InvestorsHub Logo
icon url

Justice37

01/02/11 12:03 AM

#86948 RE: the big guy #86897

Lets get the history straight okay. In 2009, JB asked a few refineries what they would pay for fuel in the range produced in the early testing phase of the company. One company said the Texas Standard -$3, this company went out of business in Feb. 2010, this allowed JB to use their name at the AGM. He also got quotes for more than the Texas Standard (hope that is the right term). As a side not, 10% of crude oil is not usable, so JBI having a barrel of diesel with no waste product, is a big selling point. As the process was refined, the need for a refinery was made redundant, one isn't needed, fuel can be sold directly for use in boilers but for broader commercial applications, all that is needed is a fuel blending site.

I may be funny in thinking this but not needing a refinery because the fuel quality is too good, is not something that would make me concerned with the direction of the company is heading. I can't see this as being a red flag or any other term of concern used on the site. I still don't get how this is a negative in your eyes, enlighten me with some facts.

We've explained the issues with the tape business, JB had to make a decision, he made the correct decision, he does not have time to deal with both. If you want tape information, I can cut and paste some tape business information business if you want.