Hopefully this will clear a few things up. I emailed IR in August and again last week. Here are the reponses that I received.
As of July 20, 2011, we have shipped over 60,000 Litres of Petroleum Distillate to Coco Asphalt Engineering, A division of Coco Paving, Inc., pursuant to the Agreement executed June 10, 2011. The Company will continue to ship fuel on a weekly, per demand basis at a cost of $109.80 per barrel. They are very pleased with our fuel.
The 20 ton processor is running in full production mode and the second processor is under construction.
The Company is making its best efforts to file the Quarterly Report no later than Monday, August 22.
Our feedstock is free or paid to take. We have several hundred tons of free plastic. We have no plastic feedstock needs for the foreseeable future. Canadian Waste Management and Chrysler are supplying a lot of plastic.
The Company remains focused on closing long-term supply agreements for fuel at market prices. Dozens of potential customers are testing JBI’s fuel as part of their procurement process. As discussed at the AGM, customers first request one gallon and they test, then 200 gallons and they test, then an agreement can be made.
We firmly believe that JBI is best served by maintaining active and open communication with current and potential investors regarding JBI's historical performance and future prospects, and we are therefore committed to timely and fair disclosure of information to our shareholders, the financial community and the public.
While we know that we may enhance shareholder value by publicly articulating certain of our strategies, business strengths and growth opportunities, we are also aware of the need for confidentiality about details of key business and operating strategies, and this may at times limit our ability to comment on certain material non-public information for competitive reasons, as well as to assure our full compliance with applicable securities laws related to fair disclosure.
We are stewards of our shareholders' investments and we take that responsibility very seriously. We are committed to increasing long-term shareholder value.
That was received August 19,2011.
This was received October 5,2011.
Thank you for your inquiry and your support for JBI, Inc.
The Company remains focused on the development of its P2O business and we continue to execute the business plan as stated in the last Form 10-Q and AGM.
We are working closely with RockTenn on executing the first processors for this highly profitable business venture. The pilot site has been selected, but is not being disclosed at this time.
We have a lab that tests the fuel, in addition, the companies we sell to perform their own tests. At this time, we are not able to disclose the exact amounts or who has been testing our fuel.
We are building a foundation for long-term growth and the company fully intends to inform the market and its valued investors of material developments as soon as it is able to do so.
GLTA Longs,
Tson99
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