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Hosting an AGM isn't cheap and the hotels don't take shares for payment. JBI might want to do a virtual/webcast AGM or host a weenie roast at the plant in Niagara falls.
No permits have been filed in Ohio
http://extapex.epa.state.oh.us/epaxp/f?p=840:11:4236096871932829::NO:::
How much plastic does it take to make a gallon or barrel of oil?
It totally depends on the waste plastic feedstock, but an average of 8.5-10 pounds of plastic for one gallon of synthetic crude oil is a reasonable conversion factor.
http://www.agilyx.com/about-us/faq.html
Approximately 1 gallon of fuel is extracted from 8.3 lbs. of plastic (1 litre of fuel is extracted from every kilogram of plastic).
http://www.plastic2oil.com/site/advantage
What are you including in the revenue? Will the 10Q break it down by segment? Will the P2O revenue be broken down as promised in the conference call?
10Q DUE MAY 10th. 10-Q: for Quarterly Period Ended 03/31/12 due Thursday, May 10, 2012
http://www.secfile.net/SEC_calendar.htm#Filing_deadline_calculator
A lot of companies can make fuel from plastic. Check out the USPTO website. Can JBI make if for $10.00/barrel? That's the profit question.
Maybe they could rebuild the Erie Canal and go back and forth to Niagara by boat!
That article is at least 5 years old and probably more. Taft hasn't been governor since 2007.
Infomercial on the Daily Planet. Wilkinson is a paid consultant who works to "brand" companies. Wonder if the film crew was included in his bill or they billed separately.
JBI already has operations in Ohio.
Revenue from all of JBI or P20 only? Should be breakout the cardboard? What about Javeco? Tape reading(are they still doing that?)
What IF.
Per the 10K, CC and PR's.
One processor operating full time for 3 months. Two processors operating for a full month of the first quarter per the CC and PR.
Is the revenue in the 10Q is the same, less or more than the 10K for the forth quarter?
If it is less, will you question management? Or will you continue to say "next quarter"?
Oyxvinyl? PVC isn't allowed per the DEC permit for JBI. Remember Three Mile Island? It's bad enough the Iroquois address is on a known brownfield and used to be a magnesium facility. I'd be worried about cancers and pregnancy issues as an employee and possible lawsuits as an employer.
http://www.oxy.com/OurBusinesses/OilAndGas/UnitedStates/Pages/overview.aspx
http://www.oxy.com/OurBusinesses/Chemicals/Products/Pages/OxyVinyls.aspx
It's been done before. For years. Have you checked out how many patents there are on different parts of the pyrolysis process? Over 15,000!
What John Borydnuik said was he could do it for $10 dollars a barrel using his Unique Catalyst that he found on an old data tape.
Principal
Third Oak Associates Inc
2010 – Present (2 years)
President of a Canadian based consultancy focusing on strategy, communication and advocacy services. Third Oak effectively manages the value of client's reputations with all stakeholders. Clients are principally in the energy, chemicals and plastics sectors in the U.S. and Canada.
http://www.thirdoakassociates.com/services/
He's a paid consultant. Pay someone enough and they'll endorse you.
Nothing about the AGM yet. Did JBI post their annual meeting materials from 2011?
Public companies in the United States
Every state requires public companies incorporated within it to hold an annual general meeting of shareholders to elect the Board of Directors and transact other business that requires shareholder approval. Notice of the annual general meeting must be in writing and is subject to a minimum notice period that varies by state.[1] In 2007, the Securities and Exchange Commission voted to require all public companies to make their annual meeting materials available online. The final rules required compliance by large accelerated filers beginning on January 1, 2008, and by all other filers beginning on January 1, 2009. The "e-proxy" rules allow two methods for companies to deliver their proxy materials, the "notice only" option or the "full set" option. Under the notice only option, the company must post all of its proxy materials on a website, and send shareholders a notice that the materials are available online. This notice must be mailed at least 40 calendar days before the shareholder meeting.[2]
10Q DUE MAY 10th
All your weights and measures assumptions will be moot because it will probably change AGAIN.
What if there is another PIPE going on? Loading big time to make the stock very active? Could it be someone who plays the game very well? I'm not saying there is a conspiracy. Maybe manipulation from someone inside? Always IMO.
Did you catch John Bordynuik on BNN's THE PITCH? It was awesome! Filling tankers. Cash flow positive 2Q. Too bad it was LAST YEAR.
The Pitch : April 27, 2011 : Part Two [04-27-11 11:40 AM]
http://watch.bnn.ca/#clip457091
The Pitch : April 27, 2011 : Part Four [04-27-11 11:55 AM]
http://watch.bnn.ca/#clip457095
Don't count your chickens until they are hatched. The mod isn't approved yet. They have a lot of plastic outside and the permit calls for it to be INSIDE. Pictures were sent to the DEC today. Oops.
Do you think they'll include it in the 10Q? Will it be in a PR? How's that SEC thingy coming? That purported sale of 500,000 liters? (purported because there is no 8K and no PR).
It still equates to very little revenue, much less profit. What happened to that HUGE profit margin? There is a cost to doing business. ie: shredding fuel tanks and transporting them across the border.
What happened to the breakout of the P2O business - cardboard vs plastic to fuel? Promised. Under promise and over deliver? No delivery.
Oh, I know, it's a start up that commenced operations over 2 years ago. Almost nothing spent on R&D when you look at the total expenditures.
The tape business, if there really was a tape business, would have easily funded a lot of the operating costs. 700 tapes a day at 22-25/tape. That's millions of dollars a year. Now the OSC.
The Pak-it business. The roll-out was a joke. What was that advertisement talking about? The average homeowner uses 270 bottles of cleaner a year? That was ridiculous.
The Javaco business. What was that about? Turned out the Mexico connection was another company. Nice DD.
The media credits. Another snafu. Thanks John for your diligence. Now the SEC.
Your COO. A supposed brain surgeon with an online masters degree? What were you thinking?
Etc. Etc. IMO, this company is toast.
Good question. 10Q due May 10th.
Sort it? (reference discovery channel dumpster diver)
Shred it? (reference inspection report)
Ship it? (reference inspection report)
What does JBII do with unwanted, unsorted and dirty plastic?
RED Did you call the SEC today? I did.
What's the name of the company that gave them the order for 132,000 gallons? And 3145 barrels of what? Do you have a link? That's material. Is there an 8K? A PR? Has this shipped yet? That's a substantial chunk of revenue compared to last year.
There have been numerous PR's stating sales, franchises, etc that have never come to fruition. What makes this one any different?
10Q Due May 10th
Here's the report that discusses what JBI is shredding in Canada and shipping to NY. It's the majority of what JBI's been melting.
https://viewer.zoho.com/docs/pcicbV
Ship it to Canada, shred it, bag it and ship it back to the US.
It was in the solid waste inspection report.
So are you saying the neiling helps them get the plastic?
this was a great deal for JBI - the neiled it here. That get as much plastic as they can process for the next 10 years.
Quote:Even billion dollar companies will sign a deal...
Or patented or even patent pending.
US
http://patft.uspto.gov/
Canada
http://www.cipo.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/h_wr00001.html?OpenDocument
International
http://www.wipo.int/patentscope/en/
I'm thinking, not so magical, and not so secret.
Did I say that? No.
What I said was:
The 10Q is due the day after. Wonder if they'll delay it to pump up the production numbers.
JBI can include those numbers in the 10Q. Didn't say the numbers from MAY would be included in the financials.
You're implying that the 10Q due on 5/9 might include financials from May 2012?
The 10Q is due the day after. Wonder if they'll delay it to pump up the production numbers.
Nothing is business as usual. That's why the SEC should be contacted.
This is nothing new. Either there is a PR coming purporting some tiny, unverifiable news that will have the masses shouting praises and "I told you so" or it's another Pipe.
JBI on BNN. REVENUE & TANKERS ON BNN - THE PITCH!!!
David: Well John has a bit of a “too good to be true” smile on his face which makes it hard to make a decision. But if what he says pans out, to your point (pointing at Vince) with the patents and what not, this is the kind of project that is on the mark and the financial markets will reward him and he’s already taken that first step to go to the over-the-counter market. So I think that mix of debt and some extra angel investors - this is something that I think has a lot of potential.
Host: Vince, you see a lot of technology pitches. What do you look for?
Vince: With technology it’s tough because technology pitches often are earlier stage so it’s – we like to see traction. We like to see actual revenues as opposed to – good ideas aren’t just great ideas until they start generating revenue and, even more importantly, profit and EBITA.
Host: John, when would you hope to start posting sales?
JB: Now. This week.
Host: Actual revenue?
JB: We’re filling tankers at the site now.
Host: What about serious cash flow?
JB: Serious cash flow – you’re looking at a quarter out, really. So you’re looking at Q2.
Host: So guys, I think Ellis it was qualified interest, Vince the same for you, and David the same for you?
David: Yeah, because I think he’s got a good opportunity mix that lends itself to all kinds of different investors, including his capital equipment ask, which is part of his five million. So I think he’s on the right track and I’d be interested in that.
This aired in April 2011
http://watch.bnn.ca/#clip457091
Has anyone called the SEC? Some of these trades seem very strange. There has been no news to justify this volume and the price. Is there something JBII has released?
10Q is due May 10th. What to look for:
Revenue that supports the announcement of multiple processors.
Anything positive about the Rock Tenn agreement that's nearly a year old.
Updates about ongoing legal issues. SEC/OSC/etc.
Breakout of P2O activity - cardboard vs petroleum distillates.
Cash. Any new Pipe activity.
Solid waster permit modification.
Patent updates.
Etc.
Nearly another 100K shares were issued to directors and the CFO today. Nearly 1.3 million shares came off restriction in the past week.
From 10K filings - Shareholder Equity
Total Equity 2009: $22,946,908
Restated 2009 $11,138,200
Total Equity 2010: $5,033,380
Total Equity 2011: $2,111,612
Spewing Cash? Do you have a link for that? 10K doesn't support that.
As to "smelling like roses" - settling lawsuits is not winning and it's cost JBI a lot of money - check the filings.
There are still several open lawsuits against JBI and John Bordynuik including the SEC's suit for FRAUD.
JBI has little cash left for legal battles much less disgorgement to any shareholders or Pipe participants. They should be concerned and call the SEC and the OSC.