"P2O-HereWeGo" discusses JBII progress

Putting things in perspective.

In 2009 the risk with JBI was not whether the accounting was perfect, which exchange the stock traded on or when a permit would be issued, it was whether a process that turned waste plastic into sellable oil of some sort could be scaled from the lab to commercial production, that the equipment required to do this would be relatively cheap (versus multi-millions for other technologies) and the yield of sellable oil would make this highly profitable.

Today hundreds of people have seen that this has been accomplished and indeed the "production" version is more efficient than was initially expected. At the same time the Company has arranged facilities to support several processors, blend the resulting output (not necessary but value added) and make the catalyst, as well engaging partners in other jurisdictions to help roll out processors at a lower capital outlay for JBI.

All in all, not bad for a year’s work...

Yes there is more work to be done before the profit really flows but it sure seems less difficult than what has been accomplished to date and the company’s filings indicate that there is sufficient cash to execute the plan. Absolute values are all relative, but it seems to me that the risk/reward ratio has improved significantly from a year ago irrespective of some saying it has taken longer than was expected.

Nothing that is done in real time is ever perfect and for sure shareholders resolve has been tested, but from my perspective, the foundations are being strengthened each step along the way. Sure, the permit, Qs and Ks require time and work but the technology risk is now small and the second half of the year should see the company mature and grow.