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The OSC offers an RSS feed for notifications. Since there is an investigation going on this week of JBI, you might want to sign up:
http://www.osc.gov.on.ca/en/rss__index.htm
The SEC also offers this service as well:
http://www.sec.gov/litigation/litreleases.shtml
How long after shares come off restriction until shareholders can trade? I'm sure there is a process. Wow - another 1.2 million shares off restriction in the past week!
RED10Q DUE OUT MAY 10th
OVER A MILLION SHARES OFF RESTRICTION - SINCE LAST WEEK!
1,124,286 more shares off restriction last week! The issuances reflected in today's Form 4's have not been added to the OS yet (99,465)
Apr 23, 2012:
OS: 73,049,709
Restricted: 29,137,033
(Float: 43,912,676)
Apr 16, 2012:
OS: 73,049,709
Restricted: 30,261,319
(Float: 42,788,390)
Mar 30, 2012:
OS: 73,049,709
Restricted: 30,517,860
(Float: 42,531,849)
Mar 23, 2012:
OS: 73,049,709
Restricted: 31,857,058
(Float: 41,192,651)
Mar 16, 2012:
OS: 73,049,709
Restricted: 32,129,823
(Float: 40,919,886)
Mar 9, 2012:
OS: 73,049,709
Restricted: 34,481,893
(Float: 38,567,816)
Feb 28, 2012:
OS: 73,049,709
Restricted: 34,680,684
(Float: 38,369,025)
Feb 23, 2012:
OS: 73,049,709
Restricted: 34,730,684
(Float: 38,319,025)
Feb 15, 2012:
OS: 73,049,709
Restricted: 34,752,684
(Float: 38,297,025)
Feb 7, 2012:
OS: 72,547,602
Restricted: 34,973,889
(Float: 37,573,713)
Feb 3, 2012:
OS: 72,547,602
Restricted: 35,003,889
(Float: 37,543,713)
Jan 25, 2012:
OS: 72,039,169
Restricted: 34,613,706
(Float: 37,425,463)
Jan 18, 2012:
OS: 72,039,169
Restricted: 35,076,911
(Float: 36,962,258)
Jan 9, 2012:
OS: 68,615,380
Restricted: 31,653,122
(Float: 36,962,258)
Jan 5, 2012:
OS: 68,615,380
Restricted: 31,665,622
(Float: 36,949,758)
Dec 29, 2011:
OS: 68,615,380
Restricted: 31,665,622
(Float: 36,949,758)
Dec 21, 2011:
OS: 68,615,380
Restricted: 31,665,622
(Float: 36,949,758)
Dec 15, 2011:
OS: 68,398,174
Restricted: 31,448,416
(Float: 36,949,758)
Dec 12, 2011:
OS: 68,398,174
Restricted: 31,468,416
(Float: 36,929,758)
Dec 6, 2011:
OS: 67,848,174
Restricted: 31,082,416
(Float: 36,765,758)
Dec 2, 2011:
OS: 70,848,174
Restricted: 34,082,416
(Float: 36,765,758)
Nov 29, 2011:
OS: 70,848,174
Restricted: 34,228,130
(Float: 36,620,044)
Nov 22, 2011:
OS: 70,773,174
Restricted: 34,215,611
(Float: 36,557,563)
Nov 18, 2011:
OS: 70,773,174
Restricted: 34,537,911
(Float: 36,235,263)
Nov 15, 2011:
OS: 70,773,174
Restricted: 34,914,697
(Float: 35,858,477)
Nov 14, 2011:
OS: 69,374,602
Restricted: 33,516,125
(Float: 35,858,477)
Nov 8, 2011:
OS: 68,716,619
Restricted: 32,889,877
(Float: 35,826,742)
Oct 28, 2011:
OS: 68,691,329
Restricted: 32,864,587
(Float: 35,826,742)
Oct 25, 2011:
OS: 68,691,329
Restricted: 32,864,587
(Float: 35,826,742)
Oct 20, 2011:
OS: 68,691,329
Restricted: 32,884,587
(Float: 35,806,742)
Oct 18, 2011:
OS: 68,667,320
Restricted: 32,885,578
(Float: 35,781,742)
Oct 11, 2011:
OS: 68,667,320
Restricted: 32,891,828
(Float: 35,775,492)
Oct 4, 2011:
OS: 68,448,271
Restricted: 32,822,779
(Float: 35,625,492)
Sep 27, 2011:
OS: 68,428,827
Restricted: 32,813,335
(Float: 35,615,492)
Sep 22, 2011:
OS: 67,939,184
Restricted: 32,338,692
(Float: 35,600,492)
Sep 16, 2011:
OS: 67,939,184
Restricted: 32,338,692
(Float: 35,600,492)
Sep 14, 2011:
OS: 67,939,184
Restricted: 32,388,680
(Float: 35,550,504)
Sep 13, 2011:
OS: 67,899,184
Restricted: 32,348,680
(Float: 35,550,504)
Sep 7, 2011:
OS: 67,899,184
Restricted: 32,348,680
(Float: 35,550,504)
Sep 2, 2011:
OS: 67,899,184
Restricted: 32,348,680
(Float: 35,550,504)
August 30, 2011:
OS: 67,899,184
Restricted: 32,393,680
(Float: 35,505,504)
August 25, 2011:
OS: 67,824,184
Restricted: 32,318,680
(Float: 35,505,504)
August 23, 2011:
OS: 67,824,184
Restricted: 32,425,385
(Float: 35,398,799)
August 18, 2011:
OS: 67,681,327
Restricted: 32,282,528
(Float: 35,398,799)
August 15, 2011:
OS: 67,621,327
Restricted: 32,222,528
(Float: 35,398,799)
August 12, 2011:
OS: 67,621,327
Restricted: 32,222,528
(Float: 35,398,799)
August 9, 2011:
OS: 67,621,327
Restricted: 32,242,528
(Float: 35,378,799)
August 5, 2011:
OS: 67,621,327
Restricted: 32,242,528
(Float: 35,378,799)
August 3, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
August 1, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
July 29, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
July 21, 2011:
OS: 66,392,470
Restricted: 31,470,171
(Float: 34,922,299)
July 19, 2011:
OS: 66,392,470
Restricted: 31,510,171
(Float: 34,882,299)
July 15, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
July 13, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
July 11, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
July 7, 2011:
OS: 57,921,953
Restricted: 23,186,904
(Float: 34,735,049)
June 27, 2011:
OS: 57,654,982
Restricted: 22,962,012
(Float: 34,692,970)
June 23, 2011:
OS: 57,444,982
Restricted: 22,752,012
(Float: 34,692,970)
June 16, 2011:
OS: 55,384,840
Restricted: 20,789,374
(Float: 34,595,466)
June 9, 2011:
OS: 55,179,533
Restricted: 20,632,817
(Float: 34,546,716)
June 3, 2011:
OS: 55,179,533
Restricted: 20,670,317
(Float: 34,509,216)
May 27, 2011:
OS: 55,179,533
Restricted: 20,670,317
(Float: 34,509,216)
May 26, 2011:
OS: 55,179,533
Restricted: 20,720,317
(Float: 34,459,216)
May 19, 2011:
OS: 55,179,533
Restricted: 21,211,542
(Float: 33,967,991)
May 11, 2011:
OS: 54,840,247
Restricted: 21,361,256
(Float: 33,478,991)
May 9, 2011:
OS: 54,840,247
Restricted: 21,361,256
(Float: 33,478,991)
Apr 28, 2011:
OS: 54,840,247
Restricted: 21,451,256
(Float: 33,388,991)
Apr 25, 2011:
OS: 54,840,247
Restricted: 21,451,256
(Float: 33,388,991)
Apr 20, 2011:
OS: 54,840,247
Restricted: 21,451,256
(Float: 33,388,991)
Apr 13, 2011:
OS: 54,656,148
Restricted: 21,298,407
(Float: 33,357,741)
Apr 11, 2011:
OS: 54,656,148
Restricted: 21,298,407
(Float: 33,357,741)
Apr 8, 2011:
OS: 54,656,148
Restricted: 21,298,407
(Float: 33,357,741)
Apr 4, 2011:
OS: 54,611,184
Restricted: 21,265,943
(Float: 33,345,241)
Apr 1, 2011:
OS: 54,611,184
Restricted: 21,265,943
(Float: 33,345,241)
Mar 25, 2011:
OS: 54,611,184
Restricted: 21,304,693
(Float: 33,306,491)
Mar 16, 2011:
OS: 54,611,184
Restricted: 21,572,252
(Float: 33,038,932)
Mar 11, 2011:
OS: 54,370,260
Restricted: 21,331,328
(Float: 32,988,932)
Mar 4, 2011:
OS: 54,370,260
Restricted: 21,381,328
(Float: 32,988,932)
Feb 25, 2011:
OS: 53,995,260
Restricted: 21,006,328
(Float: 32,988,932)
Feb 16, 2011:
OS: 53,995,260
Restricted: 21,081,328
(Float: 32,913,932)
Feb 8, 2011:
OS: 53,995,260
Restricted: 21,081,328
(Float: 32,913,932)
Feb 2, 2011:
OS: 53,995,260
Restricted: 21,081,328
(Float: 32,913,932)
Jan 28, 2011:
OS: 53,895,260
Restricted: 20,981,328
(Float: 32,913,932)
Jan 19, 2011:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Jan 10, 2011:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Jan 3, 2011:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 22, 2010:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 17, 2010:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 16, 2010:
OS: 51,241,926
Restricted: 18,593,244
(Float: 32,648,682)
Dec 15, 2010:
OS: 51,241,926
Restricted: 18,933,244
(Float: 32,308,682)
Dec 9, 2010:
OS: 51,241,926
Restricted: 19,126,994
(Float: 32,114,932)
Dec 6, 2010:
OS: 51,241,926
Restricted: 19,126,994
(Float: 32,114,932)
Nov 24, 2010:
OS: 51,241,926
Restricted: 19,376,994
(Float: 31,864,932)
Nov 19, 2010:
OS: 51,241,926
Restricted: 19,653,557
(Float: 31,588,369)
Nov 16, 2010:
OS: 51,241,926
Restricted: 19,653,557
(Float: 31,588,369)
Nov 9, 2010:
OS: 51,246,926
Restricted: 19,658,557
(Float: 31,588,369)
Nov 3, 2010:
OS: 51,246,926
Restricted: 19,658,557
(Float: 31,588,369)
Oct 29, 2010:
OS: 51,246,926
Restricted: 19,658,557
(Float: 31,588,369)
Oct 20, 2010:
OS: 51,246,926
Restricted: 19,878,017
(Float: 31,368,909)
Oct 15, 2010:
OS: 51,246,926
Restricted: 20,103,017
(Float: 31,143,909)
Oct 12, 2010:
OS: 50,836,926
Restricted: 19,693,017
(Float: 31,143,909)
Sep 28, 2010:
OS: 51,036,926
Restricted: 20,006,817
(Float: 31,030,109)
Sep 22, 2010:
OS: 51,036,926
Restricted: 20,035,544
(Float: 31,001,382)
Sep 20, 2010:
OS: 51,036,926
Restricted: 20,065,544
(Float: 30,971,382)
Sep 17, 2010:
OS: 51,036,926
Restricted: 20,131,760
(Float: 30,905,166)
Sep 13, 2010:
OS: 51,036,926
Restricted: 20,161,760
(Float: 30,875,166)
Sep 7, 2010:
OS: 51,036,926
Restricted: 20,314,894
(Float: 30,722,032)
Aug 31, 2010:
OS: 51,036,926
Restricted: 20,344,894
(Float: 30,692,032)
Aug 27, 2010:
OS: 51,036,926
Restricted: 20,344,894
(Float: 30,692,032)
Aug 23, 2010:
OS: 51,036,926
Restricted: 20,519,529
(Float: 30,517,397)
Aug 18, 2010:
OS: 51,036,926
Restricted: 21,310,104
(Float: 29,726,822)
Aug 5, 2010:
OS: 51,046,926
Restricted: 24,597,054
(Float: 26,449,872)
Aug 3, 2010:
OS: 51,046,926
Restricted: 25,081,951
(Float: 25,964,975)
July 28, 2010 (3:27pm):
OS: 51,046,926
Restricted: 25,581,926
(Float: 25,465,000)
July 28, 2010 (12:05pm):
OS: 51,046,926
Restricted: 25,644,426
(Float: 25,402,500)
July 23, 2010:
OS: 51,046,926
Restricted: 27,486,926
(Float: 23,560,000)
July 19, 2010:
OS: 50,657,229
Restricted: 27,097,229
(Float: 23,560,000)
June 25, 2010:
OS: 50,158,450
Restricted: 26,598,450
(Float: 23,560,000)
May 10, 2010:
OS: 50,158,450
Restricted: 26,708,450
(Float: 23,450,000)
Apr 26, 2010:
OS: 50,118,450
Restricted: 26,668,450
(Float: 23,450,000)
Apr 13, 2010:
OS: 50,114,700
Restricted: 26,664,700
(Float: 23,450,000)
Mar 3, 2010:
OS: 50,102,200
Restricted: 26,652,200
(Float: 23,450,000)
Mar 2, 2010:
OS: 71,102,200
Restricted: 47,652,200
(Float: 23,450,000)
Feb 17, 2010:
OS: 69,309,700
Restricted: 45,859,700
(Float: 23,450,000)
(Source: PACIFIC STOCK TRANSFER COMPANY - Tel: (702) 361-3033)
See also:
Mar 3, 2010: 21,000,000 shares were returned to the Company and retired by CEO John Bordynuik
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm
Jan 27, 2010: JBII OS is 68,701,056
http://www.sec.gov/Archives/edgar/data/1381105/000121390010000306/f8k062509a2_jbi.htm
Dec ?, 2009: 9,970,000 shares were returned to the Company by CEO John Bordynuik and retired; He also returned 30,000 shares to the Company in exchange for 1 million shares of JBII Series A Super Voting Preferred Stock
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm
Nov 16, 2009: JBII OS is 58,725,106
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003274/f10q0909_jbi.htm
Nov 6, 2009: JBII OS is 58,100,106.
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003050/pre14c_jbi.htm
June 30, 2009: JBII OS is 53,790,513
http://www.sec.gov/Archives/edgar/data/1381105/000121390009002176/f10q0609_310.htm
May 20, 2009: JBII OS is 63,700,000
http://www.sec.gov/Archives/edgar/data/1381105/000118518509000498/holding310-10q33109.htm
Apr 24, 2009: John Bordynuik purchases 40,250,000 shares of 310 Holdings common stock (TRTN) from former CEO Nicole Wright for $80,000 (representing 63% of the OS). 310 Holdings (TRTN) is eventually renamed JBII.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010001230/f10k2009_jbi.htm
Mar 31, 2009: TRTN OS is 63,700,000.
http://www.sec.gov/Archives/edgar/data/1381105/000118518509000231/holdings310_10-k123108.htm
Bagai and Wesson aren't employees. JBI doesn't have an employee stock compensation plant that I'm aware of.
1. Represents shares issued to the reporting person as 50% of total compensation for services as a non-employee director of the Company in 2011. As previously reported by the Company, in August 2011, the board approved a total annual award equal to a number of shares valued at $35,000 issuable in two tranches. The Shares reported represent the second tranche and were calculated using a closing price of $2.38 on December 30, 2011 (i.e. $17,500/$2.38).
http://www.sec.gov/Archives/edgar/data/1381105/000121390012000213/xslF345X03/f4011712bagai_jbi.xml
It there a time line the SEC follows for the response to the answer by JBI?
Case Number 1:12-cv-10012-MLW Securities and Exchange Commission v. JBI, Inc. et al
Mark L. Wolf, presiding
Date filed: 01/04/2012
Date of last filing: 04/05/2012
Associated Cases
Related Cases
1:12-cv-10495-MLW Grampp v. Bordynuik et al
Start Date
03/16/2012
1:12-cv-10495-MLW Grampp v. Bordynuik et al
Mark L. Wolf, presiding
Date filed: 03/16/2012
Date of last filing: 03/16/2012
https://ecf.mad.uscourts.gov/cgi-bin/iquery.pl
10Q Due May 10th
From the inspection report:
Date of Inspection: February 24, 2012
Item 10: Pyrolysis Process Unit No.1 was operational while Pyrolysis Process Units No.2 and No.3 were under construction.
https://viewer.zoho.com/docs/pcicbV
From the 10K
As of March 13, 2012, we have two fully-permitted and operational P2O processors at our Niagara Falls facility. On March 16, 2012 the NYSDEC conducted a thorough solid waste site inspection as well as reviewing waste plastics being fed into our processors. A report was issued on the same day indicating that the Niagara Falls site was in full compliance with NYSDEC Solid Waste 360 Permit Requirements.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
I think the use of the word became more pervasive after posts starting with "Are you nuts?!" were removed as personal attacks.
Ontario Securities Commission(OSC) summons meetings start tomorrow in Niagara Falls(the weather is supposed to be horrid!)
Anyone going to hang out and see who shows up?
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 - it's in 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.
2009 legacy irrelevant bullshit that IS NOT STOPPING AND WILL NOT STOP JBII while it makes and ships tanker after tanker after tanker of P2O fuel made from industrial sources of polyolefins that are FREE and turning them into highly valuable fuel from a self-energized automated monster that they just need to FEED and out spews cash.
We've been over this with how many CIVIL legal battles that JBII came out of smelling like roses?
How many now?
#2 wasn't operational when the DEC solid waste report was done. The report said #2 was "under construction". The report was dated February 24th. It was posted last week. The website says 2/27 for #2. Not sure if it was tested or tweaked yet.
10Q is due out May 10th. Revenues will reveal what was going on.
The purported OSC summons meetings start tomorrow in Ontario. Do you think they'll ask about the processors?
Is Bullshit an accepted word on ihub?
Credibility is earned. Gas Chromatography Equipment isn't 20K. Google it. If JBI paid 20K for that equipment in 2009, they got taken. It's in the filings.
The NPR article clearly said this right above the picture:
JBI executive Bob Molodynia points to a spout at the other end of the plastic-eating machine, where a thin, brown liquid drips out.
"You could tap this right now and this is ready to go," he says. "That's a No. 6 fuel. That's what a lot of [companies] like U.S. Steel use, a lot of major companies — that's what they pay the big bucks for, right there."
That's what the general, investing public sees. Bordypoo.
You can't search back on the boards easily either as a free member.
Once again you've lost credibility...
you can't even search back on the board to find real answers
Disgorgement and fines should take take of the remaining equity, inventory and equipment. You might want to contact the SEC and OSC.
From 10K filings - Shareholder Equity
Total Equity 2009: $22,946,908
Restated 2009 $11,138,200 Less media credits
Total Equity 2010: $5,033,380 Less 2 subsidiaries
Total Equity 2011: $2,111,612 Ouch
"Now, less than 10 million shares later we have over $5 million in shareholder equity (minus stock sub. liabilities)"
Yep, pretty impressive all right. Turned a little less than $40 million in shareholder money into a little more than $5 million in Shareholder Equity.
Not too shabby at all. Real braggin' material.
JBI CEO John Bordynuik holds a jar of No. 6 fuel oil, derived from discarded plastic like that seen on a conveyor belt at his plant.
Enlarge Daniel Robison/WNED
JBI CEO John Bordynuik holds a jar of No. 6 fuel oil, derived from discarded plastic like that seen on a conveyor belt at his plant.
Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country's dependence on foreign oil at the same time.
It all starts with a machine known as the Plastic-Eating Monster. Thousands of pounds of shredded milk jugs, water bottles and grocery bags tumble into a large tank, where they're melted together and vaporized. This waste comes from landfills and dumps from all over the United States.
"Basically, they've been mining their piles for us and sending them here," says John Bordynuik, who heads his namesake company, JBI Inc. He invented a process that converts plastic into oil by rearranging its hydrocarbon chains.
Vying For Mainstream Acceptance
According to tests by the New York Department of Environmental Conservation, JBI's patented technology is efficient, with close to 90 percent of plastics coming out as fuel. Bordynuik says that makes the case for this kind of recycling to go mainstream.
"When there have been attempts in the past to make fuel from plastic, it's been low-quality, low-flashpoint, kind of sludgy," he says. "In this case here, we're making a very highly refined, consistent product that's within specifications of any standardized fuel."
JBI executive Bob Molodynia points to a spout at the other end of the plastic-eating machine, where a thin, brown liquid drips out.
"You could tap this right now and this is ready to go," he says. "That's a No. 6 fuel. That's what a lot of [companies] like U.S. Steel use, a lot of major companies — that's what they pay the big bucks for, right there."
After being delivered to JBI's Plastic2Oil facility, shredded plastic is melted down in a large tank before being vaporized and formed into fuel. John Bordynuik releases some of the substance to check for quality.
Enlarge Daniel Robison/WNED
After being delivered to JBI's Plastic2Oil facility, shredded plastic is melted down in a large tank before being vaporized and formed into fuel. John Bordynuik releases some of the substance to check for quality.
Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day. It has signed lucrative deals to set up operations next to companies with large volumes of plastic waste.
But in its rush to grow, JBI has been accused by the Securities and Exchange Commission of overvaluing some of its assets in order to raise more funds.
The Stigma Of An 'Alternative Fuel' Label
And Bordynuik says it has been hard to find acceptance from potential oil buyers because JBI's product has been dubbed a "green fuel."
"We don't make a synthetic 'other' product that has problems," he says. "We make an in-spec fuel like everyone else. If anything, the word 'alternative' has a stigma attached to it, more so because of prior attempts."
If JBI has its way, plastics will become a significant source of domestic fuel that reduces the U.S. dependence on foreign oil. But just how "green" is JBI's recycling, when it produces a fossil fuel that pollutes just like any other?
"To enter themselves into this industry, I think that they've all bought into the idea of producing a fuel," says Carson Maxted of Resource Recycling, the plastic recycling industry's trade journal.
Maxted says he's not sure whether converting plastic to oil can be considered recycling, or even environmentally friendly. But he says JBI's methods can co-exist, and even complement, current recycling practices.
"They're getting value from something that would otherwise go to the landfill," he says, "because the plastics most of them are looking for, the plastics that are not easily recycled, they're of low quality or mixed-plastic types, or they're dirty — things that wouldn't be accepted into a recycler."
And because there's no lack of waste-plastic supply, and no lack of demand for oil, Maxted says the technology has the potential to transform both industries.
http://www.npr.org/2012/03/19/147506525/startup-converts-plastic-to-oil-and-finds-a-niche?ps=cprs
10Q DUE MAY 10th
Anybody can make plastic to fuel. Can they make a profit?
You're posts are positively psychedelic! How do you get all the different colors? Can you update us on the BNN high points?
4-27-11: JBII CEO on BNN 'The Pitch'. High Points:
. $587K/processor
. $2-3M RD costs
. Being innundated with requests to bolt down machines at high waste plastic feed sources
. Process is Green. Emissions less than a gas furnace.
. Filing prospectus with TSX next week
. Filing 5 patents on the process.
. Upgraded to an accounting firm that can file both Canadian and US.
. Agreements gone through legal with a large cardboard recycler that generates a huge amount of plastic. 30 Tons/day.
. Make spec fuel. Comes out of the machine that way. Directly to commodity price.
. Sales this week.
. Filling tankers now.
. Revenues Q2.
Is Bordynuik a fan? I wouldn't be surprised. Great songs for Zumba. Nothing like feeling light in my shorts! It's a party!
Are we setting the stage to have Bordynuik's personal laundry blowin' in the wind?
This should be fun eh?
It's fun to stay at the YMCA :)
Also why was it necessary to screen the shareholders attending the pre AGM party the night before to insure she would not attend. What did people know about her? As for "What kind of a man is he "..Someone who would never strike a women
Men are more easily governed through their vices than through their virtues.
Napoleon Bonaparte
Thanks Rawnoc. Did you email the OSC/ASC/SEC yet about your concerns? The ACC report was great. Thanks for posting it again.
Thanks for the information Rawnoc. You're a peach! That American Chemistry Report really opened my eyes. So JBI isn't the first?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74681134
http://plastics.americanchemistry.com/Plastics-to-Oil
http://www.plastic2x.com/
Since 2008, the Plastic Advanced
Recycling Corp. has had two systems in place at paper mills and the company claims the systems have
been a success. The mills avoid landfill fees, and the mixed-plastic product is a valuable resource. The
company hopes to replicate this success in the U.S. in the next two years."
It doesn't matter how slowly you type. Room temperature is not 90 degrees. The company website states it is a liquid at 90 degrees. Thus the goo is in a heated tank to keep it at 90 degrees or higher. In Niagara Falls it gets above 90 degrees only a few days a year if at all. Thus the heated tank to keep the JBI Special #6 above the viscosity of oatmeal. O A T M E A L. I'm sure you understand what this means.
I will type s l o w l y so that the relationship between nighttime ambient air temperature and the temperature of a storage tank within that environment being virtually the SAME can be understood.
What that means is that if it is 10 degrees outside, then the temperature of the tank will be close to 10 degrees. If you introduce a liquid at room temperature into said tank, which is located outdoors, then it stands to reason that anyone with 3 braincells can understand that the liquid within that tank cools down and as such it's viscosity becomes thicker. The thicker the stuff is, the harder it is to pump it. Now, if just by chance you have a tank with a heater on it, then you can maintain the room temperature at which the liquid started out at in the first place, which then makes it easier to pump out of the tank.
see, that wasn't that hard....
http://www.plastic2oil.com/site/fuel-specs
No. 6 Fuel
No. 6 Fuel is heavy fuel generally used in industrial boilers and ships.
No. 6 Fuel produced by the P2O process is the Company’s cleanest product when compared with existing industry standards, containing less than 16 ppm of sulphur in comparison with the maximum of 30,000 ppm allowable in mainstream No. 6 Fuels. Other No. 6 Fuel products are residue products of the refining process and are considered residue fuels, whereas JBI, Inc.’s No. 6 Fuel is a direct product of its P2O process, meaning it does not require further blending.
JBI, Inc.’s No. 6 Fuel is a clear brown liquid at temperatures of 90º F. It has been tested by major industrial users with positive results.
Wrong. Assisting the OSC.
https://viewer.zoho.com/docs/tTdadx
Bullshit. Sandra's letter very clearly says they are assisting the ASC, not the other way around. It does not say the ASC is assisting Brent.
Not sure why this was misconstrued. You can always contact the OSC, ASC or SEC with your concerns. The love to hear from concerned investors.
Ontario Securities Commission
http://www.osc.gov.on.ca/en/contactus_index.htm
US Securities & Exchange Commission
http://www.sec.gov/complaint/select.shtml
Alberta Securities Commission
http://www.albertasecurities.com/Pages/ContactUs.aspx
Citizen PARTICIPATION in bringing corruption to light is extremely important. The various security commissions can't be everywhere at once and can use your help in uncovering abuses. The JBII abuse story describes a global effort that extends its tentacles even to within the security commissions and quite possibly beyond. Remember, it's the squeaky wheel that gets greased first so don't hesitate to email, write, call and even make personal visits as often as possible in getting the message out. You might even try using a robo-call service. The various security commissions will be impressed by a collective effort. They love to hear from concerned investors.
If you drink a little burgundy along with the beer, you can sell the results as 80/87 avgas. After you run it through your secret catalyst of course.
from another board.
Why Wait? OSC & SEC both have forms you can send now.
Ontario Securities Commission
http://www.osc.gov.on.ca/en/contactus_index.htm
US Securities & Exchange Commission
http://www.sec.gov/complaint/select.shtml
Alberta Securities Commission
http://www.albertasecurities.com/Pages/ContactUs.aspx
BE CERTAIN TO CONTACT THE SEC & OSC FIRST THING MONDAY
Citizen PARTICIPATION in bringing corruption to light is extremely important. The various security commissions can't be everywhere at once and can use your help in uncovering abuses. The JBII abuse story describes a global effort that extends its tentacles even to within the security commissions and quite possibly beyond. Remember, it's the squeaky wheel that gets greased first so don't hesitate to email, write, call and even make personal visits as often as possible in getting the message out. You might even try using a robo-call service. The various security commissions will be impressed by a collective effort. They love to hear from concerned investors.
You mean the magic catalyst isn't important? I thought that's what made p2o so much better and so much more economical and profitable over all the other machines.
#6 Oil Storage Tank (heated)- 20,000 gal
https://viewer.zoho.com/docs/pcicbV
1)Why do they need a heated storage tank?
2)Can anyone find any mention of a catalyst?
3)What does it cost to ship 200,000# of plastic from Mississippi?
4)What does it cost to transport 762,000# of plastic from Canada?
10Q DUE MAY 10th
Shipping plastic from Mississippi to Canada isn't cheap. Far more than tipping fees. Who paid that freight?
When it's losing about 18 bucks a barrel based on this report and the last 10K it's worse than any of the competition. Didn't John Bordynuik say he could make his wonder juice for 10 cents? Can't remember if that was gallon or liter or what but 10 cents? Supposedly huge profits. The only financially viable plastic to oil monster on the planet. Guess we'll just have to wait another quarter or three.
WOW! Amazing what happens when John Bordynuik, Inc./JBI/Expedite2 shares get taken or reissued 250 to 1.
Thanks John/Lynn/Other family/close employee for the insight. What was the fight about that they drew blood! Was it in October 2008? Is there a police report? Was it about John taking her shares? John owing her money? John sleeping with another employee?
This is VERY inside information.
Lets clear this for once and for all .The company was given two choices by the police ..change the locks on the building and terminate her employment (the police stood by while a locksmith changed locks) or they would arrest her for assault ( She drew blood in her attack)They chose termination as the least damaging choice for her. There was no 3rd choice .
Was the catalyst even mentioned in the report? I didn't see any magic catalyst in the report. Just losses. They have to pay to have the gunk taken away from the heated #6 storage tank.
Since they didn't break out the 10K revenue I used 40% waste based on the 10Q for 9 months and added 34% to production to get the following:
Production 2816 barrels/118252 gallons
Revenue of $173,065.00 = $61.47/barrel or $1.46/gallon
Cost of sales for the P20 division from 10K
$222,992.00= $79.20/barrel or $1.89/gallon
Losing money.
Niagara Falls Facility Closure Cost Estimate
APPENDIX A
MI Inc. Niagara Falls Facility Closure Cost Estimate
Assumptions associated with the facility's closure process include the following:
1) At start of closure process the facility will have maximum permitted quantity of reactor feedstock (non hazardous solid waste) on site which is 400,000 lbs,
2) At start of closure facility will have 50,000 lbs of reactor residue (non hazardous solid waste) on site,
3) Product storage tanks (Light Naphtha — 11,000 gallons, #6 Oil — 20,000 gallons, West Diesel Oil — 12,198 gallons, and East Diesel Oil — 15,085 gallons) will be full of Naphtha product which will be sold,
4) No credit will be taken from sale of Naphtha product,
5) Disposal cost for non hazardous solid waste is $100/ton,
6) Generate 5,000 gallons of contaminated wastewater during equipment decontamination process,
7) Disposal cost for contaminated wastewater is $.50/gallon,
8) During closure process equipment and storage tanks will be decontaminated but no equipment will be removed from the site
OCR extract -
Professional Engineer (New York) Annual Inspection Report for JBI, Inc. Niagara Fails, New York Facility
This is a standard part of all of these types of reports. They are not closing - they just have to include this.
PDF File
https://viewer.zoho.com/docs/pcicbV
Gross Profit from P2O
For the year ended December 31, 2011, the P2O business generated revenues of $288,442 and incurred a cost of sales of $222,992. In 2010, the P2O business had not yet begun to produce commercially and had no revenues. P2O had a gross profit for 2011 of $65,450. As P2O had no operations in 2010, a year over year comparison differs significantly.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
For the nine month period ended September 30, 2011, revenues of P20 include fuel sales from the conversion of waste plastic at the Niagara Falls, New York facility of $132,957 and revenue from the sale of processed waste product (primarily paper fibre) of $88,696. These sales in the three month period then ended amounted to$85,477 for fuel and $55,075 for processed waste product. There were no similar sales during the comparable periods ended September 30, 2010.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011006335/f10q0911_jbi.htm
I hope she talks to the OSC. Might give us some clarification on the whole Expedite 2 thing and the John Borydnuik, Inc.(Ontario corporation) vs JBI(Ontario) vs John Bordynuik, Inc. (Delaware corporation) vs 310/TRTN/JBI and how come the shares went from 100,000 to 1,000,000 to 200,000,000. The the purchase of John Bordynuik, Inc.(Delaware?) by 310/TRTN.
Accelerated Filers:
* 10-Q: for Quarterly Period Ended 03/31/12 due Thursday, May 10, 2012
http://www.secfile.net/SEC_calendar.htm
Jan 4, 2012 the SEC filed a complaint for fraud.
http://www.sec.gov/litigation/complaints/2012/comp22220.pdf
Whats the deal here is this company or management under SEC investigation? TIA
10Q Due May 10. 20 days. Tic Toc
They filed an SEC 10Q and a 10K. Not a proforma The issue with your argument is that JBI filed a tangible asset at 10 million dollars. Twice. Knowingly. It wasn't a proforma.
And then restated it after they raised over 8 million dollars. Not on a proforma. On SEC filings. BIG DIFFERENCE.
But who doesn't make their pro formas as juicy as possible now days? I think the real question is what is someone's motive
for actually filing a complaint with the SEC... If someone thought P2O was a scam that didn't work, I feel like we'd see a different type of complaint.
Investopedia explains 'Pro Forma'
Pro forma financial statements could be designed to reflect a proposed change, such as a merger or acquisition, or to emphasize certain figures when a company issues an earnings announcement to the public.
Investors should be careful when reading a company's pro-forma financial statements, as the figures may not comply with generally accepted accounting principles (GAAP). In some cases, the pro-forma figures may differ greatly from the those derived from GAAP.
Read more: http://www.investopedia.com/terms/p/proforma.asp#ixzz1sXGZh8ui
REDDAGE
Almost forgot. 10Q out May 10th? Will JB be the new CFO?