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Justice37

12/23/10 11:59 AM

#85000 RE: jjsmith #84999

Again, nonsense, it takes two employees to operate two machines, a 20 ton and a 30 ton machine. Re-do your math.
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BRIG_88

12/23/10 12:01 PM

#85001 RE: jjsmith #84999

First off your math isn't even close to being right and that has been proven more than once so i won't bother covering it again....second the only one saying Amy got fired is you...prove it...and if true it's a non event that doesn't require the company announce a thing....she isn't an officer of the company...she's an employee....
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Rawnoc

12/23/10 12:11 PM

#85002 RE: jjsmith #84999

Wrong again. That's two employees for TWO processors. The other variable costs were listed in the call and they were miniscule.

And if they're 30 ton processors they probably do at lesat 160 barrels per day each.
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5dollars

12/23/10 1:13 PM

#85028 RE: jjsmith #84999

I have not had enough time to look at the posts today but I wanted to check in on some of my friends. I came across this post and just had to reply.

Nothing like taking a max and making it a min and then say where will the money come from. I’m sure many have pointed out the discrepancies in this post and how the numbers are factually incorrect. I won’t rehash.

I want to give are some other numbers.

Approx (numbers will vary using different platforms)
Total common shares outstanding 50 036 926 insides and stakeholders hold 25.34%

Preferred shares outstanding 1 000 000

Leaving approx 38 100 000 float.

If JBII has only 1500 shareholders that means on average every shareholder has 25 400 shares.

Not a lot of paper to go around…
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cfoofme

12/23/10 2:33 PM

#85042 RE: jjsmith #84999

BOMBSHELL! Better do some better DD. Thats TWO people to run TWO processors!
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stonehenge

12/23/10 3:56 PM

#85093 RE: jjsmith #84999

JJ, you math is false and misleading. I'll give you a lesson in 101 math:

1 pound = 0.45359237 kilograms
2000 pounds = 907.2 kilos
1 kilo converts into 1 liter
1 barrel [US, petroleum] = 158.9872956 liter
907.2 liters = 5.7 barrels per hour.
So far you were close.

1 day = 24 hours (you forgot that miniscule, but crucial part)
Thus: current production per day = 136.94 barrels
This is more than 25% on top of the JBII's earlier mentioned expectations / forecasts (109 barrels/day).

The under promising / over delivering has already begun.