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Rawnoc

04/25/11 1:18 PM

#103345 RE: Artiztic1 #103344

Zero inventory for 50,000 years every single day because Saratoga is just that efficient?

I don't think so. Obviously there's some sort of different accounting treatment for energy producers in some way IMO -- at least that's a more plausible explanation then claiming they produced no fuel and I spent a week watching it being produced because I was tripping on massive amounts of LSD.
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scion

04/25/11 1:21 PM

#103346 RE: Artiztic1 #103344

Source: JBI, Inc. - April 20, 2011 - ... there have been no fuel sales to date...

Although JBI continues to be optimistic about its Plastics2Oil technology, we remind investors that both this technology and the Company as a whole are subject to various risk factors that we disclosed in our amended Form 10-K filed with the SEC on December 16, 2010. Among other things, there have been no fuel sales to date and, although the Company believes that our P2O machines can be operated profitably, there is no assurance that this will occur. Further, the need to obtain necessary licenses, rights and permits in various jurisdictions may adversely affect our business. In addition, we have incurred net losses for each of the last three fiscal years, and cannot assure you that we will be profitable in the future. Finally, our common stock may be classified as a "penny stock," which represents an inherently risky investment. As such our common stock would be subject to rules that impose sales practice and disclosure requirements on broker-dealers who engage in certain transactions involving a penny stock. Investors should carefully review all of the risk factors disclosed in our amended Form 10-K before making an investment decision.

Source: JBI, Inc. - THOROLD, Ontario, April 20, 2011
http://www.globenewswire.com/newsroom/news.html?d=219320
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Steady_T

04/25/11 1:49 PM

#103364 RE: Artiztic1 #103344

What value would you use on the books for that?

It has never been sold, so a market price has not been established yet. What do the accounting rules say about valuing unknown items?

According to some on this board, it has no value, because no one will buy it. Others say it is WTI + 3 or more.

Maybe it is carried on the books at 0 until a market price is established.