Friday, April 16, 2010 7:14:08 AM
"JBI, Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state certified laboratory, has validated its P2O process..."
Except that isn't in the IsleChem report, that's in the pump PR that JBII had to include with it to ease the disappointment of supporters. You know, the same kind of mis-representation of their work by a customer that Islchem indemnifies itself from in their disclaimer.
The word "validation" does not even appear once in Islechems "report".
All Islechem did was test a Blest/Donghe machine and confirmed that they do in fact melt plastic (i.e. they did what the Chinese salesman said they would) -- virgin plastic of course - not even close to unwashed/unsorted landfill plastics that have been lied about publicly for months.
Islechem is clear that they had nothing to do with the stock-selling exaggerations being made about them tweaking the secret cultylist or improving the hardware. They say they were hired to help JBII apply for permits - which they still haven't applied for - and that the only modifications they made to the machine were necessary for collection of data and have nothing to do with the P2O process.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010001378/f8k4122010ex99i_jbi.htm
The most telling thing about the Islechem report is that they didn't compare the machine's efficiency with and without the secret cultylist. There is no reason to keep results of such a test secret if the stories told about the cultylist were honest.
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