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The regulators alleged that JBI overstated its financials;
"A lawyer for Baldwin, Ralph V. De Martino, said his client “believes that he has valid defenses to the action."
The SEC is not suing JBII.
Everything is preliminary at this juncture.
They will settle with JBII
The SEC is not suing JBII.
Everything is preliminary at this juncture.
They will settle with JBII
The SEC is not suing JBII. Everything is preliminary at this juncture. They will settle with JBII.
If they wanted to go to trial they wouldnt have agreed to continue with pre-litigation settlement talks.
While the talks are continuing
Processor 1 is making liquid GOLD
Processor 2 is making liquid GOLD
Processor 3 is coming together to make
liquid GOLD
OK what admin do I PM to get the issue resolved?
Towers and reactors have been fabricated for the third P2O processor (the "Processor No. 3") and the Company looks forward to bringing No.3 online in the near future.
Processor number 3 is being fabricated
lets review...
Processor #1 assembled online making fuel
Processor #2 assembled online making fuel
Processor #3 is in assembly to make fuel
No other company in the WORLD has 3 plastic2oil machines making fuel from plastic
P20 isnt a fantasy
P20 isnt a dream
P20 isnt a story on a SMB
P20 is a FACT
http://www.plastic2oil.com/site/fuel-specs
My faith is in the physical machines making Liquid Gold from plastic and the companies BUYING P20 FUEL for North American distribution
Not an accounting firm who is being shown up by the new CFO :)
Yes, development of the greatest gizmo since sliced bread is expensive
but wait!
JBI has this;
THOROLD, Ontario, Feb. 27, 2012 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQB:JBII.PK - News) is pleased to announce that in Q1 the Company has been successful in bringing its second Plastic2Oil(R) ("P2O") processor (the "Processor No. 2") online at the Niagara Falls, NY facility.
The design of Processor No. 2 is based on data retrieved while working with the original P2O processor (the "Processor No.1"), which since June 2011 has undergone a number of substantial upgrades. The enhancements include a replicable and deployable modular design that leverages economies of scale with our manufacturers, the ability to cater to specific fuel needs of customers and a reduction of stack emissions.
Processor Nos. 1 & 2 are permitted to operate at 4,000 lbs. per hour, however they are currently operating at 2,000 lbs. per hour. The Company expects to operate both processors at 4,000 lbs. per hour, as per the upgraded Air Permit issued by the New York Department of Environmental Conservation ("NYSDEC"), once the Company receives approval on its amended Solid Waste Permit from the NYSDEC.
The Company expects that this amendment will effectively double the plastic feedstock throughput, from 2,000 lbs/hour per processor to 4,000 lbs/hour, which should double the amount of fuel output each P2O processor can produce.
"Bringing Processor No. 2 online represents a significant achievement as well as a milestone for our Company. We believe this sets us apart from other plastic into fuel conversion technologies," states John Bordynuik, CEO and President. "JBI, Inc. is the first company to successfully move from a pilot plant to a multiple processor, full production plant within the industry."
Towers and reactors have been fabricated for the third P2O processor (the "Processor No. 3") and the Company looks forward to bringing No.3 online in the near future.
R&D is over
its FUEL TIME!!!!
The "FUEL"comes from PLASTIC2OIL since that part was left out
XTR energy is purchasing it
Indigo energy is purchasing it
lets dance......
XTR Energy will be purchasing
Regular Transport Gasoline,
Premium Transport Gasoline,
Diesel Ultra LS Clear
and
other
acceptable
road transport products from
JBI, Inc
These products are the fuel output of JBI, Inc.’s Plastic2Oil® (“P2O”) process,
NRGY Div & Yield: 2.82 (17.70%)
is paying 70 cents per quarter
its 15+
for 23 cents a month
So far this year the weather has been wacky and unseasonably warm
Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States. The company owns and operates five natural gas storage facilities comprising Stagecoach, Thomas Corners, Steuben, Seneca Lake, and Tres Palacios; a natural gas liquids business; midstream storage and transportation business; and solution-mining and salt production company. As of October 31, 2011, it served retail customers in 33 states from approximately 338 customer service centers, which have an aggregate of approximately 34.6 million gallons of above-ground propane storage. The company is headquartered in Kansas City, Missouri
if any of what they do can power air conditioners
with summer coming
my bet is this one is going up
http://finance.yahoo.com/q/hp?s=NRGY&a=06&b=31&c=2001&d=02&e=19&f=2012&g=v
Wow....just WOW!
that had to take some time to put together, thx for that
JBI is in the "Firsts club"
I think the Firsts club are the companies that really make it big with their
novelty ideas and inventions that turn out to work :)
Next month this public company will be 3 years old.
only 3 years old!!!
30 million to get..... here;
2 processors up and running melting plastic into JBI's shareholders liquid gold
number 3 processor is company confirmed in assembly
and name brand giants are
........welcoming
JBI
to
the
BIG LEAGUES
http://www.plastic2oil.com/site/current-partnerships
This focus has enabled XTR Energy to establish network locations in Ontario, Nova Scotia, New Brunswick, P.E.I., Manitoba and Saskatchewan.
The correct answer
Ontario,
Nova Scotia,
New Brunswick,
P.E.I.,
Manitoba and
Saskatchewan.
is
YES
Forget the link and concentrate on this;
XTR Energy will be purchasing
Regular Transport Gasoline,
Premium Transport Gasoline,
Diesel Ultra LS Clear
and
other
acceptable
road transport products from
JBI, Inc
These products are the fuel output of JBI, Inc.’s Plastic2Oil® (“P2O”) process,
XTR Energy’s strategic objective to have a diversified secure supply of quality petroleum products from a variety of sources to meet the growing demands of the XTR Energy network and preferred customers,”
XTR Energy looks forward to acquiring products from JBI, Inc. in Ontario and across Canada
in Ontario and across Canada
looks forward to acquiring products from JBI, Inc
in Ontario and across Canada
looks forward to acquiring products from JBI, Inc
in Ontario and across Canada
looks forward to acquiring products from JBI, Inc
in Ontario and across Canada
looks forward to acquiring products from JBI, Inc
in Ontario and across Canada
looks forward to acquiring products from JBI, Inc
in Ontario and across Canada
in Ontario
and
across......Canada
http://www.plastic2oil.com/site/opportunities
thanks Flobe thanks Dan!
Is there a board here that discusses dividend paying stocks or funds?
XTR Energy will be purchasing
1. Regular Transport Gasoline,
2. Premium Transport Gasoline,
3. Diesel Ultra LS Clear
4. and other acceptable road transport products
from JBI, Inc.
thank you all, the post was amended and the nut balls are still out in force
90 consecutive days is the clause
if the sp slips below the minimum anytime during the 90 day qualification period, the time line re-starts
wow...just wow
Here's the real facts behind the SEC...
10. securities law violations alleged
38. The Commission repeats and incorporates by reference the allegations
41. The Commission repeats and incorporates by reference the allegations
44. The Commission repeats and incorporates by reference the allegations
49. The Commission repeats and incorporates by reference the allegations
53. The Commission repeats and incorporates by reference the allegations
58. The Commission repeats and incorporates by reference the allegations
63. The Commission repeats and incorporates by reference the allegations
66. The Commission repeats and incorporates by reference the allegations
71. The Commission repeats and incorporates by reference the allegations
74. The Commission repeats and incorporates by reference the allegations
79. The Commission repeats and incorporates by reference the allegations
83. The Commission repeats and incorporates by reference the allegations
86. The Commission repeats and incorporates by reference the allegations
90. The Commission repeats and incorporates by reference the allegations
4. So that the Defendants may continue to engage in settlement discussions with the SEC (Which began before the commencement of this litigation),
continue to engage in settlement discussions with the SEC
continue to engage in settlement discussions with the SEC
settlement discussions
settlement discussions
settlement discussions
settlement discussions
Meanwhile back at the Factory;
Processor Nos. 1 & 2 are permitted to operate at 4,000 lbs. per hour, however they are currently operating at 2,000 lbs. per hour. The Company expects to operate both processors at 4,000 lbs. per hour, as per the upgraded Air Permit issued by the New York Department of Environmental Conservation ("NYSDEC"), once the Company receives approval on its amended Solid Waste Permit from the NYSDEC.
Towers and reactors have been fabricated for the third P2O processor (the "Processor No. 3") and the Company looks forward to bringing No.3 online in the near future.
Processor No. 1
Processor No. 2
Processor No. 3
The Company is proud of its recent successes and will continue to focus on building out its business growth plan with its corporate partners.
http://www.plastic2oil.com/site/current-partnerships
In the year 2132
CEO Bordynuik is not resigning and there will be no disgorgement. The SEC makes their money from instituting fines. The only thing disappearing will be non believers and I expect that to happen as the 3rd processor comes online while processors 4 5 & 6 are announced as being in various stages of completion.
Happy St Patty's day!
Negatory there fella. Nothing will happen to the CEO or the company other then a slap on the wrist.
This company has the ecological answer to the worlds plastic waste problem. They are not alone in this quest, while there are many operations trying to catch up to what Bordynuik has developed they are light years behind P20.
There a few companies that are marginally successful in this area.
Agilyx is one of them and a German operation called Alphakat. Both companies have a single unit to process plastic. JBI has 2 machines now with a 3rd in development. Blest is also trying to go commercial with little success to date.
The filings will be amended to suit the SEC requirements and a small face saving fine implemented. Washington wants P20 and no one will stand (including the SEC) in front of that bullet.
Beagán agus a rá go maith.
What is off topic about this post? It was removed today as OT on the JBII board.
"Negatory there fella. Nothing will happen to the CEO or the company other then a slap on the wrist. Its all FUD from the nut balls who love to spread fear.
This company has the ecological answer to the worlds plastic waste problem. They are not alone in this quest, while there are many operations trying to catch up to what Bordynuik has developed they are light years behind P20.
There a few companies that are marginally successful in this area.
Agilyx is one of them and a German operation called Alphakat. Both companies have a single unit to process plastic. JBI has 2 machines now with a 3rd in development. Blest is also trying to go commercial with little success to date.
The filings will be amended to suit the SEC requirements and a small face saving fine implemented. Washington wants P20 and no one will stand (including the SEC) in front of that bullet."
Beagán agus a rá go maith.
Boat insurance will come after multiple land units are in place via Rock Tenn and its affiliates. The insurance might be for P20 marine or the JBI shareholders yacht. By the time that rolls around I suspect many shareholders will be filthy rich while the non believers assemble here wondering where everyone went.
http://weather.yahoo.com/united-states/new-york/niagara-falls-12763209/
Have yourself a great day!
I like this one too but Im feeling for the money that although in a different category NRGY pays 70 cents a quarter. Its twice as much as ARR but the dividend is hard to argue with IMO
Darn! I was just introduced to this one by accident. Everything looks promising. I guess I'll just wait for a dip or two. Are you sure there aren't any unfilled gaps anywhere? Who is the TA?
No matter what anyone says about the energy sector no one can argue with NRGY's 70 cent dividend :)
Do you mean the stench of Liquid GOLD!? I believe JBI's Plastic 2 oil process is a money machine. Ecologically damaging plastics go in and pure refined diesel/OTR fuel ($$$) comes out.
I like that stench too
smells like
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
What are the chances this one dips back under a dollar in the coming months?