JBII. Awesome longer term investment here. Fully reporting. 13M Float. Zero dilution, Audited financials, the works:
Plastic2Oil. ===
Video, Prototype:
1. Existing machines are used in China, Thailand, Taiwan, etc to convert Plastic to oil.
2. Bordynuik discovered a catalyst that makes this process much more efficient.
3. After the data is recovered from these tapes (they weigh about 5 lbs each), they will be fed into the machine and converted back to the oil from which they came from in the first place.
4. The oil (in the gasoline range from independent analysis) needs minimal refining, and will be sold into the refining market. He already has buyers.
5. The whole process will be franchised across the country/world. The first franchise has already been bought. 25 additional Joint Ventures are being negotiated.
6. The process will also recover oil from used tires.
7. Of course there is an unending amount of other waste plastic available to be converted to oil. Roughly 8 lbs of plastic = 1 Gallon of fuel.
8. In larger metropolitan areas, the company will run it's own machines.
9. The first big production machine is currently being assembled in Niagra Falls.
NASA Tape Reading
Watch this Video of the CEO John Bordynuik demonstrating his new technology of reading computer tapes from NASA. They get $22/tape. NASA has Millions of tapes to be read. Other companies also need these tapes read. Oil companies have a huge number of old seismic data tapes that can be reanalyzed with current software.
1. CEO, John Bordynuik, is a very well respected scientist with close ties to NASA, MIT, numerous Fortune 100 companies, United Nations, US Army. Website: http://JohnBordynuik.com .
2. Bordynuik has a very profitable private company, John Bordynuik Inc. (JBI) that reads the 'unreadable', i.e. the over 50 million computer tapes from the early computer era (60's-80's). There is a wealth of information on those tapes, and he developed his own tape drives to read these degraded tapes.
3. He has an exclusive contract with NASA and gets paid $22 per tape to recover the data. They are currently processing about 700 tapes a day, but will be processing many more due to new tape drives coming online very soon.
4. Their process can be used on any tapes, both legacy and current.
5. They have recently revolutionized data recovery methods (and Patented these methods), increasing the throughput tremendously, and are exploring applying the technology to disk hard drives as well.
6. A new office in Cambridge, MA has been leased, and will open soon.
310 Holdings (old symbol: TRTN) is now JBI Inc.(JBII) ===
In April 2009, Bordynuik bought a public shell company (310 Holdings), and moved most of the assets and production facilities from his private company (JBI) into the public company. The public company now has a positive balance sheet, with revenues. The transaction was independently audited. The new name of the company is JBI Inc.
The company is fully reporting and compliant. Stock Symbol: JBII
The goal of the company is to move to the NASDAQ exchange within a few months.
The most important message that JB has delivered to shareholders and potential shareholders...
You're witnessing something rare: a company's stock trading without a biased analyst BS'ing you and no stock promoters taking advantage of thousands of people. The company has no free trading shares to sell - its up to our shareholders to spread the word. Our trading pattern isn't odd.. it's what the market would look like without promoters, paid analysts or funds selling their stock to a song and dance.