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Yeah, that definitely is the saddest part for sure.
It appears I was right... There kinda was no CEO to do a PR regarding the stock price drop LOLOLOL, or was that there was a price drop because, as I suspected, the CEO quit. It just gets too confusing to follow sometimes
Doom cometh.
LOLOL. I just got home and saw the filing the PR!
I was right for once. Unfortunately, or not unfortunately.
Who knows.
Too funny.
No point in selling now.
Now off to earn a few dollars to stock up on Meow Mix for the future years
Terminal as in this CEO is able to get 3 machines running with the help of or despite the team he has or JBII is likely toast as a company. I just cant see this saga lasting too much longer as is.
I think the company ceases to exist before the end of the summer if the CEO quit. Hopefully I am way wrong and may well be, but that is my guess.
If we do not hear anything from the company today, my guess is that there is no CEO to decide a communication is necessary.
I will be eating meow mix in my retirement. If we do not hear from the company tomorrow I suspect its terminal.
com home to find we moved 700k shares and dropped 40% but no news? How can that be?
I wonder if the CEO resigned? What else could cause it to drop that much?
There just might be some truth there on that one. It will be interesting to see if there even is an annual shareholder meeting this summer.
Looks like fiddy cents is here. Bummer.
Are we completely cooked or is this just the long wait to see if the company can get 3 machines running?
I hope we can survive what appears to be very financially bad times.
Stocker et al: I have seen a post or two to processor 1 possibly benefitting from HTF or otherwise being fixed. However, I thought I saw in my skim of the 10K that processor 1 was not worth additional revamping and that it was going to run at a lower rate than processor 2. Did I misread or misremember something?
Not pleasant to see, but not surprising.
Yes, are right. Uptime is an important subject and I hope they have the courage to answer that question for processor #2. I do not recall that information being put out to the shareholders. Do we even know specifically and clearly whether processor 2 can run 10 days per month without problem or 20 days?
It would seem to me that, at this point, JBI should be able to give some range of monthly uptime for the technology as it currently stands and that the shareholders deserve this information.
That will probably be said.
IMO, The real honesty tester on this specific subject for the CC will be if leadership actually tells the shareholders a percentage figure for exactly how much slower processor 1 runs (feedrate and fuel output) in relation to processor 2.
Is it 70%? 50%? 20%?
Shareholders have a right to know.
I could see how those on the winning side of JBI stock for 3 years might read it as a bit dramatic.
Maybe by Q4
How the CC is executed alone will tell a great deal about how hopeful or bleak the months ahead will be.
Will real leadership and honesty show through?
Will submitted questions actually get answered directly and clearly?
Will questions that cant be answered for legitimate reasons get acknowledged and explained as such?
Will the company actually discuss nuts and bolts or just stick to the theoretical and dreamy fluff?
We shall see. For better or worse.
Is this company a great light that got lost in the darkness and is slowly emerging or is JBI the darkness itself?
I hope this CC provides some real evidence as to which is the truth.
$393,000
Correct.
From what I can tell, it looks like #2 can generate approximately $1 million per year in revenue. Is that rev/processor enough for the company to make it?
I have no clue whether the company is sustainable in the long term. Not enough information or progress from the company to really know at this point. ime will tell.
As for the boat I am in with regard to JBI, there is no point in selling.
I will wait til the bitter end and see if it is a smaller hole or a bigger hole.
On question for anybody regarding the 10K. Did it say anywhere just how much lower the feed/production rate is for processor 1?
Do we know whether it runs at 70% the output of processor 2 or 20%?
Thanks for the heads up. Watching it now
Yes. based on the performance and all the challenges that appear to remain, the conferences are worthless and I am sure there are other things that can be cut. Seriously, what is JB going to talk about? We have a technology that we have made two commerical processors from. 1 process has serious feed rate problems and always will. The other, the better one, cant run with an uptime that allows us to move forward with our plans.
One rerally does have to wonder whether JBI does really need a COO. I have not fully read the 10K monstrosity but it appears the 3rd machine at NF will only be up and running sometime this year. So, even if they do get the third one running by the end of 2013, this means the first RKT site likely would not be up and running for a year beyond that...end of 2014. and a multi site rollout not til 2015 sometime if the company makes it that long. So does the company really need a COO prior to late 2014 under such a scenario?
Well, sadly based on the failures of the company over the last quarter, this sell off did not surprise me when I got in this evening. While I have never met him, I still hope the CEO can turn the ship around.
One thing is for sure, if the company fails, I will be eating catfood when I retire. And today it looks like I am a bit closer to Meow Mix. Sad but true.
Certainly to do the first RKT site and fail would be the end of the company. So I agree with you, nothing should happen in FLA until the company is sure of its survival.
And why the hell JB is getting a trip to sunny FLA to talk at a conference while the company's technology is floundering about the way it is is beyond me.
So what was the P2O revenue for the quarter?
Based on my skim, they are only stating at this time that the 3rd processor will be functional sometime in 2013, not committing to any specific quarter. Is that what you saw?
Well, when is the last time a filing exceeded expectation?
Thanks for the post. I hope you are well.
I would say one thing with regard to the possibility of dilution into oblivion. They have clearly worked hard to become a B Corp, the key message of Institute B. Along these lines, it will be interesting to see if they apply such admirable principles to how they treat the shareholders who have believed in and invested in this company for years, waiting for them to bring a very important technology for our future to market.
Still sitting on some shares of this puppy. I assume you are still feeling solid about the company making it?
Has the comapny stated anywhere publicly that 2 machines are up and operational?
Even if this move slowly the entire year, which would not shock mne at all, I would think they should be able to get the 3 machines up and running consistently by the end of the year. And if they can do that, I suspect the company will more than likely survive.
Never been there.
Based on last progress update from company, it is clear that 2 processors were not running together in any even semi-consistent manner as of the end of the year. I hope they are running together regularly now, but will assume they are not until the company actually says this is occurrung via a PR or filing.
Thanks Raw. I hope JBI can put a quarter together sometime this year that actually takes all the air out of such fairy tales for good.
I look forward to a day when JBI can actually get 2 processors up and running at a level where they actually leave them up and running to make money for a quarter.
Exactly how is revenue of approximately $400K going to prove that?
If the patent application failure was final and over, and the result of the final rejection was so detrimental, wouldnt the company have to announce it?
Based on the operational update, there is absolutely no reason to believe 2 processors are running and producing for Q1. They clearly are 1)still conducting research and 2) clearly dont have uptime to a place they want. Both of these suggest that two processors will not be running regularly this Q. Another Q of the same ole same ole.