is... a buy and hold investor of dividend US and Canadian stocks
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What a load of crap. All of those issues can be addressed by one simple concept... Planning. It is what I do an a daily basis. Reads like a litany of things that happen when no professional planning is done. All that means is that JBI is completely unprofessional.
15k in Gross Profit from P2O last quarter. And that is your "flagship"? hmmm... needs a bigger engine.
Just wanted to say congratulations to all OPTT Longs!! I had this one in my watch list for some time now. I like the concept and actually think it has a chance commercially. It is nice to see it get a real deal like this.
I don't normally buy unprofitable companies like this, but I want to get a piece of this. It looks a little expensive just now, usually when it spikes like this it immediately settles back down. Looks like I will wait for that.
There wer eno numbers that I could see in this deal. Just to keep it real, 2.5 megawatts is not much. Unless I am mistaken, a single nuclear powerplant produces almost 1000 MW.
But, it could grow to something.
I had no real reason other than it was eom. Jus thought that was what would be taking place if there was high volume. You must admit, it was contrary to the general wave pattern of the stock.
Unles... it is a SpingleFluke formation.
Yesterday you said that today would be a good day to buy. Was it? I think not. Seems to me that volume was high because some of these shorts or MMs had to buy to cover their positions.
Well, if that was the case, then what goes up must come down, right? So it is going to fall again next week? So today would have been a poor day to buy.
Am I right or am I right?
I have it in rough form on my computer at home. I need. A way of posting it. I have had urgent personal matters (taxes) that I have had to focus on, but I appreciate your interest and will try to get to it this weekend.
If anybody knows of any good hosting sites, please help me out.
Thanks.
What? Where?
read on. In my original post I do say the person was unnamed (Heddle?) Then I admit it was a guess in my next post. I did think that Rick was one of the whales and the one that was blocking the election of those BOD members, but that was guesswork, as Wess has pointed out.
Yes, you are correct. If I am remembering correctly, you said that one of the whales had blocked the adoption of your recommendations by Rauber and/ or Bogolin. Presumably they had some influence with that pair. However, you did not mention Rick Heddle by name.
I guess I assumed it was Heddle you were referring to. My bad.
I even admit my guesswork in my post... not my bad after all.
"were being blocked by a person unnamed (Heddle?), "
Otherwise referred to as the "power struggle for JBI".
Thanks for your input in clearing that up.
I seem to remember that Mr Wesson portrayed Heddle as the bad guy, representing the whales, that was blocking his (Wesson's) attempts to seat a quality board. I remember Wesson was providing great candidates to Rauber and Bogolin, that were being blocked by a person unnamed (Heddle?), who was representing the whales.
Bad timing to buy. The stock clearly is moving steadily in a wave pattern. Given that, it is clearly about to start another dip. In fact, today's trading might have been the start of it.
American Bulls says STAY IN CASH. Indicators say nothing in particular.
Funny, I thought the *volume* in early November simply coincided with the release of the last financial results. Been ramping down steadily ever since.
I guess I have a lot to learn.
"They" are not doing anything. The stock is moving in a wavy downward pattern, which is normal. It is the participants (traders and buy-and-holders abandoning the stock) causing the pattern. It will continue to go down to subpenny unless there is a miracle, or a huge change in their performance.
when I chose Mart I used the basic methodology I always use. I choose companies hat have the following criteria:
- PE < 8
- div yield > 4%
- 3-year rev growth > 5%
Mart came up. The chart gives it room to grow, seems like a bottom is at hand. Plus, that kind of dividend is hard to argue with. And it was a tough year overall for resources.
I think you are a bit too focussed on ST operational factors.
So you think they can just issue more shares? At what price?? No point having such an awesome share structure if the price is this low.
To how many decimal places should our guesses be? Are external links allowed for calculation? Are negative numbers allowed?
Not yet. I will post it. Not sure when. perhaps this weekend.
I think that what you are referring to as "cycles" and "resets' is simply a normal pattern of trading with JBI. I remember when I went to school I learned that there are 4 types of traders in a market:
- LT buy-and-hold
- ST Traders
- arbitragers
- ....... i forget.. LOL, what is the point??
anyway, what is happening with JBI is that there is a series of price drops followed by temporary retraces. All this is is ST Traders taking profit, then buying in again. This happens with every stock, and it does represent a slightly inefficient market.
Swing traders will attempt to make money off of this. Personally, I am no good at it. I rarely do it, but it works.
It is useful to remember this when trading. Yo have to know who you are, and what is happeing with buyouts, etc...
Typical pattern, no mystery. What we have today is a modest recovery.
He could use it for fabrication.... it is not a bad premise (that Heddle loaned JBI money with the intentionof getting the assets). Still money-losing... not something a smart entrepreneur would do..
nope that is 4 decimal places. and the math is still wrong.
"The manipulated stock price has absolutely nothing to do with the success of this JBI. "??
What? JBI is a miserable failure. They made a whopping 15k last quarter from P2O. How can you possible accept that as success? They need to do 10 times that, eliminate the SGA, just to make it economically viable.
Would you still say that *all is not as it seems*?
hmm. I do not do L2. So I would interpret that as Selling pressure, likely driving the price down..
is trading halted? No trades for an hour, and I checked via my brokerage. no bid, no ask showing..
"Very little correlation to facts, especially on the OTC."??
naw, that is the only thing in your post that is unrealistic. The OTC is a poor market, but it is a market. I don't own any OTC stocks. It is not necessary for me to do that and they just don't come up. I have no interest, that is all.
no one changes their guesses.
Reverse Split.. issue shares to get cash... stock falls back ... solvent!!!
I think we are all going to be wrong... it is going to happen much sooner... LOL.
No changing your bet once placed...
Billy Joel: "Just the Way You are"
http://www.dailymotion.com/video/x8p4j0_billy-joel-just-the-way-you-are-liv_music
I don't quite udnerstand the link between the market being rigged and shorting, but I love the comparison between the markets and gambling. I think there are lots of parallels, in fact scarily so.
I go to casinos to people-watch.I find it fascinating. The plains facts are, the odds are against you in almost all circumstances, and no amount of wit or intelligence will change that.
Exceptions are: counting (the casinos are onto that), some points during craps, and Poker. I believe that Poker is about the only game in the house where it si a matter of pure skill. And your acting ability.
The behavious is fascinating. Take roulette for example. There are no possitive odds on the board. None. The dealer will tell you that. There is no combination of placements that will yield positive odds, yet people play all night. Why? It is self-damaging behaviour. Yet peopel do it and say it is fun? Try bringing up the subject of losses with a patron at a casino, it is not fun.
The difference with the markets is that by using your noggin, you can actually have an advantage. By taking into account dividends, reading the paper every day, the business cycle, etc... but other than that, the same thrills at a price logic applies.
So why would one believe that as a penny stock gets close to subpenny, it is all due the a rigged market? Simple odds are that the lower a stock goes, the less the likelihood of it ever rising out of that hole without doing a life-saving Reverse Split. A stock price is the market's estimation of future earnings. So the lower it goes, the more manipulation there is, the MMs are trying to kill it or something?
Those are not the odds...
Well, you can think that way if you want. Remember, it is YOUR money. In a way, 4knp is correct when he/ she says not to fight the PROs. Don't fight the markets. ie, don't invest in the first place.
There is a lot wrong with the OTC, which may include market manipulation by retail investors or by MMs, and disingenuous CEOs. When you compare the markets in absolute terms, you will see that the major markets (the TSX and NYSE in the US) are far more "efficient" under the Efficient Markets Hypothesis, than the OTC. IN fact, the OTC is a wasteland.
So don't invest. And your blaming the MMs now will not help you. Every cent it goes down from now on will cost y ou over 10% of what you hold in JBI. It is your decision as to whether or not to hold. Believing that the stock price should be $5.00 and it is all the MM's fault, or Sandra Bullock for that matter, will only confuse you.
Yes, I am talking about process manufacturing. that is to say, anything involving liquids or powders as opposed to discrete components. If you are going to take the angle that P2O is somehow "different", go ahead. I tis not. and yes, most process manufacturing equipment is built outside and UP. There a myriad technologies, like wrapping piping in electrical cables, that manage the environment.
Take the Oil Sands for example. It gets to -50 C. That is just fine. Production continues. They heat the pipes, they heat the ground... cost goes up, that is all. They do NOT put equipment in buildings.
It is more costly to construct or manufacture in winter, and some things are just not possible, but generally, it is just something to be adapted to.
I would not doubt to some extent. Maybe 10% on the OTC? But the 98% fall in JBI... give your head a shake. And I would believe retail investors before market makers.
Thanks. Very informative. I always stick with big dividend payers for the long term. It usually works out for the better. I was happy with the financials when I looked at them. I think any resources company has had a tough year. What with metals prices falling....
GLTA
"company management is colluding with MMs "?? That is a new one. Everybody is bad then??
If the tech was legit, they would have made money long ago... years ago.
I would say that is fearmongering and attempting to move people into some kind of alternate reality. Basic market theory states that no one can manipulate the market, especially those that are heavily regulated.
Once again, can you provide any proof other than reading signals into trading *patterns*?
Yes most process plant is outside. It simply does not require a building. It is much cheaper that way. And space is at a premiium, so being built up and not being sprawling is important.
OK, but the larger the company, the more professional and safety-conscious the construction will be. Notice I did not say costly, but frankly, there is a cost to Safety. It starts with training, PPE, procedures, toolbox talks, all of that. There are also economies of scale, so the two tend to balance out.
And yes, I stand by my statement that it will be Unionized for the most part, which means higher labor costs.
My understanding with JBI to-date is that the P&E has been built by JB and staff with the help of the machine shop. That must change going forward and future plant will be more expensive when built on customer site.
It is your money. If you are happy, I am sure the highly-paid JBI executives in their nice homes are ecstatic.
Given the numbers at present, they cannot possibly sell a machine. That too is based on my experience in a company that makes money. They would have to increase Profit Margin from P2O by an Order of Magnitude to $170k/ quarter in order to have a hope of selling a machine to somebody.
Further, they must eliminate their SG&A totally in order to stay in business. Until that happens, there is not a prayer of them making money by making fuel.
My guess is that the promise of selling machines is simply a ploy to keep hopeful investors hoping.
But, obviously, some think it will all work out. Good Luck!!!
Even if they made a Sale this month, they are not going to get paid until they deliver the equipment. Margin on $1 Million of equipment may be $300k. Engineering services billed monthly. I don't think there are any up-front-fees in an equipment contract like this. Maybe a small amount. They will not get their $1 million on a $2 Million plant until it is delivered, when they will have made $300k.
I would suggest that the performance of the company and the stock price over the last several years reflects the level of expertise of the experts at the Plastic Pyrolysis Plant. The industrial gases company I worked at made money, lots of it.
That licensing fee does not make any sense to me. This is not a software product that you license. The only thing they could be talking about is a license for intellectual property, which I don't think applies here. I don't think there is any patent to indicate there is any significant intellectual property.
What there is is a capital cost of maybe $2 Million. That includes labor to build it as well as the cost of equipment and raw materials. There would also be some engineering to configure it for the customer's needs or requirements.
So it depends who does what between the Owner or purchaser and the Vendor (JBI). I would guess that JBI would be supplying equipment worth maybe $1 Million, with a total cost of $2 Million to the Owner or purchaser. JBI may also supply some Engineering services, maybe $100k.