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


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To: 1Coffeehound who wrote (24760)5/22/2012 2:25:51 AM
From: Steady_on of 34006
 
Again.....If you have better numbers post them.

It is called a discussion. That is where people compare different views of the same situation. I said I have satisfied myself.

Post your numbers and we can discuss the differences and the assumptions involved.

I haven't suggested that you are unethical for disagreeing, but I will say that you have offered nothing to suggest that my estimates are wrong. If you have estimates that you feel are more accurate, let's see them.

Just to review.

At an input rate of 2000 lbs/hr over a 24 hr day that is 48000lbs.

At a conversion rate of 86% that is 41280 lbs for fuel.

41280 lbs of fuel * 7.8 lbs/gal for #6 = 5292 gals of #6 per day.

Note I used #6 which weighs more than other fuels per gal, so if the output mix included naphtha and #2 fuel oil the volume produced goes up.

5292 gals / 42 gals/bbl = 126 bbls per day.

At $10 /bbl cost that means that JBI has $1260 per day to pay for the costs of operations, labor, amortization etc.

At $20 hr for 2 people 24 hrs/day = $960 per day. that leaves $300 per day to pay for other costs.

As soon as the Solid Waste permit is approved that amount of fuel produced will double. The labor costs will not double, nor will amortization costs.

This is for one machine only. There is good reason to think that 2 people can handle 3 machines so the labor costs will be spread across three time the production. Even if another person has to be added to each shift the labor costs will still be well within the $10/bbl production costs.

Let's say I'm wrong by 50%. The cost per bbl is $15. That means that JBI has $ 1890/day to defray costs.

Now, if you think these numbers are in error, show me where and show what numbers you think are more appropriate.

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To: SteveF who wrote (24759)5/22/2012 8:00:50 AM
From: bob41 of 34006
 
The issuer has always had the final word. Without the company's "approval" the legend will not be lifted. Bordy has actively managed that process to the (abusive) extreme. That is an issue between the shareholders and the company. If the shareholders don't want to take him to task, they suffer the process.

The SEC Rules are what they are.

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From: scion5/22/2012 8:47:57 AM
of 34006
 
Economic analysis of JBI
$1 million lost every month.

Anyone who tells you differently isn't reading the 10Qs and 10Ks.

Where does ALL that money go?
Hint: Not for R&D.

kezzek Monday, May 21, 2012 10:29:59 PM
Re: Rawnoc post# 184090
investorshub.advfn.com 

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To: scion who wrote (24449)5/22/2012 9:42:55 AM
From: scion of 34006
 
Pacer Update 21 May 12 Grampp v. Bordynuik et al CIVIL DOCKET FOR CASE #: 1:12-cv-10495-MLW

ecf.mad.uscourts.gov 

Date Filed # Docket Text

05/21/2012 18 SUMMONS Returned Executed Jacob Smith served on 4/13/2012, answer due 5/4/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 17 SUMMONS Returned Executed James Fairbairn served on 4/17/2012, answer due 5/8/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 16 SUMMONS Returned Executed JBI, Inc. served on 4/6/2012, answer due 4/27/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 15 SUMMONS Returned Executed Gregory Goldberg served on 4/18/2012, answer due 5/9/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 14 SUMMONS Returned Executed Amy Bradshaw served on 4/13/2012, answer due 5/4/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 13 SUMMONS Returned Executed John M Wesson served on 4/18/2012, answer due 5/9/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 12 SUMMONS Returned Executed Theodore J Henry served on 4/27/2012, answer due 5/18/2012. (Pastor, David) (Entered: 05/21/2012)

05/21/2012 11 SUMMONS Returned Executed Robin Bagai served on 4/16/2012, answer due 5/7/2012. (Pastor, David) (Entered: 05/21/2012)

United States District Court
District of Massachusetts (Boston)
CIVIL DOCKET FOR CASE #: 1:12-cv-10495-MLW
Grampp v. Bordynuik et al
Assigned to: Chief Judge Mark L. Wolfrelated Case: 1:12-cv-10012-MLW

Cause: 28:1332 Diversity-Breach of Fiduciary Duty
Date Filed: 03/16/2012
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: Federal Question
Plaintiff
Erwin Grampp
derivatively
on behalf of
JBI, Inc. represented by David Pastor
Pastor Law Office, LLP
63 Atlantic Avenue
3rd Floor
Boston, MA 02110
617-742-9700
Fax: 617-742-9701
Email: dpastor@gilmanpastor.com
ATTORNEY TO BE NOTICED


V.
Defendant
John Bordynuik

Defendant
Ronald C Baldwin, Jr.

Defendant
Amy Bradshaw

Defendant
John M Wesson

Defendant
Robin Bagai

Defendant
James Fairbairn

Defendant
Gregory Goldberg

Defendant
Theodore J Henry

Defendant
JBI, Inc.
Nominal Defendant

Defendant
Dr. Jacob Smith


ecf.mad.uscourts.gov 

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To: scion who wrote (24261)5/22/2012 9:47:59 AM
From: scion of 34006
 
Update Kidd v JBI Inc et al - 07 May 12 - File No. 2011025557

seminoleclerk.org 

05/07/2012 NSAI NOTICE OF VERIFIED ANSWERS/REPSONSES TO PLTF'S 3RD SET OF INTERROGATORIES BY DEFT JBI INC

05/04/2012 N AMENDED NOTICE OF TAKING VIDEO DEPOSITION DT OF JOHN BORDYNUIK AS CORP REP OF DEFT JBI INC ON 5/16/12-5/17/12 @ 9:30 AM

05/04/2012 N NOTICE OF CANCELLATION OF VIDEO DEPOSITION DT OF JOHN BORDYNUIK AS CORPORATE REP OF DEFT JBI INC ON 5/8/12-5/9/12


Plantiffs:[sic]
KIDD JOAN L
KIDD R THOMAS

Defendants:
310 HOLDINGS INC
ANSLOW & JACLIN L L P
ANSLOW & JACLIN LLP
BAGAI ROBIN
BALDWIN RONALD JR
BORDYNUIK JOHN
GOLDBERG GREGORY
JACLIN GREGG E
JBI INC
SICHENZIA, ROSS, FRIEDMAN, FERENCE & ANSLOW L L P
SMITH JACOB
WESSON JOHN M

seminoleclerk.org 

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To: scion who wrote (24766)5/22/2012 9:55:58 AM
From: dreaminbig of 34006
 
That would be an interesting video.

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To: dreaminbig who wrote (24767)5/22/2012 10:02:10 AM
From: scion of 34006
 
Maybe Bordynuik will post it on the website... or it could be featured in one of those HUGE spam posts twice daily.

05/04/2012 N AMENDED NOTICE OF TAKING VIDEO DEPOSITION DT OF JOHN BORDYNUIK AS CORP REP OF DEFT JBI INC



ON 5/16/12-5/17/12 @ 9:30 AM

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To: Steady_on who wrote (24762)5/22/2012 11:21:49 AM
From: jimmenknee of 34006
 
Even if true, $10/bbl is a red herring. The costs/expenses between there and the bottomline are just being brushed off...

.... i.e. the latest increase to costs (operational expenses) include another additional executive's salary/benefits and hefty raises for both the CFO and John.

Wonder if SAIC's proforma was isolated to P2O?

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To: jimmenknee who wrote (24769)5/22/2012 11:41:34 AM
From: Steady_on of 34006
 
Not being brushed off at all. That is just a different discussion.

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To: Steady_on who wrote (24770)5/22/2012 12:35:44 PM
From: bob41 of 34006
 
Parse away. In the end the mkt will paste it all back together for you.

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