Thursday, February 25, 2010

JBI skeptics - Listen to "rpg101"

Why all of this talk about NASA with no knowledge of what actually happened? NASA wanted to recover data from the older programs, I believe was Gemini. They used a few providers with no acceptable success, meaning they may have paid for the work but were not happy with the outcome. John was called in later as a last resort, as I'm sure others were also called in since the normal providers were not capable of delivering. John had developed the technology and proved to them he was the only one capable of doing it. In the spring/summer of 2009 a RFP was open where it was specified NASA was leaning towards awarding JBI a sole sourced contract. Some of the big providers called John to purchase or license his technology. Another company from Atlanta if I'm not mistaken was the only other that also replied to the RFP. Eventually the RFP, with no end date and no specific dollar amount, was awarded to JBI in August of 2009. Many thousands of NASA tapes and other media have since been processed by JBI under that sole sourced RFP. Oil companies have also came on board since.

But JBI is about P2O. That was the reason John went public. The tape business was only the vehicle to finance the initial P2O stages that have since been completed. JBI is now gearing up to the big P2O and Pakit expansion, the land rush like John calls it. John executed the late 2009 PIPE with that in mind, to have the working capital JBI needed to expand. The next few weeks will show everyone that John doesn't play games, he executes. It really doesn't matter what anyone here thinks about JBI or John himself. Only execution matters.

Revenues and profits drive markets, not ihub posters that voice their opinions from their all powerful laptops.

Disclosure: I'm a shareholder since day 1 and currently a Senior Software Engineer for JBI

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