil companies.
Javaco: http://www.JavaCoInc.com
J1.. Javaco is a company built from the ground up by a CEO (Judy Vasquez) who has extensive connections in Mexico and South America.
J2. Javaco listed #3,697 in top 5,000 fastest growing companies of 2007: http://www.inc.com/inc5000/2007/company-profile.html?id=200736970
J3. Javaco, Inc. 2007 revenues were $5.996 Million with net income of $229,000, which was a 33.95% increase in revenue and 207% increase in net income from 2006, when revenues were $4.476 Million with net income of $74,500.
J4. Javaco debt: the Company also paid off the debt and founder loans of its subsidiary Javaco, Inc., in an amount totaling $397,644.44 from the proceeds of the Private Offering.
J5. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Early in 2002, JAVACO, Inc. expanded its US business when it hired Tina Tomblin, with over 20 years in the cable television industry in both operations and sales, to manage sales in the United States. Javaco will assist in establishing plastic to oil sites in Mexico and Latin America using its established business connections and knowledge in those areas. Javaco has access to high quality plastics generally discarded by cable television and telephone companies.
Earnings/Price Matrix:
Excel Spreadsheets:
http://lighthousenova.com/0JBIIPriceMatrix.xls
http://lighthousenova.com/0JBIIPriceMatrix2.xls
Ad for Plastic 2 Oil Tanker/Ship:
We require a 1000MT to 2, or even 3000MT cargo or tanker ship. Double hull preferred. It must be pilotable and have a flag and able to sail. We would like a ship closest to China. We would like to close a deal quickly.
Status: Available
Contact: John Bordynuik [Send Enquiry]
Telephone: 289-668-7222
Location: Ontario Canada
http://commercial.apolloduck.com/listings.phtml?cid=21
ONCE AGAIN and FOR THE FINAL TIME:
John Bordynuik Awesome news today on all fronts. My certs to return to the treasury FINALLY arrived. Cert #2584 12M shares & 1285 9M shares will both be returned to the treasury tomorrow to complete the return of 21M shares as of Dec 9 and 12M (for PIPE). I will post as soon as the TA has verified for me they have updated the Issued and Outstanding count.
John Bordynuik Awesome news today on all fronts. My certs to return to the treasury FINALLY arrived. Cert #2584 12M shares & 1285 9M shares will both be returned to the treasury tomorrow to complete the return of 21M shares as of Dec 9 and 12M (for PIPE). I will post as soon as the TA has verified for me they have updated the Issued and Outstanding count.
Thoughts?
P2O produces oil at less than $10 per barrel. In the United States, refineries have indicated that they will pick up the fuel at the price of WTI (West Texas Intermediate) price less $3, currently around $70 per barrel.
From a recent press release.
Just whip out a calculator and run some numbers....
This is why JBII is an amazing investment.
Independent Lab Tests confirm Plastic2Oil output is in the Gasoline Range:
NIAGARA FALLS, Ontario, Oct. 2, 2009 (GLOBE NEWSWIRE) -- JBI Inc. (the "Company") (OTCBB:TRTN - News) is pleased to announce that it has received confirmation from independent lab tests that its Plastic2Oil fuel has passed ASTM testing.
Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
Refineries management expressed concerns about sulphur content, which must test under 0.05% for approval. The Company's fuel tested at only 8.4 parts per million, which is far below accepted fuel.
ASTM standard tests are used by refineries and diesel/gas distribution to determine the quality and acceptability of crude/diesel/and gasoline. They are also used to test large batches of fuel before acceptance into refineries. See http://www.astm.org
The Company has already contacted refineries where its initial Plastic2Oil joint-venture sites will be established and the Company is shipping 1 gallon samples to ready local refineries for its fuel.
To facilitate global growth of its process, the large international lab is now doing a complete analysis of the liquor to establish where the fuel can be blended. Upon completion of these tests they will recommend refineries that would be willing to purchase the feedstock.
John Bordynuik, JBI Inc. CEO and President, related, "We are very excited and pleased with these results. This confirmation is another important milestone in our growth model as it provides credible evidence that the Company's Plastic2Oil technology is viable and has potential for commercial success. All types of different plastics produced nearly the same fuel, management believes, due to our catalyst. Due to the extensive tests that we have done, the independent testing and verification of the fuel, the wide variety of feedstock that has been tested, and the results we achieved from our catalyst, I have focused resources to finish the large processor as soon as possible. With the Pak-It acquisition complete, we are exploring options for an interactive conference call. Upon the selection of a vendor, I will announce a conference call date through a Press Release in the near future."
ALL WHO HAVE NO IDEA ABOUT THE SHARES PLEASE READ OR REMAIN IGNORANT:
John Bordynuik
Awesome news today on all fronts. My certs to return to the treasury FINALLY arrived. Cert #2584 12M shares & 1285 9M shares will both be returned to the treasury tomorrow to complete the return of 21M shares as of Dec 9 and 12M (for PIPE). I will post as soon as the TA has verified for me they have updated the Issued and Outstanding count.
Can't wait for the end of March! MARCH MADNESS
If you do a simple search of the posts on this board from around 2 days ago if memory serves correctly, you will find that JOHN himself addressed this issue.
Have a great day.
We do get those numbers late March?
I concur with the $800k mark, we shall see by the end of March I think.