EP's Take:
JBI shareholder "Estimated Profit" attended the AGM and shares his opinion about CEO John Bordynuik and JBII:
What a weekend! So many things to cover. It was great to meet everyone. Getting to meet John, Lynn, the BOD, most of the JBI staff, and some of John's family made it an extra special event. I think it says a lot that John's family is invested, and how enthusiastic and supportive they are of him. John was very gracious with his time, and his passion for his company was incredibly infectious. This is the fourth OTC AGM I have attended. This AGM blew them all out of the water. The number of people attending was overwhelming. The look and feel was extremely professional. Hats off to everyone who organized it. A job very well done. I can't wait for everyone to see John's presentation.
The transformation from Blest test machine, to what IsleChem did with it(John said choosing them was the greatest decision the company has made to date), to the machine I just saw is simply amazing. Somerset is the refinery that said they would buy their fuel for $3 - WTI. Many refineries are now saying they would pay $2 over WTI. Its a last resort as they plan to go direct to market with it. The fuel is extremely marketable. No water, no sediment, great viscosity, it's beautiful amber fuel. We saw the lab reports, from Petro something(Chemical maybe).
A HD filming crew was there at the tour.
I asked if they have footage of fuel coming out, and they said they did. Said they hav a lot of great footage. If I read the filming crew correctly,they will be new investors, if not already. Their faces were priceless when I was talking to them. John wants to stuff the facility with processors. They are running on temporary permits, and are in bed with the right people. An 8 hour stack test by the DEC will be performed soon to obtain the "simple air permit". They clearly aren't worried as it needs no scrubbers and is currently running now. John said the DEC typically has one guy come out, but they want bleachers because they are so excited. The automation that John has implemented on the processor is stunning. 59 sensors currently automate and give up to the second data on all parts of the processor to anywhere in the world.
John is clearly in his element, and loving every second of the work he is doing on the automation. John said he plans to PR the run tickets from the processor as soon as they receive the production permit to give everyone a look at the numbers. URS was engaged two weeks ago to give a full audit as well. The screen with up to the second data was really cool. There was a bit of an odor, and it was quite noisy. There were two oil trucks parked outside the facility where the fuel is pumped out to. The processor chamber can be reversed to remove the small amount of waste quickly and efficiently. Permits for New York should expedite the Florida permits.
That's about all I can remember, at this point. We have all found the investment of a lifetime. John has built an incredible shareholder base with friends, family, childhood neighbors, and strong word of mouth. Now, it's time to get all you can before Wall Street and the world to catch up. If anyone walked away with doubts I would be amazed.
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