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To: scion who wrote (23511)4/28/2012 11:15:56 PM
From: dreaminbig
of 42729
 
OK. So John got those shares. What happened to the shareholders of John Bordynuik, Inc an Ontario Corporation that reverse mergered into John Bordynuik, Inc. a Delaware Corporation/Expedite2 when John sold John Bordynuik, Inc. a Delaware Corporation to JBI, Inc? Did they get any shares of JBI, Inc.? How was that handled?

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To: 1Coffeehound who wrote (23512)4/28/2012 11:33:00 PM
From: dreaminbig
of 42729
 
Good one! These are priceless. And the script is repeating almost word for word.


Mr. Rivera originally applied for a patent, however, that would require revealing the secret Catalyst, a route he chose not to pursue. Therefore, The Rivera Process is currently protected as a "Trade Secret".

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From: dreaminbig4/28/2012 11:39:14 PM
of 42729
 
Agreed -- JBII Growing VALIADATOR List


VALIADATOR?

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To: dreaminbig who wrote (23513)4/28/2012 11:50:03 PM
From: SteveF
of 42729
 
We were told (by Justice37 if I recall) that the Expedite2 shareholders had their stock swapped with shares of TRTN/JBII. When pressed for details or suggestions that such a swap wasn't legal he wouldn't discuss it again.

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To: dreaminbig who wrote (23514)4/28/2012 11:56:44 PM
From: 1Coffeehound
of 42729
 
Great argument.....tell it to the folks at Cocoa Cola.

No patent, even if there was a patent it would have expired over 100 years ago.

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Mr. Rivera originally applied for a patent, however, that would require revealing the secret Catalyst, a route he chose not to pursue. Therefore, The Rivera Process is currently protected as a "Trade Secret".

Before you open your mouth and embarrass yourself further, the Trade Secret route has worked fairly well for Coca Cola, and I believe Kentucky Fried Chicken (KFC) (Not positive about KFC).

Message 24181179

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To: SteveF who wrote (23516)4/28/2012 11:58:54 PM
From: dreaminbig
of 42729
 
I think I remember something like that. No proof of anything that I have found. I'm sure the OSC and the SEC are on it.

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To: Steady_on who wrote (23418)4/29/2012 12:33:13 AM
From: SteveF
of 42729
 
"So if I understand your post you are saying that it is not possible that JBI can produce fuel for $10/bbl in direct costs, is that correct? "


So now it's "direct" costs, whatever that means. The word games continue.

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To: SteveF who wrote (23519)4/29/2012 1:24:01 AM
From: bob41
of 42729
 
First issue is identifying direct labor costs. JBI now identifies 37 employees in "operations." That simple math @ an avg $20/hr salary nearly doubles the price/bbl. And if we are now seeing some of the "truer" numbers come in WRT "pre-processing" the plastic (note 10K wording and numbers), you'll start to get a more honest assessment of the cost (like Agilyx spells out their cost to prepare their plastic). Then if you get beyond that and the rest of "overhead" (i.e. MRF rent, etc.) remains excluded, the number will still not affectively give a shareholder insight into the more important margins-- and that at the end of the day is where one gets to assess "value"... ... top line is one thing, bottom line is everything -- part of the problem is the "argument" and defense focus concentrates on a red herring top line number IMHO
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To: bob41 who wrote (23520)4/29/2012 12:35:43 PM
From: PaperProphet
of 42729
 
The issue with the financial reports is that Mr. Bordynuik essentially craps out the numbers, smears it around then files those numbers with the SEC. It's by and large an exercise in futility trying to figure out which, if any, numbers fairly and accurately represent JBI's financial condition.

Hopefully the SEC suit put Mr. Bordynuik on more of a 'low fibber' diet and maybe the new CFO has a modicum of ethics but I wouldn't depend on either. Since the last 10-K showed the 'fuel' numbers to be buried, I don't have high hopes for the new CFO bringing in any accurate representations either.

This is a stock where the absolute best DD any shareholder could do is stay laser-focused on the value proposition of Mr. Bordynuik's claim of being able to make $100/bbl fuel for $10/bbl, and for those shareholders to hammer for answers from Mr. Bordynuik or try to figure out the reason why Mr. Bordynuik is so reluctant to provide any evidence whatsoever while being big on suggestion and lying his butt off about everything from patents to commercial operations.

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From: dreaminbig4/29/2012 2:12:09 PM
of 42729
 
CovertPlastic


agilgoo's slop makers are not economically viable. they says they economically covert plastic; that ignores the capital requirements. the conversion, sure, of the plastic is economical for agilyx where they're able to realize a slight profit per barrel. but the capital cost makes the whole thing not economical. $11 million? lmao!!!!!

solar panels too can 'economically' convert sun rays into electricity---it does it for free! but just like agilyx their systems are not economical because of the high capital cost of solar panels.


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