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Alias Born | 06/21/2006 |
Tuesday, March 13, 2012 9:10:30 AM
What we have here is the opening volley of an excuse as to why JBI's revenue numbers will be so poor, and will continue to be so poor for the foreseeable future. Now "the beast" can't be shut down, but the reasons for it being shut down will be storied and many. This also answers the question I've posed so many times about revenues: Either there is a problem procuring enough free feedstock, or there is a problem with producing the P2O juice. I wonder how JBI disposes of all this "sub-par" fuel that is produced when the machine isn't running 24/7? Wait, I think I have the answer. They sell it as bunker fuel (their most grandiose product) and/or as paving emulsion, because JBI is primarily producing sub-par fuel that they're having great difficulties unloading to buyers. This also explains why JBI never has a repeat sale to OXY, and why they "lost" the "massive" naphtha contract.
Reality is coming to shareholders from Juicy John e-mails, strategically delivered to prime them for disappointment(s).
24/7 yields about 281 barrels/day....$28K/day....Great news for JBII huh?.........z
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