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C'mon dude, I knew all of that already.
Please just answer the question, sincerely.
I know true believers will never accept the filings as true, so let's try another game.
What do you think the PPS would be at right now if there had never been a single share sold short?
What is the fair price for this company, as it stands today? Only factor in past performance, not the amazing future performance that has been expected (but failed to materialize) for the past 5 years.
That would give you a 90% gain.
If you spent $10,000 shorting, you could close the position for $1,000, earning you $9,000 on a $10,000 initial gamble. 90%.
You can't make more than 100% on a single short (unless you somehow factor in leverage).
But you are right about one thing - this is going to a penny, and then to nothing.
The company switched business plans to selling machines that they can't get to operate at anything close to the levels they claimed they could years ago? Pathetic.
Nobody will buy a machine. Period.
Ah ha - gotcha - and well said!
What gives you any faith that management will deliver on their promised capabilities?
Every single projection so far has been a lie.
The amount of fuel sales, every quarter, is pathetic compared to the supposed ability of these machines.
http://wmnorthwest.com/otherservices/plasticsrecovery.html
How do you really know which company has the best technology?
JBI is toast - they can't make oil profitably after you factor in all relevant expenses, and they can't sell a machine until they do.
*SPLAT*
April 17th, 2014.
What type of result were you looking for?
If. If that happened, then the price would go up a lot.
What JBI needs to show is that they can consistently run 3,000lbs an hour on one machine. That'd be 375 gallons/hour, or 9,0000 gallons a day. And they need to be able to do this most every day of that quarter, so let's say 80 days. 87 would be better, but hey. That's 720,000 gallons, from one machine with an 11% downtime.
Those are the sorts of numbers that outside buyers who would be interested in a machine would need to see, verified, coming out of just 1 machine.
JBI has 3 working machines. Assuming #1 & 2 suck hard and can only do 10% of the work of #3, they should still be adding in 72,000 gallons each. 72 + 72 + 720 = 864,000 gallons.
That should have been achieved a long time ago, but here we are, years later, millions spent on improvements and salaries - and still, people act like incremental advances are sufficient. They are not. The machines need to work, as advertised, for sustained periods or there is simply no proof that they work.
People can view them turning plastic into oil all they want in real life - pyrolysis works, that's accepted - but to prove that it works AS CLAIMED is entirely different, and has NEVER been proven by the company. And they don't see eager to prove it, even though it would be the most crucial thing for their long-term success.
Have they let a single processor just run at max capacity for a whole quarter? How close have they come?
That's a very logical theory; I think there's a great chance it will happen just like that.
So their new "ideal" with this huge machine is about 1,000lbs an hour less than the previous models were capable of doing, without much petcoke buildup, according to management's previous statements?
How on earth can anyone believe that this company is legit?
Sure, they turn plastic to oil - but not nearly as efficiently as they keep on claiming. And that's what matters. When a "Neato Day" reveals that their new machine + old machines made a combined total that equals 1 month of old machine production (supposedly)...sheesh.
How can anyone believe their claims?
And where did that magic catalyst go, anyway?
Thanks for your thoughts, loanranger...very insightful.
Believe it or not, when a stock hits a penny, not every single share is for sale at that price!
Huh? Who is trying to make JBI fail? All I see is people trying to warn investors that this is an obvious scam. I am not short. I do not get paid to post here. Myself, and others I assume, write because the truth matters and scammers deserve to be exposed.
Because they will run out of cash before anyone can prove the technology doesn't actually work.
That gives Heddle an excuse to restart a new company, new ticker, and make his money back selling stock. JB gets to leave his scam with his hands clean.
Wait & see. Some call it a crazy conspiracy theory - and I agree, it absolutely is. Most conspiracies are.
So how come so little fuel was produced in September, then?
SPLAT
This company absolutely will be BK due to running out of cash.
Sorry, but I believe it to be the truth.
The shares are going through a dead-cat bounce right now; nothing more.
No processors will be sold until it can be proven that they'll run for a LONG time at FULL strength.
Last I checked, the company wasn't running their flagship processor at rates even close to full-strength.
At this rate, it would be a year before any company would buy one. The machines are totally unproven.
The quality of the gas they make isn't in question; it's pretty darn superb, it seems. No good reason to doubt that, either.
They've got a big new machine, but even with it + 2 other processors adding who knows what to their production numbers, they make 170,000 gallons total in 3 months? That number is absolutely puny compared to the $30/million a year worth 3 processors should be capable of making, according to the SAIC report.
That's about 3 million gallons per machine annually, being conservative. So 750,000 gallons per quarter should be achievable with 1 machine going full tilt. 2,250,000 gallons should be achievable in a quarter. 170,000 means they are about 7% of the way there.
Their machines must simply be bunk - capable of doing pyrolysis well, but not nearly as efficient & fast as needed for this to be profitable.
Two numbers stood out to me, that bear repeating.
1) 3 cents a lb for crayola feedstock. Interesting, I'm glad JB broke down that number.
2) ?. That's how many gallons proc #3 produced. We have no clue still. Another quarter, and they still aren't breaking down production by machine. They must know - so the figures must be disappointing, or else they'd release them.
The amount of fuel is everything; it is the proof that all potential JV partners are looking for.
If p2o could make more fuel, they would.
I see - that's a fair point.
Thanks, Ryoko & Krazy K for trying :)
Real time Level 2 peek, anyone? Please?
Well, the results were not very good.
Who won the contest?
The Whale investors would get nothing, I believe.
JB, however, would get to wipe his hands clean of this whole mess - he comes out doing great. He made his money already.
Because I am definitely NOT saying that the technology is sound.
I am saying that at this rate, the company will be broke before the technology is disproven as viable. That would leave an opportunity for Heddle to restart the scam, with him at the helm.
When Heddle-2-Oil fails, it could be for some entirely unassociated reason, leaving JB free to walk away from his scam, with nobody really the wiser.
I actually think that this is their plan, btw.
Because I don't think the tech works. If it did, they'd have been printing money for years now.
And I don't think that Heddle is throwing away money for nothing.
So what he gets must have some value; but he'd only see that value if this company fails - and only if it fails in a way that doesn't make shareholders think that their technology was doomed from the start.
So JBI fails due to a lack of funds. That's the easiest way I see the story working, but it isn't the best story - honestly, they probably have something far more clever than that arranged, though with enough lawsuits, they could just blame legal fees. Heddle gets the tech - and what does he do with it then? Obviously restart with a new ticker. He gets to keep the enormous profits from going public, and they have years to come up with new excuses.
By the time anyone is the wiser, JB is long gone, and Heddle is rich enough to have skipped town as well perhaps - or he's found a clever way to pass the buck. The possibilities are endless here - my point is, an investment from Heddle is no guarantee that the technology even works.
I disagree.
If this is a scam, that does not mean the assets have no value.
JBI may just collapse from a lack of money, not because the tech was disproven.
That would leave the tech alive & kicking to be re-used again with a new company, new ticker, new scam - and Heddle could make back a lot more than $3 million.
Conspiracy theory? Yes. Does that make it automatically wrong? No, but only time and 10-q's can tell.
Every single pink sheet stock I follow has 0 trades today.
That's like 20 companies. Something weird is going on.
The PR today was theoretically amazing - but nobody knows about this company, so nobody heard it, so nobody cares. I don't mean that to sound negative, but c'mon - OTCmarkets.com isn't showing a bid/ask, and I see 0 trades today via Google Finance...we're an hour into the market, and nothing?
The most popular player on the most popular team in the greatest sport in the most powerful nation is endorsing a product that makes a whole lot of sense? We all saw the Super Bowl blackout - and there was another one in Detroit (vs the Red Sox, ALCS) where the game was delayed 17 minutes as the lights came back up. Major league teams can DEFINITELY afford this type of equipment, and now there will be pressure to buy it.
Of course, Evolucia certainly faces tough competition - but signing on Mariano (and Pedro!) was a brilliant maneuver, and if they are to have any chance of succeeding in this tight field, I think their marketing team has conceived of a pretty darn good Hail Mary. But I'm not kidding myself - this company is a damn risky investment.
Are there any insider sales that aren't being done automatically?
Because that type of sale doesn't worry me, and a short delay shouldn't equal a 15% value drop.
The market did not like this news after hours - but I think in about two weeks, after it dips into the low 9's, things will stabilize and the process of climbing back up to the IPO value will commence quickly.
The plant delay + mediocre revenue = short-term angst.
But that just means the share price is on sale for long-term investors - everything seems on track, and that's great.
So WILL sugar hold them back? Nahhhh...
In the short-term, they won't be using enough of it to make a dent in the markets - especially with Bunge backing them up.
In the long-term, one or more of these new technologies should break-through and be effective enough to supply their growing needs.
And so long as that becomes true - and no crazy-effective new competition emerges (low chance) - and their process scales up right (high chance) - then Solazyme is going to have explosive growth in the coming decade.
all imho.
Until this company proves that it has a profitable process, the simplest answer is that it doesn't.
Bid / Ask this AM : $0.17 / $0.175
The SEC has a limited budget. It's true, end-of-story.
Their LED baseball is nothing but good news.
It won't bring them much revenue, no.
But consider that Mariano & Pedro are their spokesmen. 2 awesome names to get, by the way - the best Yankee & Red Sox pitchers of the last 15 years? Working together?!?
That's why this item exists. It's a brilliant piece of PR that has the potential to get off the ground. It makes one of their spokesmen happy.
It's marketing.
If that was true, then all JBI would have to do is a simple 2 for 1 stock split, and force everyone to cover.
Agreed; having him and Pedro on board is pretty sweet. I couldn't ask for a better duo of spokesmen.
I think there are a lot of pieces in place - now let's start seeing some big sales numbers, and this company might have a good future.
Thank you.