Sunday, April 15, 2012 10:05:18 AM
Operating Expenses. We incurred $15,572,401 in aggregate operating expenses during the year ended December 31, 2011
Our P2O process and processors may fail to produce fuel at the volumes, yields and costs we expect.
The SEC has filed a civil complaint against us and certain current and past officers alleging that we reported materially false financial information in some of our past periodic reports, and a class action lawsuit has been commenced against us related to those allegations. Any unfavorable outcomes of the proceedings could have a material adverse effect on our business.
Our future success is dependent, in part, on the performance and continued service of John Bordynuik, and on being able to attract and retain qualified management and personnel.
Concentration of ownership among our existing officers, directors and principal shareholders may prevent other shareholders from influencing significant corporate decisions and depress our share price.
We may not be successful in the development of individual steps in, or an integrated process for, the production of commercial quantities of fuel from plastic feedstock in a timely or economic manner, or at all.
Competitors and potential competitors who have greater resources and experience than we do may develop products and technologies that make ours obsolete or may use their greater resources to gain market share at our expense.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
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