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Re: Rawnoc post# 251540

Monday, 12/09/2013 2:56:39 AM

Monday, December 09, 2013 2:56:39 AM

Post# of 312015
well, what is your take on the massive SG&A? Without radical changes in that area they are bound to go bankrupt. they only made a whopping 10k last quarter from making fuel. Quite frankly, it really does not matter what happens with Processor #3. So no I don't agree that there is really any chance of JBI becoming a success at all. The most they might do is arrange some financing, struggle on a bit longer, but the end is sure to come.

Unless there are radical changes, which Heddle, for all his talk, has not been able to make. Like massive, like simply firing everybody not connected with production. By my calcs, there must be over 100 Salesman (2.7 Mllion * 4/ 100k) and Administrative people that are totally unnecessary that Heddle, if he was worth any bit of his entrepreneurial reputation.. should simply FIRE. Cash flow problem solved.



Star Wreck