CEO Bordynuik discusses JBI AGM & P2O tanker ships

Over 450 JBII Shareholders attended the AGM on Saturday, April 24. On Sunday, April 25, and some 250 shareholders participated in the Plastic to Oil (P2O) Tour of the first Production Machine.

CEO John Bordynuik stated, "We have built a culture (more so corporate character) where everyone loves to come to work everyday. It is a lot of fun and challenging to execute quickly on something as complex as P2O. We take pride in our work and how our P2O runs. Many of our staff worked on the P2O machine, irrespective of their position. Mike Moneyhan worked countless hours on the P2O processor to learn everything about it for P2O marine. Many shareholders helped make the AGM what it was and/or build/assist with P2O. Lisa Matheson did an awesome job setting up the AGM with little notice and less than a month to schedule and execute. We don't have a "it's not my job" nonsense. We get things done well because everyone works cooperatively towards one goal. I did not have time to prepare for the AGM or the tours as I was very busy with P2O. I provided some pictures, rough timelines and outline to Lisa and Amy... they placed the pictures in a presentation and I discussed what we encountered and learned over the past year and what our strategy is. Tours were the same. Q&A answered many questions. Our AGM was a great experience. Al Soussa told me he never saw such a shareholder turn out even when horizon went to a billion dollar company (maybe 150 shareholders -- we had well in excess of 400). It's wonderful our shareholders are passionate about our company -- they own it and clearly take pride in what we all own. Shareholders flew in from Argentina, Ireland, Switzerland, Europe, across the US and Canada, China, etc... It was an awesome experience."

Speaking about P2O tanker ships, Mr. Bordynuik said, "I believe a great strategy would be to have a small tanker (3000MT to 6000MT) so that it can service the islands. Both Rick Heddle and Michael Moneyhan agree. Initial suggestions have always been to have a small ship that can go to as many ports as possible."