You should be thanking these guys not publicly attacking their motives. They absolutely rescued this company.
This post is from Glenn R. better known as Tom Cat of the 2 cats
They did not rescue the company but made it worse, look at the share price.
I know how and who these two men got put into position of CEO & COO.
To begin with their backgrounds were so far remote from the petroleum industry that it is a wonder JBI didn't send them back to school to learn about alternative energy and specifically petroleum.
Of coarse we all know the results of their stumbling around and taking orders from people who put them in their executive positions. Some decisions were obviously made with the view of taking JBI private without any concerns of the smaller shareholders. It would seem their lack of knowledge of the basic operations of the processor back fired.
If the past executives were not so dedicated to the whales and represented JBI's shareholders as a whole, they would have relocated at JBI's backdoor and with the amount of work to be finalized, they should have been spending 12 to 14 hours a day at least 6 days a week (like most employees) until the necessary results were achieved. Instead, in the 2 days they were at the factory, they actually thought they were able to run the processors without any knowledge of how they run, processors got damaged.
It should of been hands on over the shoulder management instead of firing knowledgeable experienced employee's and folding those salaries into their own pockets at the cost of the company and shareholders.
I believe small shareholders are able to see better and farther than the whales can see.
What's nice is Mr. Heddle came in as CEO without the whales control. With his background and experience JBI has a much brighter future
