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Wednesday, April 03, 2013 4:00:46 PM
From the 10K;
Historically, we operated under the premise that we would be able to obtain significant quantities of waste plastic for free, as we offered companies a more cost-effective disposal method for this waste stream. During the year, as we processed increasing amounts of waste plastic, we made the determination that in order to obtain the most optimal feedstock on a consistent basis, we would be required to purchase this feedstock.
As I have pointed out, the feedstock that JBI needs must be 'optimal' AND DRY!.
In order for it to be 'optimal' it must be free of contaminates AND DRY!.
This is the same feedstock that can be recycled.
If the RockTenn plastic could be recycled RockTenn would, and they would make more money doing it.
The problem is that it cost more to process AND DRY! it than it is worth.
This is JBIs MOST FUNDAMENTAL PROBLEM.
There is no way JBI can use plastic that is not 'optimal' AND DRY! or it will foul the machines, cause downtime, cause undesired output and create hazardous and problematic byproducts or EXPLODE!
If the RockTenn plastic could be processed to be 'optimal' AND DRY! at a lower cost than it can be purchased for... it can be sold for more than it is worth making fuel from it.
By the time the process cost is figured into the equation the end result is NEGATIVE GROSS PROFIT FUEL SALES
This is a circular argument.... a catch 22.... a dead horse.... an ANNIHILATED business model.
Madison County... not 'optimal' AND DRY!... NO GO
What does JBII do with unwanted, unsorted and dirty WET plastic?
They make End-User Fuels at NEGATIVE GROSS PROFIT FUEL SALES
JBII Complete Summary DD. SAIC(NYSE): $10M/Yr/Processor!:
Latest Developments:
JBI admits in 10K that their entire premise is false.
JBII Events that could happen at any time:
JBI files for bankruptcy due to failed business plan based on faulty premise.
Awesome Photos!: Discovery Channel Segment on JBII:
Documentary; How a company can promote falsehoods to raise $55mill based on misleading guidance and leave shareholders high and dry (but the plastic is still all wet!).
SAIC (NYSE) VALIDATES JBII. $10M/Processor/Year!!:
Based on unrealistic numbers that have been proliferated.
I PREFER REALITY TO MADE-UP PLASTIC VALUES:
"we operated under the premise that we would be able to obtain significant quantities of waste plastic for free... NOW we would be required to purchase this feedstock" (and dry it!)
TWO PROCESSORS DOING THIS NOW -- ONE MORE ON DECK:
NEGATIVE GROSS PROFIT FUEL SALES
HISTORY OF FALSE CLAIMS 24/7 VS. ACTUAL RESULTS:
JBI can use FREE, unsorted, unwashed plastic - "we made the determination that in order to obtain the most optimal feedstock on a consistent basis... we would be required to purchase this feedstock" (and dry it!)
$8.49 COST PER BARREL BASED ON NYSE: SAI REPORT
Simply ANNIHILATED based on the admissions of REALITY in the 10K
GET READY TO HAVE YOUR SOCKS KNOCKED OFF
JBI will take the shirt off your back too.
SEC INDICATES JBII IS NO SCAM, ISSUES TINY FINE FOR ACCOUNTING ERRORS
But with that parking ticket the CEO got a 5 year license suspension... never heard of having your license suspended for a minor infraction like a parking ticket
CASH FLOW POSITIVE FORECAST FOLLOWING HTF TRIAL
only if the HTF comes in cardboard boxes that they can recycle at a profit and prop up cardboard sales enough to offset the NEGATIVE GROSS PROFIT FUEL SALES
BOOTS REALITY VS. FALSE MATH FICTION
The oil (HTF) that had to be delivered must have accounted for half of the tanker traffic FOR DELIVERIES not fuel shipments.
JBII FIRST QUARTER REVENUE CONTEST:
If this isn't the perfect way for JBI to track and gauge shareholder sentiment, let's see who's still believe'n and who needs worked on... lol
NAH... just stock sell'n
Not really running a business for profit.... just sell'n
how perplexing!!!!!
JBII >> absolutely fascinating
[3:38:42 PM] : watching to see if *reg sho* JBI is <held> to its story
and this was b4 the new "information" .. gotta love the 10K .. resets .. ;)
20130226|JBII|123314|0|448513|O NEGATIVE PROFIT
IMO they <JBI> not a *puzzle* but a company
with no solid ~faulty~ direction
you have a good one
decoder ring not included
===
all jmo
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I am in no way compensated for my opinion or my posts on this site. I have no ‘secret agenda’ or personal gain that can be materialized from the act and method of my postings. I am simply a concerned, ‘outside’ interest with valid knowledge and information that I feel may be helpful. I chose to provide this information and related opinions at my own will and from the direction of no person, company or entity. My motive is to help those that may not have the background, knowledge, means or access to this information and my personal desire to gain additional knowledge and understanding of the topics discussed. I am compelled to educate and help offset the continued barrage of misleading and obscured information that I have identified here. No ill will, malice, defamation, or slander is intended in any way. All literary creativity utilized in my posts are intended as a vehicle to express my opinions. I am always open to mature discussions of substance and encourage rebuttal and enlightenment. My sincere apologies go out to anyone that is disturbed by the revelations of fact that I have conveyed in the past or may provide in the future.
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