The SAIC validation was on a processor that could only run for 3 days and is now considered by the company to be an obsolete r&d unit with minimal uptime.
Tell me, what does that really say about the ever so highly touted SAIC validation that was quickly rendered unreliable?
Unreliable because the processor is unreliable?
Unreliable because it use FREE plastic for its basis and now the recent 10K says that FREE plastic is not 'optimal' and plastic will need to be purchased or contaminants such as those found in a waste stream that is run through a ragger then burred in the ground will cause down time, issues and contaminated fuel?
Unreliable because it was based on a staged perfect world scenario that can not be duplicated to be commercially viable?
It was 4 years ago that the plan was stated as-
July 2009:
Setup and configure a 10 ton per day processor
Begin processing large amounts of plastics
September 2009:
Deploy 2nd large processor in Niagara Falls, NY (franchise)
Continue to move forward with our business model
Advantages of our Business ModelStandardized installation, documentation, and maintenance.
Shared fixed costs amongst a cluster of processors.
Realized economies of scale and scope.
Reduced energy costs to transport raw material to many
local sites as opposed to a single large facility.
Predictable revenues.
Financed growth by franchisees.
Growth and business stability through a land rush based
on exclusive agreements
What ever happened to all of those people lining up at the door to fork over $300K for a franchise anyway???
I see that idea of using FREE plastic
used to be that the company was getting paid to take plastic...
now its turned into having to pay for plastic.
In 2009 jbi promoted the lofty idea that they would get paid to take plastic from cities that paid $80 a ton to dispose of it. Any thoughts on why jbi isn’t getting $80 a ton to take plastic?
How about the days when "instant profitability" were touted??? What ever happened to all of those tons and tons of NASA tapes that were going to be turned into fuel anyway?
I believe there was talk of a deal with NASA to read 700 tapes a day at $22 each… $15,400 a day in profit that TRNT (jbi) would make and then turn those tapes into fuel.
Any thoughts on what happened to these deals to turn tapes into fuel and get paid to read them creating a nonstop supply of plastic to the tune of $250K a month in fuel on top of the $15k a day reading tapes?(my how the exciting expectations have ramped).
It was 4 years ago that the company was going to be instantly profitable from reading millions of dollars of tapes and then turning them into fuel and all that was needed was an air permit.
As you look at the progression you do not see progress as some have called it... what you see is a constant digression. Slow and steady the bar was lowered, the cost and timeline were extended and the hopes were revived by the next new hope of wild riches.
Each step of the way there was a new (smaller) carrot dangled just a little bit further away.
The problem now is that the carrot is so small and so far away that you can only follow it by smell.
And after rolling it through all of the crap it has been through its not smelling very appealing any more.
Disclaimer;
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 reveal the fraud that this company is perpetrating. I am compelled to educate and help offset the continued barrage of misleading and obscured information that I have identified here and expose the perpetrators of this misguidance. 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.
