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 Gold/Mining/Energy | Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: scion who wrote (24742)5/21/2012 4:02:30 PM
From: donpat of 34033
 
I think (!!?) that this turn of events with JB out and Rauber in as CEO could be the best thing that happened to JBI, ever.

And we were there!! And part of it all!! Where is our cut??

All I ever get are slaps in the face.

That's gratitude for ya.

Free diesel for life would be nice. Now to get a diesel something.

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To: Steady_on who wrote (24740)5/21/2012 4:05:15 PM
From: donpat of 34033
 
And then the SEC stepped in to put a kink in all that promise.

Pity!!

A learning exercise - which is what JB was on all along, IMHO.

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To: donpat who wrote (24743)5/21/2012 4:05:53 PM
From: scion of 34033
 
The new broom seems to be reluctant to tell shareholders what and where he's going to sweep.

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To: zzzogly who wrote (24741)5/21/2012 4:08:13 PM
From: donpat of 34033
 
RockTenn is loyal - I'll give them that. And perhaps they are like the wise old sage looking at the frenetic efforts of a Johnny come lately saying, 'He'll learn............the hard way!'

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To: scion who wrote (24746)5/21/2012 4:10:27 PM
From: donpat of 34033
 
Has he even arrived on the premises, yet?

I'll give him a quarter to survey the facilities - then I want a report on the state of affairs, warts and all.

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From: donpat5/21/2012 4:15:38 PM
of 34033
 
RockTenn is the jewel in JBI's crown - I don't think there is any doubt about that..

In the final story I would like to know who was the key to the RockTenn connection - who it was that lit that fuse.

Interesting - could have been JB himself but likely some person who just made the suggestion in passing for whatever reason and that was the beginning of it all. Smurfit Stone, of course, was also involved at the beginning.

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To: Joseph B. Schmidt who wrote (24730)5/21/2012 4:38:01 PM
From: MorningLightMountain of 34033
 

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To: donpat who wrote (24747)5/21/2012 4:46:20 PM
From: scion of 34033
 
The company fundamentals are breathtakingly bad. It is and has been losing money at over $1 million and will apparently continute to do so for quite some time. The SEC has sued the company and its management for stock / accouting fraud. The company has not yet broken out the results of its core P2O process in any sort of verifiable way.

The simple answer about risk is that this is a thinly traded pink sheet stock that moves on momentum. No more, no less. For small time day traders, this is a delight. Get in - get out and leave 'the faithful' to their fate.

ponzi_implosion Monday, May 21, 2012 4:44:13 PM
Re: None
investorshub.advfn.com 

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To: scion who wrote (24751)5/21/2012 5:12:53 PM
From: PaperProphet of 34033
 
Well, it takes a lot of SG&A, mostly admin, to support one, and now two non-operating processors. It needs a CEO to preside over it, a CFO, a board of directors and literally about 180 other people getting coffee for each other and getting paid $30/hour to round out that $1,000,000 per month in SG&A.

At this level of shareholder, they don't have any idea how ludicrous those expenses are--the same way a $100 million market cap seems reasonable to them--they simply don't have any concept as to the numbers. Just issue a bunch of weasel words and numeric-challenged shareholders will believe that Mr. Bordynuik keeps hitting it out of the park. Is it any wonder why fraudsters keep going crowding into the pinks?? Unwitting shareholders make for easy money.

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To: PaperProphet who wrote (24752)5/21/2012 5:23:21 PM
From: PaperProphet of 34033
 
$37 million so far and there still isn't a $200,000 processor running commercially and he apparently got new unsophisticated PIPE investors to pony up $10 million more. Any bets that when the current $10 million runs out late this year Mr. Bordynuik will still be 'on the cusp' of production.

One would think at least one or two shareholders would be smart enough to ask what still has to happen before a processor can be put into commercial operation and how much more money it will take.

I think some investors might be frustrated by now but they all chalk it up to bad management and they still trust Mr. Bordynuik's claims of a catalyst which allows production of diesel at $10/bbl--even though when he made the claim, he didn't have anything up and running and we know how baseless his statements always are. Certainly Mr. Bordynuik is a prolific liar and those lies are certainly fraud in many cases but at some point shareholders need to step up and start thinking. Entrusting money to Mr. Bordynuik with carte blanc to spend that money in any way he sees fit after he's been shown to be a liar and to have cooked the books isn't a smart move.

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