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Re: GWMAN post# 164981

Sunday, 02/12/2012 3:56:13 PM

Sunday, February 12, 2012 3:56:13 PM

Post# of 312102
"my end of March projection is based on the belief that completing processors 2 and 3 is not contingent on something happening in the new building. If I am wrong about that, and having the new building functional for some reason is a necessity before processors 2 and 3 can be built-out, then even my March is wrong and it could be more like May sometime."--GWMAN

From Q3 page 23:

"The Company plans to move its fabrication unit from the existing facility to the new building shortly after construction is complete."

If they plan to move their existing facility "to" the new building when it is completed, then it seems they must still presently have the capacity to work on processors despite the new building not being fully up and running. It's of course possible that what they meant by "existing facility" was a make-shift shop within the same building the first processor is set up in. For some reason I thought they had moved this "unit" to the machine shop they were intending to buy--Q2 page 25:

"The Company is purchasing a machine shop a few minutes from the Plastic2Oil factory so that additional processor assembly and work can occur while the Plastic2Oil processor(s) operate." 8/22/2011

But even if they did not make such a move, wherever the "existing facility" is, they clearly imply that it as a functioning "unit." So it seems at the very least they have the capacity to continue working on new processors even if they have to periodically stop such work to maintain safety standards while running the first processor.

If we're lucky, the NYDEC's decision to allow JBI to increase its through-put levels will constitute a material bit of news and therefore be PRed tomorrow. If not, then Q4 numbers will be out, what, in 5 weeks? One way or another, it won't be long before another layer of obscruity is lifted.


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