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Wednesday, September 14, 2011 6:04:18 PM
Mainly, I want to comment on the last line, this supposed "deal" " with RKT.
This deal is fairly meaningless JBI is going to require capital (lots of it) in order to build those processors on RKT's sites. He will be going to investors again. Will this ever end? When is hOnest John simply going to make and sell some fuel profitably?
Notably, there is no customer is this supposed "deal". Similar to the marine situation, (Heddle) and that Florida gang, there is no paying customer, so we really have no idea what it means. Frankly, RKT could care less whether JBI builds those sites or not.
And remember that now the revenues in whatever the profitability model (profits/ costs) are cut in half. RKT gets half of everything. So JBI has to be really profitable. Is it revenues or profits?? If it is revenues, then the deal is almost surely a pile of garbage. JBI jhas not established what it's margins are, so how can they give away half of the rebvenues form anything?
ANd the costs of mining the plastic??? UGH.
This "deal" is meanmingless and designed to keep investors interested.
As for the other claims of fraud?? I think that some people just have such swelled heads that they will drive a company to the ground and may even be kidding themselves.
I finally reveal my true identity!!!!!!!!!
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