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That seems to further confirm your earlier assertions that Neil and Reed Wallace are related.
I have sent a bunch of questions about TEXC (including this one) to Dodi and Kathy at Elite Communications. I'll post anything pertinent.
As a follow up to my last post, how many injection wells does TEXC have?
Is the current protest unrelated to current revenues and simply an attempted expansion by Texcom that is being blocked?
If it is successfully blocked, how relevant is this to future revenues?
I apologize for any paranoia. I will also contact the company over this, but am hoping for added insight on this board.
Should this movement be of any concern to TEXC shareholders? (no, I am not bashing)
Are they talking about the main injection well?
I googled "Texcom injection well"
http://www.yourhoustonnews.com/courier/news/article_049a838f-8749-541c-86ca-5326052761ea.html
http://www.chron.com/neighborhood/woodlands-news/article/Injection-well-issue-continues-to-percolate-2586478.php
http://www.stopthetoxicwells.com/currentstatus.htm
http://www.yourhoustonnews.com/courier/news/county-progressing-with-access-plan-for-texcom-well-sites/article_8b8d788a-9036-5516-9d45-493ec7cd9e1d.html
Thanks for your work 4kids. I am sure certain "entities" also read them. Interesting times ahead.
sagedono, Aside from illiquidity, what do you see as the main risks for this company? Is it so undervalued simply because it is undiscovered?
Appears hideously undervalued.
I am going to contact the company as soon as I am through transferring brokerages.
I'll post the answers here.
Some youtube footage of CEO here
Yeah.....right.
Either way....3 processors are coming....
=cash flow VERY positive
= no reliance on capital markets
= shorts can't do squat
= FUD means nothing anymore
= get attention of institutional investors..............
I think you get the picture.
Just CNNin'
goodboy,
As a fellow long, I hope you are not just making stuff up.
It damages the credibility of longs if predictions are made which turn out to be BS.
That said, I would be extremely happy to see announcements this week (as per your previous messages)
I read this thing b4. It seems fake.
I agree, there is certainly a very negative interest in JBI, regardless of whether it is naked shorting, shorting or otherwise.
I don't fall for the FUD, and neither do any longs who have done their homework and have an IQ greater than 10.
I wonder where is all this attention is coming from? One can only speculate and in the end it doesn't matter.
The fact is P2O is real.
That much is un-FUD-able
I have one question regards the hedge fund you allege has a massive naked short position in JBI.
If they are so deep in a hole on this that JBI success would cause bankruptcy, wouldn't that mean they would never have to cover?
What are the recourses for investors if this were to occur?
Luckily, there will be huge positive cash flow which will then be used to invest in more and more and more and more and more and more and more 90% margin processors.
We all know the market is forward and not backward looking. Especially in the case of development companies.
You know it, I know it, and pretty soon the larger market will know it.
I would NOT want to be short JBI at this stage.
Agreed. It suits my style of investment. This is not to deny the fact I would still prefer to see things move sooner rather than later.
I would also say they haven't done much in the way of getting the story out. I think another sign mark is not at that stage yet.
I am happy to sit and wait meantime - those recurring revenue aint going anywhere.
Check out REPR for another recurring revenue business with a moat.
All the best Frank
I think revenues have been increasing nicely.
His plan is to lock into long term recurring revenue streams, hence the heavy advertising expenditure still depressing earnings.
The only risk is that the advertising does not return what is expected - i.e., good ROI. Mark has the experience here, and I think if the ROI is too low they will not spend so heavily. Further, as stated in the 10qs, advertising is only done where the return is far beyond the costs of advertising.
This is a long term play because earnings are likely to remain depressed as Mark plows any excess back into advertising to further build the recurring revenue base.
The moment he throttles back advertising, earnings will balloon.
I think he is trying to build up the base and then down the line sell the company. It is solidly profitable without the advertising costs to further build the base.
I look at this company as extremely safe and predictable and counter-cyclical.
I appreciate the effort you make on behalf of JBI longs, alerting intelligent newbies to the JBI story.
Thanks.
Please keep it up.
I have directed several people to your posts as an introduction to JBI.
Mike,
How do you position size stocks such as this (and INXSF) if you have to consider the illiquidity. How concerned are you about illiquidity?
Alleged, not committed.
Where did you get your 99.99% figure from? Link please.
He can't show any proof of insider selling in the so-called pump because it hasn't happened
In my world, proof is required.
SCAM, SCAM,SCAM,SCAM,SCAM,SCAM,SCAM,SCAM,SCAM,SCAM,SCAM!!!!!
Cue posting of SEC filing.
It depends on for how much time processor 1 was off-line during testing and tweaking, installation of pre-met etc.
Once 3 processors are running it's game, set, match to JBI.
But, but I thought it was goo? WTF??
I wouldn't be surprised to see many more companies sign on the dotted line with fuel this clean.
Amazing really.
And in these "pump and dump" cycles, how many shares has the "scam CEO" sold?????????????????
Please provide links to him selling his own shares when the stock was "pumped". Remember returning shares to treasury stock is not selling shares on the open market.
Strange thing is, I searched for these dumps John is claimed to have been doing. I searched the SEC filings. I could not find one.
All I have been able to find in the way of John's transaction is him giving back his own shares to the company to finance development.
For example here,
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8278904
be sure the read the explanation - "On November 29, 2011, John Bordynuik returned 3,000,000 shares to treasury. The Company will use these shares to compensate employees and new executive hires, in addition to offsetting shares issued for financing, while maintaining existing shareholder value."
Are these the actions of a scam CEO? I think we both know it's not.
Great post. I think half of them don't have any position in JBI nor even believe what they are saying.
It's an ego thing and a chance to try and nail those assholes Rawnoc, Brig, and Zardiw (which normally I would whole-heartedly support) but, in this case, have to make an exception due to having money in this thing.
Thank God for the raggae tail I say.
Without it, John wouldn't have engineered the pre-melt and then suddenly realized - "Holy cow, I've just doubled the output of the processor. I might get sued for being too awesome!!!" (insert knowing wink)
Just John Stakelin'
Honest question - couldn't John step down and then act as a "consultant" for the company?
That is, an extremely respected consultant who the CEO always listens to.
What's the law say on that?
I am sure John doesn't want it, but on the face of it, it seems to be an option.
Get ready for the PAIN TRAIN - choo choo
LOL - He called JBI "John Bordynuik, Inc."
WHO calls them that?
You say - Perhaps if he had referenced JBI John Stakel might have known.
OF COURSE he would have known.
My opinion, his approach is disingenuous. He called him by that name because he WANTED John to say.
He didn't follow up on the email to clarify but went ahead and published it anyway.
I call BS.
Like these other "laughable" entities???
JBI has been validated by:
JBI Fuel Buyers:
XTR Energy (largest and fastest growing independent retail gas chain in Canada) -- transport gasoline and diesel fuel
Indigo Energy Partners, LLC -- fuel oil #6
OxyChem (NYSE: OXY)
Coco Paving
Political Supporters:
Four New York State Senators
The Mayor of Niagara Falls
Key Partner:
Rock-Tenn/Smurit-Stone (NYSE: RKT)
Feedstock Suppliers Following Environmental Cradle to Grave Audits:
General Motors (NYSE: GM)
Waste Management (NYSE: WM)
Chrysler
Environmentally green and viability:
New York Department of Environmental Conservation
Islechem, the private R&D lab of NYSE: OXY (both formerly owned and currently hired as) Conestoga-Rovers and Associates
Fuel Labs:
Intertek
PetroLabs
Alberta Resource Council
Southwest Research Institute
TIC-TOC
The "article/research/hitpiece" was laughably one-sided - laughably.
Did you catch the John Stakel lie? FYI - He stated John Stakel of RKT said - " he didn't know any John Bordynuik."
Yet these posts directly contradict that.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70820242
That alone reveals an agenda. (and not a very honest one)
These people will be on record as the early bashers of JBI and will be hounded across the far reaches of the internet to be reminded of that fact on a daily basis.
What has been done is written in the last 10q.
What has been agreed upon is in the latest 8ks
What remains to be done is also written in the last 10q.
Relax
Only to those who live and die by the share price day to day.
John needs to take his time to get everything right.
Panic PRs are not the order of the day.
I agree there is collusion between various entities, but nothing can stop the fundamentals of this company from progressing.
If you are long and understand the company and trust John - don't sell. That's it.
As much as I want to see processor 2 and 3 online and pumping out fuel ASAP, what has to be done has to done
Sad to see these hit pieces on JBI.
Sad in the sense that it really shows some people are disingenuous in their presentation of facts.
Selective is the word that most easily comes to mind when reading that hit piece.
I believe when your motives are true and honest and you do your research properly you will be rewarded.
Time will tell who is right.
JBI says they will be cash flow positive with three processors running.
They have stated this over and over and over again.
Anyone, with a working knowledge of the inputs, costs and outputs, can see that.
Yet the author bolds this part. (Obviously the part they want to draw attention to.)
- "JBI, Inc is losing around $1 million each month of which more than $550,000 is in cash. Given this reality, it would take the Hubble Space Telescope to see far enough into the future to locate possible profitability."
I wonder how the author of this "neutral" piece could have missed JBI's processor metrics? A very shallow piece of research indeed. I guess it might influence no-nothing investors. It won't influence us "cult-like" shareholders. (again this description of the shareholders is taken from the article.)
It aint going to work hedgies!!!
JBI profitability is near. The demand is there and the supply will be there as soon as the 2nd and 3rd processors are online.
tic-toc - cover now!!
No because the PE will be much higher than 15 once the market believes the technology is proven.
I think you should give John a chance before essentially calling for his head.
You have no idea about JBI's side of the story.
The moment the SEC suit is filed you have wanted him to step aside. Without having any idea whether it would impact business relationships or not (hint, it won't because companies LOVE making money)
If you invented the technology, built it, developed it, and basically put your life into it for several years, would you step aside at the first sign of trouble? Most people wouldn't and its unrealistic for you to expect John to do so at this juncture.
Ultimately he owns most the shares of this company. All we can do at this stage is trust him because we are not inside the company day-to-day, we don't know the exact nature of their business relationships (present and future), and we don't know their side of the case in regard to this suit.
Remember, if it weren't for John, this board would not exist, JBII would not exist, and this excellent chance to become very rich would not exist.
Great post.
Common sense will win in the end.
Great summary of the issues
Please post this post each and every day as a nice healthy reminder.
Jolly good.
Agreed.
But I would still like to know.
As part of the discovery process, will JBI become aware of WHO had been contacting the SEC trying to get the Wells Notice issued?
Or is it anonymous and presented as if the SEC alone took this action without any encouragement?