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Author Topic: JBII - JBI Inc. - Plastic to Oil
zardiw
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JBII: Pro vs Con. Current List. Sorted.

Please add to this list, both positive and negative. Just the facts ma'am:
Link: http://LighthouseNova.com/000ProCon.rtf

Pro:

Company:

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

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Faster horses, yw, ow, mm.

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zardiw
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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

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Faster horses, yw, ow, mm.

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zardiw
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JBII is Serious:

Ad for Plastic 2 Oil Tanker/Ship. 4th ad down:

http://commercial.apolloduck.com/listings.phtml?cid=21


z

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Faster horses, yw, ow, mm.

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oldseven
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quote:
Originally posted by zardiw:
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?

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Only ONE good stock away from retirement!

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zardiw
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Got hotties workin there as well....Katie for instance......z
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zardiw
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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:


http://www.cape-2010.com/html/documents/LIST.pdf

z

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Faster horses, yw, ow, mm.

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zardiw
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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!

[Big Grin] [Big Grin] [Big Grin] [Big Grin] z

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zardiw
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Only 12 days til the AGM and the Demonstration of the 20 Ton Production Plastic to Oil machine........z
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zardiw
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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

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zardiw
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JBII AGM Pictures posted:

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z

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zardiw
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It's Raining Diesel:

Check out this latest video of the P2O output........10 MINUTES after startup:

http://www.youtube.com/watch?v=BrlzIiK4YU8

z

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IWISHIHAD
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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."

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IWISHIHAD
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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.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40070854

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."

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IWISHIHAD
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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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T e x
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hate to say it, but not lookin' good.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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IWISHIHAD
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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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IWISHIHAD
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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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T e x
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Well, you know what we always say: trade 'em, don't marry 'em...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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zardiw
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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 is a Grand Island limited liability company formed in 2001 from a segment of Occidental Chemical Corp.'s business"
http://buffalo.bizjournals.com/buffalo/stories/2006/01/30/daily42.html

"With OxyChem set to close tech center, IsleChem was born:"
http://wichita.bizjournals.com/buffalo/stories/2002/05/06/smallb1.html

IsleChem was the Business of the Year by the local chamber of commerce:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49330924

"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

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IWISHIHAD
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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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IWISHIHAD
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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.

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IWISHIHAD
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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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IWISHIHAD
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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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T e x
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about to go pink and lose the "e," right?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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IWISHIHAD
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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.


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buckstalker
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quote:
Originally posted by IWISHIHAD:


Something sure does not add up here lately


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You know what they say Iwish...

If it looks like a duck...

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***********************

It's all in the timing...

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BooDog
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just adding this to my pincher radar to see how things pan out.
http://stockcharts.com/c-sc/sc?s=JBIIE&p=D&yr=0&mn=1&dy=0&i=p12923777989&r=1002

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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zardiw
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The JBII Bottom Line:

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:

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It eats waste plastic, and spits out: 90% high grade Diesel, 8% Natural Gas, and only has 1% non toxic residue.

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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).

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250 Shareholders saw it running full bore at the AGM which was attended by over 450 shareholders.

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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

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buckstalker
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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

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It's all in the timing...

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IWISHIHAD
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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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buckstalker
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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...

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It's all in the timing...

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T e x
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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.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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IWISHIHAD
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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.


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T e x
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yup, "pink sheets limited" according to:

http://www.otcmarkets.com/stock/JBIIE/company-info

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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IWISHIHAD
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It appears that they will be listed as OTCQX.


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