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The sahara is to water as we are to uplisting. We need it bad, now.
Anyone know any free sites with live spreads? I have an account that does, but it doesn't work through my phone so just curious if you all know any others I can try...
Love reading every word of this!
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that December, 2009, has been a month of intense activity and very positive productive progress. The Company and Rick Heddle have agreed to a Joint Venture whereby Heddle Marine Service, Inc. will retrofit ships with P2O processors. The Company is now finalizing a JV Agreement for production of its first P2O ship with Heddle. JBI anticipates contracting with various countries to convert their plastic waste into oil.
The launch of P2O in early 2010 will be an exciting and important harbinger for job creation, environmental clean-up, and oil production. Plastic waste is a huge global problem, contributing heavily to landfill expansion and ocean pollution. The Company has a goal of initially establishing 2500 P2O sites with municipalities/interested parties and launching P2O ships for various countries' plastic waste retrieval and energy production.
Converting plastic to oil has previously been attempted unsuccessfully by other companies as it was not economically feasible. However, the Company's research discovered a unique catalyst that is now proprietary to P2O, as it greatly enhances the efficient and economical conversion of plastic waste to oil, allowing for a 99% recovery rate compared to 45% +/- for competing systems. In essence, the catalyst greatly expedites the cracking of the plastic and allows the Company to select on a tight curve the particular hydrocarbon to produce. Competing methods require much higher heat, considerable energy cost, prohibitively expensive residue disposal, and result in poorer conversion. There is a negative energy cost to operate a P2O processor, since 15% of feedstock weight is converted to gas to run the system. The P2O processor is not a "perpetual machine", 15% of its feedstock is consumed to provide gas to power the processor.
Heddle Marine Service Inc., established in 1987, is the only marine repair firm that operates floating dry-docks on the Canadian side of the Great Lakes. Located on land leased from the Hamilton Port Authority, the site has 160,000 square feet of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of fabrication shop and 5,000 square feet of machine shop.
This continually expanding, successful company, with 20+ years of expertise in rebuilding ships, converting tanks to cargo and cargo to tankers, will be a valuable and important partner in helping JBI to achieve its eventual goal of attaining a fleet of P2O ships to address global demand for their service. For further information, visit http://www.heddlemarine.com/
Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
The Company expects that Mr. Sousa's company will begin to quickly cultivate supply chains and sites for the installation of P2O sites throughout Florida concentrating first on large metropolitan areas and expanding outwards. The "Green" aspects of the P2O process is expected to solve huge problems in the area of plastic waste disposal as well as generate much needed oil for commercial use. Public-Private partnerships are expected and local, state and Federal credits are available for rapid deployment and cost effective development.
An independent lab investigation of JBI's P2O technology revealed the following information: 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.
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.
JBI's Pak-It division is being positioned for anticipated dynamic revenue growth in 2010. The Pak-It factory in Philadelphia is being completely upgraded to handle high volume retail production for their eco-friendly line of cleaning products. An experienced 5-person national sales force is being hired in January. JBI is in current discussions with a very large, established company that has had great success marketing their consumer cleaning products via television infomercials. This company has indicated a desire to partner with Pak-It in an infomercial marketing campaign. However, if an agreement is not formalized with this potential partner, Pak-It will proceed on its own to have infomercials produced and begin a massive marketing campaign.
Successful infomercials have proven to be a very effective method to rapidly attain major consumer awareness and often generate a significant increase in sales revenue. The patented, cost-effective Pak-It product line clearly appears to have all the attributes for a successful infomercial launch.
JBI will soon establish a Board of Directors consisting of key talent within the Company, including the CEO, and on their Advisory Board, as well as some dedicated open market shareholders to adequately represent our anticipated large shareholder base. Unlike many other BOD's, the Company wants to have a proactive Board that is committed and focused on the continued future growth of the Company for the benefit of all shareholders.
Additionally, the JBI websites are currently being redesigned by a group of loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the Company's achievements and unique technologies. On-site videos will provide the world with a clear view and understanding of the Company's important technologies.
John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first week in January to meet with exchange officials and begin the application process to up-list JBI on the American Stock Exchange. Furthermore, at the end of January, Mr. Bordynuik will be traveling to China to meet with P2O processor manufacturers, and establish production requirements and volume agreements. The Company has previously been advised that its Chinese manufacturer could produce one P2O processor every day, with a 15-day lead time for each batch.
Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9 million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as of that date, total outstanding common shares will remain at 46,725,106.
John Bordynuik commented, "All of JBI's dedicated team members have been working long hours and very hard to ensure an extremely successful future for our Company. I am most appreciative of all the loyal supporters who have stepped up and committed their valuable time and efforts to our shared vision of growing JBI into an extraordinary, successful company and maximizing share valuation. I wish everyone a most joyous holiday season and a very prosperous New Year."
3 Laundry packs
6 floor cleaners
1 disinfectant pack + bottle
1 all purpose cleaner pack + bottle
1 glass/hard surface clearner + bottle
And some awesome marketing materials!
Ask at 3:59.
Don't discredit the value of a moral CEO with good judgement:
WASHINGTON (MarketWatch) -- As the White House and Congress consider a host of new regulations for Wall Street, a commission studying the financial crisis harshly criticized the heads of the nation's biggest banks Wednesday for their role in the near collapse of the economy in 2008.
"How do you go to the rating agencies and persuade them to give these subprime mortgage-related securities the highest ratings, at the same time as you have internal information that leads you to believe that in fact those securities may fail?" Phil Angelides, the chairman of the inquiry panel, asked Goldman Sachs Group Inc. /quotes/comstock/13*!gs/quotes/nls/gs (GS 169.00, -0.07, -0.04%) Chief Executive Lloyd Blankfein.
GENIUS!
I just got my free samples...I'll do that.
I just puked on my computer.
Thanks.
I CAN'T WAIT FOR ST. PATRICKS DAY THEN!!!!!!
Lucky + Green = WEEEEEE
They would look at the 52 week high, the fact that "JBI" has been around for only a few months (even though that's not true), and the fact they are on the OTC and say NOOOO!
Betcha they wouldn't even find the website...by the way, we need that baby updated.
17.4 is what it's gonna be
They're missing the significance of JBII.
First mistake JB made: Should have called it P2M...plastic to money....dumbs it down a little for the doubters.
Yes XOM is dead.
I didn't know 3 players (who have far less superior technologies and business plans) in the plastic to oil business was too many. I guess they're right, the world doesn't have much waste plastic...nor the Pacific Ocean.
Based on Porter's Five Forces, we should probably be shorting. I'm sure Michael Porter is himself.
Completely agree about uplisting first...maybe with a little news.
Then lay the PR hammer 2 weeks later and we may get another poem from Z, entitled: JB making us say WEEEEEE.
Though I like the grouping of news JB releases, I hope he staggers the uplisting with the performance releases.
For obvious reasons, I'd hate to uplist at or around an all time high. I'd rather get performance news (e.g. validation, processing oil, etc etc)...have our normal huge run followed by a small consolidation...THEN uplist. or vice versa
I'm sure JB is already well aware of this and thought of this back in June.
Hold on people! This is our next Christmas present promise:
believe the best approach is execute our business plan and let our shareholders deal with the nonsense. (Still in transit). I believe most won't take the risk because they have seen us move and when we release a major success (I like to group them) then they take major damage.
I know this forum has a lot of speculation, but I'm guaranteeing that in 10 days from now, we will all be that much closer to retiring. Mark my post number and refer back on January 27.
In about 2 years, the two letter abbreviation for Canada is going to be JB
I'll buy you 10 shares of JBII at tomorrow's open if you can get it in the WS Journal as well.
Red Flag: JB has 6 computer screens around him in that picture. That's pretty irresponsible spending.
Ha.
Tops coming off of this tomorrow ladies and gents....
Bill Gates, Paul Allen, Steve Jobs, Michael Dell, Mark Zuckerberg, Larry Ellison, Ralph Lauren, Walt Disney...should I go on?
I agree, it would be "comforting" to have experience, but not "necessary." Not by any means.
Our visionary is JB...good products/ideas advance themselves...until we're huge, what we need is someone that meshes well with JB's style and morals.
Very exciting. And lets not underestimate Pak-It. I just received my free sample pack and got a TON of cleaning materials in an extremely light-weight package.
I was shocked my how mature this business unit is...everything from the marketing material they included, to the instructions, to the packets themselves. AND, the cleaners were great!
Why ship water?...genius!
Professor in Management, Microeconomics, Macroeconomics, and Biology as well.
His smarts, in combination with his work ethic (pretty clear from his degrees, certifications, etc.) and his insights into long-term planning and visions (as indicated by his work with SEMHAC), I think he's a great pick!
I.V. equipment dots the landscape of countless movies and TV shows like E.R., House, and Grey’s Anatomy, so it’s no suprise that the ubiquitous little baggies account for a sizeable chunk of plastic medical waste from U.S. hospitals. Now a company called Hospira, Inc. has come up with a new kind of I.V. container that could cut about 20 million pounds of that waste annually.
20 million pounds annually in JUST I.V. bags! Has anyone found any stats on the total plastic waste? I can't imagine the potential here.
And remember, we'll take the plastic for free (or even pay them)...something VERY attractive. A vendor has turned into a customer for an industry having huge financial problems.
I am somewhat knowledgable about this via my family's occupations and I know there are several ways of sterilizing medical plastics, materials, and equipment.....and its not all heat.
Here's an article, AMONG THE MANY MANY THAT I FOUND, surrounding this.
http://www.patentstorm.us/patents/5014494/description.html
Believe me, if anyone can come up with the correct concoction, its JB.
Don't use the word landfill around shorters of our stock. You just might see something that they don't want you too (but I am sure you have): plastic. A lot of plastic. To be specifc, 80% of all plastic "recycled" in the United States ends up in landfill. Don't blame me - I didn't do it. Don't blame corporations - they can't recycle it. Don't blame the municipalities - they tried.
But, according to the short investors, they all get $0.20/lb?
No, they pay landfill $78/T for all the plastic they can't sell (80% of all plastic)
They do get $0.01 to $0.20/lb highly sorted, specific, no cross contamination, specific plastics without additives (less than 20% of all plastic recycled).
I don't want the $0.20/lb plastic. They can have that. I get the plastic (80% of all plastic) that they don't get paid for... and they pay $78/T to get rid of it.
A few notes about our processor:
1. We don't want sorted plastic. Our process enjoys mixed plastic.
2. We don't need clean plastic high grade PET plastic with no contamination - sell it.
3. If your load of plastic is contaminated (80% are AFTER sorting) then we'll take it.
Contamination is not only other plastics in "the mix" but also other plastics and additives to make many tough plastics.
80% of plastic ends up in landfill and dumps and a cost of $70/T or more, not including shipping. The EPA says so, the plastic recyclers know so, and a local visit to your dump proves it.
Less than 20% of the plastics in the US are resold in recycling because they aren’t contaminated/ no additives/ or cross contamination. Unfortunately, 80% of plastic is a problem and to the landfill it goes.
Unfortunately, 80% of the post industrial and consumer plastic in the United States cannot be sorted and is contaminated with other plastics which render the entire load worthless. You cannot get $0.20/lb for HDPE if it contains contaminates, other plastics, other compounds to alter its properties. Plastic recycling facilities often receive loads of plastic that are PET, or HDPE but are cross contaminated with some other fraction of plastic or contaminate. These cannot be sorted and are sent to landfill. Please see the EPA statistics for plastic recycled in the United States.
It’s sad to see people shorting the stock producing poor math and misinformation.
“If they spend the time and money to sort the plastic, why wouldn't they just sell it to a recycler and pocket money rather than all the fuss with P2O processor IMO?”
If municipalities and corporations could do this then they would. They can’t. They hope to isolate PET and some other substances that they can sell as a commodity. 80% of it cannot be sorted clean enough.
I had the pleasure of speaking to the owner of a very large plastic recycling facility in Georgia. I am going to call him tomorrow to get very specific numbers but here is what I was able to determine:
16% of his gross costs is transporting plastic.
20% of the plastic he does collect is exported to China
A significant portion of their plastic is sent to landfill when it is cross contaminated with other types of plastic. ie: PET load with some HDPE. They pay those fees.
Even if the load is well sorted (ie: PET), if it contains any HDPE then the entire load is worthless.
He called because he would like to take all the plastic he is diverting to landfill and process with our P2O machine and produce fuel for his 110 trucks.
Other misinformation:
“And much of the hard-to-dispose-of plastic still would have to be disposed outside the JBII P2O idea.”
This is untrue. We process the majority whereas plastic recyclers are sending 80%+ to landfill.
“here's HDPE and LDPE links to get a ballpark idea what buyers will pay for plastic per pound:”
Yes, highly sorted, only one type of plastic with absolutely no contaminates, cleaned, and no additives in the original plastic to alter its properties. Unfortunately, most plastics don’t fit this bill and make up 80% of the plastic in the US.
“Looks to me like there are several buyers in the 20 cent per pound range for recycled plastic. Some offering to pay more.”
We take the 80% of the plastic that is not 80 cents per pound. Our plastic is currently costing the municipalities and recyclers $70+ per ton to dispose of in landfill. They can have the ultra high quality plastic for $0.20/lb.
“JBII's P2O would be using about 160 kg plastic per barrel of liquid fuel produced I believe.”
This is a great approximation. Let’s work out how much it costs/barrel:
$-0.01/lb cost - (80% of plastic does not meet the high grade for sale, it mut be landfilled)
So about 350 pounds of plastic could be sold to JBI for -$3.50/lb (yes, they pay us).
Now let’s do the math on the cost per barrel:
They pay us 1 cent/lb x 350 lb = $-3.50 / barrel received for recycling.
“Why would a muni landfill potential go thru all that mess of P2O to get $70/barrel roughly when they could just sell it in plastic form to a recycler for about the same price and save on a ton of expenses associated with P2O?”
Well, if they could sell it then I believe they would. They can’t 80% of all plastic ends up in landfill. Don’t believe me? Don’t believe the EPA? Visit a dump.
“China companies could order a couple packets of the catalyst
do some simple chemical analysis and go directly to the company making the processors and do what they want with P2O IMO without much problem from JBII.”
Upper line: Our plastic, free or paid to accept.
Lower line: Plastic for $0.20/lb or less.
I don't mind taking the plastic between the bottom and top line.
I'm not sure what the heating specs are with P20, but they aren't that entirely high for the EPA and hosptials reusing medical equipment.
If nothing else, a partnership with sterlization companies would eliminate your concern...or just sell processors to them!
Hospitals and clinics in the United States generate 600,000 to one million tons of waste each year, and as much as 15 percent of it poses a potential infection hazard, according to the Environmental Protection Agency. For many years, most hospitals either incinerated contaminated syringes, needles, paper, plastic, glass, fabric, and human tissues on-site, or sent them to incinerators off their grounds to ensure that all pathogens were destroyed.
Regulations for medical waste incinerator emissions that were required by the Clean Air Act of 1990—but passed only three years ago—have changed the economics of this practice. U.S. hospitals must now retrofit their incinerators with costly scrubbers that remove or neutralize dioxins, furans, hydrogen chloride, sulfur dioxide, nitrogen oxide, and the heavy metals lead, cadmium, and mercury to meet those regulations.
Many hospitals and medical centers have found it more economical to replace their on-site incinerators with alternative waste treatment technologies, primarily microwave systems or steam autoclaves, or send waste to treatment companies that are equipped with disinfection technologies.
GENIUS!
A very quick google search on medical waste plastic shows it to be a HUGE issue and might alleviate some of the huge costs hospitals have:
gec.jp/gec/en/Activities/EST/2009/wasteplatics/T5_Kawabata.pdf
Wasn't Javaco acquired in large part b/c of its relationship/presence in Mexico City - where there is a TON of plastic to be had?
Let's not doubt JBs new COO quite yet...you don't get a degree in Medicine and be a professor in biology with no knowlege of science (P20).
So quit drawing such absurd, vacuous opinions before doing a little forethought. First people are ripping JB b/c they can't find any connection with MIT. Now we bring on a guy that has been at U. of Chicago, Michigan State, Cambridge, and Oxford U. and he's a complete idiot.
We'll plug your holes you shorters.
P.S. Good point about the grants...and this also provides us some medical insights IF John ever decides to...let's say...find a cure for cancer???? Who knows what those NASA tapes show????!!!!
Would you have invested in Facebook based on the fact that it was a college project? I would have, in hindsight. Don't assume...
In due time slugger.
JB's just chasing off the pretenders so that selling can feel that much worse when we go on our next 30%+ run. It's a trend that nobody can deny.
And, as he stated, we can't do much on the OTC at a $6 PPS. Investors here don't see any short-term upside anymore. But when we uplist (and then begin making $$$'s off of P20), it's a whole new ballgame.
I like uplisting multiple times, but if that's not possible, I think NASDAQ would be better than AMEX due to its "techy" nature and investors.
Look for a very hot open with a mid-day high of around 7.2.
I think we'll retrace some to close the day, however, finishing up around 6.8ish - up roughly 10% on the day.
JB has mentioned in the past that the AMEX is just a pit stop until we make it to greener pastures. From a PPS perspective, I like the idea because you realize multiple uplist bumps.
From a company standpoint, NASDAQ might be better, but NYSE would be better, IMO, from a volume standpoint. We may make stops at all three in the next year.
BUY BUY BUY!
Anyone that honestly needs to see proof/justification as to why a company spent $4,800 has problems.
Please short JBII and come back in 2 weeks to apologize. I think it's unjust and and immoral to try to talk down a company and a person's hard work.
I think from this point forwar, we don't ask JB for this crap. He has bigger things to deal with...all that will make us (individually) far more that $4,800...unless you're shorting.
Very uneventful day in the life of a JBII investor - 4.5% gain.
Look at the bright side, we do that for 8.5 more days and we're at $10/share...and $20/share in less than a month!
That's assuming no news and very average daily gains. If you consider a normal 30% gain in there after a PR, we'll be at $20 much sooner!!!!
We're on the dip right now. Lowest $/share you'll see, IMO, going forward.
Let's bookmark this post and see what we're maintaining in mid-February. I'd say the only $6 we will be discussing is the beers we will be drinking in Niagara Falls for the shareholders meeting!
Not sure why this trend wouldn't continue.
It's not coincidence PR's are staggard like they are. Get rid of the shorters/short-term investors....make it "affordable and atrractive" for new investors....release a PR....WEEEEEEEEEE.
I call JB (and his 170IQ/hatred for shorters) will be interviewed by Barbara Walters next December for Top 10 people of the year after cleaning up the Pacific Garbage Patch and being one of the first people to support and execute green technologies.
Here we go folks: Validation, AMEX, first profits from P20 processors, ship outfitted with P20, new sites solds outside of the 45 already purchased.
Run-dip-lull-PR-run
We've seen this many times before with JBII: 40% run -> 20% consolidation -> 24 hour lull -> PR -> 40%+ run...
Time to buy before it's too late people!!!! I'm maxed out, until another lull :)