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To: SteveF who wrote (18983)2/17/2012 10:45:32 AM
From: flptrnkng of 34538
 
If he's feeding those tapes (They look like the boxes of tapes to me) into his machines, they *are* feedstock

and, you're right, a violation of their permits. So is keeping plastic in parked trailers, and using forklifts to shuttle bales to the processing building.

I guess the NYS DEC honeymoon is still on going.

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To: dreaminbig who wrote (18984)2/17/2012 10:46:38 AM
From: SteveF of 34538
 
Was any cash spent on Pakit?

"Additionally the Company paid an aggregate cash amount of $1,768,353 for debt owed to the Pak-It members and lien holders.

The Company also paid off the debt and founder loans of its subsidiary Javaco, Inc., in an amount totaling $397,644.44 from the proceeds of the Private Offering."


sec.gov 

$2.3 million in PIPE-holder cash given for Pak-It and Javaco along with 7.7 million shares (when the PPS was ~$7).

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To: donpat who wrote (18980)2/17/2012 10:49:56 AM
From: shortsinthesand of 34538
 
Yes I remember that same feeling when we were both locked up together in Matt Browns Jail house!

In the meantime - I remain confused and wary.

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To: dreaminbig who wrote (18985)2/17/2012 10:51:13 AM
From: SteveF of 34538
 
Wouldn't the tapes be considered feedstock?

Yes that was the original plan for P2O: disposing of the old tapes. Since the tape-reading business has been on the backburner for 2 years I can't imagine those tapes would still be around tho unless even less plastic has been processed than I thought.

We'll know that soon enough when the FOIA/FOIL requests from the DEC come back any day now.

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To: flptrnkng who wrote (18986)2/17/2012 10:54:59 AM
From: SteveF of 34538
 
If he's feeding those tapes (They look like the boxes of tapes to me) into his machines, they *are* feedstock

Now I feel dumb, you're right. I just can't imagine those tapes would still be around if they're ideal feedstock.

I'm no expert but storing magnetic media outdoors in a Niagara Falls parking lot during winter doesn't seem very 170 IQ-ish... OK, I am an expert but still! :)

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From: BRIG2/17/2012 10:55:33 AM
of 34538
 


JBI, Inc. to Host Investor Update Call Press Release: JBI, Inc. – Mon, Feb 13, 2012 9:00 AM EST




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Companies:
JBI, Inc.





THOROLD, Ontario, Feb. 13, 2012 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQB: JBII.PK - News) will host a conference call for shareholders on Monday, February 27, 2012. Chief Executive Officer John Bordynuik will lead the call and provide investors with a business update.

Details are as follows:

Date:Monday, February 27, 2012Time:4:30 p.m. Eastern Standard TimeDuration:1 hourPre-Registration:Pre-registration for the event is required. All shareholders must registerthrough the Company's website: www.plastic2oil.com.Conference Access:Access information (for telephone and web access) for bothUS/Canada andinternational will be emailed to approved registrants on Thursday, February23, 2012.

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To: BRIG who wrote (18991)2/17/2012 10:58:48 AM
From: scion of 34538
 
Post all the JBII PR hype you want on any of these boards:

Subject 57904

Subject 58204

- but not on this board.

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To: BRIG who wrote (18991)2/17/2012 10:59:10 AM
From: zzzogly of 34538
 
"I'm thinking if anyone wants JBII under 5 bucks the clock is ticking"

investorshub.advfn.com 



tic...toc....

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To: SteveF who wrote (18981)2/17/2012 11:00:24 AM
From: jimmenknee of 34538
 
Assuming the $2,984,904 figure from the Expedite 8K is the starting point, some went to himself for the tape tech to include being compensated for an apparent draft patent application. Some went to keep the tape business going as it was not profitable contrary to brochures stating otherwise. Some went to pretty sweet salaries.

Possibly some got *poofed* in currency translation-- $3 mill Canadian does not $3 mill US make.


And then there's the JBI-DE share buy of the JBI-NV at a most generous mark up to market...

what was left-- ~1.2 mill -- remains a mystery to those not allowed access to Rawnoc's super-secret DD :(


sec.gov 

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To: scion who wrote (18992)2/17/2012 11:03:29 AM
From: BRIG of 34538
 


Final Report From Recent Plastic2Oil Stack Test Reconfirms Process Viability Press Release: JBI, Inc. – Fri, Jan 20, 2012 10:22 AM EST




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Companies:
JBI, Inc.




RELATED QUOTES
SymbolPriceChange JBII.PK1.76+0.04







THOROLD, Ontario, Jan. 20, 2012 (GLOBE NEWSWIRE) -- After completion of audit and peer reviews of the stack test conducted on December 5-6, 2011 by Conestoga-Rovers & Associates ("CRA") on its Plastic2Oil ("P2O") processor, JBI, Inc. (the "Company") (OTCQB:JBII.PK) has received the final emissions report from CRA. This report further validates the viability of the P2O process and allows the Company to apply to the New York Department of Environmental Conservation ("NYSDEC") for a modification to its Air Permit to run at significantly higher feedstock rates.

In December 2011, three separate stack tests were performed on the existing P2O processor with a pre-melt system. Only unwashed, unsorted waste plastics, including various industrial plastics (buckets & barrels, waste meat packaging, bags, etc.) and gas tanks from scrap cars, were used as feedstock for the test, consistent with the feedstock the processor is currently converting into ultra-clean, ultra-low sulphur fuel.

The three tests were conducted at feed rates of 3,258 lbs/hr, 3,233 lbs/hr and 3,932 lbs/hr, respectively. Ultimately, the test results proved that emissions decreased with increased feed rates. Emissions were considerably reduced through the addition of the pre-melt system (Q3) and more efficient and higher combustion of the off-gas generated by the P2O process.

Residue was not removed from the pre-melt reactor so that the internal walls could be examined. When the reactor was opened, the inside walls were remarkably clean. Two small "tumbleweeds" of clean dense bailing wire bunches were present from processing some paper mill ragger tail waste. Normally, residue and metals would be removed from the pre-melt periodically during operation.

The final report included particulate matter (PM) and hexane testing, both of which showed exceptionally low results.

Comparative emissions results from all of the stack tests performed on the Company's P2O processor were as follows:

EmissionsUnitsOriginal Stack Test (2010)Final Stack Test
(Dec 2011)O2%14.8715.97COppm3.163.1SO2ppm0.230.02NOxppm86.415.1TNMHCppm0.253.92PMlbs/hr0.0160.002Hexanelbs/hrNot tested0.00001
"In-spec" end-user fuels produced (Fuel No. 6, Fuel No. 2, and Naphtha) were also tested and verified as ultra-low sulphur, consumer-ready fuel. The conversion ratio for waste plastic into fuel averaged 86%.

"This report is very exciting for the Company as it allows us to apply for a modified Air Permit from the NYSDEC which should enable us to effectively double the capacity of our P2O processor," notes John Bordynuik, CEO and President. "Increasing the feedstock supply rate to almost 4,000 lbs/hr will significantly increase the rate at which we are able to produce fuel from waste plastic."

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