Can't we cite more authoritative sources than "boots on the ground"? How about a message from the company itself such as what appeared on the website during the third quarter saying that P2O production was proceeding 24/7? Wouldn't a more creditable source than boots on the ground be the production VP who was quoted as saying that business was booming last fall? Rather than boots on the ground, why not rely on the CEO himself who said that tankers were being filled early last year?
The first quarter 10-Q will reveal whether JBII is the business turnaround story of the third millennium or if the latest comments are just part of the continuing scam. Based on how well Bordynuik has managed this company thus far, I place my bet.
3 tankers a week * 8800 gallons per tanker * $3 per gallon = $75k a week revenue. That's barely 1/3 of the $10M per year a single P2O machine is supposed to kick out. And I think my $3 per gallon is probably high for the fuel they are selling.
So they have 1/3rd of a P2O machine running 24x7. Or they have one P2O machine running an eight hour shift a day more likely.
I want to see these things running 24x7. Makes me think they are having process problems when they aren't running them 24x7.
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