I agree that this is a potential growth company. I already gave JB props for what he's done and accomplished thus far ( acheiving maximum allowed capacity of Niagara Falls of 3/4 of a ton per hour with three processors running, with the allowed plastic types 2,4 and 5)
However,I'm not going to get all warm and fuzzy if the next big news release/8k is that processor number two is complete. I think this should have been completed already, and is a non news event.
Just like if the next Big news announcement is that they submitted for patents (big deal - doesn't mean they will be granted) I don't want fluff I want real announcements not Oh we're talking with this one and that one - talk is cheap.
Jb needs sales,sales and more sales to max out the first processor.
Unfortunately, the LOI is currently a huge disappointment that it was announced but never realized after hearing time and time again that there would be NO announcements until contracts are signed.
Couple that with - the LOI was released in conjunction with the news release that they dropped yet another accountant makes it smell just a little of desperation - of having to release something positive at the same time to take the focus off the another accountant change.
This is a growth company. It started with an idea, that became reality in the form of a processor that will eventually change the way the world deals with plastic. Did you think it was going to do it overnight? All is falling into place very nicely. First get the permit and build the machine. DONE Make it work well and get the permit to go into production. DONE Then find a market for the fuel DONE. Then simply repeat. Like the commercial for the hair shampoo REPEAT. That is what we are doing Repeating the success that we have had up to this point. Great things are coming just not all on the same day.
