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sunspotter

11/02/12 10:56 AM

#202326 RE: exogyra #202324

"The 'pics' of new components and tankers are indisputable evidence of activity"

Hardly indisputable, coming as they do from anonymous sources and no doubt deliberately distanced from any association with JBII itself - plausible deniability is so important in these high profile scams like JBII.

We already know that pictures allegedly coming from "boots on the ground" suggesting activity bear absolutely no relation to the results when eventually published in SEC filings, and it would be foolish to think this time will be any different.

Besides, a story about discovering a magic secret catalyst that can turn plastic into oil a a lower cost than anyone could ever have imagined, that was discovered or engineered decades ago but inexplicably abandoned and forgotten by its inventors only to be re-discovered by Honest John, because it just so conveniently happened to be on one of the very few magnetic tapes that he claims to have processed as part of a different business model, is so risible as to be comical.

Especially when you consider that both before and after the "discovery" of this magic secret catalyst Juicy John has shown himself to be a serial liar.

The reality,of course, is that there is no secret magic catalyst, and that JBII is struggling with same issues that every other P2O producer is struggling with - the profits from the business are marginal at best, and unless there is a major increase in the price of crude, it will likely never be a commercially viable process.