Thursday, June 27, 2013 10:18:29 AM
Once upon a time a somewhat free market existed in America. However our country has moved far from that free market system. Granted there are still elements of market forces, but with the regulations that exist, issued by agencies such as the EPA, NYDEC, SEC, NLRB, IRS, SSA among many, many others, it becomes quite difficult for a company to raise funds sufficient to provide the capital and time become financially self sustaining.
Beyond that there appears to be other forces at work that may have a vested interest in development stage companies failing. It has been suggested that those forces might use any tools at their disposal to accomplish their objective.
Just today the news that a lawsuit against JBII was dismissed. What was the cost to JBII of defending itself against that lawsuit? How much time did John Bordynuik lose in that process, time he could not devote to developing the technology. We know that was not the only legal issue that the company has had to face during this crucial stage of development.
Beyond that, how much time and expense has been necessary to seek the approval from the NYDEC to just attempt to solve an environmental problem and as a by-product produce additional energy from plastic waste and used, dirty oil?
How much plastic could have been diverted from landfills to fuel in the past three years if the government has simply stepped out of the way? The processor throughput is limited by the NYDEC to 4000#/hour. If it is physically possible to process greater quantities why place a restriction on the process? That seems to defy common sense. Why does JBII have to jump through hoops to process dirty oil into high value fuel?
So I could go on and on but my point is should JBII, or other development stage companies, fail the cause of that failure would not be the free market system. In fact, it is my contention if a free market system was present in America, JBII may have been much further along in the commercial development of the technology than it is.
Having said all of the above I believe JBII will overcome all the obstacles to success and that will begin to be evident to all very shortly.
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