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Dang Fool,
Thanks for your impassioned input. I think you may be missing your target audience, however. Most of us here have invested in NTEK because of its potential for growth and to make money. To maximize this growth, in my view, the company should clearly utilize any and all legal applications to include adult content streaming. Most of us are obviously looking for return on our investment. This is not the college of cardinals involved in a Papal conclave. Any legal means to increase company revenues is fine by me and by most of us here.
The company still files, has not diluted, and still owns Snapper's patents. Biz, who was openly organizing a funding/investment group, is now conspicuously silent. I suspect this is out of necessity. Seems the wheels may still be turning at CTDT. I'm cautiously optimistic.
The good news is that they are actively filing. They have a pulse. IMO, CTDT wouldn't bother filing without pending material events, probably funding as Bizops projected earlier. I'm starting to get interested, again.
Excellent point. Certainly a possibility.
ohiotom,
I do think you've summed it up right. They are very much a struggling start-up enterprise but they seem to be aspiring for more. Remains a lottery ticket to be sure. I might add a few more shares with that in mind, but only after reviewing the overdue filings.
20BleavR,
The problem I have JBII is not that they make fuel through pyrolysis. It's that they have released a myriad of misleading/incomplete production metrics and are now non-reporting and silent. They pledge updates without follow through. These are the reasons JBII is discredited. They have undeniably earned their public perception with distinction. Legitimate public companies are expected to execute and communicate/report. There is no good excuse for what we are witnessing, unfortunately.
Centaurus faces quite an uphill battle from here, unfortunately. They wasted their $600K golden opportunity off an earlier PP with virtually no strings attached. Future financing will certainly be more stringent if not toxic. Furthermore, there really is not much of a company to speak of. They are strapped for cash, they don't own the Magnateks, and they've failed to execute repeatedly. It comes down to how much people value AS's patents and IP. The company, IMO, has little more to offer.
The company has stopped reporting and updating so we have no real idea if this is still the case. The silence argues heavily against good production numbers so I would de-emphasize Q3 results. We're well into Q2, 2014. Let's keep it real. I do agree with many here that it all comes down to processor sales. Anything alluding to great production (at this point) is misleading and a distraction.
Hope you're right. I still have shares but the silence is torture.
Gandalf,
I admire your tolerant and accepting demeanor with JBII. I see things differently, however. JBII and RH specifically, have promised transparency awhich has never evolved. That by far is my biggest complaint. Succintly discuss the setbacks and we as shareholders will largely accept this. Most of us understand that start up companies will have hiccups. That's expected. This ridiculous and inappropriate silence despite pledges of regular updates is what wreaks in my mind. I don't expect full disclosure but some semblance of responsibility to the shareholders is not an unreasonable expectation. Again, the company is it's own worst enemy and is becoming less appealing by the day.
Rawnoc,
Although it may not be "absolutely terrible", the late filing does not inspire confidence in JBII nor much hope in my investment. This simply adds another layer to the myriad of "red flag" issues haunting the company. There are way too many unmet projections, unkept promises, questionable hirings, and dubious financial arrangements festering without appropriate explanation. It sure doesn't seem like we're heading in the right direction to me. Several here have repeatedly suggested conspiracy and manipulation as the reason for the SP's performance over the past 24 months. I disagree. There really is no point to such nefarious recruitment when the company itself has so adeptly degraded the shareholder's trust, repeatedly. As I've said before, JBII is it's own worst enemy and things apparently have not changed much today.
Welcome back, elcheepo! Thought we might hear from you at some point. What do you think? Is it a "buy" yet?
You just can't make stuff up like this!
NewMoney,
I appreciate the optimistic perspective which I used to embraced myself. Unfortunately, if there's one thing I've learned through the years with JBII, silence is not golden! Too many times previously we have all dismissed the lack of transparency as justifiable on the basis of evolving corporate events. In every case, no truly positive developments were disclosed and the SP has responded accordingly. Although I remain a shareholder (now a small position), I see red flags when our new CEO breaks a major pledge to the shareholders (i.e. the updates) less than 1 year removed from his guarantee of transparency. I, for one, do not consider the Brewer Group PR as a production update. It's very hard to justify these developments. If an update is not possible or requires delay, it's incumbent upon RH to say so. Such simple communication would be received well, almost certainly, by most. Silence, however, in a struggling OTC entity is not only concerning but ominous.
I also have been unsuccessful connecting with our new IR (Bespoke)rep - Louis Pearce. The IR number prompts to leave a message for an unidentified party. That's neither professional nor encouraging. Has anyone had better luck with IR recently?
Good thoughtful reply. Should know more in a couple of weeks, I hope.
Well said. The mid quarter update was not a demand placed upon JBII extrinsically. The CEO himself willingly offered the update to improve both transparency and public perception. I welcomed RH's insight at the time because clearly the company's record in this regard was dismal. "Cash flow positive" followed by being hammered to reality at filing is nothing I want to return to. RH also (IMO) implied operational updates regarding P3 development and production which is what we all truly desire, whether good or bad. I'm fine also with hearing about business model or personnel updates, no question. Pure silence is unnerving to many of us, myself included. But the bottom line is the company will live or die based upon P3 and we have been kept in the dark for months, inexplicably. Simply put, RH has not offered what he originally promised and although I remain hopeful for JBII's future, this can not be construed positive.
Unfortunately, I share your sentiments. An earlier post in the day suggested "an orchestrated raid" on the share price. My response to this was by whom? The company dangles an unappealing, head scratching 8K like this (without explanation or discussion) and the SP tank is blamed on conspiring entities? As has been the case in the past, JBII inexplicably is its own worst enemy. These are self inflicted wounds, IMO. Silence, in this setting, is inappropriate, unprofessional, and much more detrimental to perception than owning up to setbacks or strained financials. Although I continue to hope for the best, I have become progressively more perplexed and disillusioned with how the company presents itself.
Village Pub,
Problem is that RH also promised transparency and mid-quarter updates. Inconsistency like this unnerves even the most optimistic of us. No one truly expects full disclosure of sensitive or evolving issues. But some plausible rationale for the unappealing 8K is not an unreasonable expectation.
Just for the record, here's Chris Iron's e-mail to me dated 2/14/14. I had asked him about updates.
Hi XXXX,
Right now, we're focused on financing and monetizing machines 4&5. When
we make progress of a material nature on either, we'll disclose it in a
timely fashion to shareholders.
Thanks,
Chris
Not just speculation but untrue. Irons answered my e-mail earlier this week.
There has been a significant SP increase since mid-January. I consider this very positive. Of course, as a share holder, this seems pretty obvious to me.
brownsfan414,
Thanks for the frank, well meaning, and very accurate post which we don't often find on penny stock MB's. Your reasoning and advice is sound and appreciated.
FWIW, I personally could live without a PR as I'm pretty convinced that things are moving in the right direction. This said, I hope a mid quarter update is offered given that RH directly committed to this. Put simply, it's a credibility issue.
jimmenknee,
As always, I very much appreciate your cogent discussion and analysis of the charts. None better.
jaxstraw,
It was not likely a specific company statement which constituted the "bad news". Instead I think the lack of more substantial fuel production and incomplete P3 production metrics served to unnerve an already apprehensive shareholder base. Things seem to be turning for the better now. Hopefully some good news will substantiate the recent SP advancement.
Thanks Village Pub,
Your experienced and informed perspective in P2O is encouraging to say the least. Let's hope for some news soon. Appreciate your input.
Hope so. Would certainly help promote sales.
Honestly, I'm much less concerned about media credits and director bans than I am about the prospects of P3's evolution and potential. This is a 10 cent stock which could move in orders of magnitude with any good news. It's worth the risk to me and many others here. P3 undeniably processes fuel but at cost rather than profit. I'm fairly certain that a viable business model will eventually develop in some form. My concern has always been whether or not the IP remains with JBII and if we (as JBII shareholders) will benefit.
And those who bought in at .06 - .09's are pretty stoked today. It really comes down to P3's current production capacity and possible sales. Everything else is just noise. No sense perpetually revisiting past share price as this has little to no relevance today.
Insightful perspective. That would explain a lot about this company and its rationale for these "head-scratching" PR releases. Never believed this to be a scam but they are often out of touch with SH/public perception and expectation. They have been their own worst enemy countless times.
Well said. I fully agree.
One way ticket, with any luck!
Thanks for your updates, bizops. Very much appreciated.
Q,
My understanding is that Prentice refused to sign a contract with Centaurus from the outset. He also declined salary which is quite telling and a huge red flag. He obviously wanted no official connection with the company he looked to impede. You don't file 8K's for dismissal of "non-entities".
Nicely put, korogi. Good post!
Two different issues: true transparency re: operations vs. the development/potential of P3. P3 development, in my view, remains incomplete but promising. The transparency issue is a whole different story. The company's incomplete disclosures hurt the shareholders and company's integrity significantly more than they realize. It's far preferable to own up to temporary delays and glitches than to keep painting rosy pictures that just don't add up.
bueno,
You make a number of good points but I do think you're writing the P3 epitaph too soon. The way I read things which admittedly, is difficult given the unfortunately nebulous corporate releases, P2 may have been the more productive processor during Q3. That would suggest that P3 is still being adjusted/optimized. It would make no sense that the final permutation of P3 would be inferior to P2. I expect more news and better production going forward.
Good, balanced post. Thanks for your thoughts.
Good thought. Looking forward to Tuesday.
Actually I don't. I was simplifying things to make a point. As discussed by your astute earlier post, there are a number of variables which ultimately will impact upon the P2O business model going forward. Public funding (available from off-setting decreased landfill expenses) is a real possibility which affects both margins and revenue streams. I can envision other scenarios as well based upon machine sales and PR-advertising (as with Crayola). I, like you, remain optimistic but it still comes down to the performance of Processor #3. We should have a better sense of things by Tuesday.