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Not to mention soft drink makers with unique recipes (Coke, Dr. Pepper, Pepsi, etc..)
And sauce makers (A1, Worcestershire, etc.)
And spice mix makers (Tony Cacheres...and many others)
And many other groups would fall into this category as well.
I find it amazing that people refuse to give JB at least a little leeway and time to prove their process. This is still a new company that has expanded rapidly. A little patience goes a long way.
What is the difference in saying they were invited to uplist or invited to apply? In both cases an application must be filed and approved. I can't imagine why Nasdaq would invite someone to apply that they didn't think, or would want, to succeed in uplisting.
As far as speculation goes some of us are speculating on the positive side and some others (yourself included) are speculating on the negative side. I don't see much of a difference yet you come across as taking a superior position.
Time will tell. If you don't have the patience to wait until April 24th then I suggest posting somewhere else for a time.
Maybe he meant the process of teaching them is painful?
They're learning at a painfully slow pace?
Who knows. I do agree with JB though. Just because the company continues to validate itself doesn't mean the doubters will ever go away. There will always be something.
Cool.
You'll agree though, I would hope, that appearing anywhere in the top ten on Google would be useful.
Maybe you wouldn't....I really don't know the statistics on search engine sites.
So...good we agree on the need for SEO. I think it could be fairly simple to get JBI's website in the top ten...it might not be super cheap but on the first page will eventually be essential as the company grows and becomes the leader in the industry.
I agree with Zardiw. If this is your area of expertise give the company a call and offer to help out. I have good friends who do this but they aren't investors so I doubt they'd feel like helping out the company for free or at a discount.
This is actually a decent question and something the JBI internet team needs to think about. I just did a google search for "plastic to oil" and looked through the first 5 pages......I found a whole lot of information but none of those results pointed to jbiglobal.com or their other websites.
I know the sites are new but search engine optimization is important these days. I think you would be hard pressed to find anyone that looked past the second page of a google search with any regularity.
Indeed they do.
I did not intend to imply that the credits were not useful. They're just useful in different ways than I had originally thought.
Indeed...lots of media. I think adman's point is valid at least in that it will be a little bit of a downer to those of us who thought they could be used anywhere on anything (I'm including myself there) to find out they can only be used in newspapers and radio.
I had hoped JBI would get to use them on some infomercial runs saving the company some cash.
I could very well be wrong. I think if our media credits can ONLY be used with NewsUSA then you are correct...just print and radio.
However if they are 'general' media credits (for lack of a better term) then what I quoted to you might come in to play. I got that from this post by legion:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46750978
Where he apparently compiled some DD regarding media credits.
Cash Equivalent Media Credit is a unit of non-monetary currency that acts like currency for your Balance Sheet and acts like currency with U.S. Media to provide your company media in 10,000 newspapers, 6,500 radio stations, 1,500 TV stations and the Internet, in all of the USA plus Canada.
I don't believe I ever insinuated that industry relies on the media.
I agree with EP's estimation - either JB delivers a fully functional, operational, machine at the shareholders meeting (which he has stated in clear terms that he will do) or this stock tanks...at least in the short term.
I happen to fully believe he will deliver as promised.
Though here is an interesting quote from your post that you linked:
Cash Equivalent Media Credit is a unit of non-monetary currency that acts like currency for your Balance Sheet and acts like currency with U.S. Media to provide your company media in 10,000 newspapers, 6,500 radio stations, 1,500 TV stations and the Internet, in all of the USA plus Canada.
Plastic2Oil does not need to be advertised. If/when it is proven a processor is making good money, nothing else will be necessary.
Would you not admit that any advertising could be positive depending on what they do with it? If they use their credits to put informational articles about this green-technology they will be implementing....even if they are not 'selling' anything through the articles it will be positive exposure.
Everyone is always talking about JBI's media exposure....it seems like any positive exposure will be better than the lack we have now. And considering the low price JB paid to receive $10M worth of articles then it seems like it is still an ok deal.
It seems to me that newspaper articles could be very useful for talking about the company and providing info on their new P2O process and their desires to clean up landfills. I don't see how this could be portrayed as a bad thing.
As far as the infomercials go (a good beginning I think) I would assume that they will pay for those out of pocket like everyone else.
Adman,
I think those examples look like newspaper articles...which is one option of what we have been expecting.
I think that if Newsusa was to write up and print in major market newspapers articles about P2O (lots of article options there) or the company, or Pak-It...then that would be a good thing. Don't you agree?
I certainly hope, and expect, that the company does not only advertise in print media.
Except he is in no way currently in any position to make decisions about this company. If he even holds shares they are few (in the grand scheme of the company) and can exit whenever he wants for all we care.
To call JBII a Thomas Kidd pump and dump is ignorant...and insulting.
I've wondered the same thing, and especially at peoples willingness to stand around in whatever weather (rain, cold, snow) while they wait.
The fact of the matter is that for a big, fresh, tasty, and cheap cup of popcorn enough people WILL buy it to make it worthwhile I think. Especially as they can be renting their video while the popcorn pops.
Americans like nothing more than a cheap tasty snack. The good thing is Po'N'Go won't be making the country even more obese. On the contrary it's much more healthy than the other options.
My only question is: Once the TA updates their records (after receiving whatever it is they are waiting on) will you admit that the CEO did not lie?
I love the part where JB refers to P2O as an operating entity. It's not a 'soon-to-be operating entity' or an 'entity we hope to operate in the future' but an 'operating entity.'
I may be reading too much in to that statement from JB....but oh well.
Very well said Wess. If anyone couldn't before your posts continue to make it clear why you were elected to the BoD.
That's fine...I understand that.
However all the people trying to pick the company apart don't seem to want to give JB a fair amount of time to make something work. Griping because in less than a year a company hasn't launched their premier product? That doesn't make any sense. You could probably find 1000+ companies that took years and years after going public to get their niche product to market.
Heck each year Intel puts out a new processor that they've been working on for 3+ years (probably).
I'm not sure I understand your question. Why do I keep doing what?
Yeah..I meant "innocent until proven guilty."
Would the CFO not count on the Board as well?
I bet that eventually the site will have a list of the board members.
I emailed the company about this asking for clarification on the wording in the PR and the current status of P2O in regards to the PR released and other vague statements about unveiling in Feb.
I'll post whatever I get in response that I am allowed to reprint.
While I agree with you that it is the most important thing we are waiting on I feel like re-iterating my stance that I am NOT worried at all about this. It's just a matter of time...I've been waiting almost a year now, I can wait a bit longer.
mx10001 - I've speculated all I care to. Now I would say call JBI and ask them if they can clarify what the language they used in the PR meant.
I think that Islechem can't "further improve P2O's efficiency" unless an efficiency rating/standard had already been established. It only makes sense, to me, that to establish the efficiency rating lots of batches have been sent through that big P2O machine. Maybe they don't have it running full-time and it's always possible that the PR is referencing work to begin after April 24th at the unveiling.
It appears to me though that the machine is running...producing oil...and IsleChem is going to work on making it more efficient. Not to mention working on the process for processing medical waste and other niche plastics.
Someone else may have a better answer but I would love to hear what you find out from the company in regards to the PR and the language it contained.
Sounds like a great question for the company. I could speculate...but that is all you are doing and speculations are not facts.
Go to jbiglobal.com where they have their contact info and call IR or email IR. I'm sure he'll pass the question on to the appropriate person and have you an answer quickly.
It seems to me that people have such a hard time believing in these credits because JB got them at such an incredible deal.
Sometimes good deals happen people! There was an old saying "guilty until proven innocent." Sadly in the business world it doesn't seem like businesses are given the chance to succeed before people think they are all liars/scam artists.
JBI, INC has been in operation for only a short while and has undergone some major acquisitions and restructuring. Let's give them a little time (and some quarterly reports) to show us what they can do.
I can only speculate, as you can, but I had been told in January that in Feb. there would be a big media event/unveiling of the P2O machine that would give the company "bragging rights."
Obviously this has not happened yet, though there are two more weeks in Feb so I guess anything is possible. Honestly I was a little disappointed that there was no specific PR that detailed the viability and functioning-ness (I know, not a word) of the processor.
We have been assured though that there will be a machine up and running for the meeting. We have also been told that IsleChem is helping us tweak and improve upon a process that, it seems to me, wouldn't need tweaking/improving if it wasn't already working. At this point I think we can only infer that the machine is running and has been validated by IsleChem and it was the validation that caused IsleChem to desire to become a longer lasting part of the P2O team.
-this may or may not have answered your question...and I rambled. sorry.
I've looked for your reasoning as to why it is "unethical" for JBII to be listing their assets as such. Could you help us out and provide some?
You don't have to reply unless you have a real, well-thought out reason.
We won't be holding our breath.
Indeed the naysayers have been answered every time. I think it's good that they keep trying though because it forces us to know our stuff and every time we prove JB or JBII right it just adds that much weight to what is being built.
Who is the "Smith" person he refers to in post 1?
As for the rest of it does it not say something that he is willing to provide this info while on his honeymoon? For part it says he's a work-a-holic...for the other it shows his devotion to the truth and making sure people have a clear grasp of what is going on.
JB is truly a unique CEO.
Z would you mind informing us as to why dislextra would be privy to this information?
He uses "we" like he's speaking for Domark.
No problem...I think SteveF had tried to make that point to me earlier in the day so I was feeling a little riled up.
Cheers.
That would appear not to apply to column three though.
I was being facetious.
Ok but as far as I can see they qualify under the third column "Net Income Standard."
No 90 day rule or anything else that would hinder our company from uplisting. Given subpoint 2 I would assume these are the requirements we filed under since at the time of applying we had not held $4 for 90 days.
Dont' you know that the company is the worst place to get information from? Everyone knows random sources on the internet and then the SEC, that trusty DD machine, is way better.
Are you insinuating that Tom Kidd has any say as far as what the company does and does not do?
What proof do you have that Tom Kidd holds decision making powers with JBI, Inc. Where is his name on their website? In what filing was he named to a board, or as a VP, or as a janitor?
The only people running, and therefore deciding, what JBI does is the team that JB has put together. That's it.
The earlier he is out the better, yes? Maybe he's the resistance we keep having up around $7.
Then again maybe whatever shares he currently holds he can't sell until September 2010. It seems like, in the other filings that z and Raw have supplied you with, the deal with Domark to keep the shares was axed.