Saturday, March 18, 2017 7:46:59 AM
"massive obscene margins to boot"
"Booted to the pinks"
"big oil shaking in their boots!!!"
"Rock Tenn are not shaking in their boots"
"the only standard terms we've seen so far has JBI paying 100% of the complete nut and throwing in revenue sharing and discounts to boot"
"their new modular design....can be cranked out pretty rapidly to boot. "
"1. Moore certified the 2006, 2007 and 2008 financials and got booted by the PCAOB.
2. Gately certified the 2008 and 2009 financials and got booted by the PCAOB."
....but the first time the phrase "boots on the ground" was used here in regards to a JBI/PTOI research methodology was on Friday, 10/21/11 at 02:24:50 PM ($1.74 PPS at the close****).
"I just like to get boots on the ground facts if possible. Sometimes you gotta get a little dirty! Go the extra mile... The truth is when I go to the plant, stalk dinners or whatever. My impressions about progress are always positive. Now, that doesn't mean I am 100% positive they can execute the business plan, but the technology is real. Business execution is what we all need to see."
It's a sound strategy for some purposes and it definitely requires some effort that few are willing to expend, but it can be misleading and sometimes the observations can leave a false impression. In fact in JBI/PTOI's case the strategy only led to some very muddy boots...and some of it turned out to be something other than mud.
****
On 12/30/11, following these announcements, the closing price was $2.38/share.....
JBI, Inc. Signs Multi-Year Transport Fuel™ Take-Off Agreement with XTR Energy
Dec 23rd, 2011
JBI, Inc. Signs Long-Term Fuel Supply Agreement with Indigo Energy Partners, LLC
Dec 21st, 2011
JBI, Inc. Appoints Matthew J. Ingham, CPA, as Chief Financial Officer
Dec 19th, 2011
JBI, Inc. Receives Air Permit Exemption
Dec 15th, 2011
JBI, Inc. Successfully Completes Its Final P2O Stack Emissions Test
Dec 7th, 2011
....5 days later it was 86¢.
JBI, Inc. Responds to SEC Lawsuit
THOROLD, Ontario, January 4, 2012 (GLOBE NEWSWIRE)
It never got back to the $1.74 price that it closed at on the day we were told about the benefits of boots on the ground facts. Investors would have been far better off letting their fingers do the walking through the company's filings with the SEC.....stalking the Balance Sheet instead of parking lots and company events would have been a better strategy. Wouldn't it?
I was given that information....I don't know.
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