Bueno, I cannot argue with anything factual you've written there, with the exception of your first line (which is opinion).
It's true... communication from JBI over the years has been all about chest-pounding and making statements that sound encouraging but that use unclear, ambiguous, and often outright misleading wording. And nothing has changed in that regard since JB stepped down as CEO .. neither Rauber nor Bogolin put an end to it.
However that does not, in and of itself, "prove" anything. A negative cannot be proven. Nobody could prove lighter-than-air machines could never fly, but the Wright brothers proved they could. Nobody will ever be able to prove JBI is a scam. Should they go bankrupt and shareholders lose everything, there will surely still be some saying it was viable technology but the company was poorly run. Only JBI can prove the opposite -- that their technology is viable.
The problem is, the more time passes, the more iterations of the technology that fail to deliver on promises made, the less people believe JBI will ever be able to prove it.
If I'm objective, I cannot disagree with your points -- from the outside looking in, the future for JBI sure looks bleak.
The sentence that resonates most with me from your post was this: "[Processor #3] is declared to be a technological marvel before commercial production". Given the past success rate of the company's ability to prove their claims, this statement stands little chance of being true.
This message is intentionally provocative, as I would like nothing more than to be proven wrong. I still hold a fair number of shares (currently showing an unrealized loss of over 70%, sadly), and truly hope that John and the entire JBI team who have been working hard all these years see their efforts pay off. I never thought JBI was a 'scam', but I regret that shareholders have been being fed a far more optimistic version of the truth all this time, and I lament the lack of transparency.
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