June 5th, 2009 - To the shareholders of 310 Holdings Inc:
I, John Bordynuik, have recently acquired 63% of 310 Holdings Inc (TRTN).
I will not affect a reverse stock split of TRTN. I will not reverse merge another company into TRTN.
TRTN will be in a state of transition. I expect this to occur over the next month as I hire engineers, staff, move resources, and acquire a building for TRTN. TRTN will acquire assets, technologies and companies that have great value and would be profitable if they weren't so severely overleveraged with debt, excessive staff, and other draining systems. TRTN will also monetize IP that I presently own, or IP gained from mining old data. I have a significant reputation in the magnetic media and data migration industry which I believe will benefit the shareholders of 310 Holdings Inc. I also have an excellent working relationship with NASA and many other organizations which will positively affect the integrity and opportunities of this company.
In early April I participated in Harvard's Corporate Restructuring, Mergers, and Acquisitions - Creating Value in Turbulent Times. I have a new network of acquaintances who share my business views and have offered assistance. There are many opportunities in the US and I will focus our efforts in sectors that my staff and I have experience in.
As always, my primary focus is to maximize shareholder value. This can be best executed with the right new technology, assets, and talent. Regards,
John Bordynuik President and CEO 310 Holdings Inc. 289-668-7222 john*310holdings.com
z
[ November 02, 2009, 14:23: Message edited by: Bob Frey ]
Posted by zardiw on :
News coming soon........et z
Posted by zardiw on :
Latest News:
310 Holdings Inc. Enters Into Definitive Asset Purchase Agreement With John Bordynuik Inc.
NIAGARA FALLS, Ontario, June 25, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN) today announced that it has entered into a definitive agreement to purchase certain assets of John Bordynuik Inc., including all of its intellectual property, its custom tape processing hardware, its Swahili data migration system, fixed assets, and its current customer base subject to certain closing conditions and adjustments. The consideration for the acquisition of the assets are restricted common shares of 310 Holdings Inc. equal to the value of the assets.
Provided all conditions to closing are met, 310 Holdings Inc. anticipates closing this Asset Purchase Agreement on or about July 15, 2009. This proposed transaction will affect 310 Holdings Inc. quarterly financial statements. Through the agreement, 310 Holdings Inc. is able to use the hardware to immediately service existing clients of John Bordynuik Inc. which includes processing thousands of tapes from NASA. In fact, John Bordynuik Inc. was awarded purchase orders to read tapes for NASA based on FAR 13.106(b)(1) "only one source reasonably available".
John Bordynuik Inc. designed specialized hardware and software to read old computer tapes from the 1960s to present. There exist millions of tapes of seismic and earth science data with invaluable information that is inaccessible without this technology.
310 Holdings Inc. will continue to charge a flat rate fee of $22 per tape for volume data recovery migration services. None of JBI's liabilities are being assumed by 310 Holdings Inc. The fixed assets are presently valued at approximately $500,000 after depreciation. This equipment includes in excess of 15 multi-core HP servers in a cloud configuration, dozens of HP workstations, a complete 40-foot mobile data recovery container loaded with 18 tape drives and JBI technologies to read tapes off-site; another 45 customized tape drives; and other related supporting assets.
In addition, there is approximately $1M in other related hardware and assets that the Company intends to purchase from John Bordynuik Inc. which are presently being inventoried and catalogued for the final purchase.
This is an arms-length agreement between 310 Holdings Inc. and John Bordynuik Inc. by President and CEO John Bordynuik, who is the majority shareholder in both 310 Holdings and John Bordynuik Inc. The sale is being audited and all relevant filings with adjusted balances will be filed in a timely manner after the Closing Date.
John Bordynuik, President and CEO of 310 Holdings Inc., said, "We expect the acquisition to have an immediate and significant impact on our financial results. This asset purchase will allow 310 Holdings to read tapes to realize the revenue of migrating data of customers' tapes at a flat rate of $22 a tape and then recycle the old tapes by using our Plastic2Oil processor. As we are currently paid by clients to recycle these tapes, this will effectively cause a negative feedstock cost into our Plastic2Oil processor. These old tapes weigh approximately 2 kg each with their plastic cover, and we believe we will be able to produce 2 liters of fuel from every recycled tape. Through this acquisition, we have approximately 50 tons of tapes to read, to migrate the data and to recycle in our Plastic2Oil processor, 20 tons immediately."
Management believes an 8k will be filed on or about Friday, June 26, 2009 detailing the purchase.
About 310 Holdings Inc.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 24, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company. Management has commenced operations with Plastic2Oil, a process and service that extracts fuel from plastic. 310 Holdings Inc. is incorporated in the State of Nevada and is publicly traded on the NASDAQ OTCBB under the symbol "TRTN".
CONTACT: 310 Holdings Inc. John Bordynuik, President and CEO +1 (289) 668-7222 john*310holdings.com Investor Relations Katie Matkowski +1 (289) 296-5538 Katie*310holdings.com
z
Posted by T e x on :
Interesting.
Thanks for the hedzup, z...
Posted by zardiw on :
=== Executive Summary. ===
1. CEO, John Bordynuik, is a very well respected scientist with ties to NASA, MIT, numerous Fortune 100 companies, United Nations, US Army. Website: http://JohnBordynuik.com .
2. Bordynuik has a very profitable private company that reads the 'unreadable', i.e. the over 50 million computer tapes from the early computer era (60's-80's). There is a wealth of information on those tapes, and he developed his own tape drives to read these degraded tapes.
3. He has a contract with NASA and gets paid $22 per tape to recover the data. They are processing about 700 tapes a day.
310 Holdings ===
In April, 2009, Bordynuik bought a public shell company, and moved most of the assets and production facilities from his private company into the public company. The public company now has a positive balance sheet, with revenues.
The company is fully reporting and compliant. Stock Symbol: TRTN
Share Structure: 53M OS, of which 40M Restricted is owned by Bordynuik. That leaves a float of only 13M shares.
The goal of the company is to move to the NASDAQ exchange within a few months. CEO will not consider FSing the stock until after it gets to NASDAQ, if then.
Plastic2Oil. ===
1. Existing machines are used in China, Thailand, Taiwan, etc to convert Plastic to oil.
2. Bordynuik discovered a catalyst that makes this process much more efficient.
3. After the data is recovered from these tapes (they weigh about 5 lbs each), they will be fed into the machine and converted back to the oil from which they came from in the first place.
4. The oil needs minimal refining, and will be sold into the diesel market. He already has buyers.
5. The whole process will be franchised across the country/world. The first franchise has already been bought.
6. The process will also recover oil from used tires.
7. Of course there is a huge amount of other waste plastic available to be converted to oil..
8. In larger metropolitan areas, the company will run it's own machines.
Bottom Line. ===
In 37 years of investing in stocks, I have never seen a more promising company. I am extremely excited about the prospects for TRTN. Even the symbol has a nice way to remember it (That's Right, Top Notch).
1) The costs reflected in the pro forma financial are for the entire quarter. 2) We are profitable after 2 days of processing tapes. 3) The asset purchase was audited by James Gately.
We had the asset purchase audited to ensure everything was properly accounted for, because it was an arms-length transaction, and because there are so many scams on the OTC.
Regards,
John Bordynuik CEO 310 Holdings Inc
Collaborative Researcher Math and Computation Group Computer Science and Artificial Intelligence Laboratory Massachusetts Institute of Technology john*csail.mit.edu http://people.csail.mit.edu/john
z
Posted by zardiw on :
TRTN 10Q is coming out in a few days. It will reveal the value of this new company in detail..........z
Posted by zardiw on :
Actual Screenshot of Data Recovery. From MIT website:
The screenshot above is from an MIT ITS 7-track tape. The data tracks 0-5 + Parity above are amplified, deskewed, and zoomed to emphasize the magnetic flux transitions. In this case, a flux transition represents a "1" and no transition represents a "0". The 8th trace is a timing waveform relative to tape speed. Since the circuitry and biasing/amplifiers have such a high SNR, the drive is able to detect a very weak bit -- in most cases, 1/10 the amplitude of a average bits amplitude.
z
Posted by zardiw on :
From the Transfer Agent (Verified SS on 7-21 myself): Transfer Agent and Registrar
PACIFIC STOCK TRANSFER COMPANY 500 E. Warm Springs Road, Suite 240 Las Vegas, NV 89119
"We've got the world's largest engineering information archive," he said.
"The data is highly valuable.
"Today, everything about information is valuable. We can turn it into money."
- John Bordynuik, CEO
Posted by zardiw on :
NEWS: 310 Holdings Inc. is Opening a New Cambridge Tape Reading Facility
NIAGARA FALLS, Ontario, July 28, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) is pleased to announce the scheduled opening of their new tape-reading facility at 500 Technology Square, Suite 150, Cambridge, MA on August 3, 2009. This state-of-the-art site will be housing 18 tape drives employing the Company's latest generation of its proprietary, highly effective magnetic media reading technology. Each shift, run by just one staff member, can process 576 open reel tapes. These highly-automated drives can each read one tape every 15 minutes. Cartridge media will also be processed, further augmenting the Company's revenue stream. Management believes this site will be fully operational by the end of August.
John Bordynuik, 310 Holdings Inc. President and CEO commented, "We look for this division to be highly profitable, since we have an abundance of business and have already fully paid for the hardware. We will net about $22 per tape with a cost factor of approximately $1.50 for each one. The low cost at this facility is due to a number of factors including: highly automated technology, very low material handling involved, the drives are fully paid for, engineering is complete, and the cost of this facility is less than $150,000/year with very low step costs for additional shifts."
The Company will immediately begin to direct some tape processing to this new facility as well as process tapes that cannot be exported from the United States.
A detailed update on 310 Holdings' Plastic 2 Oil process will be announced soon.
About 310 Holdings Inc.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 23, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company.
On June 25, 2009, 310 Holdings Inc. announced a definitive agreement to acquire certain assets of John Bordynuik Inc., including all of its intellectual property, its custom tape processing hardware, its Swahili data migration system, fixed assets, and its current customer base subject to certain closing conditions and adjustments. Provided all conditions to closing are met, 310 Holdings Inc. anticipates closing this Asset Purchase Agreement on or about July 15, 2009.
Plastic2Oil benchtop machine (basic unit made in Japan by Blest) – we modified it to quickly test our catalyst in small quantities. We added a feeder (1kg, and a nitrogen purge (clear tube to machine). We load the feedstock (plastic) in the hopper and purge with nitrogen into the main tank (with our catalyst). The gas from the main tank then travels through a tube to a water tank. The water tank is a simple way to cool the gas and collect the oil (on the water). We can then test the water and the oil. There are 3 valves on the water tank. One to add water, one to takeoff the oil and there is a valve for C1-C4 (propane gas).
This simple lab unit allows us to test our catalyst in small quantities to get the best possible mix. Then we can scale it for the large processor. The original unit (as designed in Japan) does not use a catalyst and is highly inefficient (energy wise) so making oil without a catalyst is not profitable.
Our large volume processor uses a large 15MT tank with an agitator. It also does not use water “directly” to cool the gas – i.e.: water does not come into contact with the gas or fuel. In our large processor, we use industry standard condensers that are water cooled. The cooling water is isolated from the rest of the system and is recycled entirely. There is no effluent.
Gas Chromatograph: This is our gas chromatograph that we use to analyze the fuel (in house) to determine the proper and best mix of our catalyst.
FYI, 1 Kilo of plastic was expected to take 4 hours to process. The actual time it takes is 15 minutes. 15 metric tons of plastic are expected to take less then 2 hours to process. Confidential data has been protected with John's hand
The chemical analysis will be released after the data has been confirmed by an independent lab. As is, and based on JBI's own analysis, the diesel extracted from plastic is more pure then the actual diesel.
The large stacks of tapes that are ready to process can be seen in the background.
z
Posted by oldseven on :
Zardiw, how are you related to this company? When is 10Q being released? What is next hurdle for the company? Any time-line?
Posted by zardiw on :
NASA Baby....
Millions of tapes at $22 a pop: TRTN gonna be raking it in:
quote:Originally posted by oldseven: Zardiw, how are you related to this company? When is 10Q being released? What is next hurdle for the company? Any time-line?
I've got 90% of my portfolio in TRTN..I have SEEN the possibilities here........10Q coming out very soon. Big machine almost arrived. Exclusive NASA procurement about to be announced.......This company ROCKS!!!!!............z
Posted by zardiw on :
Hmmmmmmm.................
facilitate two future acquisitions that align with 310 Holdings Inc.'s growth model.
The article is from July 15 and says nothing new.
Posted by oldseven on :
quote:Originally posted by zardiw:
quote:Originally posted by oldseven: Zardiw, how are you related to this company? When is 10Q being released? What is next hurdle for the company? Any time-line?
I've got 90% of my portfolio in TRTN..I have SEEN the possibilities here........10Q coming out very soon. Big machine almost arrived. Exclusive NASA procurement about to be announced.......This company ROCKS!!!!!............z
Big machine almost arrived - When will it arrive and where is it going? When will it be operational?
NASA Procurement about to be announced - Where do you get this info from?
Posted by zardiw on :
TRTN News. Up 30%:
310 Holdings Inc. Announces an Impending Letter of Intent
NIAGARA FALLS, Ontario, Aug. 10, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) has completed its due diligence analysis on a profitable chemical company and anticipates executing a Letter of Intent for its impending acquisition in the immediate future. This well-managed company currently has annualized revenues in excess of $7 million, is growing at a robust rate and has already exceeded revenues by 41% compared to the last fiscal year. Its customer base includes many prominent national and local retailers. No difficulties with financing or integration planning are anticipated. Full details will be announced upon completion of the LOI.
John Bordynuik, 310 Holdings Inc. President and CEO, stated, "We feel that this acquisition will be a perfect complement to our growth model as demand for its patented and proven product is expected to continue to accelerate, while maintaining an excellent profit margin. Also, we will be able to share chemists, marketing, and sales teams, as well as have an additional site with ample room to set up Plastic 2 Oil processors. Our Company will continue to focus on our strong internal growth divisions as well as make synergistic acquisitions that will dynamically grow shareholder value, while creating a win-win situation for all participants."
A detailed announcement on the Company's Plastic 2 Oil division will be forthcoming shortly.
About 310 Holdings Inc.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 23, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company.
On July 16, 2009, 310 Holdings Inc. acquired certain assets of John Bordynuik Inc., including all of its intellectual property, its custom tape processing hardware, its Swahili data migration system, fixed assets, and its current customer base subject to certain closing conditions and adjustments.
Maybe this is your stock........et z
Posted by zardiw on :
NIAGARA FALLS, Ontario, Aug. 11, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) has received confirmation from RS Marine that their initial Plastic to Oil processor will arrive at port on August 16, 2009 in two 40-foot shipping containers and will then be shipped by rail and truck to the first processing site. An engineer is coming from China to assist with assembly and operation. Assembly of the processor is estimated to take approximately 3 weeks, and the machine will then be retrofitted with the Company's catalyst system as soon as it is functional.
Initial test results have been extremely positive. A number of different plastics, including ground up tape plastic from the 1960s, have been tested. Gasoline and diesel fuels, acquired from local gas stations, were also tested and used as a control sample. The very encouraging results determined that 1 liter of Octane, with better than an 85% yield, could be produced in just 15 minutes.
John Bordynuik, 310 Holdings Inc. President and CEO, commented, "We are very excited about these results and look forward to operating our first large processor in the United States and, moreover, we feel that we can provide a viable solution to the world's plastic recycling problem with our revolutionary technology. Since it takes plastic some 500 years to photodegrade in landfills, our P2O process will help to minimize that problem, while providing essential fuel for consumers."
To date, the Company has received numerous sample plastics from various sources, including a large auto manufacturer in Windsor, Canada. 310 Holdings, Inc. is then able to analyze yield, quality, and other factors to determine which plastics will maximize profitability.
Management has found no lack of raw source material for free, since there is a vast quantity of unrecyclable plastic that currently costs the suppliers and municipalities $80 or more per ton to dispose of in landfill in addition to potentially expensive transportation costs.
Also, upon the completion and closing of the chemical company acquisition, the Company will be able to use this facility for production of their catalyst in a sealed plastic container for deployment to new sites, while also producing smaller packets to "top up" the catalyst in operating facilities. The shared resources would include a team of highly skilled acquisition executives, a chemistry lab and QC lab, a proven marketing and sales team, a knowledgeable staff, and a site on which to run a P2O processor.
1. Current Filings - Check 2. Audited Financials - Check 3. Low share structure - 53M - Check 4. UnGagged TA - Check 5. Meaty PR's with no fluff - Check 6. Honest, reputable CEO - Check 7. Viable Business Plan - Check 8. Earnings - Check 9. Future Growth - Check 10. Unique Products/Services - Check 11. No Red Flags - Check
z
Posted by buckstalker on :
12. Pumper that won't answer simple questions about his affiliation with the company - Check
Posted by oldseven on :
quote:Originally posted by buck*******: 12. Pumper that won't answer simple questions about his affiliation with the company - Check
Hey buck you beat me to it!! LOL
Posted by zardiw on :
From the CEO:
1. The 10Q will be out tomorrow at the latest.
2. The 14c at the same time or shortly after.
3. The chemical company acquisition is just a matter of paperwork at this point.
4. He said there is ZERO difference between how the small machine and the bigger machine being shipped works.
5. The first machine is going on a flatbed truck so they can take it from site to site and demonstrate how it works.
6. The company will own the first 3 or 4 machines and keep 100% of the profits from them.
7. He is going to send me a spreadsheet showing exactly how the operating costs and profits break down.
z
Posted by oldseven on :
quote:Originally posted by zardiw: From the CEO:
1. The 10Q will be out tomorrow at the latest.
2. The 14c at the same time or shortly after.
3. The chemical company acquisition is just a matter of paperwork at this point.
4. He said there is ZERO difference between how the small machine and the bigger machine being shipped works.
5. The first machine is going on a flatbed truck so they can take it from site to site and demonstrate how it works.
6. The company will own the first 3 or 4 machines and keep 100% of the profits from them.
7. He is going to send me a spreadsheet showing exactly how the operating costs and profits break down.
z
1. Seeing as how you seem to have direct contact to CEO could you get me on the list to have the first machine trucked here and demonstated?
2. How large are these machines(processors)?
3. How much are these machines(processors)?
4. Where are these machines being built?
5. How long does it take to manufacture a machine(processor)?
6. Is there a list of buyers for these machines(processors)?
7. How long before I can get a machine(processor)?
8. Is there a warranty with the machine(processor)?
I am very interested in a processor for our area. Please let me know how we can obtain one.
Thanks!!
Posted by oldseven on :
I do not see the 10Q that was promised out "today at the latest". Whats the next promise date? Let me guess , before Sept. 5th?
I would really like to get one of these processors. Or at least see it in action. If you could help me do that it would be appreciated. I think I can sell a few around my area. Thanks!
Posted by oldseven on :
Never mind, found it - they say it will be filed on Aug 17th.
Posted by IWISHIHAD on :
Hope this helps some Oldseven.
310 Holdings Inc. Provides Shareholder Update and Will File 10Q On Monday, August 17 Press Release Source: 310 Holdings Inc. On Friday August 14, 2009, 4:26 pm EDT Buzz up! 0 Print NIAGARA FALLS, Ontario, Aug. 14, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) retains Gately and Associates as its new auditor and will file the 10Q on Monday.
John Bordynuik, President and CEO of 310 Holdings, Inc., received notice this week that 310 Holdings' original auditor, Moore and Associates, had unexpectedly retired, without giving the Company sufficient notice. Moore and Associates assured management that they had another PCAOB Registered Auditor ready to take over auditing for 310 Holdings, Inc.
However, management was informed yesterday that the newly-referred auditor would not be able to complete their review of 310 Holdings, Inc. in time to file their 10Q as scheduled, since they had a backlog of six other companies.
John Bordynuik, CEO and President, commented, "James Gately did manage to review the 10Q, but unfortunately, due to time constraints, the round of approvals required to edgarize and file another 8k, and 10Q by the SEC cutoff time was impossible. We will file the 10Q August 17."
The Company apologizes for this unfortunate delay, but feels confident that with the election of Gately and his team, 310 Holdings will be able to ensure timely filings in the future.
Additionally, the Company wishes to advise shareholders that events and material news are unfolding at a rapid pace. Therefore, 310 will be forthcoming with numerous press releases to keep the investment community informed as to its progress. Keeping investors updated on the corporate web site or through emails is not an acceptable method to disseminate public information pursuant to SEC disclosure rules. Unless the SEC allows public companies to disseminate information by other means, the Company will continue to update shareholders and investors through the public media.
310 Holdings, Inc. strives to remain clean, compliant, and transparent with its investors and will therefore continue to release frequent press releases to keep everyone up to date as the Company expands and grows.
Furthermore, the Company is in the process of retaining a competent and very experienced investment professional to handle all investor relations duties, including communications with the media and shareholders as well as writing press releases. Details will be announced shortly.
About 310 Holdings, Inc.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 23, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company. 310 Holdings Inc. signed a definitive agreement to acquire and continue tape data migration and transcription services of John Bordynuik Inc. on June 25, 2009.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of 310 Holdings Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Posted by IWISHIHAD on :
17-Aug-2009
Changes in Registrant's Certifying Accountant, Financial Statements and Exhibi
Item 4.01 Change in Registrant's Certifying Accountant. On August 14, 2009, we dismissed Seale and Beers, CPAs ("Seale") as our independent registered public accounting firm. We engaged a new independent registered public accounting firm, Gately & Associate, LLC ("Gately") on August 14, 2009. Pursuant to Item 304(a) of Regulation S-K under the Securities Act of 1933, as amended, and under the Securities Exchange Act of 1934, as amended, we report as follows:
(a) (i) Seale was dismissed as our independent registered public accounting firm effective on August 14, 2009. (ii) Seale has been our auditors since August 11, 2009 and Seale has not filed any reports on our financial statements and therefore did not contain any adverse opinions or disclaimers of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles, other than for a going concern. (iii) The termination of Seale and engagement of Gately was approved by our board of directors. (iv) We and Seale did not have any disagreements with regard to any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure for the audited financials and subsequent interim period through the date of dismissal, which disagreements, if not resolved to the satisfaction of Seale, would have caused it to make reference to the subject matter of the disagreements in connection with its reports. (v) During the period from August 11, 2009 through the date of dismissal, we did not experience any reportable events. (b) On August 14, 2009, we engaged Gately to be our independent registered public accounting firm. (i) Prior to engaging Gately, we had not consulted Gately regarding the application of accounting principles to a specified transaction, completed or proposed, the type of audit opinion that might be rendered on our financial statements or a reportable event, nor did we consult with Seale regarding any disagreements with its prior auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the prior auditor, would have caused it to make a reference to the subject matter of the disagreements in connection with its reports. (ii) We did not have any disagreements with Seale and therefore did not discuss any past disagreements with Seale.
(c) We have requested Seale to furnish us with a letter addressed to the SEC stating whether Seale agrees with the statements made by us regarding Seale. Attached hereto as Exhibit 16.1 is a copy of Seale's letter to the SEC dated August 14, 2009.
Item 9.01 Financial Statement and Exhibits.
Posted by oldseven on :
Does this really say anything? They hired a new accountant because they did not like there old accountant after 3 whole days?
Has 10Q been filed? I have not had time to look yet.
Posted by IWISHIHAD on :
Quote Oddseven:
"Has 10Q been filed? I have not had time to look yet."
_________________________________________________
It doesn't appear to be.
I am not sure what there saying except that it is coming, welcome to the pennies or in this case the buck thirties
Posted by IWISHIHAD on :
I actually put a few bucks in this one.
The plastics break down is where my main concern is about the this play.
Their other investments seem fine from the little bit i know, but the big dog to me is the machine and how well it works.
This one can go either way in a hurry depending on how legit it is, of course that's always the big question with pennies.
Posted by oldseven on :
quote:Originally posted by IWISHIHAD: I actually put a few bucks in this one.
The plastics break down is where my main concern is about the this play.
Their other investments seem fine from the little bit i know, but the big dog to me is the machine and how well it works.
This one can go either way in a hurry depending on how legit it is, of course that's always the big question with pennies.
I am waiting before I invest. I would rather purchase a processor if that's possible. No 10Q yet as promised - AGAIN. I assumed that would happen. Well maybe it will be out today. Maybe z**** knows something and can enlighten us.
Posted by zardiw on :
TRTN 10Q is out: $47,600, 'The company is reporting two days of revenue for June 29, and June 30, 2009.'
Yes, with a net profit of $19,300!! That makes this a 50 cent stock currently IMO.
I will wait to see what happens from here. New facility, new larger processor, more tape readers, etc.
I still would like to get one of these processors in my area. How soon can I do that? Heck, I will even build it myself in my own manufacturing and machining facility - we are slow anyways. Can I buy the plans or at least quote on making these processors here in the USA?
Posted by zardiw on :
TRTN Large Production Machine to arrive any day now..........z
Posted by oldseven on :
quote:Originally posted by zardiw: TRTN Large Production Machine to arrive any day now..........z
Arrive where? Is this the machine that is going on a truck for demonstrating? Or is this the large processor that will have a permanent home? How long before its fully operational? Will we be able to see this in operation?
Posted by buckstalker on :
LOL...Paid pumpers don't answer questions old7
Posted by IWISHIHAD on :
Quote another board:
"Large Production Machine has arrived in Toronto. Toronto to Niagara Falls: 73 miles..........."
This is the first of the machines arriving from China.
It's going to be assembled and tested in Niagara Falls from what i gather, which is suppose to take several weeks. I would imagine they will have to work out some kinks, i would guess it might take longer.
I think they are waiting to see what type of production they get out of it, even though they have run trials on a prototype. They have several options that have been talked about including franchising it.
This is what i have gathered so far. I don't think they have everything planned out yet, probably figure if it works real good they have many options.
We will see.
The tape reading part of the business is rather interesting also, a lot of old tapes from NASA, millions of pounds. Sounds like this part of the business is already starting to generate good revenues.
I am just watching, reading and seeing what happens, all sounds good now, we will see what actually materializies in the longer run.
Posted by oldseven on :
Where in Niagara Falls? I would like to go see the actual space this Processor will occupy. I can then get a feel for the size of this operation. Can I assume the facility where this Processor will be housed is already completed and there are several hundred tons of plastic waiting to be converted? Converting that many tons of Plastic-2-Oil has got to take up several acres of land. Is this garbage(sorry-I mean free plastic) stored outside or inside? At the rate this thing will convert Plastic-2-Oil, we must be talking several large pieces of heavy machinery, miles of automatic conveyors, several trucks, tankers, etc. All this equipment already in place and waiting for the Processor to go on-line? Just how many tons of platic can one semi trailer hold?
I am involved with a local business that converts corn(and some other foods) to milk. They have over 5,000 machines doing the converting on a 24 hour bases. The amount of acerage needed for the input of these machines, the tankers to store and haul the milk, and the waste produced by the machines is very very costly. I can safely say in the millions.
I will try and visit the site and get more answers. Is this a good time of year to travel to Niagara Falls?
Posted by IWISHIHAD on :
I am just taking a few things from another board.
I've never found a good time to visit Niagara Falls, maybe some day, but getting a little older now, so very unlikely.
I am just investor trying to follow some of the things going on and take my best guess at this stock, like always.
Sounds like your more interested in doing business with them.
You might want to just call the company.
Here are a few things that maybe will help you get your answers.
All of Mr. Bordynuik's personal shares are restricted (40M) and can only be sold directly to investment banks or others in private transactions. None can be sold through the exchange. (This usually takes weeks to months, and would be reflected in the filings).
PACIFIC STOCK TRANSFER COMPANY 500 E. Warm Springs Road, Suite 240 Las Vegas, NV 89119
Tel: (702) 361-3033 Fax: (702) 433-1979 E-mail: info*pacificstocktransfer.com
Posted by IWISHIHAD on :
Oldseven, it appears that some of your questions are answered on the first page.
I just went back and read it again.
Looks like i just repeated some of the things already posted here by Zardiw.
Posted by zardiw on :
Large Production Machine has arrived.......will be operational in 3 weeks.......z
Posted by oldseven on :
quote:Originally posted by zardiw: Large Production Machine has arrived.......will be operational in 3 weeks.......z
Arrived where? Can I go see it in operation? Will they have tours?
Posted by zardiw on :
quote:Originally posted by buck*******: 12. Pumper that won't answer simple questions about his affiliation with the company - Check
I have no affiliation with the company...all my shares were bought with my own money.....Saw the original 8K....company came up on a scan on proprietary software I run daily.......sorry didn't reply sooner......didn't think anybody was even posting on her but me........z
Posted by zardiw on :
quote:Originally posted by oldseven:
quote:Originally posted by zardiw: TRTN Large Production Machine to arrive any day now..........z
Arrive where? Is this the machine that is going on a truck for demonstrating? Or is this the large processor that will have a permanent home? How long before its fully operational? Will we be able to see this in operation?
Arrived already in Niagara Falls, ONT. It will be assembled on a flat bed truck, so it can be operated at various locations.......z
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: I actually put a few bucks in this one.
The plastics break down is where my main concern is about the this play.
Their other investments seem fine from the little bit i know, but the big dog to me is the machine and how well it works.
This one can go either way in a hurry depending on how legit it is, of course that's always the big question with pennies.
You're not going to find a more legit company.....bank on it......Total Transparency.....I did my homework on this company, and its CEO, and it's Top Notch all the way..........z
Posted by zardiw on :
quote:Originally posted by oldseven:
quote:Originally posted by zardiw: TRTN 10Q is out: $47,600, 'The company is reporting two days of revenue for June 29, and June 30, 2009.'
Yes, with a net profit of $19,300!! That makes this a 50 cent stock currently IMO.
I will wait to see what happens from here. New facility, new larger processor, more tape readers, etc.
I still would like to get one of these processors in my area. How soon can I do that? Heck, I will even build it myself in my own manufacturing and machining facility - we are slow anyways. Can I buy the plans or at least quote on making these processors here in the USA?
Call John...John Bordynuik 905 354-7222 x226 tapes*johnbordynuik.com ..he's readily available......lock up a franchise in your area....and maybe you can make a deal with him as far as building these....He's going to be making some modifications to the original design, so he could probably use your services......I believe one franchise in NY has already been locked up.......I'm going to open one in my home town........z
Posted by zardiw on :
quote:Originally posted by buck*******: LOL...Paid pumpers don't answer questions old7
Sorry ........wasn't even looking to see who had responded......Thought I was the only one posting on her...........z
Posted by zardiw on :
quote:Originally posted by oldseven: Where in Niagara Falls? I would like to go see the actual space this Processor will occupy. I can then get a feel for the size of this operation. Can I assume the facility where this Processor will be housed is already completed and there are several hundred tons of plastic waiting to be converted? Converting that many tons of Plastic-2-Oil has got to take up several acres of land. Is this garbage(sorry-I mean free plastic) stored outside or inside? At the rate this thing will convert Plastic-2-Oil, we must be talking several large pieces of heavy machinery, miles of automatic conveyors, several trucks, tankers, etc. All this equipment already in place and waiting for the Processor to go on-line? Just how many tons of platic can one semi trailer hold?
I am involved with a local business that converts corn(and some other foods) to milk. They have over 5,000 machines doing the converting on a 24 hour bases. The amount of acerage needed for the input of these machines, the tankers to store and haul the milk, and the waste produced by the machines is very very costly. I can safely say in the millions.
I will try and visit the site and get more answers. Is this a good time of year to travel to Niagara Falls?
As I said earlier......just call the CEO.......he'll be happy to answer your questions.......and you may get some work as well.........z
Posted by zardiw on :
OK....I'll make sure to check for responses from now on.......Will see if there's an EMail option here........z
Posted by zardiw on :
I give up.....can't figure out how to get EMail's on responses.....maybe somebody can clue me in.......z
Posted by T e x on :
Amigo,
As far as I know, that feature is not enabled here. You can choose to let admin contact you, and for notification of PMs, but not anytime someone responds to you.
I'll ask Bob.
Posted by T e x on :
btw, fellas, zardiw is a colleague.
For newbies: that doesn't mean I'm saying to buy/trade this stock. By the same token, I'm not raising a red flag.
As always, do your own DD. Posted by buckstalker on :
Thanks Tex...
Whenever I see a poster on here touting a stock and then refusing to answer legitimate questions about it or themselves, it moves me to question their intent...
My apologies zardiw...
Posted by IWISHIHAD on :
The big question here... Tex, Buck******* in or out Posted by IWISHIHAD on :
How come my post showed up that way with only buck showing?
It deleted the second part of his name.
Posted by T e x on :
quote:Originally posted by buck*******: Thanks Tex...
Whenever I see a poster on here touting a stock and then refusing to answer legitimate questions about it or themselves, it moves me to question their intent...
My apologies zardiw...
No apologies necessary, amigo. You and I have busted some of the slicker, slimier PnD con-men out there.
Posted by buckstalker on :
It always does that to me Iwish...I have no idea why
As far as in or out...I am not in as of yet...interested, but hven't pulled the trigger yet...I don't like the volume
Posted by T e x on :
quote:Originally posted by IWISHIHAD: How come my post showed up that way with only buck showing?
It deleted the second part of his name.
part of Bob's filters...
same with b l o g
I don't agree with it, but then? It's never bothered me enough to mention it.
What do you guys think?
Posted by T e x on :
quote:Originally posted by IWISHIHAD: The big question here... Tex, Buck******* in or out
Truthfully, I'm not trading much right now. You know how it is when you lay off for a while.
Will say this: this looks like it may be a real company. Whether it's a trading stock, I dunno. As you all know, I'm not an investor.
For instance, I completely missed FHAI the other day...
Posted by IWISHIHAD on :
Originally posted by Buck:
"As far as in or out...I am not in as of yet...interested, but hven't pulled the trigger yet...I don't like the volume"
_________________________________________________
Been watching that also.
I am in and i like what they say.
Great ideas and great potential and definitely different. If we only knew for sure we would all be rich.
Although the last Canadian penny i was in was about three years ago.
There were several of us here that did some real chasing around to find out where it went, one guy was up in Canada.
Tracked the CEO back to three different companies.
Seems like one was PAIM and a couple of other ones.
Cleared out and ran with the money, tracked part of it to a PO. Box in WASH.
I don't remember all the details, i try and forget those.
Hopefully this one works out better. Posted by IWISHIHAD on :
Originally posted by Tex:
"Truthfully, I'm not trading much right now. You know how it is when you lay off for a while.
Will say this: this looks like it may be a real company. Whether it's a trading stock, I dunno. As you all know, I'm not an investor.
For instance, I completely missed FHAI the other day..."
_________________________________________________
I sure hope everything has gotten back closer to normal for you now.
Things like what happen to you kinda change the priorities a bit.
Trading probably wasn't the biggest thing to worry about, although it can be fun when making money.
I have caught a few decent one's and kept my losses down, since jumping back into the pennies.
I would like to keep it going that way, but who knows.
Take Care Tex!
Posted by oldseven on :
I believe one franchise in NY has already been locked up.......I'm going to open one in my home town........z
Zardiw, whats it take to open one?
And yes, I did send John an e-mail.
Posted by oldseven on :
quote:Originally posted by zardiw:
quote:Originally posted by oldseven:
quote:Originally posted by zardiw: TRTN Large Production Machine to arrive any day now..........z
Arrive where? Is this the machine that is going on a truck for demonstrating? Or is this the large processor that will have a permanent home? How long before its fully operational? Will we be able to see this in operation?
Arrived already in Niagara Falls, ONT. It will be assembled on a flat bed truck, so it can be operated at various locations.......z
One container arrived, the second is still at customs.
Posted by zardiw on :
TRTN purchases Javaco, Inc.!!!
Item 1.01 Entry in a Material Definitive Agreement.
On August 24, 2009, 310 Holdings, Inc. (the “Company”) and Domark International, Inc. (“Domark”) closed a Securities Purchase Agreement (the “Agreement”) whereby the Company purchased 100% of the issued and outstanding common shares of Javaco, Inc. (“Javaco”), a wholly owned subsidiary of Domark, in exchange for $150,000 and the issuance of 2,500,000 shares of the Company’s common stock to Domark.
In connection with the Agreement, Domark has also assigned $9,997,134 of media credits in print and radio to the Company in exchange for the issuance of 1,000,000 shares of the Company’s common stock.
Except for the Agreement, there is no material relationship between the Company or its affiliates and any of the parties to the Agreement.
The foregoing description of the Agreement and the Media Credits Assignment is qualified in its entirety by reference to the Securities Purchase Agreement, and Media Credits Purchase and Assignment attached as Exhibit 2.1 and 10.1 respectively hereto.
Description of Javaco, Inc.
JAVACO, Inc., formerly JAVA Company, opened for business in 1997 as a sole proprietorship. Prior to opening JAVA Co., Judith Vazquez, owner and President, worked several years in distribution sales and finally with RMS Electronics/Channel. JAVA Company's initial focus was the sale of used cable TV equipment, including amplifiers and converters to Colombia, Venezuela and Mexico. JAVA Company teamed up with a distributor in Argentina to jointly cover a larger Latin American market. JAVA Company acted as their US office, providing sales expertise and a much needed North American connection with the manufacturers. JAVA Company coordinated the sale, expediting, invoicing and exporting of equipment purchased from the US and Canadian suppliers. JAVACO, Inc. incorporated in March 2000. Javaco is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Early in 2002, JAVACO, Inc. expanded its US business when it hired Tina Tomblin, with over 20 years in the cable television industry in both operations and sales, to manage sales in the United States. Javaco will operate and manage the Company’s Plastic2Oil sites in Mexico.
Item 3.02 Unregistered Sales of Equity Securities
As more fully described in Item 1.01 above, 310 Holdings, Inc. (the “Company”) issued an aggregate of 3,500,000 million common shares to Domark in exchange for 100 % of the issued and outstanding common shares of Javaco, Inc. and the assignment of $9,997,134 of media credits in print and radio.
The issuance of the common shares by the Company was exempt from registration pursuant to Section 4(2) of, and Regulation D and/or Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
Item 9.01.
Financial Statements and Exhibits.
(a)
Financial Statements of businesses acquired
(b)
Pro forma financial information
(d)
Exhibits
Exhibit No
Description 2.1
Securities Purchase Agreement between 310 Holdings, Inc. and Domark International, Inc. 10.1
Media Credits Purchase and Assignment 99.1 Pro Froma Financial Information 99.2 Press Release
z
Posted by zardiw on :
quote:Originally posted by buck*******: Thanks Tex...
Whenever I see a poster on here touting a stock and then refusing to answer legitimate questions about it or themselves, it moves me to question their intent...
My apologies zardiw...
None necessary.....it was my fault for not keeping up with the board.......z
Posted by zardiw on :
quote:Originally posted by T e x:
quote:Originally posted by buck*******: Thanks Tex...
Whenever I see a poster on here touting a stock and then refusing to answer legitimate questions about it or themselves, it moves me to question their intent...
My apologies zardiw...
No apologies necessary, amigo. You and I have busted some of the slicker, slimier PnD con-men out there.
I've done massive DD on this....here's my checklist, fwiw:
1. Current Filings - Check 2. Audited Financials - Check 3. Low share structure - 53M OS, 13M Float - Check 4. UnGagged TA - Check 5. Meaty PR's with no fluff - Check 6. Honest, reputable CEO - Check 7. Viable Business Plan - Check 8. Earnings and Profitable - Check 9. Future Growth - Check 10. Unique Products/Services - Check 11. Company Transparency - Check 12. No Red Flags - Check
z
Posted by zardiw on :
quote:Originally posted by T e x: Amigo,
As far as I know, that feature is not enabled here. You can choose to let admin contact you, and for notification of PMs, but not anytime someone responds to you.
I'll ask Bob.
I did have a thread I was subscibed to awhile back....but now I can't find how to do it ...maybe the feature is gone now.......z
Posted by zardiw on :
quote:Originally posted by oldseven: I believe one franchise in NY has already been locked up.......I'm going to open one in my home town........z
Zardiw, whats it take to open one?
And yes, I did send John an e-mail.
You should call him instead. EMails go into the spam folder and they don't get some of them...even happened to me.
Franchises are in the 300-500K range. I don't know if they've got all that ready to go...probably not...but you can call him and lock one up in your area....and get the ball rolling...but I think John would really be interested in your talents that you mentioned earlier.....z
Posted by zardiw on :
quote:Originally posted by oldseven:
quote:Originally posted by zardiw:
quote:Originally posted by oldseven:
quote:Originally posted by zardiw: TRTN Large Production Machine to arrive any day now..........z
Arrive where? Is this the machine that is going on a truck for demonstrating? Or is this the large processor that will have a permanent home? How long before its fully operational? Will we be able to see this in operation?
Arrived already in Niagara Falls, ONT. It will be assembled on a flat bed truck, so it can be operated at various locations.......z
One container arrived, the second is still at customs.
From what I understand, they're already starting on the assembly.....z
Posted by IWISHIHAD on :
Just not sure of this recent purchase by the company that was pr'd today?
New shares being given for purchase. Although this stock has a very low OS and AS which is nice.
It would be hard to take these shares at this point, if thrown out quickly.
Of course they are suppose to be restricted, but that word does not seem to mean much in pennyland, hope it does here.
Sounds like they bought this portion of he company from another penny stock.
Guess i will have to wait and see.
The volume never really dries up, even though it keeps trading in roughly the same range.
Not a lot there, but you would think it would dry up for awhile if nothing is really moving much.
I will check with TA again in the near future to see if everything is cleared up from a little confusion from the last time i called.
I still don't have a decent read on this one, of course it is a new public stock, so i try and give it a little break.
The chemical company makes sense as a purchase, since there is real money to be made in the catalyst to be used, at least i would think so.
Certain chemicals have a high mark up, since fillers are usually cheap and tap water is also.
Posted by IWISHIHAD on :
NIAGARA FALLS, Ontario, Aug. 28, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) is pleased to announce that the Company has completed the acquisition of Javaco, Inc,, an international distributor of communications and cable gear that distributes more than 100 lines of equipment, ranging from fiber-optic transmitters to RF connectors. Javaco, Inc., a member of Inc. 5000, is a profitable, well-managed, growing company with current revenues in excess of $6 million and a strong presence in Latin America. With offices in Mexico City and Columbus, Ohio, their highly-technical staff strives to provide viable solutions for the ever complex telecommunications industry. Visit http://javacoinc.com for further information about Javaco, Inc.
Javaco, Inc. was purchased for $150,000 USD and 2.5 million shares of restricted common stock.
In addition, for an additional one million shares of restricted common stock, the Company acquired approximately $10 million in U.S. radio and newspaper prepaid advertising covering 10,000 newspapers and 6000 radio stations. The completed package resulted in a total asset purchase of approximately $15 million. The Company believes that the media advertising will be beneficial in promoting the expansion of the P2O technology and processors as well as the previously-announced planned acquisition of the chemical company's products and services.
John Bordynuik, 310 Holdings Inc. President and CEO, stated, "We are extremely positive about the Javaco acquisition since it not only adds to our growing revenue base, but it also gives us a foothold and ability for a more rapid expansion of our P2O processors into Mexico, as well as Central and South America. Furthermore, we will use Javaco's existing people and business offices to setup and configure our communications infrastructure for our P2O processors."
About 310 Holdings Inc.
Posted by oldseven on :
I am confused! I thought he was buying a chemical company? What did he buy here- Cheap adverising? He bought $10 million worth of advertising for a little over $1 million worth of stocks? And paid $2.5 million worth of stocks(+ $150,000 cash) for $6 million in revenue?
What about the chemical company?
Posted by zardiw on :
The chemical company deal is still in play.....He's acquiring companies and assets that will help the big picture here. They guy is a visionary with an IQ of 170 remember.
The media credits will help immmensely to get the P2O into the public eye........and Javaco opens doors in Mexico and South America.
JB is looking at the big picture, and planning for the future........awesome man!!.........z
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: Just not sure of this recent purchase by the company that was pr'd today?
New shares being given for purchase. Although this stock has a very low OS and AS which is nice.
It would be hard to take these shares at this point, if thrown out quickly.
Of course they are suppose to be restricted, but that word does not seem to mean much in pennyland, hope it does here.
Sounds like they bought this portion of he company from another penny stock.
Guess i will have to wait and see.
The volume never really dries up, even though it keeps trading in roughly the same range.
Not a lot there, but you would think it would dry up for awhile if nothing is really moving much.
I will check with TA again in the near future to see if everything is cleared up from a little confusion from the last time i called.
I still don't have a decent read on this one, of course it is a new public stock, so i try and give it a little break.
The chemical company makes sense as a purchase, since there is real money to be made in the catalyst to be used, at least i would think so.
Certain chemicals have a high mark up, since fillers are usually cheap and tap water is also.
They are not 'new' shares. They are coming out of the treasury. That is what the treasury is for.....to help expand the business.......z
Posted by IWISHIHAD on :
Quote Iwishihad;
"New shares being given for purchase. Although this stock has a very low OS and AS which is nice.
It would be hard to take these shares at this point, if thrown out quickly."
Quote Zardiw:
They are not 'new' shares. They are coming out of the treasury. That is what the treasury is for.....to help expand the business.......z
_________________________________________________
To be more specific, shares that will trade instead of sitting in the treasury, which would most likely bring the pps down if thrown out in a short time.
It seems when other companies have shares, many aren't worried about the pps when they need to unload.
You would think they would be, in order to get them the highest price.
On the referse side, they may be worried their shares might be worth less if they wait.
Does that clarify my statement?
Posted by zardiw on :
I believe the shares that were paid are restricted.........z
Posted by zardiw on :
Also, the worth of the company is being demonstrated on an ongoing basis........I believe anyone that has shares here is holding for greater gains.....if not for coming dividends......z
Posted by zardiw on :
TRTN to effect Name and Symbol Change:
The Company will be filing a Form 14 with the SEC to change its name and symbol to better reflect its business. As well, it will be announcing an annual shareholders meeting to be held at its main facility. The Company has been contacted by a number of investors and funds and would like to provide the best possible opportunity for due diligence.
z
Posted by IWISHIHAD on :
Quote Zardiw:
"Also, the worth of the company is being demonstrated on an ongoing basis........I believe anyone that has shares here is holding for greater gains.....if not for coming dividends......z"
_________________________________________________
We all love to dream, but let's see a step at a time.
This isn't that other board, if it gets to thick around here we will have vistors.
The trading today makes a little more sense, i like it until more solid news comes.
-
Posted by oldseven on :
CEO hopes second container will ship today from Customs so they can begin assembly soon.
Posted by IWISHIHAD on :
I thought it was all there and being assembled.
Guess they meant the first container, when they said it was on it's way to Niagara Falls.
At this point probably doesn't matter that much, just waiting to see how it goes.
Should not be long if things go fairly well, to see if it works up to expectations.
Few shares trading now, looks like most are holding, which is good.
Posted by zardiw on :
You can see how big the large reactor will be............z
Posted by zardiw on :
P2O Franchises Available:
We are in the process of selecting some owner/operators for P2O sites. I would like to give preference to existing shareholders who own manufacturing companies/factory facilities. Please advise if you know of anyone interested in setting up a P2O site. The agreement is quite clear – the operator would pay $400,000 for initial set up. 310 is responsible for supplying equipment, permits, and training. We are locking up supply agreements. The operator would enjoy 35% of the net revenue or approximately $1.742M per site/yr based on our current information. 310 would maintain ownership of equipment at all times and will ship the catalyst via a sealed plastic container. Please advise if you know of anyone who would be interested in running P2O.
John Bordynuik Inc. 4536 Portage Road Niagara Falls, Ontario Canada L2E 6A8
Voice: 905-354-7222
Fax: 905-354-1062
john*310holdings.com
z
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: Quote Zardiw:
"Also, the worth of the company is being demonstrated on an ongoing basis........I believe anyone that has shares here is holding for greater gains.....if not for coming dividends......z"
_________________________________________________
We all love to dream, but let's see a step at a time.
This isn't that other board, if it gets to thick around here we will have vistors.
The trading today makes a little more sense, i like it until more solid news comes.
-
I can see the future here.....that's why I'm so excited. By the time 'more solid news' is released, you'll be wishing you had more shares....lol.......z
Posted by IWISHIHAD on :
Quote Zardiw:
"I can see the future here.....that's why I'm so excited. By the time 'more solid news' is released, you'll be wishing you had more shares....lol.......z"
_________________________________________________
Looks good.
I have enough shares for me, would love that if i could predict the future. I try and keep it in perspective.
It's great when investors are having fun with a stock, even more fun when the pps rises.
More buyers and a higher price should come as the events unfold.
Posted by oldseven on :
Where is this thing being setup? In the middle of a field? I don't see any signs of civilization. One container only held three pieces? And there is only two containers. Not much to this processor. All the "workings" must be added by 310 Holdings.
Posted by oldseven on :
quote:Originally posted by zardiw: P2O Franchises Available:
We are in the process of selecting some owner/operators for P2O sites. I would like to give preference to existing shareholders who own manufacturing companies/factory facilities. Please advise if you know of anyone interested in setting up a P2O site. The agreement is quite clear – the operator would pay $400,000 for initial set up. 310 is responsible for supplying equipment, permits, and training. We are locking up supply agreements. The operator would enjoy 35% of the net revenue or approximately $1.742M per site/yr based on our current information. 310 would maintain ownership of equipment at all times and will ship the catalyst via a sealed plastic container. Please advise if you know of anyone who would be interested in running P2O.
John Bordynuik Inc. 4536 Portage Road Niagara Falls, Ontario Canada L2E 6A8
Voice: 905-354-7222
Fax: 905-354-1062
john*310holdings.com
z
35% = $1.742 million, so each "site" produces $4.977 million in revenue if my math is correct. How much can you sell a barrel of oil for? Well if its $70, that means more than 8 barrels an HOUR - every hour - 365 days a year! These machines produce that much oil - holy crap!! How many tons of plastic are required to do that? I would think there would be trucks hauling plastic non-stop all day long. Does that much plastic exist? Are the operators responsible for selling the oil to someone? Or will 310 Holdings purchase the oil?
Posted by zardiw on :
Media Coverage coming..........et z
Posted by zardiw on :
quote:Originally posted by oldseven: Where is this thing being setup? In the middle of a field? I don't see any signs of civilization. One container only held three pieces? And there is only two containers. Not much to this processor. All the "workings" must be added by 310 Holdings.
Have you received confirmation that the owner/operator franchise will do well?.....z
Posted by oldseven on :
quote:Originally posted by zardiw:
quote:Originally posted by oldseven: Where is this thing being setup? In the middle of a field? I don't see any signs of civilization. One container only held three pieces? And there is only two containers. Not much to this processor. All the "workings" must be added by 310 Holdings.
Have you received confirmation that the owner/operator franchise will do well?.....z
I have not received any information yet.
Posted by zardiw on :
You talked to John though right?....z
Posted by zardiw on :
Ya gotta read this:
NIAGARA FALLS, Ontario, Sept. 9, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN - News) is pleased to announce that the Company has executed an LOI for its planned acquisition of a profitable U.S. chemical company. The acquisition is anticipated to be officially consummated on September 30, 2009. This chemical company is privately owned and the owners have requested that its name not be disclosed to the public until the Definitive Agreement is executed.
Essentially, the acquisition is comprised of two profitable chemical divisions, operating out of the same facility. One division is involved in the production and marketing of eco-friendly products and the other one is doing bulk packaging /supplying, with each division maintaining separate income statements and balance sheets.
Housed in a 60,000 square foot U.S. facility, the shared assets of the chemical company will provide 310 Holdings Inc. with a chemistry and QC lab, an in-demand line of green, highly marketable products, a site on which to operate a P2O processor and to produce its catalyst in large sealed plastic containers and small plastic "topping-off" packets for use at the Company's P2O operating facilities. Furthermore, the Company will inherit a 55-member employee force, which includes experienced chemists, proven sales representatives, and an accomplished, visionary management team with successful expertise in mergers and acquisitions.
This rapidly-growing, progressive chemical company has developed an innovative, earth-friendly, patented line of products that addresses a multi-million dollar essential industry for retail establishments, commercial or institutional businesses, and real estate property owners / investors. The cutting-edge line of green products has received the "Design for the Environment" certification, which is a U.S. Environmental Protection Agency program that partners with numerous stakeholders whose goal is to reduce pollution risks and maintain a healthy environment for all people.
These environmentally-safe products are currently marketed through numerous local retailers as well as some very large and significant national retail chains. Importantly, these eco-friendly products do not contribute to waste or landfill.
John Bordynuik, 310 Holdings Inc. CEO and President, stated, "This is really a synergistic, value-added acquisition that truly complements our business model and corporate growth goals. In addition to our core product line, these products have very high growth potential, and excellent profit margins. The Company's IP is protected through a patent. Initially, we will utilize our media credits to launch an extensive public-awareness campaign to market our green product line to consumers and retailers in the United States, Canada, and Mexico."
z
Posted by oldseven on :
quote:Originally posted by zardiw: You talked to John though right?....z
No, I have not talked to John. I sent him a couple e-mails 2 weeks ago and I am waiting for his reply. I could call him, but I assume he is very very busy and will answer the e-mails at his convenience.
Posted by oldseven on :
Today should be the start of the third week that they claim it will take to assemble the Processor.
I wonder it everything is on schedule? I bet not. Is there a new schedule? Is the smaller processor already on a truck for tour and demo's across the country? Is there a schedule of where and when it will be going?
Posted by zardiw on :
One of the containers got hung up in customs. It should be onsite by now.
They are having problems with email going into a spam folder.......you should call him....he's busy..but not That busy........z
Posted by zardiw on :
So Zardiw you want to come over here and pick up the discussion where your left it off in your PM.
So now you say that there has been no increase in the OS.
First time it was just a mistake, second time the shares were changed to reflect the increase.
We can have a very interesting conversation here.
Posted by buckstalker on :
I'm interested in hearing more about mistake concerning the increase in the OS.....
Posted by IWISHIHAD on :
Quote Buck*******:
"I'm interested in hearing more about mistake concerning the increase in the OS....."
_________________________________________________
I am not sure what the deal is here.
First, several weeks ago i checked with the TA and they gave we a share count of 63,700,000.
When i posted this on another board, the usual happened, i became the angel of death.
It was a mistake i was told, (i'm making it sound nicer here) and somehow the shares were put back, still have no clue where they were.
Then it appears the OS went up a little after that, and then a little again.
Of course some say the OS has not risen at all.
The OS is at 57,290,513 and was supposedly at 53,000,000 per the posting on this board.
Maybe that is incorrect to, as stated by some.
But if it is correct, seems to me that there has been an increase.
There are suppose to be 10 million shares that were put in the treasury from the CEO for investments.
The TA is ungagged, never did understand exactly what that meant with stocks.
Seems to me that would mean they release AS,OS, Restricted, Float and Treasury shares, although you can figure some out without all being released.
But what do i know about that word transparency and ungag, words that are used so freely around these stocks.
The Restricted shares per TA is suppose to be 33,849,513, then some other doc i read says 30 million+.
Of course a few feel that even if 10-15 million were dumped, the longs would buy them all up.
I agree someone would buy them, but at what price with this low of float, if dumped rapidly.
Even several million with the amount traded could really hurt.
Oh well, always fun on the pennies.
My running shoes are always on just in case.
Still in and trying to keep close attention.
It does get even more interesting beyond this.
I still like the possibilities, even if half pan out like they indicate.
Should rise nicely "if" they come through.
Just hope they move forward without the axe dropping.
Posted by T e x on :
"running shoes" lol
As stated by a guy I respect at iHub, "dance close to the door." That's Jim Bishop.
Are you guys saying the TA is gagged?
Posted by IWISHIHAD on :
Quote Tex:
"Are you guys saying the TA is gagged?"
_________________________________________________
I can't get the AS or treasury numbers from the TA.
-
Posted by T e x on :
that ain't good.
I can't get the AS or treasury numbers from the TA.
As I've mentioned, zardiw is a friend of mine. But as everyone also knows, I'm all about the real.
What's the TA's contact, e-mail, phone, etc. ?
Posted by IWISHIHAD on :
PACIFIC STOCK TRANSFER COMPANY 500 E. Warm Springs Road, Suite 240 Las Vegas, NV 89119
Tel: (702) 361-3033 Fax: (702) 433-1979 E-mail: info*pacificstocktransfer.com
Posted by T e x on :
Ok, I will look into it...
won't be before trading tomorrow, obviously.
Posted by oldseven on :
quote:Originally posted by zardiw: One of the containers got hung up in customs. It should be onsite by now.
They are having problems with email going into a spam folder.......you should call him....he's busy..but not That busy........z
If I new I was having problems with e-mail going to a spam folder, I would be checking my spam folder; but that's just me. I'm surely not as smart as John.
Posted by IWISHIHAD on :
It sounds like the TA is now releasing the numbers after my discussion about it on another board.
I have not checked yet, since i just called yesterday.
Of course since i brought this up i have been told many things about bringing this subject up at all.
Four times calling over the last several weeks to the TA and they were all mistakes only made to me...interesting.
Posted by IWISHIHAD on :
I did decide to call the TA.
The person that answered would give me the OS and restricted, but would not give the AS.
I asked several times and finally they did give the AS, i think she talked to someone before doing it.
They will not give the treasury or float.
Again i started thinking why not, i think i answered my own question. The restricted share number given was 33,840,513.
If the ceo had 40 million restricted shares and he put 10 million in the treasury like they say, and we now have 33,840,513 restriced shares.
I feel like this is one of those math questions.
It appears we now have more unrestricted shares out there, unless i am reading that wrong.
Sometimes we read to much on the boards without thinking a little.
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: I did decide to call the TA.
The person that answered would give me the OS and restricted, but would not give the AS.
I asked several times and finally they did give the AS, i think she talked to someone before doing it.
That is a lie.
I have called a number of times, and have always received what I asked for.
I think you must have been talking to the wrong TA...if you called at all that is.
Here is the Transfer Agent contact information:
Transfer Agent and Registrar
PACIFIC STOCK TRANSFER COMPANY 500 E. Warm Springs Road, Suite 240 Las Vegas, NV 89119
Seismic Data available to be read. Notice that less than 1% has been recovered. Oil companies are reanalyzing/processing this data with computers and software that was not available at the time the data was gathered.
But first they have to have TRTN/JBI recover the data from the old computer tapes where it currently resides:
z
Posted by buckstalker on :
quote:Originally posted by zardiw:
quote:Originally posted by IWISHIHAD: I did decide to call the TA.
The person that answered would give me the OS and restricted, but would not give the AS.
I asked several times and finally they did give the AS, i think she talked to someone before doing it.
That is a lie.
I have called a number of times, and have always received what I asked for.
I think you must have been talking to the wrong TA...if you called at all that is.
Here is the Transfer Agent contact information:
Transfer Agent and Registrar
PACIFIC STOCK TRANSFER COMPANY 500 E. Warm Springs Road, Suite 240 Las Vegas, NV 89119
Pretty strong accusation there Z...He may be a Californian, but I really don't think Iwish is a liar...
If you have been given the answers post em...
What are the numbers? - OS, AS, Restricted, Float
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: It sounds like the TA is now releasing the numbers after my discussion about it on another board.
You are a lying *******. The TA has Never been gagged........what is your agenda???
You may be able to spread your lies on other boards, but not here. This is a high class reputable stock forum, and we don't allow your kind here..............z
Posted by zardiw on :
They may be strong words, but they are deserved. This prick has been sowing seeds of doubt with his bogus TA Gagged bullsh..t.........
The TA has always gladly given out share information.
I would rather people call the TA and post their findings here.
We need to put an end to these innuendos......AllStocks is not the place for anything but reliable true info......Let him spread his lies and half truths somewhere else........z
Posted by zardiw on :
Fwiw, the numbers are: AS 75, OS 57, Restricted: 33
Somebody else please call and verify that has posted false information with his lies and innuendos ...... z
Posted by zardiw on :
quote:Originally posted by T e x: that ain't good.
I can't get the AS or treasury numbers from the TA.
As I've mentioned, zardiw is a friend of mine. But as everyone also knows, I'm all about the real.
What's the TA's contact, e-mail, phone, etc. ?
You should get rid of that lying pri...k... and delete his lying posts as well........Hans
Posted by zardiw on :
quote:Originally posted by oldseven:
quote:Originally posted by zardiw: One of the containers got hung up in customs. It should be onsite by now.
They are having problems with email going into a spam folder.......you should call him....he's busy..but not That busy........z
If I new I was having problems with e-mail going to a spam folder, I would be checking my spam folder; but that's just me. I'm surely not as smart as John.
They're working on it.....but you know that if you go through hundreds of spam messages, you're gonna miss some legitimate ones......
That's why I suggested you call instead......z
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: It sounds like the TA is now releasing the numbers after my discussion about it on another board.
I have not checked yet, since i just called yesterday.
GEE...that TA must have read your posts and said 'Uh Oh.......we better start releasing the numbers'.......LMFAOASTBINOCPR ..........z
Posted by zardiw on :
quote:Originally posted by T e x: Ok, I will look into it...
won't be before trading tomorrow, obviously.
What did they say? What numbers did you get?
z
Posted by T e x on :
quote:Originally posted by zardiw:
quote:Originally posted by T e x: Ok, I will look into it...
won't be before trading tomorrow, obviously.
What did they say? What numbers did you get?
z
I haven't...
When I scanned the thread yesterday, I saw Iwish had gotten ahold of the TA.
lol, ease up on the namecalling, old buddy. There's several of us old hands here who disagree from time to time, but neither Buck nor Iwish have any reason to lie, anymore than you do. We can disagree about numbers or who said what, but we don't do personal attacks.
(well, usually and then, mostly tongue-in-cheek, on Off-topics )
Posted by IWISHIHAD on :
Zardiw you and a couple of your buds sure like to use that word lier a lot.
Want to strap on the lie detector test and make a little wager, but then you have to do the same and i'll ask the questions, that would be real interesting?
Now why would i lie, i own the stock for better or worst for now and i am not planning on buying anymore at this point, especially if it went down.
I don't like that word average down.
Most investors like to know what's going on rather than hear pumps all day long, although they have there place, so do facts, opinions and questions.
Oh that's right i am shorting the stock, ever look into that in the US?
Simple Questions were asked and you still do not answer. What are the numbers of the float and treasury shares, they did finally give the AS, as i stated?
It's never been that tough of a question.
Have some of the restricted shares been converted over, what's the plan for them, if so?
Why is it i have to post the numbers before anyone will reveal them, if they change?
I can't be the only one calling the TA!
What happened the first time i posted the numbers then they got shifted around, explain that again on this board.
You said there hasn't been an increase in OS, not 1 share?
Here is another question for you. Doesn't one of the posters on that other board work for the company?
I can ask questions over here that i can't there, stay around and visit. I have many more.
Again, if the company is solid, it will take care of itself!
Posted by T e x on :
Gentle reminder, fellas.
I know these discussments can get heated, but keep it civil. So far, I've let all posts stand cuz I tend to err on the side of keeping the record intact.
But please don't make me spend the weekend coming through here with my big art-gum eraser... Posted by IWISHIHAD on :
Actually Zardiw you don't have to answer the question about the employee.
It appears someone is already asking the employee if the CEO is ok with him posting.
Seems like he posts many hours of the day on certain days during the week.
Posted by buckstalker on :
Liarface...
Posted by T e x on :
quote:Originally posted by buck*******: Liarface...
calm down, big boy
Posted by buckstalker on :
I was just playin with Iwish Tex...
in fact I covered his back when Z started calling him a liar
Posted by IWISHIHAD on :
Hey Buck are you on my back again?
I have been meaning to ask you about a place there in Michigan a buddy keeps wanting me to visit him at.
I can't find where i wrote it down, but i think it was something like Indian River. He has a place around that area that he goes up to during the summer months.
Posted by buckstalker on :
Ahh yes Indian River...been there many times...beautiful area up in the northern part of the lower peninsula about a half hour south of the Mackinac bridge...real close to Burt and Mullet lakes
It's showing someone tied to a cross on your link.
Im going to have to have a talk with my buddy.
Being from California i don't like to be tied up for any reason, maybe they don't like out of staters there.
I owned a Ford and now have a Chrysler, you think that might help?
Posted by buckstalker on :
They don't mind out of staters up there and as long as you are driving an American car or truck, they won't crucify you either...
Seriously...it is beautiful up there and you can't beat a Michigan summer
Posted by T e x on :
That out-of-stater part? You made that up, din you?
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: Zardiw you and a couple of your buds sure like to use that word lier a lot.
Want to strap on the lie detector test and make a little wager, but then you have to do the same and i'll ask the questions, that would be real interesting?
Now why would i lie, i own the stock for better or worst for now and i am not planning on buying anymore at this point, especially if it went down.
I don't like that word average down.
Most investors like to know what's going on rather than hear pumps all day long, although they have there place, so do facts, opinions and questions.
Oh that's right i am shorting the stock, ever look into that in the US?
Simple Questions were asked and you still do not answer. What are the numbers of the float and treasury shares, they did finally give the AS, as i stated?
It's never been that tough of a question.
Have some of the restricted shares been converted over, what's the plan for them, if so?
Why is it i have to post the numbers before anyone will reveal them, if they change?
I can't be the only one calling the TA!
What happened the first time i posted the numbers then they got shifted around, explain that again on this board.
You said there hasn't been an increase in OS, not 1 share?
Here is another question for you. Doesn't one of the posters on that other board work for the company?
I can ask questions over here that i can't there, stay around and visit. I have many more.
Again, if the company is solid, it will take care of itself!
Again, quoting you:
1. "New shares being given for purchase" - Wrong. Treasury shares, not 'New' shares.
2. August 28: "I will check with TA again in the near future to see if everything is cleared up from a little confusion from the last time i called."
3. Sept 16: "I can't get the AS or treasury numbers from the TA."
4. "It sounds like the TA is now releasing the numbers after my discussion about it on another board."
5. "The person that answered would give me the OS and restricted, but would not give the AS.
I asked several times and finally they did give the AS, i think she talked to someone before doing it.
They will not give the treasury or float."
6. So then you are saying that information is available?
I have called 4 times now over the weeks and talked to several different people and never had that released to me!
I am sure this would be the case with other investors and potential investors also."
7. Did the TA make a mistake by not releasing that information to me?
8. I know they would not release those numbers to me.
Are you saying they should have and release them to others?
9. When you have a gagged TA, not releasing the AS,Float and treasury shares that doesn't help to get new investors.
Especially when they cannot account for new shares that show up on the OS, only guess where there coming from and hope for the best!
10. You posted at one time the OS was 63M. Now it is actually 58M....so that means it's going Down.
11. " Bottom line is, why is the OS increasing and the restricted shares decreasing, with the revenues that are coming in?"
12. Can't find it now, but your comment "If they keep letting the TA release the numbers ", speaks volumes about your opinion of this company.......
I think I have made my case about your innuendos and slights of the company.
Bottom line. I have called the TA a number of times, and have always gotten ALL the numbers. The company is in transition, making acquisitions.....it takes time for the TA to update the counts.
Absolute Bottom Line is the company is not issuing any shares....It's main strength is the stable share structure. The CEO has returned shares to the treasury for acquisitions. Nothing new has been issued............z
Posted by IWISHIHAD on :
It is rather confusing, my point exactly. Shares bounce around. Where did they go and come from?
It appeared other investors wondered also.
Remember this?
From another board.
Quote Iwish:
"I guess i should have just done the simple thing and called the TA. OS at 63,700,000."
Quote Zardiw:
"I JUST CALLED. Talk to Beth. She gave me the OS, and the AS: 64/75...."
Quote Zardiw: "Yeah, well guess who bought those? JB bought shares in his own company.......z"
Quote Zardiw Allstocks:
"Low share structure - 53M - Check
No Red Flags - Check"
_________________________________________________
Confusing you bet, my point exactly. Never seen one this bad on something that should be so simple. Big surprise.
That 63,700,00 number above, dropped within a few hours after i posted it back when i did. You said it was a mistake, then the number i thought dropped back down around 53. Is that when the said the CEO bought those shares. Where did they go in the first place, and why did they go?
It appears the OS has been updated to 58,100,106
You are saying now, regular investors can get the float and the treasury shares?
Have shares been unrestricted?
Does the CEO know about the employee that posts on a message board?
It appears he's doing it during working hours.
Like a bouncing ball on numbers.
Not going to spend much more time on this one will continue to check and try to keep it updated while i am in the stock.
There are other points to keep up on, but the share count is always important to stay on in the pennies.
Especially when a few million shares into the market could make a big differance, if dropped quickly.
I will know more since i can now get the float and treasury shares... right Zardiw
Not a lot of shares, but sure is a lot of money for a penny, a million here a million there, a million dollars that is.
Another question Zardiw, what happened to that other board you were involved with?
Those guys there made this look like kids play.
Lots of interesting stuff though.
Posted by buckstalker on :
"No Red Flags - Check", WAS a red flag to me...
Posted by zardiw on :
User zardiw is pleased to announce that 310 Holdings (TRTN) has recovered data from an old computer tape that he sent to the company for data recovery.
The 30+ year old computer tape contained COBOL program files from the early 70's.
CEO John Bordynuik stated that 'Your tape was read perfectly – no errors'.
zardiw is quoted as saying 'Wow. This is amazing. It brings back so many memories from those early years when I was first starting out as a programmer. I am so happy that TRTN recovered this tape as a courtesy to a shareholder. I had contacted other data recovery places, and they quoted prices ranging from $700-$1400. I guess TRTN is in a pretty profitable business. As a shareholder, I can't wait for the next 10Q which will reflect increased revenues from their exclusive deal with NASA to read their millions of old computer tapes.'
Sample output from the tape:
About 310 Holdings Inc:
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 23, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company.
On July 16, 2009, 310 Holdings Inc. acquired certain assets of John Bordynuik Inc., including all of its intellectual property, its custom tape processing hardware, its Swahili data migration system, fixed assets, and its current customer base subject to certain closing conditions and adjustments.
Give us a break ZARDIW. What the he11 would you even want this for? Now you really do sound like a paid pumper for the stock.
Posted by IWISHIHAD on :
Zardiw, have you been paid compensation to promote this stock?
Posted by zardiw on :
No.........z
Posted by zardiw on :
quote:Originally posted by oldseven: Give us a break ZARDIW. What the he11 would you even want this for? Now you really do sound like a paid pumper for the stock.
Well, it sure floated my boat.......too bad it doesn't float yours.......Pretty awesome for me to look at stuff I did 35 years ago.......and a pretty impressive feat imo.........z
Posted by oldseven on :
quote:Originally posted by zardiw: Fwiw, the numbers are: AS 75, OS 57, Restricted: 33
Somebody else please call and verify that has posted false information with his lies and innuendos ...... z
I called and did receive these same numbers. Outstanding Shares - 57,290,513 Authorized - 75 million Restricted - 33,840,513
Posted by oldseven on :
NEWS RELEASE - Here is the first part - check out the rest on the internet. This just might give this stock a boost.
310 Holdings Inc. Acquires Chemical Company Pak-It
NIAGARA FALLS, Ontario, Oct. 1, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN) is pleased to announce that the Company has completed the acquisition of Pak-It, LLC, a privately owned chemical company. Pak-It shareholders will receive 625,000 of 310 restricted Common Stock pursuant to the Agreement. The income from the combined operations of the entities as well as licensing fees will be used to pay off all Pak-It debt (approximately $3.6 million) and provide working capital to the Company for other operations. The Company also intends to open a Pak-It manufacturing operation in Canada.
Posted by zardiw on :
The news release everyone was waiting for and the stock goes down. Hmmmm?
Posted by zardiw on :
Captain of an Oil Tanker Location: Ontario, CA Status: Full Time Employee Job Category: Maritime
About JBI 310 Holdings, Inc. (OTC: TRTN) is a fast growing company in an acquisition mode and rollout of Plastic 2 Oil Processors. It expects to be the world's leading specialist in tape data recovery, data migration and mobile data storage recovery. The company also has founded plastics to oil technology (P2O) that will provide outstanding growth to complement the pending acquisitions. About the Captain The Captain is in command of the vessel to transport passengers, freight, equipment and other cargo across oceans, bays, lakes and in coastal waters. Sets course of ships, using navigational aids, such as charts, area plotting sheets, compass, and sextant, and orders crew worker at helm to steer ship. Determines geographical position of ship, using loran or azimuths of celestial bodies. Inspects ship to ensure that crew observe regulations pertaining to safety and efficient operation of ship. Maintains ship’s log. Must be licensed by U.S. Coast Guard for steam or motor ship according to waters navigated and tonnage of ship. May be designated according to waters licensed to navigate as master, bays, sounds, lakes and coastal waters. Your schedule will be unique. The tanker will first sail within Lake Ontario while being retrofitted. During the retrofit, the ship will be sailed to the Boston area for engineering review and problem solving and then back to lake Ontario. Immediately after the successful retrofit, the ship will be sailed between the US and the Caribbean. Requirements You MUST be a US or Canadian Citizen or a permanent resident of the United States Or Canada. You MUST have oil tanker vessel experience. Must have minimum 7 years experience in Ship Captain’s role. Must be able to work and live offshore with limited medical care. Must be able to use hand tools and assist mechanics with repairs of the crane, gears and pumps. Compensation JBI offers a competitive compensation structure and a complete benefits package. To apply send email to jobs@johnbordynuik.com
z
Posted by oldseven on :
As of now, stock down again today -6.78% last sale at $1.10.
Posted by oldseven on :
PR OUT TODAY -
310 Holdings Inc. Announces That Independent Lab Tests Confirm Plastic to Oil Fuel Passes ASTM Tests 310 Holdings Inc. (the "Company") (OTCBB:TRTN) is pleased to announce that it has received confirmation from independent lab tests that its Plastic2Oil fuel has passed ASTM testing.
NIAGARA FALLS, Ontario, Oct. 8, 2009 (GLOBE NEWSWIRE) -- 310 Holdings, Inc. (the "Company") (OTCBB:TRTN - News) has changed its corporate name to JBI, Inc. ("JBI") and will be announcing a symbol change when available. Additionally, the Company is pleased to announce that JBI's unaudited nine month consolidated pro-forma revenues (ending Sept. 30, 2009) totaled $10,156,919 with total assets valued at $22,486,751. The Company reported net earnings of $167,398. Full financial details are available on the Company's Form 8-K filed with the Securities & Exchange Commission on October 7, 2009 at www.sec.gov.
JBI CEO and President, John Bordynuik, said, "Currently, we are working to integrate the Company's recently acquired wholly owned subsidiary Pak-It, LLC's 'Made In Canada' manufacturing and marketing operations with that of JBI. Also, I am pleased that the Company is profitable in light of the recently incurred, non-recurring costs and fees associated with our recent acquisitions of Javaco and Pak-It, LLC. We are progressing with our Plastic2Oil operations and investing our profits into this business unit."
The Company is committed to investing its resources in long-term highly sustainable growth and real value through the Company's recently acquired subsidiaries.
An interactive conference call date will be announced through a Press Release in the near future. The CEO / President will be available on this call to give the investment community an update on the Company's progress and answer investor inquiries.
z
Posted by oldseven on :
Stock at $1.10 today. The first Processor should be running by now. Its been well over three weeks since they mentioned "three weeks" to get it running. No PR out about the test results so I assume things did not go as planned. Maybe the 'upscaling' did not work? Who knows, maybe they have bugs to work out yet? Maybe someone else knows whats going on?
Posted by zardiw on :
These are licensced from DCL Solutions, a subsidiary of JBII.
Laundry detergent is something that is very important in my house. I wash laundry on a daily basis. In addition to finding a cost effective detergent, my son is very allergic to eave my many detergents so I can't buy just any detergent. I also require my detergent to be at least 2x concentrated and leaving my clothes smelling great.
When I received Laundry Dropps, I have to admit that I was a bit skeptical. I received 2 formulas-Fresh Scent and Scent & Dye Free. I didn't feel that a pack that tiny was really going to clean and refresh my clothes. Well, I was very wrong. The first load of laundry I did was towels and I used the Dye & Scent Free. I am so picky about my towels. I have to say I was impressed. Even though there was no smell, they were refreshed and looked clean. I used the Fresh Scent to was my son's clothes. This was the ultimate test. I loved the refreshing smell that was on the clothes and I didn't have to worry about pretreating the stains because that is also in that tiny pack. But, I wasn't sure that it wouldn't break him out. After a few days and no sign of a rash, I knew we were good.
Another great fact about dropps is it is mess free. No pouring, spilling, dropping. The small pack goes into the washer (HE washers OK). This makes less work for me becuase there is no wiping up spills or cleaning out my sticky cabinet.
Dropps is currently available in Fresh Scent, Scent + Dye Free, and Dropps Baby (Scent, Dye, and Enzyme Free).
z
Posted by zardiw on :
quote:Originally posted by oldseven: Stock at $1.10 today. The first Processor should be running by now. Its been well over three weeks since they mentioned "three weeks" to get it running. No PR out about the test results so I assume things did not go as planned. Maybe the 'upscaling' did not work? Who knows, maybe they have bugs to work out yet? Maybe someone else knows whats going on?
The second container of the production machine was held up in customs, cause the chinese put a pair of asbestos gloves in, thinking they were doing us a favor.
It is on a truck now and on it's way.........z
Posted by oldseven on :
quote:Originally posted by zardiw:
quote:Originally posted by oldseven: Stock at $1.10 today. The first Processor should be running by now. Its been well over three weeks since they mentioned "three weeks" to get it running. No PR out about the test results so I assume things did not go as planned. Maybe the 'upscaling' did not work? Who knows, maybe they have bugs to work out yet? Maybe someone else knows whats going on?
The second container of the production machine was held up in customs, cause the chinese put a pair of asbestos gloves in, thinking they were doing us a favor.
It is on a truck now and on it's way.........z
Do you know how many times we have heard this? ITs on the way!! We were told it left customes weeks ago. Delays, delays, delays. - that why the stock is not moving.
Posted by oldseven on :
SYMBOL changed to JBII
Posted by zardiw on :
And price is a key factor here. Other methods to break down plastic scrap, such as plasma-based approaches or microwaves, need considerable energy to power them, and have not proven economical. With this system, enough gas is produced as a by-product that the process becomes essentially self-powering once it’s under way. Oil can then be extracted for about $10 a barrel.
quote:Originally posted by oldseven: SYMBOL changed to JBII
Also name change to JBI Inc. .......refreshing to see a name/symbol change without some kind of split, isn't it?.........z
Posted by zardiw on :
Second Container has arrived!!:
z
Posted by oldseven on :
FINALLY, after how many weeks? Anyways, is it still 3 weeks before the P2O is operational? Last we were told was three weeks after they arrived but because of the delay in the second container, they were still able to go ahead with some of the assembly. Has that 3 weeks been reduced to 1 or 2? OR still 3 OR MORE???
What? no OHSA requirements there?? Is that yellow forklift pulling the container out? With the chain wrapped around the mast?? Sure hope the chain doesn't break, that guy will have one heck of a headache if a head at all.
Posted by zardiw on :
Greener Pastures: P2O Plant Converts Farm Waste to Fuel
According to the Environmental Protection Agency, the total amount of plastics in municipal solid waste in the U.S. was almost 31 million tons, or 12.1 percent of total municipal solid waste generation in 2007. Farms are a major contributor. Farms use plastic barrels and silage bags, many of which end up in landfills. The greenhouse sector, while often considered a clean industry, uses plastic in the form of nursery pots, plastic trays and polyethylene film. Some growers are looking to biodegradable plastic alternatives, such as peat moss or coconut, bamboo, rice, straw or corn fibers. But none of the available alternatives completely solve the problem -- some materials are visually unattractive, while others are prone to cracking or mold growth. And many come in plastic packaging.
Farmers can do one of three things with their used plastic. They can reuse it, though most do not, due to health concerns. Farmers can also recycle some of their plastic, but collecting and transporting the plastic to a recycling center can prove problematic. And now, farmers can turn their agricultural waste plastic into fuel.
JBI Inc., a global technology company trading on the OTC market with the stock symbol JBII, has developed a way to break down plastic molecules into an oil similar to diesel fuel. The process, called Plastic 2 Oil (P2O), extracts about a liter of oil for each kilogram of plastic processed, and each P2O facility will be able to process up to 20 tons of scrap plastic per day. Even better, a gas byproduct created by the P2O process provides all of the energy needed to convert plastics into oil, eliminating energy costs.
JBI is looking for people with manufacturing and farming facilities not running at full capacity to convert into P2O factories. Americans allowing P2O factories to run on their property will receive enough extra fuel from the P2O process to run their household or any on-site business operations.
quote:Originally posted by oldseven: FINALLY, after how many weeks? Anyways, is it still 3 weeks before the P2O is operational? Last we were told was three weeks after they arrived but because of the delay in the second container, they were still able to go ahead with some of the assembly. Has that 3 weeks been reduced to 1 or 2? OR still 3 OR MORE???
What? no OHSA requirements there?? Is that yellow forklift pulling the container out? With the chain wrapped around the mast?? Sure hope the chain doesn't break, that guy will have one heck of a headache if a head at all.
EMail response from John Bordynuik:
This is my answer and can post publicly.
The catalyst has been tested in a large volume batch as was stated a month or so ago. I did not consider this material. The fuel has already been independently tested.
Who makes the P2O machine? The processor is highly optimized and is much simpler for us to build – the asbestos gloves customs delay created an incredible opportunity to revisit the design. As it is immaterial, more than 1/3 of the original design is now retired, thanks to the gloves.
Who supplies P2O processor? More than one vendor supplies components now.
What vendor? Why don’t I just hand over my wallet too…
Staff is in all weekend (including me) to assemble the processor.
Regards,
John Bordynuik CEO JBI Inc.
Posted by oldseven on :
Zardiw, I don't think this answers my question. Is it still 3 weeks or how long before the processor is producing? "More than 1/3 of the original design is now retired" - does this mean 1 less week(1/3 of the original estimated 3 weeks) for the assembly? Now 2 weeks? We were also told alot of the assembly was taking place even without the second container arriving - so does that mean 1 week then? Zardiw, do you know if there is a new time table to get the Processor assembled and operational? I assume the original 3 week estimate was way off base and a new timetable has been established.
Posted by zardiw on :
News:
NIAGARA FALLS, Ontario, Nov. 5, 2009 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) continues to make progress in the implementation of its comprehensive business plan.
In its efforts to globally market the innovative, eco-friendly Pak-It product line, JBI has appointed Creative Supply Solutions Ltd. ("CSS") of Manchester, England as a Master Distributor for the United Kingdom. CSS, a privately held company, has relationships with more than a dozen distributors in the region, and will be responsible for managing sales in England, Wales, Scotland, and Ireland.
Steve Seneca, President of Pak-It, LLC, noted, "I am excited to have CSS join us as a master distributor. CSS focuses on selling and marketing break-through technologies, which makes them perfect for our Pak-It line of water-soluble liquid cleaning chemicals."
"We see tremendous opportunity for Pak-It because of their patented technology," stated Nigel Oakes, CSS Director. "The Pak-It products provide an important green solution - and 'green' is an extremely important issue in the UK. The concentrated packets dissolve completely in water, leaving no empty containers to clog land-fills. And the shipping cartons are lighter and take up less space than normal containers, which greatly reduces the environmental impact of transportation."
Furthermore, in anticipation of Pak-It's Canadian expansion, the Company is pleased to report that PakIt Canada machines are now set up, and JBI engineers are adding automation to the production lines to process Pak-Its faster. JBI CEO and President, John Bordynuik, said, "We envision robust growth for Pak-It products in Canada and want to be fully prepared to satisfy anticipated demand."
In another important development, Pak-It has formulated a no-slip cleaner that is a cleaner, polisher and finisher all in one. Applications of this unique formulation produce no buildup and the affected surface, whether wet or dry, is not slippery. The product has successfully been tested with a James Machine and digital tribometer.
JBI is currently assembling its large P2O processor as all parts have now arrived. Testing of individual components is also ongoing, and the Company looks forward to soon demonstrating its economic viability, as a direct result of using its proprietary catalyst in the processor's smooth operation. Competing processors that run without a catalyst risk pollution, blockage in the condensers, downtime, slag, and massive cleanup, all of which can severely impact potential profitability.
In addition to reading NASA tapes, JBI has recently been presented with thousands of seismic tapes to read, which oil companies view as an important source of information for their exploration activities. JBI has just started reading tapes for a large Oil and Gas company, and its Swahili engine is being used to normalize, index and serve the seismic and well log data.
JBI is setting a presentation and interactive conference call date for Monday, November 23, 2009. Therefore, all shareholder questions should be submitted to john@johnbordynuik.com as soon as possible for review by corporate legal counsel. In order to adequately address all questions, JBI may publicly release news items prior to the call date. An upcoming press release will give the time and call-in details for the call. As well, the information will be posted on the JBI website at http://www.jbiglobal.com. John Bordynuik is looking forward to answering shareholder inquiries and presenting updates on JBI, Inc. to our shareholders.
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Javaco will operate and manage the Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid cleaner in a water soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves thousands of dollars in shipping. The user simply adds water to the container without measuring or cutting the Pak-It. Large retailers and many national Building Service Contractors already using the product have documented significant cost savings from shipping, training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from reading archived tapes (including microfiche) from clients such as NASA, (ii) income from the recently acquired JavaCo, Inc., (iii) income from the sale of Pak-It products, and bulk chemical facility which we realize beginning October 1, 2009, and (iv) from the anticipated commencement of operations in the fourth quarter of 2009 with Plastic2Oil, a process and service that converts plastic to fuel oil. For more information, please see http://www.jbiglobal.com and http://www.javacoinc.com and http://www.pakit.com/.
(i) income from reading archived tapes (including microfiche) from clients such as NASA (and now seismic data for oil companies),
(ii) income from the recently acquired JavaCo, Inc.,
(iii) income from the sale of Pak-It products, and bulk chemical facility which we realize beginning October 1, 2009, and
(iv) from the anticipated commencement of operations in the fourth quarter of 2009 with Plastic2Oil, a process and service that converts plastic to fuel oil.
quote:Originally posted by oldseven: Zardiw, I don't think this answers my question. Is it still 3 weeks or how long before the processor is producing? "More than 1/3 of the original design is now retired" - does this mean 1 less week(1/3 of the original estimated 3 weeks) for the assembly? Now 2 weeks? We were also told alot of the assembly was taking place even without the second container arriving - so does that mean 1 week then? Zardiw, do you know if there is a new time table to get the Processor assembled and operational? I assume the original 3 week estimate was way off base and a new timetable has been established.
I think we're getting close......don't know what the time table is....but they're working damned near 24-7 on her........z
Posted by oldseven on :
Schedule 14C filed today. An increase of more than DOUBLE in the Authorized Shares. On 11-6-09 JBII amended the Articles of Incorporation to increase the number of authorized shares of common stock they may issue from 70,000,000 to 150,000,000.
Posted by buckstalker on :
oldseven...You need to ask yourself, why JB would INCREASE the AS, if everything is going so peachy with all of the revenue streams he claims...
Posted by oldseven on :
quote:Originally posted by buckstalker: oldseven...You need to ask yourself, why JB would INCREASE the AS, if everything is going so peachy with all of the revenue streams he claims...
I did, I assumed it was so he could maintain controlling share(voting power) after additional acquisitions. I would still like to think positive about John but that might be the downfall. Either this is for bigger and better OR Dilution!! I wish I could find out the preferred stock status. Maybe the preferred will increase and maybe each preferred has more than one vote. I would assume after all is said and done, John will maintain at least 51% voting power. I will e-mail him and ask what the deal is. Getting info and DD from the CEO is not always best either.
Posted by oldseven on :
CEO has scheduled a conference call for Nov. 23 and states " I will detail my master plan in the conference call. I am certain the shareholders will be pleased."
Posted by oldseven on :
10Q out today.
Posted by oldseven on :
JBI is having a conference call today at 3 eastern time to answer some questions about there progress and other info for shareholders.
Posted by bill pearl on :
JBI not bad, but needs to break out of the consolidation phase at 1.20. I like another name in renewables - VVIT - Just blew out earnings after the close, and has been in a consolidation pattern for the past 5 months. Should be moving higher in the near term
Posted by buckstalker on :
By the looks of the pps today...the conference call musta been chock-full-o good news...
Posted by oldseven on :
quote:Originally posted by buckstalker: By the looks of the pps today...the conference call musta been chock-full-o good news...
It had a cheesy presentation at the beggining followed by a Q&A session. The Q&A session was full of great information about the P2O and that it is going thru ongoing changes and the output is currently in a state certified lab(third party) for validation of the fuel. He also stated he has a buyer for all the fuel that can be produced for $3 less per barrel than the WTI and they will pick up. I expect this stock to really take off first quarter of next year if not sooner. Possibly $3 by year end if the validation is released early Dec.
Posted by zardiw on :
Complete Text of the Q+A:
Q&A Session for JBI Conference Call & Presentation
** important** Webex has a 200 character limitation for Q&A so some were answered in the chat window.
(from chat window):
We currently have a back log of tapes, and have received new orders from Oil and Gas.
"Do you expect the 3rd party validation of the P2O to be complete this year?" That is possible.
Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
"What is the estimated cost to produce 1 barrel of fuel in terms of just the operational costs?" This is difficult to answer as we are being paid to accept the feedstock, generate excess energy and sell the output. The cost is less than $10/barrel if we load up our business plan with costs.
Thanks again all for connecting today and for your questions. We are obviously very excited about P2O and the large processor is our highest priority. We will inform everyone about its status when validation is complete.
Yes, the processor will accept unwashed plastics. It will reverse from time to time to clean out anything that entered the system that is not plastic.
Our tape reading objectives: We have expanded our tape business to become a full-service data migration company. We can now scan/read tapes,fiche,film, paper, optical media and carts as a one-stop shop for data migration. We then provide our clients with a solution to access their data (new and old) through a web interface. Our systems support IBM 7094 (1961), UNIVAC, through 180s systems to present. (cutoff) We currently have a huge backlog of tapes/carts to read >100k.
Breakdown of Revenue: We did not break the statements out for a number of reasons. It is very difficult to acquire 3 entities in one quarter much less consolidate all of the information into a Q. In addition, a MD&A has to be prepared based on the information. As well, for every statement we submit in a Q, we must be prepared to answer questions from the SEC or other regulatory bodies. This is very expensive and very time consuming - our focus is to launch P2O at this time. We can back our statements but are still growing and do not have the internal infrastructure to dedicate to answering regulatory body questions in volume. (cutoff) Therefore, we will file information that provides detail about the company but not so much detail that we spend our days answering questions. Some companies receive in excess of hundreds of comments and it can take much time to scan in and compile documents to answer one question.
Q: Hey Jon, I'm here with you! A: This is from John....Thank you for all the kind words. Things are going very well and I'm sure our shareholders will be very pleased with our process. We have been able to acquire 3 entities and validate P2O in one quarter. ________________________________________________________________
Q: Can you give any more of a report on the progress of the validation process? A: All questions about the large processor will be answered in a press release when we receive third party validation and test results. ________________________________________________________________
Q: Has the P2O process been validated in the field? A: P2O is being assembled and tested now. ________________________________________________________________
Q: can you shed more light on the first big production P2O machine being assembled.. any test results, yet? Also, how are the 25 JVs coming along? A: P2O process is currently undergoing third party validation. We can not discuss the PIPE in an open forum. ________________________________________________________________
Q: Thanks, good presentation. Dave C. ______________________________________________________________
Q: also are you able to give any estimates on the tape-reading pipeline .. revenue projections and/or objectives? A: Breakdown of Revenue: We did not break the statements out for a number of reasons. It is very difficult to acquire 3 entities in one quarter much less consolidate all of the information into a Q. In addition, a MD&A has to be prepared based on the informat (cut off)ion. As well, for every statement you type in a Q, be prepared to answer questions from the SEC or other regulatory bodies. They are expensive and very time consuming.
chat from John: Breakdown of Revenue: We did not break the statements out for a number of reasons. It is very difficult to acquire 3 entities in one quarter much less consolidate all of the information into a Q. In addition, a MD&A has to be prepared based on the information. As well, for every statement we submit in a Q, we must be prepared to answer questions from the SEC or other regulatory bodies. This is very expensive and very time consuming - our focus is to launch P2O at this time. We can back our statements but are still growing and do not have the internal infrastructure to dedicate to answering regulatory body questions in volume. (cutoff) Therefore, we will file information that provides detail about the company but not so much detail that we spend our days answering questions. Some companies receive in excess of hundreds of comments and it can take much time to scan in and compile documents to answer one question. ________________________________________________________________
Q: Is catalyst protected or proprietary in nature and if so does JB owe any royalties etc to the creator of the original work with the catalyst. A: No JBI does not owe any royalties for the catalyst. ________________________________________________________________
Q: What % revenue/profit do you anticipate from each of the businesses? A: Breakdown of Revenue: We did not break the statements out for a number of reasons. It is very difficult to acquire 3 entities in one quarter much less consolidate all of the information into a Q. In addition, a MD&A has to be prepared based on the information
See above: Breakdown of Revenue: We did not break the statements out for a number of reasons. It is very difficult to acquire 3 entities in one quarter much less consolidate all of the information into a Q. In addition, a MD&A has to be prepared based on the information. As well, every statement we submit in a Q, we must be prepared to answer questions from the SEC or other regulatory bodies. This is very expensive and very time consuming - our focus is to launch P2O at this time. We can back our statements but are still growing and do not have the internal infrastructure to dedicate to answering regulatory body questions in volume. (cutoff) Some companies receive in excess of hundreds of comments and it can take much time to scan in and compile documents to support one question. _________________________________________________________
Q: do you continue to receive new orders to read data - what do you charge for this service. Can the tapes be used in the P2O recovery? A: Yes we are currently receiving new orders. We charge $22 per tape. The tapes can be used in the P2O process. ________________________________________________________________
Q: How many P2O sites do you anticipate per state? A: That depends on many factors such as the feedstock in that state, and interested JV parties....etc. ________________________________________________________________
Q: Hello John ________________________________________________________________
Q: What is current status of large scale P2O Processor? Is is producienoil yet? A: The current P2O processor is being assembled and tested by a third party. ________________________________________________________________
Q: John ________________________________________________________________
Q: has your company shown your facility to stock brokerage firms? What have been the reactions? A: John has been contacted and met with several different funds, however we can not legally discuss the results of these meetings until filed with the SEC. ________________________________________________________________
Q: Has the fuel from the P2O process been tested? A: Yes it has been tested by a national lab used by refineries to test crude prior to acceptance. ________________________________________________________________
Q: When do you expect the third party validation to occur? A: It is already before the scientists eyes. ________________________________________________________________
Q: Im sorry if this was discussed during the presentation but is there a rough timeframe estimate when the P2O will be assembled and tested? Thanks A: P2O is being assembled and tested now. An independent state certified lab is doing all the third party validation to expedite the roll out. ________________________________________________________________
Q: Will Patit products be released for retail in the near future A: Management is currently exploring retail options for Pak-It. ________________________________________________________________
Q: Is there also a mobile processor in process? If so, when wil it be available to begin traveling? A: Yes there is. There are two mobile options at this time. ________________________________________________________________
Q: Can anymore color be provided on how the oil tanker will be used? A: Currently any further information about the oil tanker is a corporate trade secret. ________________________________________________________________
Q: Does the company have an estimate for how long it will take to order, recieve, install a P2O site and get operational once the franchise application has been approved and completed? A: It is estimated at 60 to 90 days. ________________________________________________________________
Q: Can you discuss the progress of the 25 P2O JVs being established? A: We can not discuss the PIPE in a public forum. ________________________________________________________________
Q: Can you share your short/mid/long-term revenue goals for the tape-reading business and for Javaco? A: Breakdown of Revenue: We did not break the statements out for a number of reasons. It is very difficult to acquire 3 entities in one quarter much less consolidate all of the information into a Q. In addition, a MD&A has to be prepared based on the informat (cutoff – answered in length in chat) ________________________________________________________________
Q: Are you looking at any local (U.S. or Canada) sources for fabrication of processor, or will you continue to acquire from China? A: We are considering all sources for fabrication. A: We will being using sources from China and the US to manufacture the P2O processors. ________________________________________________________________
Q: Sugestion: I have tried the Pak-it products...very impressed. For household use in the retail market a lemon scent Pak-it product would sell well. A: Thank you for the suggestion. ________________________________________________________________
Q: what is the single major growth strategy for Pak-it to grow to $50M? A: We plan to focus on national retailers and BSCs with our two-prong strategy: the Pakit dilution system coupled with a logistics delivery system. We're the only company that offers this solution, and major retailers like Home Depot are seeing the value. ________________________________________________________________
Q: can you comment on the authorised shares increase? A: The comon shares were increased on the advice of our securities lawyers. There was (and is) a concern that when P2O is running shortly that we would need to access capital quickly to launch a major rollout. A: The PIPE would use most of the remaining common shares at the time. As well, the preferred was not available and an increase would take almost a month. In any event, a portion of my shares are being returned to the treasury when preferred is issued. A: The shareholders WILL NOT see any dilution as a result of the 3 acquisitions and the financing from when I purchased the company with 63.7M shares outstanding. ________________________________________________________________
Q: How fast do you expect to find buyers for the fuel? Or do you already have potential buyers lined up? A: Refineries will take as much as we can produce. This is not a barrier or challenge in any way. Our fuel is better than what they receive from the wells as it is "prerefined". ________________________________________________________________
Q: What is the synergy for Pak-It and P2O? A: Pak-It has a bulk processing facility. PakIt (DCL) will produce the catalyst in a sealed plastic container that will be loaded into the reactor. As the reactor warms up, the plastic container will melt and release the catalyst. ________________________________________________________________
Q: Does the catalyst in P2O act to assist in the faster breakdown of the plastic into gasses or in the recombination of the gas products into oil? How do you account for the difference in recovery? i.e. why do we recover 99% and others 40%? A: Yes, the catalyst greatly expedites the cracking of the plastic. As well, it allows us to select on a tight curve what hydrocarbon we wish to produce. This is accomplished by changing the ratio of the chemicals in the catalyst. A: Most other methods must(ch) heat the plastic much higher and poor conversion takes place. The gases are condensed to fuel when passed through the condenser. ________________________________________________________________
Q: John, How do you intend to maintain control of the company given the very large potential dilution of shares from 70M authorized to 150M? A: 150M are authorized, not issued. When the dust settles, the common share outstanding will be lower than now, I will have control through preferred stock (with piggy back rights for common shareholders). There is no dilution of shares. ________________________________________________________________
Q: What determines the price you will get for the oil you produce? A: WTI (West Texas Intermediate) price less $3. The refinery picks up the fuel. ________________________________________________________________
Q: Can the same Processor be used for both plastic and rubber tires? Is the catalyst the same? Can plastic and rubber tires be put in the processor in the same batch? A: I would not mix the two. Tires have cord, wire and carbon black powder. Our processor deals with this. We could mix the two but I don't see the value. ________________________________________________________________
Q: Did you really say 100,000,000 barrels of oil by 2020? ;-) A: Yes. Consider that a P2O site will be producing a minimum of 20,000 liters per day (per two processors). Our continuous feedstock rate is dependent on not saturating the condensers. ________________________________________________________________
Q: How long does a "batch" of plastic take to convert? How much plastic can be converted in a 24 day? Can the P2O be run 24/7? A: We plan to do a minimum of 20 tons per day per site. We are also developing a continuous feed function that could enable 24/7 production. A: Yes it can. We have released very conservative numbers until we can prove it with third party validation. We can breakdown large volumes of plastic with our catalyst in less than an hour. In a continuous process, our feedrate is governed by the A: rate at which a condenser can handle. ________________________________________________________________
Q: any idea of the timeframe to move to NASDAQ? Can this happen in 2010? A: We have to meet the NASDAQ requirements for number of shareholders, revenues, and share price. We are just waiting to satisfy the minimum share price. ________________________________________________________________
Q: Are ther plans for smaller P2O for smaller communities? A: Small communities consume a lot of plastic. We need several P2O sites in Niagara alone. There are some studies on the net relating to plastic consumption in a small community in the UK. I'll forward a link later. ________________________________________________________________
Q: to produce 100 million barrels/year would require JBI to only 591 processors running 365 days a year. This would translate into only 4 million tons of plastic. Isn't this a very conservative number? Waste plastic in the US is estimated to be 15 m tons/year A: In our estimates we assume that 20 tons of plastic will produce 110 barrels of oil. ________________________________________________________________
Q: Are you planning to do a reverse split in order to meet the minimum shareprice to apply for NASDAQ? A: No way. We'll get there on revenue and earnings. It's the only way to do it right. ________________________________________________________________
Q: Can't the oil be sold directly to large users? A: Yes it can but we have a customer willing to pick it up all day long at aprox $74/barrel at today’s price. ________________________________________________________________
Q: What share price does Nasdaq require? How many OS will there be after the preffered issue? A: $5/share. The OS will be below 50M. Based on a P2O machine producing in excess of $2M/profit/year it is not difficult to achieve even if we trade at a conservative multiple. ________________________________________________________________
Q: How is the feedstock put into the hopper? Conveyor system? A: A conveyor. It's a trade secret how the plastic enters the reactor. ________________________________________________________________
Q: Do you care to make any forward-looking statements regarding revenue projections for all combined entities for first half of 2010? A: That will depend totally on P2O. It is our home run and the numbers are attractive. Negative cost in, 15% of weight converted to gas to run the system, paid for the oil output. It's a great growth model. You'll get numbers when P2O is validated. ________________________________________________________________
Q: Can the feedstock hopper be loading while the processor is converting? A: The processor is continuous or batch. We can load plastic into the system as long as the condensers are not overloaded. The system will feed plastic into the reactor. The feedstock enters in an oxygen free environment. ________________________________________________________________
Q: What operating permits are necessary for the P2O i.e. air quality, combustibles, etc A: That depends on country, state and even down to the city level. We are focused on collecting and documenting as much data as possible for use in other areas. ________________________________________________________________
Q: Much has been written about the large plastic patch and environmental hazard in the ocean! Do you envision JBI eventuallyattacking this problem which would result in positive global press? A: Well, we don't hire stock promoters so we have to look to work on projects that will bring attention to the company. In the end, the volume of our stock will depend on the number of people that know about it. ________________________________________________________________
Q: Is it one hopper full per batch? A: No, the hopper will be topped up as the processor operates. ________________________________________________________________
Q: do you have to pre-shred the feestock? How big/small is the mouth of the processor? A: The mouth of the processor is 16 inches. ________________________________________________________________
Q: Would love to "hear" from the team in the next conf call (i.e voice/video). Good luck with the next few weeks!!!! A: We will all be on the line next time. We just completed 3 acquisitions, a Q, large P2O, and managing the growth of the tape business and making PakIt in Canada. Everyone is working very hard. We will have a conference call with all when big P2O is done. ________________________________________________________________
Q: Does the feedstock(tires and plastic) need to be shredded prior to entering the hopper? or does the processor break it down to fit into the 16" opening? A: You could load the processor with a laser printer and it would convert the plastic components to oil. The catalyst is a liquid and the heat transfer is very quick. Shredding is nice to expedite the process further. ________________________________________________________________
Q: Thanks for taking the time for this call -- many shareholders are very pleased that you announced it, myself included! _____________________________________________________________
Q: Thank you for your presentation
z
Posted by zardiw on :
Expecting the first machine to by up by XMAS....
Q: Has the fuel from the P2O process been tested? A: Yes it has been tested by a national lab used by refineries to test crude prior to acceptance. ________________________________________________________________
Q: When do you expect the third party validation to occur? A: It is already before the scientists eyes. ________________________________________________________________
Q: Im sorry if this was discussed during the presentation but is there a rough timeframe estimate when the P2O will be assembled and tested? Thanks A: P2O is being assembled and tested now. An independent state certified lab is doing all the third party validation to expedite the roll out. ________________________________________________________________
Q: Can the feedstock hopper be loading while the processor is converting? A: The processor is continuous or batch. We can load plastic into the system as long as the condensers are not overloaded. The system will feed plastic into the reactor. The feedstock enters in an oxygen free environment. ________________________________________________________________
z
Posted by PeterSLynch on :
"Big P2O works - it's a done deal. We needed a second set of eyes to validate the processor for mass rollout and safety (and bragging rights) which will allow us to promote P2O in the mainstream news." ~~John Bordynuik, CEO of JBII, 12/1/09
Posted by oldseven on :
quote:Originally posted by PeterSLynch: "Big P2O works - it's a done deal. We needed a second set of eyes to validate the processor for mass rollout and safety (and bragging rights) which will allow us to promote P2O in the mainstream news." ~~John Bordynuik, CEO of JBII, 12/1/09
Great news! Where did you find this info? I would like to read the entire PR but I can't seem to find it anywhere.
"We needed a second set of eyes to validate"... Where is this validation info at? I would like to read about what they found also.
Posted by zardiw on :
Edited E-mail response I recieved:
I am filing the application now to list to the AMEX. We can be on that exchange 20 days after our stock price stays above $2. I am setting up a Board of Directors to set up an audit committee (last requirement) so that we can uplist and the manipulation can stop.
$5 is required for the NASDAQ but AMEX will allow us to uplist on an accelerated basis at5 $2/share. It is best for us to list on AMEX and then go to NASDAQ. AMEX offers us a lot including the ability for Canadians to invest with their retirement funds.
"A couple of questions: Must that be a constant price or an average price, and if average, out of how many days? How long must it maintain the price before eligible to up list?"
I am asking Gregg Jaclin, our securities lawyer.
The price must maintain $2 for 20 days.
"On a personal note, can you send anything comparing PAK-IT to competitors? I know we discussed it, and I have informed my sister, but it is always more well received if it comes from the company."
PakIt does not have any competitors in its space. That is why Home Dept, Sears, KMart, Target, 11,000 regis Hair Salons are now using it. We own two patents that protect the technology.
Some companies have unsuccessfully tried to do tear packets but they were messy and dangerous to employees.
The proportionate systems (Johnson Diversity and Proctor and Gamble) are being replaced by our cleaners which has proven to be validation. More and more customers are moving to PakIt everyday. We are entering into an agreement with Simoniz to QVC and Infomercial the product retail.
I'll ask Frank Wiley of PakIt to provide me with a competitive analysis of PakIt and will forward to you.
Regards,
John Bordynuik CEO JBI
z
Posted by PeterSLynch on :
JBII CEO going for AMEX listing....
"We can uplist to the AMEX if we can maintain $2/share for 20 days.
We are moving fast. I am not waiting until march to assemble the BOD. Many people have contacted me about RRSP investments. Well, we had to start somewhere and the OTC was it. Now time to move up."
Posted by PeterSLynch on :
JBI, Inc. CEO Reduces Outstanding Common Shares by 12 Million
NIAGARA FALLS, Ontario, Dec. 8, 2009 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that John Bordynuik, CEO / President, has returned twelve million of his common shares to the Company's treasury and was issued one million non-convertible preferred shares, with 100 to 1 voting rights and no dividend income. The net effect of this transaction is that there will now be 46,725,106 total outstanding common shares and 1,000,000 series A super voting preferred stock outstanding. The Company's shares are available to use for accretive acquisitions and debt pay-off.
John Bordynuik commented, "Since June 2009, I have returned 22 million of my common shares to the Company's treasury. I have no interest in selling my personal shares or impeding corporate share growth through unnecessary or potentially damaging dilution. My goal is to build a dynamic global growth company and, in so doing, to maximize share valuation for all loyal shareholders. This is best accomplished by growing our core businesses, making prudent acquisitions, and increasing net earnings per share."
Posted by oldseven on :
News was favorable to investors . Up 32.94% today, closed at 1.582 on 196,947 volume
Posted by oldseven on :
Here is some great information from the CEO himself.
JBII: $2.48!!!............et z
Posted by T e x on :
nice. congrats you guys.
Posted by oldseven on :
It closed at $2.20 today. IMO it will pull back some, but not alot. There should be some profit takers already tomorrow. IT IS NOT to late to buy this stock. I see it at $3 by year end and $5 buy the end of February or much sooner with P2O validation and word of a processor in production.
Posted by oldseven on :
Almost closing and stock is up another 24% at $2.73. Enjoy the weekend folks, it is still early enough to invest in this stock and make very good profit IMO. It will double from here within a couple months or less - IMO.
Posted by zardiw on :
Price Matrix from Estimated_Prophet: Excel Spreadsheet
Holy CRAP - NET of $2.2 Million from each site??? JBII gets this much? Does JBII own the sites and operate them? I thought originally it was a franchise type deal.
How was this determined?
Posted by zardiw on :
quote:Originally posted by oldseven:
quote:Originally posted by zardiw: Price Matrix from Estimated_Prophet: Excel Spreadsheet
Holy CRAP - NET of $2.2 Million from each site??? JBII gets this much? Does JBII own the sites and operate them? I thought originally it was a franchise type deal.
How was this determined?
They are basing it on the Outback Steak model. Company retains 65% or earnings...operator gets 35%........There's also a 90/10 deal for a $50K investment.........z
Posted by zardiw on :
CEO says we're getting a nice Christmas Present....I bet it's a doozy.........z
Posted by oldseven on :
JBI, Inc. Will Become Debt-Free on December 29, 2009
NIAGARA FALLS, Ontario, Dec 18, 2009 (GlobeNewswire via COMTEX) -- JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to report that all corporate debt, including accrued interest, will be paid in full effective December 29, 2009. The Company's debt-free status will then result in a monthly savings of over $26,000 in interest payments. The debt will be paid off without dilution to the Company's shareholders. Furthermore, JBI will provide a major update on its Plastic2Oil business unit and positive progress prior to Christmas.
John Bordynuik, CEO/President, stated, "We are very optimistic and excited about our growth potential in 2010. All of our divisions, particularly P2O, are now positioned for rapid revenue growth, and the elimination of all interest payments will augment net earnings expansion."
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Javaco will operate and manage the Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid cleaner in a water soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves thousands of dollars in shipping. The user simply adds water to the container without measuring or cutting the Pak-It. Large retailers and many national Building Service Contractors already using the product have documented significant cost savings from shipping, training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from reading archived tapes (including microfiche) from clients such as NASA, (ii) income from the recently acquired Javaco, Inc., (iii) income from the sale of Pak-It products, and bulk chemical facility which we realize beginning October 1, 2009, and (iv) from the anticipated commencement of operations in the fourth quarter of 2009 with Plastic2Oil, a process and service that converts plastic to fuel oil. For more information, please see http://www.jbiglobal.com and http://www.javacoinc.com and http://www.pakit.com/.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: CONTACT: JBI, Inc. John Bordynuik, President and CEO john@johnbordynuik.com Investor Relations Katie Matkowski +1 (289) 296-5538 Katie@johnbordynuik.com
(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved. -0-
SUBJECT CODE: CHEMICALS PLASTICS Company Announcement
Posted by oldseven on :
HUGE PR OUT TODAY - this stock should double again shortly. Happy Holidays all!
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing
NIAGARA FALLS, Ontario, Dec 22, 2009 (GlobeNewswire via COMTEX) -- JBI, Inc. (the "Company") (JBII) is pleased to announce that December, 2009, has been a month of intense activity and very positive productive progress. The Company and Rick Heddle have agreed to a Joint Venture whereby Heddle Marine Service, Inc. will retrofit ships with P2O processors. The Company is now finalizing a JV Agreement for production of its first P2O ship with Heddle. JBI anticipates contracting with various countries to convert their plastic waste into oil.
The launch of P2O in early 2010 will be an exciting and important harbinger for job creation, environmental clean-up, and oil production. Plastic waste is a huge global problem, contributing heavily to landfill expansion and ocean pollution. The Company has a goal of initially establishing 2500 P2O sites with municipalities/interested parties and launching P2O ships for various countries' plastic waste retrieval and energy production.
Converting plastic to oil has previously been attempted unsuccessfully by other companies as it was not economically feasible. However, the Company's research discovered a unique catalyst that is now proprietary to P2O, as it greatly enhances the efficient and economical conversion of plastic waste to oil, allowing for a 99% recovery rate compared to 45% +/- for competing systems. In essence, the catalyst greatly expedites the cracking of the plastic and allows the Company to select on a tight curve the particular hydrocarbon to produce. Competing methods require much higher heat, considerable energy cost, prohibitively expensive residue disposal, and result in poorer conversion. There is a negative energy cost to operate a P2O processor, since 15% of feedstock weight is converted to gas to run the system. The P2O processor is not a "perpetual machine", 15% of its feedstock is consumed to provide gas to power the processor.
Heddle Marine Service Inc., established in 1987, is the only marine repair firm that operates floating dry-docks on the Canadian side of the Great Lakes. Located on land leased from the Hamilton Port Authority, the site has 160,000 square feet of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of fabrication shop and 5,000 square feet of machine shop.
This continually expanding, successful company, with 20+ years of expertise in rebuilding ships, converting tanks to cargo and cargo to tankers, will be a valuable and important partner in helping JBI to achieve its eventual goal of attaining a fleet of P2O ships to address global demand for their service. For further information, visit http://www.heddlemarine.com/
Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
The Company expects that Mr. Sousa's company will begin to quickly cultivate supply chains and sites for the installation of P2O sites throughout Florida concentrating first on large metropolitan areas and expanding outwards. The "Green" aspects of the P2O process is expected to solve huge problems in the area of plastic waste disposal as well as generate much needed oil for commercial use. Public-Private partnerships are expected and local, state and Federal credits are available for rapid deployment and cost effective development.
An independent lab investigation of JBI's P2O technology revealed the following information: Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally, the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
P2O produces oil at less than $10 per barrel. In the United States, refineries have indicated that they will pick up the fuel at the price of WTI (West Texas Intermediate) price less $3, currently around $70 per barrel.
JBI's Pak-It division is being positioned for anticipated dynamic revenue growth in 2010. The Pak-It factory in Philadelphia is being completely upgraded to handle high volume retail production for their eco-friendly line of cleaning products. An experienced 5-person national sales force is being hired in January. JBI is in current discussions with a very large, established company that has had great success marketing their consumer cleaning products via television infomercials. This company has indicated a desire to partner with Pak-It in an infomercial marketing campaign. However, if an agreement is not formalized with this potential partner, Pak-It will proceed on its own to have infomercials produced and begin a massive marketing campaign.
Successful infomercials have proven to be a very effective method to rapidly attain major consumer awareness and often generate a significant increase in sales revenue. The patented, cost-effective Pak-It product line clearly appears to have all the attributes for a successful infomercial launch.
JBI will soon establish a Board of Directors consisting of key talent within the Company, including the CEO, and on their Advisory Board, as well as some dedicated open market shareholders to adequately represent our anticipated large shareholder base. Unlike many other BOD's, the Company wants to have a proactive Board that is committed and focused on the continued future growth of the Company for the benefit of all shareholders.
Additionally, the JBI websites are currently being redesigned by a group of loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the Company's achievements and unique technologies. On-site videos will provide the world with a clear view and understanding of the Company's important technologies.
John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first week in January to meet with exchange officials and begin the application process to up-list JBI on the American Stock Exchange. Furthermore, at the end of January, Mr. Bordynuik will be traveling to China to meet with P2O processor manufacturers, and establish production requirements and volume agreements. The Company has previously been advised that its Chinese manufacturer could produce one P2O processor every day, with a 15-day lead time for each batch.
Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9 million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as of that date, total outstanding common shares will remain at 46,725,106.
John Bordynuik commented, "All of JBI's dedicated team members have been working long hours and very hard to ensure an extremely successful future for our Company. I am most appreciative of all the loyal supporters who have stepped up and committed their valuable time and efforts to our shared vision of growing JBI into an extraordinary, successful company and maximizing share valuation. I wish everyone a most joyous holiday season and a very prosperous New Year."
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBI's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil. JBI has also acquired the following operations:
JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Javaco will operate and manage the Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid cleaner in a water soluble sachet) Pak-It can deliver glass cleaner, disinfectant, multi-purpose, and many more cleaning products (42 products currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart container). This delivery method is "green" since it's fully biodegradable and saves thousands of dollars in shipping. The user simply adds water to the container without measuring or cutting the Pak-It. Large retailers and many national Building Service Contractors already using the product have documented significant cost savings from shipping, training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from reading archived tapes (including microfiche) from clients such as NASA, (ii) income from the recently acquired JAVACO, Inc., (iii) income from the sale of Pak-It products, and bulk chemical facility which we realize beginning October 1, 2009, and (iv) from the anticipated commencement of operations in the first quarter of 2010 with Plastic2Oil, a process and service that converts plastic to fuel oil. For more information, please see http://www.jbiglobal.com, http://www.javacoinc.com and http://www.pakit.com/.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: JBI, Inc. CONTACT:JBI, Inc. John Bordynuik, President and CEO john@johnbordynuik.com Investor Relations Katie Matkowski Katie@johnbordynuik.com +1 (289) 296-5538
(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.
Posted by a surfer on :
up to $4.80 way to go
Posted by zardiw on :
quote:Originally posted by a surfer: up to $4.80 way to go
$4.95 high.....could bust $5 today.....z
Posted by oldseven on :
Closed yesterday at $7.20, its down a little this morning if anyone is looking for a little pullback to get some shares. Good Luck and Happy Hew Year All.
Here is an e-mail posted on another site.
Hello XXXXXXXX,
My answer is the following:
The bench top model was filmed months ago beginning in April. Since then we have tested in large batches and now a continuous processor. The process scales nicely.
Our "cost" per barrel was achieved by metering feedstock with output and then loaded up the business model with every possible cost including excessive costs like royalties, excessive staff, etc... We then cut the production in half while maintaining the same overhead (for a conservative approach). No 3rd party chemical firm is going to release a report and allow it to be published (they specifically state so). It comes down to their risk management. We do however provide reports for JV partners for their due diligence.
I suggest anyone who is unhappy with the information I have disclosed not to invest. I suggest investing then when you are comfortable: ie) after coming to the AGM to view a large continuous processor running, when 5 JV's are running, 10, or the P2O ship, or when we send one to the Pacific Garbage patch, whatever. Then pay the difference from what the share price is today.
I have built this business on open communications with shareholders, moreso than 99% of public companies. I won't burn 3rd party labs by releasing their reports in the public domain nor will I disclose trade secrets to the detriment of our existing shareholders. I get $1/year and have not sold a share. I get paid when the company is large and making a lot of money. My management team are only compensated by the highest form of value-based management. Our BOD will only have common shareholders who purchased on the open market for transparency, clarity, and open communications with shareholders . We aren't doing business like other public companies - we are doing business the way they should. We got this way because I did not let in JV or Funds into the company early to mess around with the Board and do the usual P&D.
I have executed 12 out of 12 times, in record time, while maintaining integrity within the company. P2O is a done deal from my standpoint, we are 100% all in. Decide when you are comfortable with it.
Regards,
John Bordynuik CEO JBI
Posted by oldseven on :
NIAGARA FALLS, Ontario, Jan. 6, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII) announces that the Company has paid all corporate debt, including accrued interest prior to its December 31, 2009, year-end in furtherance of its growth strategies. The Company's debt-free status results in a monthly savings of over $26,000 in interest payments.
The debt and accrued interest was paid without dilution to the Company's shareholders. In order to increase shareholder value and prevent shareholder dilution as JBI expands, since June 2009, CEO John Bordynuik has returned 31 million of his personal common shares to the Company's treasury.
"With so much opportunity on the horizon including the launch of P2O and the establishment of P2O sites pursuant to our LOI and the anticipated listing of our Company on a senior exchange, it was critical for me to achieve my goal of a debt-free JBI prior to 2010," said Bordynuik. "I am proud of this Company and its loyal shareholders that made this significant accomplishment possible."
Posted by zardiw on :
JBII is now debt free!
And here's the JBII Blog, with a ton of great info:
CEO will be in NY on Tue Jan 19. We're going to uplist to the AMEX........z
Posted by zardiw on :
People of JBII:
z
Posted by zardiw on :
CEO in NYC being wooed by Nasdaq/AMEX:
z
Posted by zardiw on :
Expecting HUGE announcements before the CEO goes on his honeymoon on Valentines Day.......z
Posted by zardiw on :
This says it all:
Posted by: Estimated_Prophet Member Level Date: Sunday, January 24, 2010 1:33:37 PM In reply to: Jim Bishop who wrote msg# 218438 Post # of 218497
Pretty good JBII post if you are a naysayer
Yes, it is a cult stock. I think that is easy to understand. I expected it when I first started purchasing shares in late August 2009. I and many believe it to be the best stock opportunity ever. I think even the naysayers can admit to that, as this is a too good to be true story. So, of course it's going to be a cult, and of course people are going to be radical about it. Add to it a CEO that has some moxy, and a flare for communicating in modern ways(FB). Steve Jobs has a cult like following, and so will JB if he accomplishes his goals. Wait until you see what the cult looks like a year from now, if the goals are being obtained. It may look like Jesus Camp
Many of us JBII longs have a deep appreciation and love for the CEO. We think he is doing things the right way, and that he is the most honest CEO we have seen. So, again, that adds to the cult, and the cheerleading. Maybe we are wrong, but it hasn't been proven out yet. The only thing we have is his word and his pattern of execution. Everything has looked great so far. I expect the speculation on P2O to be knocked out within 60-90 days. At that time, we'll all find out who made the right decision.
John has stated that when he found the catalyst that he did not think the research being done had converting plastic to oil in mind. Oil was cheap, and plastic was not plentiful. Look at a chart of plastic production. We produce 7 times the amount of plastic today versus the early 70's. I have asked John about the original owner of the catalyst. He says they have no claims on ownership of it. He gained ownership of the research when whatever institution sold the tapes with the knowledge on them signed the waivers of release.
John's IQ of 170 probably makes him very capable of understanding chemistry beyond what anyone of us could. John is a schematics and engineering geek. I think it translates, but why is this a knock anyway? He is just going to produce the chemical catalyst that he found. He has hired chemist in the company. They have done a lot of research on this. They aren't just winging it. John isn't putting his credibility on the line without major research to back up his claims.
That's a key point that naysayers never discuss back with me. Why would a guy like John pull off a pump and dump? It makes no sense at all. He is sole sourced by NASA and MIT. A multi-billion dollar oil company trusts John with their precious seismic data. It takes a lot of trust in someone to give them all this incredibly precious data from oil and gas, NASA, and MIT. Everything you read about John backs up his credibility and honesty. Please point me to something contrary to this.
The machine is being validated by a third party lab that usually validates refineries. The reason he put it there was to help expedite the permitting issues. He wants to show that it is a green process. You think they are worried that it isn't, and just threw it over to a third party lab the instant they received the final parts to the machine? Give me a break.
I don't think they can scale it up any larger than the current 20 tons a day. The process is currently limited by the condensers ability to process the hydrocarbons. That might be something they can upgrade in the future.
I can't answer the licensing part of this. The machine was built by John. John, I believe, enjoys building things. Maybe he wants things to go according to his plans, and maintain the largest ownership possible.
The cleaner, lol. It's a great product, but we aren't investing in JBI for it. It's a nice product, that should bring in some nice profits. The main need was for catalyst production. I have some Pak-It's under my sink. They have been there for about 3 months now. I thought I better check on them after reading this post. Yep, doing just fine. Just sitting there, still in their Pak-It's.
John is flying in an analyst this week. He has flown in some very large business men to see it already. Al Sousa seemed to be confident of everything.
I look forward to John knocking the speculation out of all of this. Again, I think we'll have it clearly TKO'd within 60-90 days. Then, all the naysayers can say to potential P&D's, "looks too good to be true, but then there was that one that wasn't, JBII, but that was one in a million". Or, I lose faith in humanity altogether if you naysayers are correct.
z
Posted by zardiw on :
JBII: John Bordynuik : I already filed the NASDAQ application and wired the $5000 fee.
1. Sole Sourced by NASA. 2. Impeccable reputation of John Bordynuik, CEO. 3. Has been invited by a managing director of Nasdaq (Jordan Saxe) to uplist to the Nasdaq Exchange. 4. Has filed applications with both Nasdaq and AMEX, and wired the application fees. 5. Company is fully reporting with SEC Filings. 6. Company is Debt Free. 7. OS recently reduced by 20% to 46M. 8. CEO has returned 75% (30M) of his private shares to the company treasury. 9. Company just launched professional new website ( http://JBIGlobal.com ) 10. Company's subsidiaries are structured to support each other. 11. Management highly qualified and diversified as to their talents. 12. Company products and services are Ecologically Green. 13. Company makes every effort to keep shareholders informed. Company Blog: ( http://jbiglobal.blogspot.com/ ) 14. CEO informs shareholders on FaceBook on non material developments. 15. 100% Follow through on statements made by the company. 16. Owns largest Engineering Knowledge archive in the world. 17. Has been issued patents on Pak-It concept, and a Dirty bomb detector. 18. Company owns roughly $10M worth of media credits 19. Authorized shares increased to 150M (Pro/Con, since these are needed for future acquisitions). 20. Company is under total control by CEO. (Not sure if that is a pro or con, so I put it on both sides). 21. Transfer Agent is UnGagged.
CEO:
JB1. Nicknamed 'Honest John' by various media. JB2. Salary = $1/year JB3. Nothing derogatory has been found in DD'ing the CEO. JB4. Provided unique services to Paul Allen of Microsoft. JB5. Has an IQ of 170. JB6. Built specialized tape drives, and developed software to read legacy computer tapes.
Plastic2Oil:
P2O0. If only 20% of all the waste plastic dumped into landfills in the US were converted to fuel and sold it would result in revenues of $4.2B/year. P2O1. P2O concept has been proven by other companies to work on a large scale. P2O2. P2O Catalyst is proprietary intellectual property of the company. P2O3. Prototype testing shows that with the proprietary catalyst, production is increased by a factor of 16. P2O4. P2O machine is being validated by a State Certified Lab P2O5. State certified lab has agreed to release their name and the results of P2O validation in due course. P2O6. LOI for 45 P2O JV's in Florida. P2O7. First P20 franchisee is an ex VP of a multi-billion dollar NYSE company that got bought out. P2O8. Implementation cost of P2O lower than competition. P2O9. JV with Heddle Marine to build P2O equipped ocean going tankers. P2O10. No competition in the ocean going P2O tanker arena.
Pak-It
PI1. Pak-It products used inhouse in all Home Depot, Sears, Staples, Regis Salons, and Michaels stores PI2: Products: Pak-It - Fully validated by Home Depot, Staples, etc as to high quality. PI3. Pak-It products have been tested by IHub shareholders and found to be exceptional. PI4. Retail marketing plan in place for Pak-It rollout via Western Creative. PI5. Expansion into Canada is underway. PI6. Production automation is underway. PI7. New production facility planned. To be built in New Jersey.
Legacy Tape Reading:
L1. Company is currently reading thousands of tapes for NASA using specialized tape drives and software. L2. Products: Tape reading - Fully validated by NASA, etc. L3. Company can read legacy tapes at 100% accuracy L4. Company has no credible competition in legacy tape reading. L5. Huge market exists in reading Seismic Tapes for major oil companies.
Javaco:
J1.. Javaco is a company built from the ground up by a CEO (Judy Vasquez) who has extensive connections in Mexico and South America. J2, Javaco listed #3,697 in top 5,000 fastest growing companies of 2007: http://www.inc.com/inc5000/2007/company-profile.html?id=200736970
Con:
1. Market Cap is high based on current revenues. 2. P2O large scale with company catalyst unproven at this time. 3. Trades on the OTC. 4. Company is under total control by CEO. 5. No mainstream media coverage currently. 6. Authorized shares increased to 150M. (Could theoritically be used for dilution).
z
Posted by zardiw on :
quote:Originally posted by T e x: man...I looked at his FB page--he sure has his share of hotties for "friends." You see that?
I KNOW....I'm asking to be friends with all of them.....lololol......z
Posted by zardiw on :
quote:Originally posted by oldseven: Zardiw, I don't think this answers my question. Is it still 3 weeks or how long before the processor is producing? "More than 1/3 of the original design is now retired" - does this mean 1 less week(1/3 of the original estimated 3 weeks) for the assembly? Now 2 weeks? We were also told alot of the assembly was taking place even without the second container arriving - so does that mean 1 week then? Zardiw, do you know if there is a new time table to get the Processor assembled and operational? I assume the original 3 week estimate was way off base and a new timetable has been established.
I think we're getting close......don't know what the time table is....but they're working damned near 24-7 on her........z
About 100 days(2400 hours which is = to more than a year's worth of working hours) now since this all took place and how much has the working processor profited?
Posted by zardiw on :
Got hotties workin there as well....Katie for instance......z
Posted by zardiw on :
At the African Petroleum Producers Association last Friday:
He was able to talk about Plastic to Oil, and was not limited to 15 minutes as originally planned:
JBII CEO: (From someone who was present at the time)
I am certain JB and team are working as fast and furiously as they can. I have seen him pull things off in a timeline that companies with many more staff and resources could not. ie he completed a very sophisticated and elegant electronics system for a Fortune 500 company that it had taken another well-known and much larger company well over a year to do, and their's was problematic. John completed the hardware applications in under one month, with only two support staff, and it not only worked perfectly, but was cost effective and absolutely reliable. For all those naysayers - he will do it and you will be amazed. Unfortunately, the pressure he must be under in terms of timelines! give him a break, he's got alot on his plate - if he is showing it off late April, it will be ready. You'll see!
z
Posted by zardiw on :
Only 12 days til the AGM and the Demonstration of the 20 Ton Production Plastic to Oil machine........z
Posted by zardiw on :
450 Shareholders attend JBII AGM. Plastic2Oil Production Machine Revealed.
Over 450 JBII Shareholders attended the AGM on Saturday, April 24. On Sunday, April 25, some 250 shareholders participated in the Plastic to Oil (P2O) Tour of the first Production Machine.
Annual General Meeting:
90% of JBII is owned by retail shareholders. Many of them have devoted an incredible amount of time and energy towards helping the company succeed John Bordynuik: Thank you very much. We have built a culture (more so corporate character) where everyone loves to come to work everyday. It is a lot of fun and challenging to execute quickly on something as complex as P2O. We take pride in our work and how our P2O runs. Many of our staff worked on the P2O machine, irrespective of their position. Mike Moneyhan ... See Moreworked countless hours on the P2O processor to learn everything about it for P2O marine. many shareholders helped make the AGM what it was and/or build/assist with P2O. Lisa Matheson did an awesome job setting up the AGM with little notice and less than a month to schedule and execute. We don't have a "it's not my job" nonsense. We get things done well because everyone works cooperatively towards one goal. I did not have time to prepare for the AGM or the tours as I was very busy with P2O. I provided some pictures, rough timelines and outline to Lisa and Amy... they placed the pictures in a presentation and I discussed what we encountered and learned over the past year and what our strategy is. Tours were the same. Q&A answered many questions. Our AGM was a great experience. Al Soussa told me he never saw such a shareholder turn out even when horizon went to a billion dollar company (maybe 150 shareholders -- we had well in excess of 400). It's wonderful our shareholders are passionate about our company -- they own it and clearly take pride in what we all own. Shareholders flew in from Argentina, Ireland, Switzerland, Europe, across the US and Canada, China, etc... It was an awesome experience.
John Bordynuik: JBII AGM: well over 400 people attended, will have an exact count next week. It was great to meet and talk with our shareholders collectively. I'm so thankful we have such a strong shareholder base to help take this company to the next level. Over 260 coming to P2O factory tomorrow. Thank you so much for all your support!
Humbling.
That's what this weekend's AGM was for me.
Humbling to see over 450 people turn out for the meeting. Humbling to meet John, Jacob, Geoff, Al, Michael, Linda, Greg, Amy, and the rest of the management team and board, and discover just how bright, friendly, and motivated they all are. Humbling to see the P2O machine up-close and running. Humbling to see the evolution from the Blest prototype to the 20-ton machine, including all its iterations and improvements, in barely 9 months. Humbling to see the fuel quality report posted on the wall of the P2O factory. Humbling to hear how PhD chemists from IsleChem were themselves humbled at the results of JBI's P2O process and the efficiency of the catalyst. Humbling to learn that there is no scrubber or filter on the exhaust of the P2O machine. Humbling to mix socially with shareholders and JBI management on Friday for drinks at the bar; a group of people from all walks of life and all corners of the globe who believe 100% in John and this company, and who won't give up any shares for a long time to come! And finally, humbling to see first-hand the result of all the hard work and dedication that the organizers of the AGM and P2O tours must have done in order to pull off such an large event (that was, incidentally, flawlessly executed).
There is simply nothing more to learn about JBI that will change my conviction that this is THE company of the decade. I'm all in, and thank all of you who helped me get there! Your insight has been very much appreciated. - Stu Miller
Plastic to Oil:
Small groups were bussed to the production facility where they viewed the machine in action.
Some 250 shareholders participated in the tour of the first Production Machine.
John Bordynuik explained how the process works, and revealed the LCD Control Panel he designed to monitor the machine as it is running.
We saw the plastic feedstock that is processed, and were shown a sample of the diesel output.
For safety reasons, the observation was behind a glass window in a room next to the machine, however several people who had entered into a JV with the company got to view the machine up close and personal.
Here is one report:
For what it's worth, I got the up-close-and-personal version of the tour behind the blast wall. John turned the tap, and ... as you can expect... amber fuel poured out. It was very hot.
And very real. - Stu Miller
John Bordynuik, CEO: JBII P2O tours: 200+ people toured our P2O factory today from 9am to 5pm. Shareholders from all over the world attended our AGM and P2O tours. I will post pictures of the AGM and P2O factory tours as soon as the photographers email them to me. I really enjoyed meeting all of you and am looking forward to seeing you again next year.
Estimated Prophet: P2O as claimed by JBI is real, and the numbers are very conservative. This is John's destiny. His friends, family, and neighbors have always known it. John blew the presentation of P2O at the AGM out of the water. He was completely in his element as the CEO. It looked 100% natural. People will read about John Bordnyuik for 100's of years in textbooks. He has what most great people who has achieved amazing things in society have, the ability to manifest his vision. You realize that very quickly after watching John's presentation on P2O.
It's amazing to be apart of it. I always knew it was my own personal destiny to find it, eventually. The ocean refuses no river.
We witnessed a working processor. The AGM presentation informed us that the fuel is sent outside the facility in a holding tank that tankers pull up to and fill up. So, seeing the fuel coming out was probably out of the question logistically with the weather and timing. We did see fuel that had just come from the processor in a sample container. The camera guys confirmed to me that it came from the processor before we arrived. The data screen was clearly showing the processor was working, the odor from the plastic, the noise all indicated the processor was working. You don't get ready for a stack test if it isn't up and running.
I wouldn't worry about people needing proof of refinery comments. People need to learn to trust some comments, and if you can't now, you never will. I spoke with the fuel blending facility owner, and they said the fuel is highly marketable clean, beautiful fuel.
Security of the P2O Facility: Very impressed to see armed security on the premise for the tours. It was something that I hoped we would see. Without it, it would have been a major yellow flag. I inquired about the area the facility sits in, and was assured that the total police presence is very high in the entire area due to the adjoining industrial enterprises.
P2O Marine:
John Bordynuik Hello Nick - without getting into any material information I believe a great strategy would be to have a small tanker (3000MT to 6000MT) so that it can service the islands. Both Rick Heddle and Michael Moneyhan agree. Initial suggestions have always been to have a small ship that can go to as many ports as possible. I wish I could say more but I can't.
[u] Some Shareholder Responses:[/u] (From Facebook)
Bob Chick Attended the tour. Thanks John you and your team did a first class job, You should all be very proud of your work! Thanks for giving us a glimps of the future.
Nick Sylvester We had a great time John, everything went smoothly, informative, AGM and P2O tour. We're very excited about the future of this company, well done my friend, well done!
Brian and Holly Seburn Great job John. It was very organized and everyone seemed pleased. Get some well deserved rest!! Holly
Dave Evans Well done! Professional! Straight forward and to the point!
Diane Gerbert-Ballum John, the meeting went great! Lots of information and excitement, from you, and the audience. It was great to meet other shareholders, and find out that they are just regular people like us. Thank you for this opportunity! Keep up with the great work!!! We will be there with you, every step of the way!
David Ballum John, thank you for all you're doing. Great AGM, very proffessional. Love the work you've done monitoring and automating the P2O processor. Can't thank you enough for the opportunity to participate in a world changing company.
Stu Miller A flawlessly planned & executed event -- congratulations to the entire JBI team! I cannot imagine the work that went into it all! It was well worth the trip across the pond to attend, and I enjoyed meeting all the JBI management team and board members. The future is bright for JBI!!
Aaron Pickert It really was an awesome experience. Lisa and Amy should be commended on an outstanding job. You never would have known they had to work with such a short timeline. The fact that you didn't prepare, and gave the presentation you did is quite amazing in of itself. You knocked it out of the park!
Janice Seburn: The first AGM was extremely well organized. Congrats to those involved. John your enthusiasm has to be contagious to your co-workers. Job well done.
z
Posted by zardiw on :
JBII AGM Pictures posted:
z
Posted by zardiw on :
It's Raining Diesel:
Check out this latest video of the P2O output........10 MINUTES after startup:
NIAGARA FALLS, Ontario, May 20, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) today entered into an employment agreement including a compensation plan for CEO John Bordynuik. The compensation plan will commence upon issuance of the production permit for the Company's first Plastic2Oil processor. The five year agreement provides Mr. Bordynuik with a base salary as well as option awards contingent upon specific milestone achievements consistent with JBI's value-based management philosophy. Compensation will be reviewed by the Board of Directors' Compensation Committee annually.
Mr. John M. Wesson, Chair of the Compensation Committee, commented, "This agreement affirms John Bordynuik's efforts to build value for JBI shareholders and provides him with compensation for achieving milestones significant to the growth of the Company. The Board looks forward to establishing additional incentives as soon as the outlined goals have been achieved."
Posted by IWISHIHAD on :
Below is a quote from another board about the sad reality of believing to much.
Quote:
"reason I'm beating myself up(many have said privately I shouldn't) is because I continued to believe the timelines given would be met. My enthusiasm and confidence rubbed off on many others, causing them to purchase stock at higher prices than today. It makes me sick thinking I might play a part in people losing money, or in losing positions that keep them up at night. I field a large number of calls each day about JBII. You wouldn't believe some of the predicaments some people are in. One person has cancer and has their final investment dollars in here as a hope in something. Others have put their retirement funds here at higher prices than todays close(because they didn't save enough to retire properly). I have played a small part in that, and it kills me to know how they are feeling, and I feel a great responsibility to them to have very sound judgement. What do you tel someone in this situation? I think John is going to pull P2O off, and prove his claims, but there are some very troubling things here. It makes it hard to tell people to hold on, we'll be fine. I've told so many people about JBII that my name is going to be MUD if it doesn't pan out. It's humbling to see the thunderclouds building recently, and I can only hope they'll just blow on by. I don't sleep well knowing that people are in these situations.
My biggest problem is this:
My 8th JBII post, and first week of being in JBI, I said this.
It was in response to an email that John had sent someone about how the 10Q was going to leave the flippers in the dust, and how they would always file on time, and even early. What happened was they ended up filing late, and the flippers were most certainly not gotten rid of.
The very original website had a business plan section. It said the large 20 ton processor would be running in August, I think. So, John thought he could go public in April. and four months later have a processor in commercial production. It then said that franchises would be in operation the following months. What was he thinking?
It was said to us that the processor would take about 3 weeks to setup and 2 weeks to tweak before going into production. Then, the story changed, and had to go to IsleChem. That totally made sense, but that was a change in the story. We were told that it would take maybe two months, but felt it would be ready by X-mas. It took 4-5 months! Again, understandable when you look in hindsight, but why such high expectation building?
I just can't understand how someone never learns the lesson that things take longer than you think, and that eventually the failed expectations are going to nail your credibility. JBII has been in the put up or shut up phase for 5 months now, due the expectations being built. John talks about loyal shareholders, building for the longterm, but he build such huge expectations that can't be delivered upon in the time he sets.
These comments get him in trouble with Q&A sessions after vacation, 3 shifts of tapes running, and media event one week after AGM.
Wall Street doesn't take kindly to this sort of behavior, because it's the pattern that scam artist use. I don't think John is a scam artist, but I think it looks really bad on him that he consistently makes this mistake. I can only hope the reason is he just caves to the pressures of being a CEO with certain business plan execution deadlines and pressures.
I love and hate the F%$# it attitude John has towards Wall Street and those who have concerns about JBI. Love that he is confident he has the goods, but hate that he takes it so personally that people are skeptical of something so amazing. I have brought concerns of some people who have taken a major position in JBI to John before, only to have him say, if they don't like it, they don't have to invest. I have this internal reaction of, but John, they are invested. These are real concerns, why do you refuse to even acknowledge them? Acknowledge them, or say why they shouldn't be a concern. Drop the ego.
I don't think we would have as violent of swings if expectations were managed better, and if communications were actually geared for the long term, all along. John will say he is building this for the long term, have patience, but then give a timeline and expectation for it all to happen to tomorrow.
I'm ready for JBI to hire more highly qualified and talented people for key roles to take things off of John's plate. He's going to kill himself if he keeps juggling as many balls in the air at one time as he does. He needs to learn how to delegate, and focus on the things he is best at. Stop taking concerns personally, and actually listen to the feedback that comes in. Skeptics can be overly harsh with an emotional reaction, but there is something to be learned from the message. Believe it or not, sometimes there is actually a very good message from it if you can weed through the emotional BS.
It may be a mixed blessing that JBI isn't on a higher exchange at this time. Maybe, the company can straighten itself out now during the challenges. I can only guess that it has taken so long because NASDAQ and institutions can't figure out JBI. Maybe the company will actually take it to heart, and make the proper changes. It would have been a lot more difficult to convince people to do it if they were already on a higher exchange and had the permit. I could be wrong, but I have thought for a couple weeks now that NASDAQ won't list JBI until they show a permit and run ticket. It makes sense if you put yourself in NASDAQ's shoes. I don't care about the uplisting, I care about the permit. Uplist means nothing if you never have a permit and prove the claims.
Anyway, I continue to hold and believe in John. It just doesn't make sense to me that this is a scam. Never has. IsleChem is not in on the conspiracy, as has been pointed out lately. You don't put your family, friends, neighbors, and local residents in if it is. The real risk is that the proper personnel and infrastructure isn't put in place.
Hopefully, there are no further unforeseen delays to getting this permit. It does worry me that we weren't allowed to see plastic going in, and oil flowing out at the tour. Are they having trouble loading plastic? Is the machine ready for the stack test? Do modifications need to be made? Do they need to build another version? Can they run version 1 while building version 2? All problems that I feel confident John can tackle(if they are problems at all, I don't know. All we can do is speculate, as there have been small problems every step of the way), if he has the time and focus on it full time. We have been in the put up or shut up phase for far too long because of expectations that were built.
Hopefully, we can capitulate tomorrow, and put this downward pressure behind us with a bottom. It's going to be tricky with PIPE shares coming lose and the market blowing, but if the simple air permit can be obtained in the next few weeks, things should get turned around, and we can start to daydream again about the Matrix."
Posted by IWISHIHAD on :
This is going to be an interesting one to watch in the next few weeks, not sure which way she will go, been going backwards hard since pr.
CEO might have to pull out a hat trick to try and get it reversed, we will see.
Have not seen Oldseven around for awhile.
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Posted by T e x on :
hate to say it, but not lookin' good.
Posted by IWISHIHAD on :
Originally Posted By Tex:
"hate to say it, but not lookin' good."
_________________________________________________
Probably the lastest PR. did not help, especially before income started coming in from a processor.
They seemed to have burned through some cash since the first pipe offering, which raised quite a bit of cash, now another few million raised in the latest pipe.
I still have some shares, we will see where she blows to, not sure if i want to re-buy some.
At this point just seems like another high price penny stock, but who knows.
Not sure that an uplisting right now would help or hurt?
The big board is not exactly the safest place to be for any stock especially a speculative one, hard to know for sure.
Their going to need to show their cards soon or i am guessing this one will continue a tailspin.
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Posted by IWISHIHAD on :
This one has been dropping hard.
I never expected this hard of drop after holding for so long in the higher range.
Not that there has been any decent news for a long time, but all the sudden a hugh drop makes no sense.
Waiting to see bottom, but at this rate might be waiting for awhile. Been tempted to re-buy some, but not until i see a decent break in the fall or some real production with some real numbers, if that comes.
Waiting to see, wishihad cashed out completely in the 4's and rebought those shares.
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Posted by T e x on :
Well, you know what we always say: trade 'em, don't marry 'em...
Posted by zardiw on :
Yes, I understand why some people are foolishly skeptical. I understand that with lots of huge winners I've had. All of the excuses in the book are great to tell friends and families why they missed out on an obvious huge winner because they didn't trust a former business segment of OxyChem, a $65 billion NYSE company.
Islechem said the process will scale and there's no difference between a 1 ton and 20 ton machine. YOU may think otherwise, but YOU didn't spend 4 months working on it. YOU don't know why they feel that way. Is the 20 ton processor just a longer version of the 1 ton and generates identical heat and processes identical density of plastic just in a longer vent? Is the 20 ton processor really just a chamber of 20 one-ton units? I don't know....do you? Who are we to challenge that they don't know what they're talking about? Are we sure they haven't done anything with the 20 ton processor?
"Islechem engineers formed islechem by privatizing Occidental Chemical's R&D lab. Their passion is unique: They are concerned that their own kids can't get jobs on Grand Island (or in Niagara for that matter). They've run their tests and allowed us to put their name in a PR as they are happy with the results so far. and don't think for one moment they didn't weren't sceptical at first." ~~John Bordynuik
WS+B has achieved six consecutive passing peer reviews without comment. What this means is that other CPA firms have objectively rated our accounting and auditing work as "high quality" under the guidelines established by The American Institute of Certified Public Accountants. On average, only four out of ten firms receive passing peer reviews without comment even once.
WS+B was ranked 30th among the 40 most prestigious U.S. firms in the 2008 edition of the Vault Guide to the Top Accounting Firms.
Scam? Yeah right. That would be like serial killer hiring a forensic detective with a flawless track record to inspect his home.
Sure seems like the only even half-assed attempt to tackle the Islechem report, which is the #1 reason to invest and the #1 proof that this isn't a scam (yet it's all but ignored in the bear raid), is because there's a RUMOR that Islechem may have invested money into JBII(E) after validating the results?
Ummmmmmm.....
1. Do we have the slightest shred of tangible proof that Islechem invested in JBII?
2. If we do, why is this a negative again? Does Islechem normally invest in risky scam penny stocks?
3. I wish all of my stocks had former business segments from $65 billion NYSE companies feel so confident that they would invest money into them. Some how, some way, I think their "biased" chemical test results are 1000000 times more reliable than anything any of us could punch on a freakin' message board from thousands of miles away from Niagara. If they did invest in JBII, they obviously did so because they believe their results, they are DAMN GOOD at analyzing, and they are going the extra mile by putting their money where their mouth is.
It would be foolish to blindly say "well it's a penny stock therefore it automatically has little chance of success"
That's like saying when you're playing poker that there's 10 people at the table, so your odds of winning the hand are only 10% while completely ignoring that you're holding a full house in your hand.
When you hold a full house, you bet, and you bet big. Only a fool blindly says "odds are pretty low since everybody has a history of only winning 1 out of 10 hands"
You're right. It's a numbers game. And I don't see very many penny stocks getting validated by former business segments of $65 billion NYSE companies. There's risk as there's risk with ANY and all stocks, and it's a risk I'm comfortable taking with some of my money. You won't win at poker every single time you hold a full house, but you will win at least 75% of the time so you need to make your bets when you hold a full house.
JBII(E) is holding a full house. Bet accordingly.
Raw
z
Posted by IWISHIHAD on :
You must have posted on the wrong board.
This is Allstocks!
That quote above was from another board, not sure it makes any differance who approves what as long as they get into production.
The problem seems to me that there is always another problem and more delays, that's the big reason for the price drop.
Not sure what your going on about, 1 ton, 20 ton, 100 ton,, most are probably waiting to see any size machine in production and see if they can make money running it, like they say!
This is a penny stock that's always a good reason to be skeptical.
Hope they get something into production pretty soon, before some of the latest pipe shares hit the market.
Still in some and wishing for production numbers to show up.
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Posted by IWISHIHAD on :
NIAGARA FALLS, Ontario, June 10, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBIIE - News) is providing notice that the Company's previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission ("SEC") on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company's former independent registered public accounting firm, Gately and Associates, which was dismissed on May 13, 2010, was informed of the matters disclosed above.
Subject to approval by its new independent auditors, Withum Smith + Brown, PC, the Company intends to file revised financial statements as soon as they are available. The Company has hired Moore Stevens to assist in this effort, and provide ongoing accounting expertise.
About JBI, Inc.
JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at http://www.jbiglobal.com/.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Contact: JBI, Inc.
Posted by IWISHIHAD on :
I am surprised they still do not have their financials done.
They only have a little longer and i think they will revert to a pinkie, but i guess they will lose the E.
I thought by now they would be on the big board, at least that's what the indication was when they applied.
Still holding in the 1.50's to 2.00's, but not sure how long without some major news.
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Posted by IWISHIHAD on :
Jbiie sure is hitting hard times since it's high.
No word at all from the CEO, seems to be in a silent phase.
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Posted by T e x on :
about to go pink and lose the "e," right?
Posted by IWISHIHAD on :
Not such a good way to lose an E.
I don't think i have been on a stock that has went backwards to a pinkie, although i am sure it happened many times.
Still has a few days to pull it out.
Even if it stays on this board, needs some real good news to turn it around.
Some of those pipe shares will be hitting the market soon, which will most likely bring the share price down more without some good news.
Something sure does not add up here lately, but time will tell, always exciting in penny land and you never know what's coming next.
I've always been a proponent of the Bottom Line. So what IS the bottom line here?
To me it's very simple.
JBII has a waste plastic to diesel processor that is light years ahead of the competition:
It eats waste plastic, and spits out: 90% high grade Diesel, 8% Natural Gas, and only has 1% non toxic residue.
It's Green. There are no toxic emissions whatsoever:
It's operational. It works.
It's been independently validated to work by IsleChem (a very high class company run by some brilliant CHEMISTS).
250 Shareholders saw it running full bore at the AGM which was attended by over 450 shareholders.
One day very soon, there will be a press release that states the company has received their air permit, and is commencing production.
They will most likely announce that they have sold the fuel that's in that tanker outside the building where they've pumped all the diesel from test runs.
Everyone will then realize that it's for real.
And I anticipate intense competition for shares at that time.
Then we have Pak-It with it's elegant solution of putting cleaning chemicals inside water soluble packets.
Pak-It has been generating profits all along from sales to businesses like Home Depot, and has now started to penetrate the retail market.
Karcher is already selling the Pak-It cleaners on Amazon, and they will soon be in your local WalMart.
Then we have Javaco, the little sister of the bunch, who recently reported a 52% increase in revenues. Javaco will give us a Plastic2Oil foot in the door for Mexico, and South America, since they already have a presence and extensive contacts there.
And last we have the 'sole sourced by NASA' vintage computer tape reading business that's been placed on the back burner until P2O becomes operational. We have a 100,000 tape backlog of NASA tapes at the moment, representing $2.2M in revenue. Addax Petroleum is already sending in seismic computer tapes to be converted to modern media. Other oil companies are sure to follow. Our company is the only one in the world that can guarantee 100% accuracy in reading these 40+ year old tapes. There are millions of them needing to be read and converted to modern storage. NASA has millions containing satellite data. Oil companies have millions containing seismic data.
So there you go.
The Bottom Line: JBII is on the verge of generating a significant increase in profits for her shareholders... imo.
z
Posted by buckstalker on :
Sounds quite impressive...now if they could learn how to do accounting and/or learn how to file required documents on time, I would really be impressed
Posted by IWISHIHAD on :
Bottom line is can they produce and make any money producing the fuel?
There are quite a few companies that have machines that can produce fuel/oil, but it appears that they cannot make a profit or very little by doing so.
The machine JBI has could supposedly already produce fuel when it was bought from China, but there must not be any profit in it or more companies would own them.
Many like the idea they claim, i have followed and bought shares in several of these companies over the years.
None have panned out longer term as many know.
Like most penny/pinks and companies making these claims it was not a good idea to stay in to long, hope this one turns out different, whether i am in or out.
Time will tell if there is any real profit in this machine and their catalyst.
The first financials must not have had the numbers included in them that they wanted investors to see.
If they can't get the numbers they want we might see the pinkies, at least that way they don't have to show any numbers.
I can't really see that happening after the promotion about heading for the big board, and then going the other way.
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Posted by buckstalker on :
Not sure, but I believe the stock price has to be $2.00 or higher for 20 days to uplist to AMEX
Looks like a pinkie to me...
Posted by T e x on :
Something's off--pinksheets shows it as trading pink, yet the ticker still has the "E." Latest action on Daily List is gaining the "E," May 25.
Posted by IWISHIHAD on :
Not much going on with this one, still not a pinkie yet, looks like their still hanging in pennyland.
So far it appears that the pipe shares haven't hit the market, must be taken them awhile to clear their shares.
Seems to have lost interest at this time, need to see some production numbers before much happens, if it ever does.
Time will tell what happens, but not looking good at this point.
I still have a few shares, but would not be surprised to see the bottom fall out if those pipe shares hit the market before some real good news arrives.
Not even sure what news would over ride those shares other than true numbers of plastic to fuel and real profit.
I don't think hype can carry this one again, at least very far.
Although pennyland is a funny place you just never know.
JBII now at the Top Tier Level: OTCQX ......equivalent to a NASDAQ Stock..........z
Posted by zardiw on :
ALSO......they passed their Stack Tests with Flying Colors........just a matter of days now for the Production Permit........AND a Major Media Event announcing JBII to the World............z
Posted by zardiw on :
quote:Originally posted by IWISHIHAD: This one keeps heading downward.
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I expect a permit sometime this month or early Dec. and as a result, I expect this to start moving up quickly. Will be good for 25% flip IMO.
Posted by IWISHIHAD on :
Oldseven, i have not seen you around here for awhile.
Still in?
Been a long drop since $7.00.
Should get a pop when/if they ever get that permit.
I am sure there are plenty of investors just waiting for that pop to get rid of their shares.
Probably most of those guys that bought in at $4 with the pipe offering are hoping for a big pop.
The company never has gotten very far with their money making projects.
Not unusal in pennyland.
Maybe some day one will go, i keep watching to see.
Good Luck.
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Posted by zardiw on :
NY DEC has given JBII the go ahead to commercially produce and SELL their Diesel/Gasoline product:
THOROLD, Ontario, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Today, JBI, Inc. (JBI) (OTCQX:JBII) announces that it has entered into a formal Consent Order with the New York State Department of Environmental Conservation (DEC) Region 9, which will allow the Company to immediately run its Plastic2Oil process commercially and begin construction of an additional processor at its Niagara Falls, New York P2O facility.
z
Posted by IWISHIHAD on :
Nice to see that they can run the machine, i assume it's running production now.
It sounds like they have all the free plastic they can use for years to come from what i have read.
Should be a hugh money maker since the operating costs of this machine are low and they have free plastic, again from what i have read.
There should be no reason for any more pipes or selling off any shares, they will have plenty of cash for everything.
We will see how it goes over the next few months, would expect to see a few pr's about production levels and cash sales over this time.
Good luck.
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Posted by oldseven on :
Interactive conference call today after the bell. Should be a good update on progress IMO.
Posted by buckstalker on :
CC progress update must have been "not so good"...
Posted by IWISHIHAD on :
Originally Posted By Buckstalker:
"CC progress update must have been "not so good"...
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Didn't appear to be much there, they did not seem to get enough out of it to even get a little run, although there was quite a few shares unloaded leading to the cc and it did not drop much.
Doesn't seem to get the attention from a cc that it used to.
Can't pull a hat trick to many times, investors start to get leary.
Maybe one day they will actually post some numbers from production that will get some interest.
But i am guessing that they will need something offical to back those numbers in order to help get investors interested again.
But you never know in pink land.
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Posted by oldseven on :
CC posted on website. They mentioned some big names implying they were some type of partner but never really said that. Sounds like they let the FL P2O team go but hired a fuel person. Nothing released about and fuel sales which IMO is why the PPS will continue to go down. Seems this whole project went public about 3-4 years to soon.
Posted by zardiw on :
THOROLD, Ontario, May 9, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company" or "JBII") (OTCQX:JBII) announced today that Oxy Vinyl Canada, a wholly owned subsidiary of Occidental Petroleum (NYSE:OXY - News), has agreed to purchase JBI's low sulphur heating oil for $109.80 per barrel. Low sulphur heating oil is a product of our Plastic2Oil(TM) process. Under the terms of the agreement, the first order of approximately 214 barrels of low sulphur heating oil is expected to be delivered this week.
"Today's announcement is for the sale of JBI petroleum products derived from waste plastic," said CEO John Bordynuik. "I am pleased that our green initiative has come to fruition evidenced by Oxy Vinyl's purchase."
JBI's revolutionary Plastic2Oil(TM) process converts mixed waste plastic into separated diesel, heating oil, and light naphtha fuels. Low sulphur heating oil is diesel fuel without transport additives. In Q1 2011, Bordynuik designed quality controls, fuel blending, and automatic additive injection so that the fuel produced is a final product, unlike crude oil. The agreement with Oxy Vinyl marks the company's first alternative fuel sale.
JBII used highly reputable laboratories and service providers to validate and test its Plastic2Oil(TM) process and products. This strategy has provided a long term benefit to our shareholders.
8-4-11: RockTenn(NYSE:RKT) Supplies Plastic to JBII:
On July 29, 2011, JBI, Inc. (“JBI” or the “Company”) and RockTenn Company (“RockTenn”) entered into a Master Revenue Sharing Agreement (the ‘Agreement”) for a ten (10) year term with an automatic 5 year renewal term.
In accordance with the terms and provisions of the Agreement, JBI has an exclusive 10-year license to the following:
1. Build and operate Plastic2Oil processors at RockTenn facilities. 2. Process RockTenn's waste plastic from paper mills and material recovery facilities (MRF). 3. Mine and process plastic feedstock from plastic-filled monofill sites. 4. Monofill sites contain years of waste plastic from mills. 5. Waste plastic from RockTenn facilities exceeds thousands of tons per day.
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