Sunday, April 25, 2010

JBII is the "investment of a lifetime"


JBI shareholder "Estimated Profit" attended the AGM and shares his opinion about CEO John Bordynuik and JBII:

What a weekend! So many things to cover. It was great to meet everyone. Getting to meet John, Lynn, the BOD, most of the JBI staff, and some of John's family made it an extra special event. I think it says a lot that John's family is invested, and how enthusiastic and supportive they are of him. John was very gracious with his time, and his passion for his company was incredibly infectious. This is the fourth OTC AGM I have attended. This AGM blew them all out of the water. The number of people attending was overwhelming. The look and feel was extremely professional. Hats off to everyone who organized it. A job very well done. I can't wait for everyone to see John's presentation.

The transformation from Blest test machine, to what IsleChem did with it(John said choosing them was the greatest decision the company has made to date), to the machine I just saw is simply amazing. Somerset is the refinery that said they would buy their fuel for $3 - WTI. Many refineries are now saying they would pay $2 over WTI. Its a last resort as they plan to go direct to market with it. The fuel is extremely marketable. No water, no sediment, great viscosity, it's beautiful amber fuel. We saw the lab reports, from Petro something(Chemical maybe).

Protecting the catalyst was discussed. The catalyst is plugged in with a cartridge, rather than the original idea of pouring it in. The sensors keep track of the cartridge input and is fed to the central hub in real time.

JV owners/operators have to sign a very strict contract on how they handle the catalyst

One move that violates the specified protocol gives JBI the right to shut down the processor immediately, and terminate the contract. The processor has so much proprietary information that it isn't just about the catalyst anymore. If I read things correctly, all processors will be wired to a central control, so John could, if needed, just press a switch and shut down any offenders. You gotta like that!!

I think we are well protected on this angle long enough to get a huge head start on anyone else who may be able to copy everything, that it just doesn't have to be a real concern for the first $100 a share.

A HD filming crew was there at the tour.

I asked if they have footage of fuel coming out, and they said they did. Said they hav a lot of great footage. If I read the filming crew correctly,they will be new investors, if not already. Their faces were priceless when I was talking to them. John wants to stuff the facility with processors. They are running on temporary permits, and are in bed with the right people. An 8 hour stack test by the DEC will be performed soon to obtain the "simple air permit". They clearly aren't worried as it needs no scrubbers and is currently running now. John said the DEC typically has one guy come out, but they want bleachers because they are so excited. The automation that John has implemented on the processor is stunning. 59 sensors currently automate and give up to the second data on all parts of the processor to anywhere in the world.

John is clearly in his element, and loving every second of the work he is doing on the automation. John said he plans to PR the run tickets from the processor as soon as they receive the production permit to give everyone a look at the numbers. URS was engaged two weeks ago to give a full audit as well. The screen with up to the second data was really cool. There was a bit of an odor, and it was quite noisy. There were two oil trucks parked outside the facility where the fuel is pumped out to. The processor chamber can be reversed to remove the small amount of waste quickly and efficiently. Permits for New York should expedite the Florida permits.

That's about all I can remember, at this point. We have all found the investment of a lifetime. John has built an incredible shareholder base with friends, family, childhood neighbors, and strong word of mouth. Now, it's time to get all you can before Wall Street and the world to catch up. If anyone walked away with doubts I would be amazed.

Security of the P2O Facility:

Very impressed to see armed security on the premise for the tours. It was something that I hoped we would see. Without it, it would have been a major yellow flag.

I inquired about the area the facility sits in, and was assured that the total police presence is very high in the entire area due to the adjoining industrial enterprises.

Pending Skeptics Epiphany

Here is what the skeptics are starting to get, but the epiphany has not yet struck them. It is on the tip of their tongue. It's probably like when John invented the means to convert legacy data and then the lead up to his light bulb moment when he realized he could obtain the engineering archive with all these old tapes laying around, taking up too much space, in storage at many major Universities, that had administrations in the late 90's that believed they weren't valuable to them anymore.

The epiphany that is about to strike the skeptic, and then trigger the media blitz, is that John is about to build processors that produce 109 barrels/day, 24/7/365, at a cost of under $10/barrel.

The information that should cause the epiphany is simple. Why would John engage URS to perform an audit for Wall Street, and plan to PR run tickets from the processor as soon as the machine receives a "simple air permit", if he was worried about his claims?

Time to say it again, but it just doesn't make sense that John isn't going to deliver on his claims. He wouldn't engage URS for an audit and setup the expectation to PR run tickets if he couldn't.

I can tell you from meeting everyone in Niagara that if John doesn't deliver on his claims, and is "scamming" everyone, his entire family, friends, and neighbors have been completely fooled along with all of us longs.

It's real. The only concerns now are what any enterprise would face at this stage of development.

Take a look at what just one processor could justify on the stock price if the 109/day:365/year claim is met by URS and the run ticket.

The numbers are "astonishing".

Last call for the JBII rocket.

Grab this dip on the stock price everyone. This is the last shake(in terms of the groups expectations about where they think the stock should be, and where we actually are, at this minute), the last chance to get shares around 4.75-5.25. This is the process of breaking down the final doubts the group collective has. Making it seem as if it JUST can't hold the $5 well. Every spike gets sold. Maybe I should sell the spikes. Don't fall for it! This stock has no business being under $10. The only risks/concerns left are true for any and all future billion dollar ventures have at this stage.

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