InvestorsHub Logo
Followers 36
Posts 3560
Boards Moderated 0
Alias Born 12/11/2009

Re: steelyeye post# 263675

Monday, 03/31/2014 8:14:11 AM

Monday, March 31, 2014 8:14:11 AM

Post# of 312015
totally agree.

Just in case anyone missed this JBI argument, its worth reading again:

"... in order to believe many of the fictional arguments about JBI, one would also need to believe most, if not all of the following:

1-- Islechem, LLC got the initial testing all wrong

2-- The NYSDEC got it all wrong by issuing increasing permits for the processors over a 2+ year period of testing and evaluation

3-- The SAI Corp. 3 day continuous audit was not performed scientifically (notwithstanding the necessary boilerplate disclaimer after the leak of the face sheet was discovered)

4-- The American Society of Mechanical Engineers (ASME) does "faux science" and does not peer-review what they publish (Bordynuik paper)

5-- All of the outfits that have tested JBI end-product fuels are mistaken about their measurements and fuel quality

6-- Processor 3 has not really undergone two extended/continuous runs of about 30 and 42 days

7-- Crayola got it wrong and their partnership with JBI is beneficial to neither party

8-- Reports of fuel sales to US Steel on more than one occasion are all false

9-- If the processors are running well, then JBI should be bragging about it. If they are not bragging, it signals the worst

10-- When Heddle says he is negotiating processor sales, he is really just dissembling like Richard Nixon and blowing smoke.

Common sense tells me otherwise..."

I can't take credit for the above argument, but the positive sequence of JBI events implied by it cannot be denied. I would even add to it:

11. Heddle never invested millions of his own money recently and for several years previously.

12. R. Banerjea, JBI's new, world class CFO, actually has no idea how to evaluate start-up companies.

13. When Heddle said a couple weeks ago that JBI's current "defined strategy" now includes upcoming additions to the Board of Directors, he's just blowing smoke. ROFL!