All JBI has at this point in time is Processor 3's design.
Can we at least agree that its a misstep for Heddle and Bordynuik to not run Processor 3 to prove day in and day out it can deliver what JBI is apparently trying to sell?
What about... first company to actually make money doing this might just eke out some kind of a profit.
Runner up probably screwed.
Any observer's merriment directly correlated to mgmt's ability to outlast their money (which came from investors btw). The only thing they are outlasting is their bank account.
Risk ratchets exponentially as the stock price falls exponentially, usually resulting in efforts to DCA, which are futile, and incur ever exponentially increasing losses.
Plastic to diesel company Vadxx looks to raise $1.5m
15 Apr 2014 plastic170The alternative fuels company Vadxx is looking to raise $1.5m selling equity according to documents filed with the Securities and Exchange Commission.
The company, which makes diesel, gas and solid fuel from waste plastic, has already raised $500,000 and this is its first attempt to raise venture capital, according to the filing.
Vadxx is one of a number of plastics to energy companies that has raised cash over recent months.
On 1 April JBI Energy reported that it had raised $320,000 in a funding round targeting a total of $1m.
JBI Energy partnered with Crayola in September last year to create a program that encouraged students to dispose of used Crayola marker pens through an in-school collection process. Markers are then sent to JBI where they will be used as feedstock to produce diesel and other liquid fuels.
$Alternative fuels developer JBI Energy eyes further funding Vadxx Energy receives backing from Liberation Capital UBS confirms fundraising for €2bn second infrastructure fund Natural gas company NG Advantage raises $5.5m Turbine-maker Wind Power Holdings raises $5m selling equity