For sure. Only problem is, I can't go divulging that kind of information in this forum because of my business relationship with those entities.
If you look back at my posting history you will see many references to an industrial gases company I worked for where I worked on projects very similar to what JBI is doing, in that they were process-oriented and about the same dollar values (perhaps bigger). I learned the most about Project Management there. I have also worked in nuclear industries and am now in a new area that throws around more money than any other area I have been in.
I am accustomed to a company doing very thorough analysis before spending dime 1. It usually happens in stages and in the final stage the estimates being produced are accurate to 5% or 10%. My job after the final go-ahead is given is to ensure that cost and schedule targets are met. Without that, what is the point?
So here is what JBI did:
- promised some great things, appealed to alot of emotions, made some great promises
- got some money through private equity
- spent it to build a prototype
- validated the result through a lab test of which i am not knowledgeable enough to know the value of. I can read it as well as anyone else.
- has a few deals in the bag and has made alot of promises wrt future deals
- missed every timeline he has promised to investors
- has continually made greater promises instead of simply selling something sinmple
- missed the boat on permitting, causing a delay in building units 2 and 3, which would be unforgiveable in private industry.
- from what I can tell JB does everything himself and there are no drawings or construction packages that would allow this to be built tomorrow by a contractor.
- continues to promise greater things whilst not delivering sales. Where are the simple refinery sales??
Other than that, the fact he has no debt is actually a good thing. He could sustain this for a long time if he continues to promise greater things.
I would not call this stock a particularly good call right now.
BTW IFC = "Issued For Construction"
I finally reveal my true identity!!!!!!!!!
