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BLFS booshed again yesterday and today.
Yes, this application remains FASC's greatest hope for redemption.
PERI can't say I feel comfortable yet. Still too many unknowns, including where the point of failure might be as the processor ramps up and how serious an issue that point is. We were set up to expect that failure with the statement regarding components failing due to the heat of the process.
But maybe we'll get lucky and the 4,000 lbs. per hour will be achieved without issue.
Then the costs will need to be weighed against the revenues. How quickly will they be able to build out given the constraints of feedstock (how many Crayolas are out there?) and the need for HTF.
Lots of unanswered questions, but we seem to be getting closer to some answers.
It's all coming back. Thanks for the reminder. I think.
So this was in 2000?
korogi: This is all very intriguing, but I have no way of validating what you say. It does add to the plot line for the screenplay, though. It just keeps getting better and better.
I knew "boots-on-the-ground" would not be able to keep it to themselves once real activity at the plant commenced. This is the type of reporting I've wanted to see all along. The more the better. A fully operational plant should be buzzing all day.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91673692
JBII should be on boosher watch. I think a report that the system was ramped up to significant throughput without issues would be enough to get buying coming back.
Ah yes, it was the Perdue AgriRecycle application that the KDS was targeting. The KDS had its chance. Why wasn't it selected?
Here it is - the KDS "Micromex" (sic):
http://www.al.gov.bc.ca/poultry/publications/documents/evaluation_poultry_manure.pdf
"hen manure processing"
LOL - my friends always referred to this as the chicken shit company since a decade or more ago. I can't even remember the original chicken shit application that never went anyplace.
Some things never change.
Charlie: you may be right about the motives. If those are the motives it would clearly be to flip cheap shares for more expensive shares when longs and other watchers buy as the next sale is announced believing the ship has finally come in.
I could see FASC performing as it has for quite a while. Enough sales to keep the doors open, but not enough to realize profits for investors. The benefits of the KDS just do not seem revolutionary enough to displace other technologies achieving the same ends.
Just looking in from the outside after so many years of looking out from the inside.
This had more to do with just moving on for your own peace of mind than any investment advice. But I do not understand you not selling on any moves up accompanied by higher than averag volume.
Al - if you sell you will realize a big tax loss, assuming the investment is in a taxable account, that you can take advantage of now while being able to invest what few dollars you can realize from a sale in something that has better potential for growth. You also get the advantage of being out of something you clearly have little respect for. Others here seem to believe there is still a chance for the KDS to be commercially accepted. The only reason for you to stick around is because you believe this as well. So where do you stand?
I have no idea what the true story is behind the recent management change. I sure would like to know. I do not feel comfortable that Mr. Heddle's taking over means all is right now. I do appreciate him stepping up to the plate with money. That is probably the primary reason for the change.
It remains all about P3's ability to perform. I figure it needs to do about 5X better than the initial reports.
Brian Nichols has given me a gift...
bnichols@fasc.net installed Dropbox after getting your invite. To thank you, we've awarded you 500 MB of bonus space.
B9 meant "boosher" chart but didn't notice that his auto-correct turned it into "booster". Look at the post at the top in yellow.
Bueno: running P3 for 23 days straight is a step in the right direction, but clearly the market will not give JB the benefit of the doubt at this point. I think someone calculated the plastic throughput at about 1/6 of the claimed 4,000 lbs. per hour that is possible. That's quite the gap. Yes, they are supposedly being cautious about bringing it up to speed during this testing phase. That means that the throughput at the end of those 23 days old be much higher than the average computed.
The hyperbole on both sides is extremely annoying. I appreciate your points, but I don't think the negativity is required to get across your points. Referring to the past is a waste of energy. Stick to pointing out the realities of the current state. Those realities are sobering enough.
BLFS boooshing.
"Only makes sense if the fear is that Tony might be in the pocket of large investors and screwing things up, whether intentionally or unintentionally, for an easy takeover."
The only "proof" that is happening are some comments by 2 former board members, Wesson and Bagai.
I don't know what to make of people who where obviously close to JB. I don't think it is likely that Bogolin is working to put control of the company in the hands of a minority through an obvious ploy. I doubt that this kind of action would hold up well in a court of law.
I don't know if JB wants these former board members to stir things up or not.
I believe that a very qualified board can be seated once/if the technology is proven.
Everybody wins if the technology is proven and management pulls together a team to expand that technology as quickly as possible.
You shouldn't be surprised that the focus of investors is on the performance of P3 and the seating of a new BOD.
As I've said, I think the two are tightly coupled.
I will never fully understand the need to tear down new management while JB, the CTO, works to create a machine that approaches the hype.
Clearly the Friends of John speak loudly on that board. I think there is a much more reasonable silent majority on both sides of the aisle.
I wish I knew the reality of how well people are working together to create a successful business. I am not at all upset that the company has taken a low profile while the technology evolves.
buenokite: Thanks for asking Brig that question about whether or not he is making defamatory remarks about Mr. Bogolin. I think the whole board may be bordering on doing that.
I want to see some proof that the board is not being seated in order to put control of the company in hands other than those of the current shareholders.
I believe a BOD will not be seated until the technology is proven. If it is proven I think some very qualified members could be seated.
We all know what will happen if the technology is not proven.
Any number of comedians. Or perhaps Tim Roth, the guy who starred in "Lie to Me".
I do not think your numbers are unreasonable if they claim P3 victory before mid-August.
They will need to hit the pavement running with their business logistics. So that could be an issue. Shouldn't be at this point. They should be prepared for it.
Investors will not be happy with another round of tinkerfarkin. I can't imagine what technological explanation would be satisfactory at this point.
I have held because I did not see any issues that seemed insurmountable. I hope the HTF works and does not destroy profit margins.
This is either the beginning or the end.
The story should be make into a movie regardless the outcome.
Bueno - as much as I would like to see good P2 numbers, I am not expecting them.
It's all about P3 performing as claimed.
All along I have argued that the company requires predictable output from their processors to be able to take customer orders and fulfill them reliably. P1 I have written off. P2 still feels like a machine more for testing than reliable commercial productIon.
I am waiting for P3 results. I have been able to forgive the company's ugliness because I have seen real progress with the technology. But this iteration better show that all the engineers working on the issues really understand what they are doing.
I was not happy to hear about expected failures. I would have expected them to over engineer this one to assure that the expected failures would not happen. Make money and then figure out where costs can be shaved.
Hoping for a good outcome.
How do you know there's the machines running balls out?
That's the problem. No proof of that.
And no proof P3 resolves all the technical issues.
When real proof is there the price will run.
Until then most are assuming more of the same disappointing results.
Why should they not?
It's all about how well the third processor addresses the technological issues to allow consistently long periods between shut-downs and how this will translate into reduction of costs.
So we don't really know how things are at this point in time. We know how things are up to this point and they have not been good.
Things could change quickly. The output of the processor has always been of good quality.
Or not.
We wait for results. I'm guessing we will find out, good or bad, by September at the latest now that all the permits are in place. If the initial results appear good, I would think sooner rather than later. The longer things go without hearing, the less likely that the news will be good.
I'm sure the stock price will signal results before we hear from the company.
Waitedg: OT: ...
My sister shared:
Marriage is like a card game. At first all you need is two hearts and a diamond. But later you wish you had a club and a spade.
Her husband responded:
Romantic texting
A wife, being the romantic sort, sent her husband a text:
"If you are sleeping, send me your dreams.
If you are laughing, send me your smile.
If you are eating, send me a bite.
If you are drinking send me a sip.
If you are crying, send me your tears.
I love you!"
The husband texted this reply: "I am on the toilet. Please advise."
JBII - I know that B9 and Bueno have labeled JBII as just another penny scam.
Sorry, guys, but that is complete nonsense. Yes, JB has done a commendable job unnecessarily destroying the reputation of the company.
There is enough third party verification of the quality of the output from the machine, when it is not busy clogging itself up.
Anybody who thinks it is JB working by his lonesome to come up with the solutions for the technical problems encountered as they have scaled up is not thinking this through. Compare the first "commercial ready" processor to this new one. They are worlds apart in appearance and quality.
http://www.plastic2oil.com/site/news-releases-master/2013/06/13/jbi-inc-announces-completion-of-its-third-plastic2oil-processor
Is this the one? That remains to be seen. But I think the chances are good that this one will be able to process controlled plastic with decent up times and good, if not outstanding, margins. Enough to keep the lights on and enable them to begin get reasonable financing for a roll-out of additional processors to RockTenn and other locations.
Unless the engineers who worked on this design were not able to make good design choices, this story is not "all over except for the shouting." It really could be just the beginning of what investors were expecting two years ago.
There will be a much clearer picture by the end of the third quarter.
But the Fools say buy ...
http://www.fool.com/investing/general/2013/06/07/why-xerox-is-poised-to-keep-climbing.aspx
Cramer: Sell XRX...
http://wallstcheatsheet.com/stocks/cramer-sell-xerox-and-triquint-but-buy-weyerhaeuser-and-these-2-stocks.html/?a=viewall
Jim Cramer made the following calls on May 31st, 2013.
Xerox (NYSE:XRX): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on February 16, 2012. The stock’s 52-week high is $9.38, and its 52-week low is $6.10. “It’s an ok stock,” said Cramer. “But I don’t see a lot of upside here.”
Sam: Pretty sure he was simply stating what a function of the KDS is - to remove moisture from a material as it is processed.
The mysterious part is the new material that he mentions.
What could it be that we haven't seen before?
OT: Pretty sure all the cartoonists of that time (and probably still) were taking something to help with their creativity.
That cartoon was released the year I was born. Not sure I ever saw it. Sounds like an oldie but goodie.
Fasctrack: Can you put me in touch with your supplier?
Yes, I burst out laughing at that line I cannot comment about in context.
The paper was good, but it still remains all about #3 performing as expected.
Hopefully we will not see an energetic disassembly of the share price.
(sorry WAVXers)
Those commercials are so pure you would almost think processed sugar is good for you.
That's the most impressive picture of the KDS I've seen in a long time. I remember dreaming about seeing 100's of these types of setups across the world.
GLTA who still have those dreams.
A Fool's view:
http://beta.fool.com/hoangquocanh/2013/05/06/cfo-of-this-digital-printing-sold-his-shares-shoul/33120/?source=eogyholnk0000001
XRX a better value than EFI.
OK, now that it's the end of the day, what is the read? After hours has this above 9. Will it go to the 9.33 point of resistance from June of 2011?
Did XRX just break through another point of resistance?
Haven't looked closely to see if the KDS could be helpful, but this is awesome!
http://www.kurzweilai.net/breakthrough-in-hydrogen-fuel-production-could-revolutionize-alternative-energy-market