Friday, July 30, 2010

Rawnoc adamently disputes naysayer erroneous comments & is confident of dynamic growth potential for JBII


Dead wrong. That's from Washington STATE. You took a single word in a washington STATE document and ran with it.

But you hit a brick wall. JBII doesn't make renewable diesel. A line in a Washington State document about plastic doesn't change that.

Reality from the EPA:

EISA changed the definition of renewable fuel to require that it be made from feedstocks that qualify as "renewable biomass." EISA's definition of the term "renewable biomass" limits the types of biomass as well as the types of land from which the biomass may be harvested. The definition generally applies restrictions to two feedstock sectors: the agricultural sector (planted crops and crop residues) and the non-agricultural sector (planted trees and tree residues, animal waste material and byproducts, slash and pre-commercial thinnings). These definitions affect feedstock use for production of compliant renewable fuels.

http://www.epa.gov/oms/renewablefuels/420f10007.htm

The actual detailed and exhaustive definition. Plastic not mentioned:

http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=81a18cca917dfb874d21fdb7e41073b6&rgn=div8&view=text&node=40:16.0.1.1.9.13.93.2&idno=40

Dead wrong. Petroleum oil sold to a refinery doesn't have to be registered with the EPA. That's for selling it at the gas retail pump. If you actually read the EPA site, you would know that the same rule requires the fuel to contain a detergent -- no oil is required to contain a detergent -- LMAO!!! Only at the pump, sport.

"EPA regulations require that each manufacturer or importer of gasoline, diesel fuel, or a fuel additive have its product registered prior to its introduction into commerce. In some cases, EPA requires testing of these fuels and fuel additives for possible health effects. EPA also requires that gasoline contain a certified detergent in order to reduce emissions. EPA issued standards in 1973 that called for a gradual phase-down of lead to reduce the health risks from lead emissions from gasoline, culminating in the Clean Air Act Amendments of 1990 and EPA regulations banning lead in motor vehicle gasoline after 1995."

http://www.epa.gov/otaq/gasoline.htm

If you think the above applies to every nickle and dime oil well in America that they'll have to "pay the millions of dollars and years of time to do the studies necessary to be able to sell it" including adding detergents to oil before selling it to a refinery, then LOL -- I'm not sure what else to say. ROFL!!!

Diesel, oil, fuel, whatever. Selling a petroleum product to a refinery doesn't require a biodiesel registration. It's nice to talk to fellow longs about our world-changing awesome technology this investment has.

Both PAKIT and P2O both help reduce the amount of plastic that ends up in landfills and both help the plastic in landfill problem.

Reality from the Department of Energy vs. thebigguy's fantasy:

Reality:

"The feedstock cost of the oil or grease is the largest single component of biodiesel production costs." ~~The U.S. Energy Information Administration, Department of Energy

http://www.eia.doe.gov/oiaf/analysispaper/biodiesel/

"I have been in industry on such projects and i know that it is about 5-10% of the cost if that." ~~thebigguy, self-annointed industry expert

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52848400


Yes, profitability is a no-brainer. But first you have to actually understand that feedstock going from the "largest" cost to FREE assures that.

Actually the question will be what the excuses are when Mr. Bordynuik has made fuel sales in the month of August.

Accounting fraud?
Sold to his grandmother?
Sold on the black market?
Sold to Columbian drug planes?

I can't wait to read about the conspiracy theories.
Nope. JBII makes petroleum diesel. Zero difference.

Any "bio" in it is a figment of your imagination.

Biocrap needs to be mixed with real petroleum. JBII's real petroleum doesn't need to be mixed with anything.

If JBI succeeds in just making one processor profitable, then there's no reason they can't be equally successful with a 2nd processor. It's the same technology and the same challenges and advantages only they won't need Islechem to validate and document and tweak the technology from scratch. Duplicating is far easier than inventing, especially when it comes to technology that produces a commodity.

So if they can make 1 processor, then they can make 2.
If they can make 2, then they can make 5.
If they can make 5, then they can make 20.
If they can make 20, then they can make 100.
If they can make 100, then they can make 1000.
If they can make 1000, then they can make 2500.

The challenge is making 1. After that it's a logistical challenge to expand, very similar to thousands of other successful companies in history that have undergone expansion of a proven per-location business model. Either they will be successful in doing this or they'll partner with somebody who will do it for them or somebody else will buy them out and do it for them.

Permit and profitable fuel sales is everything. I can't promise the stock price will rise the day of the permit or fuel sales, but I can promise IMO that permit + profitable fuel sales from just 1 machine makes JBII a fundamental monster. With the patents and patents pending at that point, they will be patented to basically print money.

Raw

JBI, Inc. Debuts DropShot Cleaners in National Television Campaign


NIAGARA FALLS, Ontario, July 30, 2010 (GLOBE NEWSWIRE) -- JBI, Inc.'s (the "Company") (OTCBB:JBIIE - News) Pak-It division is set to launch its first residential line of cleaning products, DropShot Cleaners. This patented and eco-friendly line of cleaning products introduces an innovative delivery system which allows consumers to reduce the number of plastic bottles they use each year -- while providing commercial strength cleaning for a great value. The campaign introduces the retail marketplace to this unique delivery system through nationally broadcast commercials and an online store.

The DropShot Cleaners novel delivery method comes in the form of dissolvable refill packets, which allows consumers to simply drop the packet into the empty bottle, fill with water and the product is ready for use. DropShot also eliminates the danger of handling concentrated cleaning agents.

The advertising campaign is being managed by Detroit-based ad agency Western Creative, Inc. The campaign involves the use of recently developed 60-second and 120-second commercials as well as the new eCommerce DropShot website www.BuyDropShot.com. Beginning August 2nd, the campaign will be airing nationally on networks such as Bravo, Oxygen, and Women's Entertainment (We).

The launch of DropShot cleaners provides retail consumers with an effective cleaning product that is also eco-friendly. Along with cutting household plastic bottle waste, many DropShot cleaners carry the Design for the Environment designation from the Environmental Protection Agency (EPA). This means those cleaners in the DropShot line were created specifically to use the safest chemicals in their class -- providing strong cleaning power, yet still maintaining safe family use.

The product launch will begin with a special TV offer available for phone or online orders only. The DropShot Cleaning kit comes with the following products: the DropShot Glass and Hard Surface Cleaner, All-Purpose Citrus Cleaner, Multi-Surface Heavy-Duty Grease Cutter, and the Autumn Fresh Odor Eliminator. When buying the special introductory offer, customers will receive two refills for each cleaner -- a total of 12 cleaners for only $19.95. DropShot Cleaners are available online now at www.BuyDropShot.com.

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, Pak-It LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.com.

"Zardiw" discusses "e" removal & PinkSheets quotation system



It's in the hands of the Hearing Officer/Judge/Whatever. I think we have a good case, otherwise they wouldn't have applied for a hearing.

It may not matter in the near future, since the OTCBB is going bye bye, unless somebody buys it.....and nobody has stepped up to the plate yet.

What that means is that EVERY OTC STOCK will be on the PinkSheets quotation system.

And since Level 2 quotes are free for Market Makers on the PinkSheets Exchange, I think it's a distinct possibility that PinkSheets will be the Queen Bee shortly.

"Steady_T" comments on naysayer's P2O misinterpretation

Wow. I'm impressed. That is the biggest collection of misinterpretation I have seen on this board in a long while.

Lets start with the first one.

quote--------
this means nothing in terms of meeting the standard (ASTM D975) which is required to sell the fuel as "transportation" fuel.
------------------
That standard is the spec for diesel fuel grades. Nothing difficult there. The usual tests which are routinely done by refineries and fuels test labs. All diesel fuel producers have to meet it. Since JBII is starting off with hydrocarbon feedstock they won't face the problems that the bio fuels face with removing esters and glycerin. This is a non-issue.

http://www.astm.org/Standards/D975.htm

Abstract

This specification covers seven grades of diesel fuel oils suitable for various types of diesel engines. These grades are: Grade No. 1-D S15; Grade No. 1-D S500; Grade No. 1-D S5000; Grade No. 2-D S15; Grade No. 2-D S500; Grade No. 2-D S5000; and Grade No. 4-D. The requirements specified for diesel fuel oils shall be determined in accordance with the following test methods: flash point; cloud point; water and sediment; carbon residue; ash; distillation; viscosity; sulfur; copper corrosion; cetane number; cetane index; aromaticity; lubricity; and conductivity.

Then there is this link you posted.

quote-----
Current as of Jun 25, 2010, JBII has NO EPA registration that would allow them to sell any fuel they produce
http://www.epa.gov/oms/regs/fuels/additive/web-fuel.htm
-------------

OF course if you actually open that link you discover that it is a list of hundreds of registered fuels producers including every little biodiesel producer as well as the big boys like ARCO and BP.

IF the costs of compliance are anywhere close to what you suggest
quote----
How much does this process cost? I don't know for sure but my guess is multi-millions.
---------------
none of the biofuels would be there, but they are there listed by literally hundreds.

The EPA registration is a paperwork issue. Registration is routine.

Then there is your last link
quote-----
http://agr.wa.gov/bioenergy/docs/RenewableDieselWhitePaperFINAL.pdf
--------------

Which I'm not sure why you put there as it seems to undermine your argument about the difficulties of JBII fuels being sellable.

I will quote a few selective paragraphs.

"Changing World Technologies has a TCP facility in Carthage, Missouri that produces bio-oil from turkey and pig slaughterhouse waste.17 The bio-oil produced by the Changing World Technology process purportedly meets ASTM D396, the standard for petroleum fuel oil and has been approved as a diesel fuel additive, but must be further refined to meet ASTM 975, the standard for transportation fuel.18"

If they can get turkey guts to meet the diesel fuel additive standards then imagine what JBII can do with hydrocarbons as an input.

Then there is this description of the EPA registration process.

EPA Registration
Because “renewable diesel” products are not derived from petroleum, they will require EPA registration. The Clean Air Act provides EPA with the authority to regulate fuels and fuel additives in order to reduce the risk to public health. The regulations at 40 CFR Part 79 require that each manufacturer or importer of gasoline, diesel fuel, or a fuel additive, have its product registered by EPA prior to its introduction into commerce.18, 19 Registration involves providing a chemical description of the product and certain technical, marketing and health-effects information. This allows EPA to identify the likely combustion and evaporative emissions. In certain cases, health-effects testing is required for a product to maintain its registration or before a new product can be registered. EPA uses this information to identify products whose emissions may pose an unreasonable risk to public health, warranting further investigation and/or regulation.

Interesting exercise in information presentation.

Thanks for providing a pleasant diversion.

Thursday, July 29, 2010

P2O provides important solution to plastic waste problem

Does Recycling Plastic Cost More Than Making It?

By Christopher Intagliata, Scienceline
17 March 2010 5:46 PM ET

"Landfills, however, are the final resting place for most bottles."

"In fact, fees can run from $10 a ton to over $100, according to Jerry Powell, editor of the trade publication "Plastics Recycling Update."

"...the cost of disposal, which fluctuates based on a city’s proximity to recycling centers and the price to dump in local landfills"

"A University of California, Berkeley study estimated that areas like Los Angeles and San Francisco could gain an economic benefit of $200 a ton for recycling instead of dumping."

http://www.lifeslittlemysteries.com/does-recycling-plastic-cost-more-than-making-it-0383/

Tuesday, July 27, 2010

"techisbest" discusses JBI credibility gap


It remains all about P2O. And now there's this credibility gap that John, himself, has created by being overly-optimistic.

Has he been overly-optimistic about P2O?

Certainly he has been when it comes to timelines. He has been when it comes to how easy it is to get the P2O process production-ready.

But this is his baby. This is his "home run."

We have the IsleChem reports. And we have reported results that get better, rather than worse, as they make progress with the P2O processor.

This focus on P2O certainly had a lot to do with taking his eye of the other balls he has to juggle.

Nonetheless, the credibility gap remains. And it needs to be closed.

As Scandle's list of things that need to be accomplished are completed (basically permission to operate followed by profitable revenues), the gap will close.

We need the "honest John" label to stick for P2O. Everything else is just noise.

TaylorU investigates availability of waste plastic

My DD on plastic availability

I went to one of the largest garbage haulers and applied for a job to see if I can figure out how the garbage and recycling plants work first hand. After sending in my resume and going for an interview I went for my road test today. After getting to know the guy I asked what kind of runs they do in the garbage division. He said they are always in the big cities, a little in the small cities and recycling plants.

My ears perked up and I asked what kind of stuff do you pick up at recycling plants and where does it go. He said they sort all recyclables and send it off to be recycled. Sometimes the recycling plants get overwhelmed with material so they send it straight to the dump.

He then said plastic is one of the big ones. It costs around $50 a ton to dump plastic and $150 a ton to recycle plastic, so a lot of they time the send full transport trucks straight to the dump because it is cheaper. He said he has trucks of plastic (40,000 to 80,000 lbs) going to the dump on a daily basis.

I start 2 days of training soon and then I am on the road by myself. Once I am by myself I will take pictures and post them.

Hope this helps.

Monday, July 26, 2010

"Steady_T" opines & disagrees with JBII skeptics' conclusions

Pretty amazing list of conclusion you have come to.

quote----
I think that what you are trying to say is that the information on the tapes is the Intellectual Property of the customer (in this case MIT?) and as such JB could not use the data for his own purposes without their permission. Is that right? You are forgetting that the tape business is simply a matter of reading the tapes for $22/ tape, nothing more. It was never meant to be a search for space ships, inventions, or business ideas.
-------

You have no idea of what the agreements are between JBII and the companies it is reading tapes for unless you have access to internal company documents. So you can't make any conclusions about what the agreements were or were not meant to be.

quote-----
Well first question: how is he using the secret catalyst then? That catalyst was not invented by JB and is not his proprietary property. It is the invention and proprietary property of MIT. Her is obviously using it.
-----------
Again you have no idea where the catalysts info came from. JB said it came from an archive. He never specified who's archive it was. It could be a public archive for all you know.

quote-----
My assumption about how this would work is that MIT would ship the tapes to JBI to be read. I would expect that MIT would want the tapes back along with the information on new media. After all, it is their data and some of it may be sensitive so I cannot imagine they would allow it in the public domain.
---------

You assume way to much. The NASA contract, as I understand it, requires that the tapes be recycled after the data is recovered. Why would a company want the tapes back? It would cost money to ship them, money to store them, and most importantly THEY CAN"T READ THEM. If they could the tapes wouldn't be sent to JBI in the first place.

quote----
I remember reading something about patents and I believe this was on the CC. I think JB is pursuing patents on the P2o process. It if relies on this catalyst, then I don't see how he can apoply for a patent on an invention that is not his. After all, all he did was read the tape, he did not invent it. Without researching, I would think MIT would not be too happy about it, so he must have an arrangement with them.
---------

Again with the assumptions. JBII has said that the catalyst has been modified from it's original formula to comply with current EPA rules. That makes it a new catalyst and if a patent search shows there is no prior art, it is patentable.

MIT may or mat not be involved. You assumed that earlier without any factual basis.

quote-----
Generally, I would think that those tapes would be a gold mine of information and that the customer, MIT, would want the info ASAP. That would explain JB's comment on the CC that there has not been "significant" damage to the tape business by his lack of focus on it. Interpretation: there has been some limited damage.
----------

Whatever company of University that wants those tapes read has not wanted them read for a long time. If they had, they would have been read before the technology passed them by. Considering that there is only one company that can read those tapes, they will wait. As I pointed out, the haven't been needed for a long time. If there is a company that finds there is now an urgency to get old tapes read, there are other companies in the business. They just can;t handle the difficult tapes.

quote-----
It does not mean he should let the tape business drop (guaranteed income) and focus on what is a risky proposition.
---------------

I can agree with this statement. I'd like to see JBII get a small staff together and start processing the routine tapes.

quote-----

go with the OTCQX, without understanding what it was all about.
------------

And you know this how?

Assuming that the appeal is denied then JB has already positioned itself in the best marketplace available to it in advance of the decision.

If the appeal is upheld, then JBII is in a dual quotes situation that many companies choose to put themselves into.

You again assume that most if not all of his data and tapes come from a governmental agency.

Pretty big assumption since MIT and the oil companies that have been mentioned as users of the tape service aren't govt agencies.

If fact the only one that is a govt. agency that I am aware of is NASA. If you check, most of NASA's data is public if you want to get it. I'm pretty sure that a FOI request will get most of NASA's space probe data, which is what this stuff is described as.

I prefer to assume less and go with what information that is available.

Assuming that "this data affects national security and as such is tightly controlled" is quite a stretch considering that JB has said it is old information that came from 50's or 60's and was considered not worth pursuing at the time.

quote-----
I don't come here to second guess everything I post. I would rather discuss. Some things are just obvious... I don't really care who said what from JBI.
------------

Discuss all you want. I'm more interested in the facts of the situation.

If you don't care what the company has said well what can I say. Facts and information are more valuable to me than speculation.

quote----

Now, again without calling a lawyer if he modifies it it really does not matter. It is still someone else's formula. It is still their invention,. modified or not. Lets discuss..
----------

Let's discuss that fact that JB has said it came from an engineering archive that he has. It was a line of research that wasn't fruitful at the time. Could have been a published paper documenting research. That makes it fair use to pursue and improve. Doesn't really matter.

You assume that it is intellectual property that is somehow protected and that JBII is somehow violating that protection.

If it was from the 60's what intellectual protection would that be?

Not a patent. They expire in 17 years back then. Copyright? Not likely for a catalyst formula. Trade Secret? Not likely in an engineering archive.

Small changes in a formula are all that are required to obtain a new patent. Look at how the drug companies handle drugs.

quote----

nor can we assess it's worth or validity.. i thought it came from NASA. that gave it credibility... now it has lost that credibility. it could have come from a moonshine stand in Arkensaw.. Deliverance?
------------

Don't the results of the process count in your world for conferring validity and credibility?

The IsleChem letter shows that something is working. Do you care if it is the catalyst or some other aspect of the process? The results are the true measure.

We have seen the test results from IsleChem. Shortly we will get results from the process in production.

Sunday, July 25, 2010

"Estimated Profit" is getting more bullish on JBII

Why I'm bullish on JBI right now.

As most of you know, I've been one of the more vocal critical and upset longs since the couple weeks following the AGM. After John made everything sound easy as pie, and ready to go, things started to not add up like things were sounding. I had always worried about JBI's warts, and how they were adding up. The system was coming unglued and chaotic. Many longs had these concerns. I stated on the day of the P2O tour that there were some concerns from the visit.

The hope was that P2O would be proven before they hit the fan, so it wouldn't really matter anymore. While that might have worked in the short term with a lot of celebration, those problems not causing trouble in the near term probably would have set JBI off on a bad path. Arrogance, passiveness, and complacency would have probably pervaded decision making processes. If you really wanted to take the long ride on a potential billion dollar company, then the current problems will most likely be one of the pivotal events/times in laying the solid foundation for it. Most people in this situation would be brought to their knees, and just give up. The OTC is a mine field for an honest startup. There are all kinds of entities trying to hamper your ability to make it through to the other side.

In the end, I believe in John and his abilities to manifest P2O into commercial production and prove the profitability of his catalyst and process. I know he is a fighter. I heard many stories from family, friends, and associates at the AGM that told of how John stops at nothing to accomplish his goals. If John says he'll do it, we have learned, he will. I trust that the challenges of the last couple months have only made him and the company stronger. I think we have seen enough signals to trust this, and hopefully we will only see more. I greatly enjoyed the CC to hear a more focused and professional communications strategy. I love having an IR Firm now, and a reputable accounting firm. I can feel the momentum of this company building to shoot out of the doldrums with a renewed focus and determination. That, price, and that I think we finally are days away from a permit are why I have been getting more bullish the past few days.

We shall see in the fullness of time.

Rawnoc disputes skeptic's negative comments & applauds CEO's accomplishments


Let's review what John has really done...

December 2009 he got the first big P2O processor from China.

John had, as you stated, no background. No experience nothing.

6 months later this raw garbage machine has an 89% yield, 63 sensors, has been tweaked to run like a beast, is about to be the only clean cheap efficient P2O efficient machine on the planet
.
In 6 months? Others have been trying for decades and got nowhere. Let's face it -- he went from ideas in his head and a prototype that fit on his desk and was a joke to a 20 ton machine that has stopped the geniuses at IsleChem dead in their tracks that has them flabbergasted.

Not bad for a moron with no background and no experience and not even a chemistry degree.

How much was it his backGround, his experience vs. IsleChecms? I don't know. I don't care. Either he did one insanely amazing thing all by himself, in part with IsleChem, or he was smart enough to hire IsleChem to do it for him. BRAVO!

But the point is the bottom line is P2O appears to be so good, you could probably have Kermit the Frog running it if the claims are even a fraction as good as John, scratch him, IsleChem and the New York Department of Environmental Conservation claim.

If John is a genius that's just a bonus. If P2O works, it was "genius" of "somebody" to get it to where it's at in such a short time frame, and if John happens to be the genius that's just a bonus IMO.

"Investors are well advised to buy a business that's so good that a dummy can run it, because sooner or later a dummy will run it."
~~ Peter Lynch

By the way, I can name you a laundry list of companies lead by a CEO who has "no experience even building one successful business" -- here's a sample:

Dell
Heinz
Hilton
Ford
Levi's
Trump
Bacardi
Ben & Jerry's
Macy's
Walmart
Goodyear
Getty
Sears
Gillette
Eli Lily
Dow Jones
Anheuser-Busch
The list is endless.

I repeat -- PAKIT was needed for P2O. Would you prefer John try to start from scratch a chemical company?

I think he bought Javaco and PAKIT because they were two boring businesses that didn't need his or anybody's management. The efforts to make them grow appear to be John just giving the nod and go ahead for others to give it a try. I repeat -- John isn't trying to run them. He's all about P2O.

And there's no evidence that he "failed" at the tape business. Seems like he just pulled the resources from it. If I was a plumber who stopped advertising for plumbing services, does that mean I "failed" at plumbing? Of course not. It's a service business that requires dedicated trusted resources.

PAKIT owns Dickler Chemicals. Dickler Chemicals is an important part of P2O, and possibly THE most important part of P2O.

Filtration company is for medical waste. I don't think that deal ever closed anyway so your point is moot.

Only point you have is on Javaco. I think he did that just to put some assets in the shell and get some operations going so that he can do a private placement for P2O. Have you noticed that he hasn't bought any companies since P2O began????

I agree that we would be fine without Javaco right now though. I disagree on just about everything else you stated and think it's the result of you not being familiar with what you speak which is fine. I started out very skeptical too until I knew what I was talking about.

Dumb example. The point is you are talking about a filtration company without having a clue if it even closed and without having a clue what the price tag was. You are smarter than that -- you cannot criticize the decision to buy something profitable without knowing how much the cost is. I'm giving a reasonable example especially since it was part of John's original business plan -- to acquire businesses on the super cheap if possible given the harsh economic times. If he can buy a company that helps him with plastic medical waste TODAY during a unique insanely cheap price of a company that is self-sustaining, why the hell not?

Of course we're talking in theory since the deal you're screaming up and down about pretending to be an expert on it's viability you didn't even have a clue that it was never bought.

Raw

Saturday, July 24, 2010

blind squirrel says JBI is not a scam


So if you believe, as I do, that JBI is not a scam and that JB has every intention of completing a stack test and obtaining an air permit, you probably take as likely fact that the processor has been run full tilt boogie a bunch of hours during the last several months preparing for those events.

The processor does not run without producing fuel, so:

How much fuel did the fuel processor process if the fuel processor was processing fuel?

In theory that fuel will be sold when the air permit is secured, so just how big of a pay day might that be?

Want to venture a guess and provide your logic?

Friday, July 23, 2010

ABIGHAMMER believes JBII is a JUGGERNAUT


i think its clearly evident that sale of JB's/JBII's finish product, which has already been highly touted as virtually ready to use as fuel in any metric applied, is a given. its a petroleum distillate. and at any market price in any market !!!!

" its black gold... texas tea". and the next thing we know, old JB is gonna be a millionaire. along with multitudes of other savvy investors, such as myself.

i am thrilled to be an owner of this soon to be JUGGERNAUT !!!

in fact, here is one applicable meaning of the word JUGGERNAUT: An overwhelming,advancing force that crushes or seems to crush everything in its path.

my god, doesn't it describe JBII to a " T " ???

JBI, Inc, is approved to list on OTCQX

NIAGARA FALLS, Ontario , July 23, 2010 (GLOBE NEWSWIRE) -- On Wednesday, July 21, 2010 , JBI, Inc. (the "Company") (OTCBB:JBIIE) received approval of its application to the OTCQX U.S. Premier marketplace (www.otcqx.com). The Company was further advised on Wednesday, July 21, 2010 that quotation could begin as early as Friday, July 23, 2010 . On Thursday, July 22, 2010 , management was informed that, in fact, the timing of the transition would be determined by the removal of the "E" from the Company's stock symbol. Management is filing an emergency motion with the hearing officer handling management's case with FINRA to seek removal of the "E."As soon as a hearing is held and the hearing officer renders a decision, the Company will provide a further update.It is management's understanding that once the Company became compliant with SEC reporting requirements by filing its first quarter Form 10-Q on Friday, July 16, 2010 , that the "E" would be removed within three business days.Management has not been provided an explanation for why the "E" has not been removed.

The OTCQX marketplace is the premier tier of Pink OTC Markets Inc. interdealer quotation service providing investors with an objective measure to distinguish OTC-traded companies.Trading on the OTCQX provides investors with transparent, fully electronic trading, superior access to information, and efficiency through many major online and full-service brokerage firms. The OTCQX Premier has many listing requirements including financial and market-related minimums and the conduct of annual shareholders' meetings.Unlike the OTC Bulletin Board, the OTCQX is not owned by FINRA.

The Company is pleased to join other global companies that trade their securities on the OTCQX including, among others, Adidas , Air France-KLM , Allianz, AXA, BASF, Benetton , BNP Paribas , Deutsche Telekom , Marks & Spencer , Roche , Wal-Mart de Mexico and Zurich Financial Services .

Thursday, July 22, 2010

"Pipeholder" suggests "faith" in JBII is appropriate

I would gather from the share price that some investors are losing faith in JBI and in JB as CEO of the company. Some have said that scams are led by people that the investors have had blind faith in and have been led by this to disadvantage.

I can see why. It is true that we thought the process would move along a little quicker than it has. However, it is not unusual for a company of this size and comparative youth to run into delays and setbacks. It is now apparent that the move to $7 was not sustainable.

This lack of faith in everything is becoming an epidemic. People have lost faith in their countries, their governments, their institutions, the stock market, other and in themselves. Perhaps its a product of the time.

But I would rather have misplaced faith than not to have faith at all. Our fathers and grandfathers had faith. Thats why they fought in the great wars. They believed and had faith. The story on JBI will play out over the next year and it may or may not work as many believe. Only time will tell.

Its still very speculative and other setbacks can and will occur. If JBI works, P2O has the capability to add something positive to our lives. I will lay my chips down on that faith.

Former owner discusses advantages of JBI's fuel blending site

I Glenn) do have 38 years experience in the petroleum business (self educated). I built owned and operated the blending plant in question. Will try to answer some of your questions and concerns.

Yes, the blending plant is a smooth operating very efficient facility. As you may or may not know mechanical point controls contacts may corrode all wiring and controls and had to be inspected. If necessary repaired for safety reasons. This has been completed and the plant is operational.

The product JBI is producing 85% # 2 fuel (diesel fuel) and 15% gasoline are near vehicle engine ready.

Instead of selling this feedstock to refineries (which he could if he wanted to) at a low price, it makes sense to improve this product with the use of the blending site.

Product goes from bulk storage to testing lab, blended and tested to government specs. May have to be blended up or down. As long as it meets gov. specs (which is easy to see it will by the quality of the product) it is market ready, all in the same day.

Yes there are 2 different facilities. the blending site accommodates storage and blending of product that comes from P2O.

Blending plant is not a requirement for selling P2O output. It accommodates minimal upgrading and rapid truck tankers loading and unloading.

I would hope that JBI's future plans is to facilitate P2O plants on the blending plant properties if only to maximize efficiency.

ABIGHAMMER speculates on impact of air permit approval


not sure what the date is, but as reported in the CC, it is scheduled !!!!

so, lets make believe its Friday, for illustrative purposes.

as i posted priorly...... based on 35+ yrs in dealing with municipalities in permitting issues, in all phases of construction from high end residential to commercial, and heavy industrial, here's a synopsis of how we will roll:

its a slam dunk. the powers that be are gonna walk in, probably observe the results 3 x for an hr. each, probably utilizing our test equipment...

inspector[s] have coffee, shoot the breeze while looking around at the rest of the operation.... all the while noticing big piles of crap all around being fed into the equipment, and then clean petroleum based products coming out......

wondering to themselves WTF is goin on here?????...... and making mental notes to selves: BUY JBI STOCK AS SOON AS BACK TO OFFICE..... and boom....

PERMIT APPROVED/ISSUED

"Steady_T" responds to naysayer's P2O concerns

------------------QUOTE----------------
That's the one monster issue that all these pyrolysis waste-to-fuel startups face--finding anyone who will buy their "fuel" for a price that doesn't lose them money.
-------------------------------------------

You seem to have misunderstood the issue.

While what you say is technically correct, prior pyrolysis startups can't find anyone that will buy their fuel at a price that doesn't lose them money. That is because they can't find anyone that will pay $100/bbl. Their cost of production is much higher than what JBII projects.

Even if JBII cost projections are off by 150%, they will have no problem making a profit selling the output at WTI prices.

We will find out soon how problematic selling the output is.

I think you will be quite happy when your concerns are put to rest and the sales are made.

Your argument was fine until you got to the "what if" part.

The IsleChem report was not "what if"....it was "what is".

What it said is that the output is a mixture of hydrocarbons of specific weight ranges and amount, with very little contaminants.

That is "what is".

Control of the inputs is a requirement for all industrial processes.

You might as well say "what if" they put a gallon of Mercury in the processor, the fuel will be contaminated and no one would buy it.

Rawnoc outlines salient info from Conference Call


JBII CONFERENCE CALL
TIDBITS OF INTEREST:

PLASTIC-TO-OIL:
(1) Stack test now scheduled which takes one day -- last step to get the permit to start full commercial operations.
(2) Fuel yield ratio 40% originally to 89% now.
(3) Off-gas byproduct is produced and self-runs the system with excess natural gas that's stored as a bonus.
(4) 2 man operation per shift. Process is simple and robust with very little waste. Total cost of the processor only $200,000.
(5) Entire process is being patented. No more changes needed.
(6) Free feedstock already lined up. Plenty of sources available. "We can be choosey at this time" because there's so much available. Prefers hydrocarbon-based plastic from industrial waste which tends to maximize the numbers out of the processor.
(7) Permit = immediate full commercial operations including sale of already procued fuel.
(8) Permit = joint-venture partnerships begin talks for expansion everywhere.

PAKIT:
(1) "Commercials expected launch this summer"
(2) "We look forward to announcing the new product line in the very near future"

CC Replay: http://www.investorcalendar.com/IC/CEPage.asp?ID=160560

Raw

rocketeer357 discusses JBII & its CEO


Yup, JB was a bit too excitable in the past. I hope for our sake he has learned to zip it until he actually has results in hand.

Look, P20 is a new and emerging technology. There's always cash burn up front as processes get tweaked, engineers get paid and discoveries are refined. If he hadn't promised so much, we'd be happy with the current PPS and progress to date. The psychological blow of falling from $7 to $1 certainly creates the aura of "loser" and is the consequence of too much unbridled, unsubstantiated claims by JB himself. By itself, it doesn't mean that the P20 concept is fatally flawed.

So the question here is the same: (and it's not do you trust JB?) It's "do you think P20 will work? Are you happy that the 02 sensors are indeed fixed?" "Will the compressor do the job?" "Are there any other secrets we don't know about yet which indicate a weakness in the process?"

JB was a little less cocky about the stack test in the CC, which is as it should be because if nothing else, he knows by now that he doesn't have all the answers in hand.

"techisbest" opines on JBII & P2O


The problems that P2O faced would have been there whether or not the issues with the financials had taken place.

The processor is now ready to move to the production phase. It is ready to have the stack test performed so that the air permit can be obtained.

Nothing indicated that there were any serious issues with the P2O process remaining. Production P2O will be here soon enough.

Soon enough for me to continue to hold and add to my position.

If you were holding and do not believe that JBII is stronger today than it was three months ago, I certainly would love to hear your reasoning for that opinion.

The only reason I can see is that John made claims, such as how fast a permit could be obtained, that were clearly too optimistic. This does create a credibility gap.

But the problems that were unforeseen have been addressed. There will no doubt be other places where production rollout will stumble, but I think JB has worked hard to try to make rollout as simple as possible and to have as many issues addressed as possible.

The company, and the technology, continue to mature. I will be surprised if a good deal of credibility is not restored before the cold weather sets in.

I was happy to hear that the production-ready system is now also a patent-ready system.

Wednesday, July 21, 2010

Rawnoc questions naysayers' claims that P2O fuel will not sell


Well it looks like stack test + permit is around the corner.

Let's see if those fuel sales are difficult. We won't have to wait long at all. I can't imagine that the fuel sales are difficult. The problem with your rotten soybean biofuel company having trouble selling their biofuel to a biorefinery is because they have $5/gallon feedstock trying to make bifoel that sells for $3/gallon. Of course they can't do it profitability.

But let's indulge in the fantasy world that no refinery would be interested in high grade PETROLEUM diesel fuel in the united states and the blending site will fail to sell fuel. Let's indulge that delusion for a moment -- surely there's some place else they can sell this fuel to in the world, no? Since it requires zero refining and runs on a NORMAL diesel engine unlike biodiesel with little to negative profit margins? Surely with free feedstock and few employees to run the thing they could find somebody, somewhere to buy their fuel. That's not even a remote challenge It's green fuel. The city of Niagara would probably buy it for their vehicles lol.

I'm not an expert on petroleum refineries, but I do know that you can study rotten soybeans and biorefineres until you're blue in the face, but one would still be clueless about what a petroleum refinery would accept.

I don't blindly trust John Bordynuik -- I trust the lab reports of two major international labs that verified the fuel's quality and choose to ignore rotten soybean biofuel testimony that pretends to call itself "identical business model that's a carbon copy"

Who are these investors that claim to doubt the ability to sell fuel?

Certainly nobody at the AGM who saw the reports. Then again, those petroleum labs aren't experts in rotten soybean biofuel so what do they know?

Raw

JBI, Inc. Recorded Earnings Conference Call

Interested and prospective investors may hear a recording of today's Earnings Conference Call as presented by CEO John Bordynuik. Click on the following link:

http://www.investorcalendar.com/IC/CEPage.asp?ID=160560

JBI, Inc to list on OTCQX effective 7/23/2010

OTCQX U.S. Premier

Designed to identify issuers that are of the size and quality to list on a National Stock Exchange.

Additional requirements include:

A minimum bid price of $1(for preceding 90 business days);
At least 100 beneficial shareholders, each owning at least 100 shares of the company's common stock;
The company meets the financial qualifications for continued listing on the NASDAQ Capital Market;
Conduct Annual shareholders' meetings; and
The company meets all of the requirements of the OTCQX U.S. Tier above.

Application Fee
$5,000
Annual Fee
$15,000

Who Should List on OTCQX

Many U.S. companies list on OTCQX as the final step toward a NASDAQ or NYSE listing. Others enjoy the efficient compliance-driven and cost-effective model it offers their investors outside of a traditional exchange listing. For companies moving off a U.S. exchange, OTCQX is the ideal home, providing most of the services the company and their investors have come to expect from a listed market.

The Security and Exchange Commission (SEC) has recognized and acknowledged the problems of the OTC market for years, but with over 9,300 OTCBB and Pink Sheet traded companies, it has, quite simply, been underpowered to fully address these issues to the level that it requires. Resurgence is happening with the SEC recently cracking down hard on unethical promoters and companies with this trend fully expected to continue. Aiding in this effort to create more transparency, the OTCQX has been gaining popularity as its primary goal is to provide a premiere platform of information for investors based on the company’s compliance to meet a higher set of standards.

Why Investors Prefer OTCQX

Companies trading on the Pink Sheets that upgraded to OTCQX increased trading volume on average by 99

Institutional and retail investors can invest easily in OTCQX securities. Retail investors can buy OTCQX securities via point and click trading through online brokerage accounts such as E*Trade, TD Ameritrade, Charles Schwab and Fidelity.

OTCQX separates out the credible companies from the large number of economically distressed and questionable companies that trade OTC. Companies that list on OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards.

• OTCQX companies are distinguished from the thousands of other OTC traded companies
• Transparency, visibility and higher liquidity
• A simpler alternative to SEC reporting for non-U.S companies already providing credible disclosure in their home country market, or U.S. companies who want to provide high quality disclosure without a SOX 404 audit pursuant to the Alternative Reporting Standard
• Real-Time Level 2 Market Maker Quotes available to all investors
• OTC Market Report with trading data and stock performance

http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp

Monday, July 19, 2010

JBII family member comments on "Pipeholder's" opinion

2bigcats comments:

Pipeholder......
1. Not regional event any longer. Why there are shareholders in Bermuda, Australia, Korea, China and many in the USA.

2. If John had duped the shareholders I personally would lead the fight to skin him alive. I and every member of the family paid for our share in the pipe and online. I have paid up to 5 dollsrs a share. Family are shareholders just like you.

3.The P2O is working.......tankers will fill up, and as the tankers fill up, the blending plant tank storage will fill up and will be in the marketing business. Good things take time.

Patience is needed

"Pipeholder" opines on JBI CEO & Company

I would agree that JB will read these comments from time to time. If you were CEO of this company, wouldn't you? It's really not important. Now that we have the most pressing issues out of the way, we can go forward. I have met JB on several occasions and he is primarily why I invested in JBI. I believe he is a driven purposeful individual and a rare commodity to have as an asset to the company and to shareholders. Yes, I had my doubts when they were late to file.

But my doubts were mostly on the execution side and that is still to be an ongoing issue going forward.

All companies have this risk. It is a company specific issue. BP is a really current example. The Gulf oil spill is an example of poor execution and poor decision making. Decisions are only proven poor in hindsight not when made.

When you are attempting something that has never been done before, you will make mistakes. Give JB some credit here. Win or lose, he is attempting to hit it out of the park on his first time at bat. That takes a lot of courage. Those sniping and commenting on errors on his part and the company would not even have the courage to attempt to fail in front of so many.

Don't get me wrong. There are still tremendous risks and further potential for error with JBI. It is still far from a done deal. But he has earned my continued respect and faith as a person. He has faults (unlike me and other posters) but he learns from them and I think you will see a better CEO in the future.

The only thing that matters is if P2O works and can generate revenue and profits. That is the next thing to prove

Saturday, July 17, 2010

"Steady_T" discusses format of upcoming JBII conference call

There is no such thing as an open forum on a conference call.

Every one I have been on at the very least they ask you what you want to talk about before you are connected.

Many CC are like this one where you submit the questions in advance.

Not my favorite but common enough.

As for why they wouldn't want a completely open CC, read the crap that shows up on this board on a regular basis.

I can only guess how many of the "have you quite beating your wife" type questions they would get.

A session filled with those sorts of questions would be a disservice to the stockholders that really do want to find out what is happening with the company.

Rawnoc proclaims JBIIE is a sleeping giant about to wake up!


JBIIE = BACK WITH A MONSTER VENGENCE!!!!

1. JBIIE loses the E soon as they are fully caught up on their filings audited by Withum, one of the top accounting firms in the country. JBIIE has been in a silent period until this is finished and should come out with guns blazing now. Conference call Wednesday.

2. JBIIE's machine is a license to print money via its waste plastic-to-fuel process which has been validated by Islechem, a spawn of a $70 billion NYSE company (NYSE: OXY).
http://finance.yahoo.com/news/JBI-Inc-Announces-That-pz-1245470791.html?x=0&.v=1

3. JBIIE has a temporary license to run this machine. The machine is running with tons of plastic successfully pouring in with fuel pouring out.

4. JBIIE is DAYS OR WEEKS AWAY from a permanent license. With this permanent license, the money-printing machine will run 24/7 processing thousands of tons of plastic from everybody from Chrysler to Waste Management at a MASSIVE profit per barrel.

5. JBIIE will be the ONLY company in the world that's solving the plastic in landfill problem that not only uses a green technology, but it is MASSIVELY profitable (cost less than $10/barrel with a seemingly endless supply of feedstock). JBIIE will be promoted in the mainstream news. It's going to be a wild party.

6. This business model allows for easy and rapid expansion through duplication of putting machines across the country. Contract for 90+ machines already in place in Florida with Al Sousa, former executive of a multi-billion NYSE company.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52277042

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49467137

While the vast majority of us are in JBII just for the fuel sale business, I think PAKIT sales may explode more short term as infomercial sales for new retail product launches tend to have an immediate short term large boost to sales in my experience. It should be launched this Q as we know the infomercial is online already. Infomercials tend to bring in millions in their first couple of months.

Think of a race....one runner is 1 mile, 2 miles, 10 miles, "light years" ahead....JBII is ahead by light years. The others are so far behind not in time but in distance in terms of achievement. Time-wise, despite what we stock players call "delays" -- John only got the 20 ton machine 6 months and change ago and worked on it from scratch. All that testing, trial and error, 65 sensors, tweaking, fixing, etc. Happened lightning fast in the real world especially for such a small team....BRAVO I say.

Raw

Friday, July 16, 2010

JBI, Inc. to Hold Earnings Conference Call

Friday, July 16 2010 7:30 PM, EST JBI, Inc. to Hold Earnings Conference Call GlobeNewswire "Press Releases "

NIAGARA FALLS, Ontario , July 16, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBIIE) announced today that Chief Executive Officer John Bordynuik will host a conference call to discuss the Company's financial results for the fiscal 2010 first quarter ended March 31, 2010 .

The call information is as follows:

Date: Wednesday, July 21, 2010

Time: 4:30 p.m. Eastern Daylight Time

Dial-in number for US/ Canada : 1-877-407-8035

Dial-In number for international callers: +1 201-689-8035

Conference ID: 354160

The call will also be available in real time via webcast over the Internet at:
http://www.investorcalendar.com/IC/CEPage.asp?ID=160560.

A recording of the call will be made available on the Company website (www.jbiglobal.com) for those who are unable to participate.

The Company would like to address as many questions from the investment community as possible during the call and therefore inquiries may be submitted via email to questions@jbi-ir.com by noon EDT on Tuesday, July 20, 2010 . Any questions that are not addressed during the call will be addressed by JBI's Investor Relations personnel following the call.

Thursday, July 15, 2010

JBI receives approval for DROP SHOT trademark

On Monday, July 12, 2010, status on the DROP SHOT trademark changed to PUBLICATION/ISSUE REVIEW COMPLETE.

Trademark Summary On Thursday, March 25, 2010, a U.S. federal trademark registration was filed for DROP SHOT. This trademark is owned by JBI, Inc., 500 Technology Square, Suite 150, Cambridge, MA 02139. Trademarkia.com is a free search engine of publicly available government records. Trademarkia.com is not a law firm and does not represent owners & correspondents listed on this page.

The correspondent listed for DROP SHOT is ANTON J. HOPEN of SMITH & HOPEN, P.A., 180 PINE AVE N, OLDSMAR, FL 34677-4629 . The DROP SHOT trademark is filed in the category of Cosmetics and Cleaning Products . The description provided to the USPTO for DROP SHOT is concentrated multi-surface house-hold cleaner in dissolvable liquid packets for retail sale.

The USPTO has given the DROP SHOT trademark serial number of 77968172. The current federal status of this trademark filing is PUBLICATION/ISSUE REVIEW COMPLETE.

Trademarkia is the largest search engine for U.S. trademarks. Each month hundreds of trademarks around the world are filed by licensed attorneys in the Trademarkia network! You can register your trademark in 55 countries in the world through Trademarkia.

"Steady_T" staunchly objects to skeptic's P2O comparison

JBI competition ? maybe not.

imba please look a little deeper on your links before you proclaim them as ones " that make JB's p2o look like a redneck's moonshine distiller...lol"

Your first link.

Status as of February 2009

A May 2003 article in Discover magazine stated, "Appel has lined up federal grant money to help build demonstration plants to process chicken offal and manure in Alabama and crop residuals and grease in Nevada. Also in the works are plants to process turkey waste and manure in Colorado and pork and cheese waste in Italy. He says the first generation of depolymerization centers will be up and running in 2005. By then it should be clear whether the technology is as miraculous as its backers claim."[23]

However, as of August 2008, the only operational plant listed at the company's website is the initial one in Carthage, Missouri.[24]

Changing World Technology applied for an IPO on August 12; 2008, hoping to raise $100 million.[25]

The unusual Dutch Auction type IPO failed possibly because CWT has lost nearly $20 million with very little revenue.[26] [27]

CWT, the parent company of Renewable Energy Solutions, filed for Chapter 11 bankruptcy. No details on plans for the Carthage plant have been released.[28]

And:

Reports in 2004 claimed that the facility was selling products at 10% below the price of equivalent oil, but its production costs were low enough that the plant produced a profit. At the time it was paying for turkey waste (see also below).

The plant then consumed 270 tons of turkey offal (the full output of the turkey processing plant) and 20 tons of egg production waste daily. In February 2005,[13] the Carthage plant was producing about 400 barrels per day (64 m3/d) of crude oil.

In April 2005 the plant was reported to be running at a loss. Further 2005 reports summarized some economic setbacks which the Carthage plant encountered since its planning stages. It was thought that concern over mad cow disease would prevent the use of turkey waste and other animal products as cattle feed, and thus this waste would be free. As it turned out, turkey waste may still be used as feed in the United States, so that the facility must purchase that feed stock at a cost of $30 to $40 per ton, adding $15 to $20 per barrel to the cost of the oil. Final cost, as of January 2005, was $80/barrel ($1.90/gal).

The above cost of production also excludes the operating cost of the thermal oxidizer and scrubber added in May 2005 in response to odor complaints (see below).

A biofuel tax credit of roughly $1 per US gallon (26 ¢/L) on production costs was not available because the oil produced did not meet the definition of "biodiesel" according to the relevant American tax legislation. The Energy Policy Act of 2005 specifically added thermal depolymerization to a $1 renewable diesel credit, which became effective at the end of 2005, allowing a profit of $4/barrel of output oil.

As for the second link:

shut-down order

Michael Spitzauer, CEO, said that his company's municipal-waste-to-power process does not emit the compounds in question, and that the Washington State Ecology Department's concerns are unfounded in which they claim GPI has "not provided adequate compliance with the environmental air quality regulations."

by Sterling D. Allan
Pure Energy Systems News
Copyright © 2009

This is a photo I took in May 2008 when I visited the plant just after it was first operational.

http://pesn.com/2009/08/07/9501560_CEO_appealing_GreenPowerInc_shut-down_order/


Green Power Inc (GPI) of Pasco, Washington, who has a technology to turn municipal waste into high-grade fuel and electricity, was ordered Wednesday by the state's Ecology Department to shut down within three days because they have "not provided adequate compliance with the environmental air quality regulations."

http://www.cleanenergyprojects.com/Company-Announcements.html

That pretty much says it all for Green Power Inc.

Well, not quite it turns out.

Follow-up

* Green Power Inc CEO under investigation - Green Power CEO Michael Spitzauer is the subject of an investigation by the Securities Division of Washington state's Department of Financial Institutions. He also has been sued by business partners..., and he's been sued at least three times in the last year in Franklin County Superior Court for failure to pay bills. (News Tribune, Tacoma, WA; August 11, 2009)

"tykundegex" opines on Estimated Profit's recent P2O valuation summary

And what about if they sell it post-diesel/gas separation directly to a gas station? What price can they get for it as "pure" diesel and gasoline? 20% more?

Just for fun, if you run your numbers with $75 oil, no downtime (or rather consider than a processor can do 4x 20tpd anyway), and $10 production cost, you get a $14 stock from 5 processors.

Sure it's just a WAG.. but recall that is only the math for 5 processors. I would expect there will be dozens or more within a couple of years.

If P2O does what it claims, and JBI can move quickly enough to take advantage of their technological superiority, I see a $100+ stock in the next few years easily.

"Estimated Profit" presents A Conservative P2O Valuation Approach

I'm sure I'll take a beating for JBI: A Conservative P2O Valuation Approach

This is an attempt to break the business model on the first 5 processors, and see what the results are.

Assumptions:

O/S: 53,000,000 (Roughly 1.5 million more than current)
Oil: $60/barrel (Bear market/Deflation)
Production:32,000 barrels (20% downtime)
Cost: $15/barrel(claim is under $10)
WTI (Should get WTI+$2, blending site should increase margins)
Taxes:40%
PE:100 (Should be very achievable with easily replicated machine and media attention to cheap production, waste to fuel)

EPS/processor: 0.0163

1 Processor $1.63
2 Processors $3.26
3 Processors $4.89
4 Processors $6.52
5 Processors $8.15

Still very good numbers. What are the odds that every variable will come under claims or expectations?

To give an idea of the difference between $60 oil and the price of oil today at roughly $76/barrel, 2 processors would equal $4.41.

JBI's 20 ton P2O processor presently gathering data for an air permit

"The Company requires a permit from the DEC allowing commercial operation of the P2O processing machines in New York. The Company believes that in the near future, it will obtain a permit from the DEC allowing commercial operation of the machines in New York"

"Flaring the excess off-gas is common in the oil and gas industry but is not environmentally friendly, would waste the fuel value, and would require a separate permit. To avoid flaring the excess gas, the Company purchased a gas compression system to buffer and regulate the off-gas to 1) resell or 2) to cold start the process. The gas compression system and mobile storage tanks were installed on the Company’s 20T Plastic2Oil processor in June, 2010. The gas compression was successfully interfaced to the Company's 20T processor. The 20T processor is presently being operated in steady-state conditions to gather data for an air permit."

"The Company will not delay work and testing for an air permit by waiting for a large scale gas/diesel separator."

Wednesday, July 14, 2010

"OGINVU" claims full blown basher assault on JBI

Wow, full blown assault on JBI today by the group...Do you guys not have any other stocks that you "don't care about"to waste all day on? I notice that the longer there is no volume, the more negative post there are...must just be a coincidence...Re-hash, re-dig,re-insult...you could save some typing and just repost the last time you said the same thing...still long and strong and almost hope you win in driving down to a $1.00 then I can afford to reload before the inevitable air permit, fuel sold, pr"s,and media coverage that you know are coming..We all have agendas one way or the other..GOOD LUCK TO ALL

"Steady_T" disagrees with skeptic's "disingenuous" post

That is pretty disingenuous PP.

------------QUOTE-------------
Somehow the extra gas became a surprise to him recently and this issue was listed in the 10K/A, suggesting a reason for the delays.
-----------------------------------

The amount of off gas has always been characterized as more than required to run the process.

JBII has the option to flare the excess gas off, but has chose not to do so for at least two reasons.

It is a waste of energy that can be used to good purpose.

It creates CO2 for no benefit.

Then there is the monetary value of the gas that would be flared off.

In particular, there is a requirement for gas to heat the machinery up to operating temperature before the process starts to produce gas. Prior to having the gas storage and compression facility in place process startup required natural gas to be purchased. With the storage facility in place, startup can be done using process produced gas.

Tuesday, July 13, 2010

"2bigcats" disputes naysayer comment

Good luck getting one of those machines running in Canada, especially Ontario, with our strict environmental laws.

I'm not aware you read Ontario Newspaper. A few months ago there was an article in the local Niagara newspaper that the recyclers of plastics had so much plastic that they could not get rid of it.

Do you really believe the Ministry of Environment would rather have these recyclables go into landfills instead of it going into a P2O factory. You have a lot to learn about the Canadian Government going green.

"Zardiw" questions JBII naysayers' persistant attack agenda


Riiiiiiiiiiiiiiight....There IS no shorting......There ARE No Fails to Deliver.........There IS no Bear Raid......There is NO share swapping going on......There have been NO complaints to every agency on the planet.....There have been NO attempts to break into JBII facilities.....Surf1944 (massive shorter) is NOT posting about JBII....There has NOT been an avalance of web based slams against the company, or the CEO....Sykes is NOT talking about shorting JBII........There have been NO derogatory 'articles/blogs' posted on websites........Pay NO attention to the man behind the curtain......I get it......z

Monday, July 12, 2010

"sdy" offers sage advice to all JBI investors

One should always do the appropriate amount of DD before investing in a company that has more than one class of shares, and when additional classes may take place after the initial investment, if that is uncomfortable with the investor, they should take their gain/loss and move on to what may be considered greener pasture.

The concern over the founder having super voting shares sounds more like a confused discussion on the board of a non-profit than an informed discussion here. There is much at stake for JB and he has every right to protect the investment of his life's work. As a retail shareholder I'm comfortable knowing that I have equal claim to JBI profits and having handed him the reigns. After all, it wasn't my idea and I don't have the time even if it were, to manage the complexity.

For those who are uncomfortable with their DD of JBI or JB having the greater controlling interest I ask you, what is the return on the investment of your time posting here?

Sunday, July 11, 2010

"Rawnoc" challenges skeptics' persistant negative posts on media credits, Withun 10-K data & claims of fraud or scam


How long the "media credits" are considered ancient history?

One quarter? One permit?

Do you really think the market will give a shit even remotely about "media credits" valuation in the future?


It`s important we beat this dead horse as much as possible right now. Because nobody will care about it after the permit and next 10Q. And I mean NOBODY

Can you imagine some idiot on CNBC saying "well, JBII looks great, but a long time ago they misvalued a media credit on their balance sheet before moving up to one of the top accounting firms in the country so we recommend them a sell" -- the guy would be slapped in the fact for his stupidity right there on live camera. I've never seen a lawsuit based on intanglible assets -- have you?

On overstated cash, revenues, earnings, or understated debt -- sure. Over an intangible asset? ROFL!!!!

Good luck finding a single example in the history of the entire stock market. Your bark has no bite. ESPECIALLY when, in reality, the media credits still DO exist and they still DO buy $10 million worth of advertising, regardless of the write down, a judge would laugh out of court anybody dumb enough to bring a suit which will be NOBODY.

Investor: "Your honor, the company said they had $10 million worth of media credits."
Judge: "Well, do they?"
Investor: "Yes, but they wrote them down."
Judge: "Do the media credits still exist? Do they buy $10 million worth of advertising?"
Investor: "Yes, they exist. Yes, they buy $10 million worth of advertising. But but but technically the non-cash intangible asset entry was booked wrong according to a new GAAP accounting rule passed half way through the year last year."
Judge: "GTFO out of my court, moron. There is no fraud here."

Fraud is when you pretend something exists that doesn't. The reality? It was an incorrect entry at WORST, based on opinion. The media credits DO exist and the $10 million worth wasn't made up even if it's technically incorrect as an accounting entry it wasn't a fraudlently made up number so you don't have a leg to stand on with that silly accusation.

The media credits are an OFF BALANCE sheet asset now.

They still exist.
They are still valuable.
They will still be used.

They were clearly written off entirely to remove any doubt whatsoever. I applaud that move because as I've been saying since DAY ONE they had to be written off in 2010 anyway and would make 2010 earnings look far worse as 2010 would have $10 million in writeoffs instead of 2009. Now that they were written off in 2009, 2010 earnings will be unaffected.

It's an off balance sheet asset. Companies have them all the time. Sometimes it's hard to put a monetary value on an asset so it doesn't end up on the balance sheet or gets written off. The media credits still exist, but there's a question specific to JBII if they will be able to generate direct revenue in relation to their value hence they were written off even though $10 million worth of them still very much exist and will be used. If they generate revenue then the "expense" of using them will not be shown on the income statement. Ironically, it will inflate the income statement to a higher level.

What a slap in the face of skeptics. Not only did they expect pinksheets and Withum to never sign the 10K, but they expected all sorts of operational writedowns for which there were none,cash writedowns for which there was none, and nobody expected all sorts of juicy updates in the Withum-signed 10K about P2O which they thought was a scam and would never happen.

"The machines have undergone extensive testing to determine whether, among other things, they satisfy air quality standards enforced by the New York Department of Environmental Conservation (“DEC”). To date, test results indicate that the machines comply with these standards. The Company is operating its large processor to gather data for a DEC air permit to allow full commercial production."

Permit + fuel sales+ credibility permanently SQUASHING for some coming soon.... :)

False. Blest doesn't sell oil. What are you talking about?

Even if they did, in the real world a competitor is anybody who makes a similar product regardless of whether they made their first sale technically or not. There are all sorts of COMPETITORS in all sorts of industries that are in the development phase and/or pre-launch phase of their product.

Can you imagine a CEO on CNBC being asked "who are your competitors?" and the idiot responds "nobody, because we haven't sold anything yet. We make our first sale tomorrow therefore we have no competitors today."

He would be beaten to death right there on live TV for his stupidity and all of America would cheer his beating on.

JBII's "competition" is a joke, because nobody exists in North America that does what they are going to do. Discussion about a "Blest machine" that can't make oil profitability is laughable, and the company doesn't even sell oil despite dozens of claims otherwise.

No, let ME explain to YOU how it works.

He gave back 31 million shares.
He issued "himself" 900,000 shares.

Here's how it works....

(1) You take our your calculator
.
(2) You punch in 31 million.
(3) You round up 900,000 shares to 1 million just for sport.
(4) You subtract 1 million from 31 million.
(5) You end up with 30 million shares John returned to the treasury.
(6) You realize that the notion that John gave "himself" too many shares when he issued "himself" 900,000 shares is so stupid by a factor of 30 million it is absolutely mind boggling that there's anybody defending it.

Please explain to me how you are defending the claim that John "issued himself" too many common shares when he has over 30 million less common shares than he started out with. And don't babble about preferred shares and wild theories of what could happen. Explain directly how directly how NEGATIVE 30 million shares is somehow "issuing himself" too many shares. See if you can do it with a straight face. I'll bet my pancreas that you can't do it.

Some of us will be surprised when JBII is doing high profitable diesel fuel sales shortly.

Some of us are savvy and almost consider it old news at this point.

Don't act surprised when it happens. And don't forget to call it fraud & lies when it's reported.You still keep hiding behind P2O expenses which are included in Withum's numbers when you falsely claim the tape-reading business as a money-losing business.

Withum completely disagrees with you. Withum specifically stated a fat gross profit with the tape-reading business.

I know you are going to reply with information about the segment that includes P2O, but we all know P2O had losses. What you are falsely claiming and defending is that the tape reading business alone, without P2O, had losses and you further insist Withum agrees with you. You are either lying or sorely mistaken. The only thing that Withum separates out about the tape business is the $120,000 in gross profit. Furthermore you try to defend your false allegation by insisting tape drives in a free office space the size of a trailer home has $800,000 in expenses while the P2O chemists do not. It's just laughable beyond repair. Let's hope you really don't believe all of this nonsense, and you don't continue to foolishly pretend that Withum agrees with any of it even remotely.

I can't believe people don't understand the concept of working for MIT without being compensated. It says in the exact same paragraph that John wasn't compensated by MIT that he indeed did work for them. I guess it pays to read beyond a freakin' bold highlight in the 2 sentences before that. ROFL!!!

What's next -- the false allegation that John hacked into MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) website and created a page for researchers only as well as broke into CSAIL and gave himself office space?

How about he used to have a page at mit.edu for only researchers that work at M.I.T. and he used to email people from the CSAIL lab?

I know, I know, it's all part of the conspiracy. He hacked into M.I.T.'s CSAIL lab. lol

Even the most skeptical among us who are honest know damn well that John worked for M.I.T. as a researcher.

It's going to be EPIC. :)

Remember this post, dude. Remember it. GAME OVER

BOOYAH!!!
Raw

"Steady_T" discusses IsleChem report & P2O catalyst

If you want to look at the situation from the point of view that the catalyst wasn't SPECIFICALLY mentioned in the IsleChem report then analyze it this way.

IsleChem DID report the output of the process.

IsleChem DID report the percentages of the various components of the output of the process.

If you accept IsleChem's results, it doesn't really matter if the catalyst was used or not. The PROCESS produces results that are significantly better than those reported by other pyrolysis processes.

It doesn't really matter if JBII used the secret catalyst or if they used powdered turkey beaks.

The PROCESS results are very good. I happen to think the catalyst is quite important.

If you look at the results of various pyrolysis systems, it is quite clear that the ones that use a catalyst have more desireable outputs than those that don't. So, the use of a catalyst has been shown to be a big improvement in results.

I was addressing the argument that the IsleChem reports don't specifically mention that the catalyst was used in the testing.

That argument seems to me to be a ridiculous argument. The catalyst is an integral part of the JBII process.

What I was pointing out is that the results as documented by IsleChem are very good. If someone wants to assume that because the catalyst wasn't used, fine, the results still are very good.

That makes the argument of whether the catalyst was used or not moot.

Control data is not needed in a commercial situation.

Preexisting data on the pyrolysis process is wisely available and quite adequately describes what outputs can be expected. That widely available information is more than sufficient to provide a suitable reference point for comparison with the outputs of the JBII process.

IsleChem's personnel have a huge base of experience in the hydrocarbon industry. They know what can be expected from a pyrolysis process.

Their initial reluctance to allow the IsleChem name to be associated with even the testing of the JBII process shows that they are aware of the dismal results of previous pyrolysis attempts.

After doing initial testing of the JBII process they were impressed enough to allow JBII to use the IsleChem name publicly. That says quite a bit about what IsleChem thinks of the process results.

If they ran a control test or not is irrelevant.

In a scientific paper being published in academia such a control test would be required.

Dadgum, this isn't academia now is it?

Saturday, July 10, 2010

"stocker11" appreciates JBI's vision & execution

So you're suggesting that they should have gone public with the company and not told anyone about it? Perhaps hide in the back of a building, maybe sell to family members who only know about it because he was missing several hours a day so they had him followed and found out what he was doing.

There are no paid promoters or MM or large investment firms. They choose to let the little guy in at the ground level by basically word of mouth, a few material Press Releases and a few posts on face book.

Do you know of other schemes/scams, whatever name you want to put on it, whose CEO returned 31 MILLION shares to the treasury without financial compensation - yeah that happens everyday.

Have you ever seen a company hire companies like - Withum, Islechem, URS, CRA that turned out to be a scheme/scam?

Have you ever seen a company do this in 1 year

has taken the company public,
has increased Javaco's revenues by 52% this past quarter,
has automated Pak-It and opened retail markets in England/China and North America,
has commenced migrating data from 1000's of reel to reel tapes,
has completed 2 successful PIPE,
has purchased an air filter company and fuel blending company,
has paid off millions of $ of debt to become virtually debt free,
has applied for uplisting to Nasdaq/Amex,
has commenced the process of obtaining a P2O ship,
has signed a JV with Heddle Marine,
has signed JV with Al Sousa for 45 P2O sites in Florida,
has hired an extremely reputable staff,
has signed contracts with Islechem and URS,
has scaled a new invention from a table top model to a 20 ton processor capable of converting unsorted plastic into fuel. The process is continuous and produces a minimum of 109 barrels of fuel a day (per processor) + runs off its own by-product
+ much much more

You said
I respectfully disagree as I think one can make the case to connect the dots to a promotion
"schematic." It doesn't resemble a boiler room (not sure why in this day & age one would still be thrown to that vision), but the use of message boards posts, brochures, and cards to "promote" an investment opportunity in order to attempt to generate trading "liquidity" is surely present here and connects indirectly back to the company.

"BigGreen101" applauds JBI's P2O process

Since the P2O is not patented, then why release any data other than final results.

Lets look at an old PR...
In their continuing efforts to analyze the P2O process, Islechem has performed more than 40 small scale runs of various multicoloured, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, off-gas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable. In addition to the confirmed validity of the overall process, Islechem has provided the following statistics regarding the fuel product composition and process emissions:

-- JBI's P2O solution is repeatable and scalable.
-- Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a "near diesel" fuel.
-- Approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas.
-- Approximately 1% of the feedstock remains in the processor as a residue.
-- This analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon.
-- The fuel product was analyzed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel.
-- The fuel product viscosity is approximately 2 cst @ 40 degrees C, and is an amber fuel.
-- The fuel product contains only trace amounts of sulphur.
-- The fuel product centane number exceeds 40.
-- The residue does not appear to contain any highly toxic or difficult to dispose of components.
-- There is no evidence of air toxins in the emissions.
-- The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two.

Now in this PR, JBII has no indication as to what type of plastic lead to what yield of end product, the time it took, nor a mention of a catalyst.

No specifics, but a general, overall summation of the process.

Now you want details.... this is not going to happen. All the data is company secrets.

Have you heard from him on it?

Withum details JBI progress in 10-K

"In May 2010, IsleChem engineered and had manufactured a simple solution to separate diesel and gasoline fractions into separate fuel tanks to remove the gasoline fraction from our diesel-like fuel. IsleChem is presently testing this solution with various plastic feedstock and it will be scaled to work on our 20T Plastic2Oil processor. The Company will not delay work and testing for an air permit by waiting for a large scale gas/diesel separator."

"On December 22, 2009, the Company and Rick Heddle agreed to a Joint Venture whereby Heddle Marine Service, Inc. will retrofit ships with P2O processors. The Company is now finalizing a JV Agreement for production of its first P2O ship with Heddle. JBI anticipates contracting with various countries to convert their plastic waste into oil. Also, JBI has signed an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with AS PTO, LLC, an entity controlled by Al Sousa of Largo, Florida. Both Heddle and Sousa have strong management capabilities and are expected to be essential to the scaling up of a nationwide P2O launch."

"JBI continues to maintain its data recovery and migration business through the use of its tape drives. It currently has a mobile data container that can be deployed to transfer data onsite for customers with highly sensitive data. It acquired tape drives, servers, and the mobile data container through the acquisition of certain assets from John Bordynuik, Inc. The Company has a large backlog of tapes to be migrated and is seeking strategic partnerships with international companies that will allow the Company to realize tape revenues faster, thereby decreasing the backlog."

"In 2010, the Company assembled its 20T Plastic2Oil processor at its P2O factory in Niagara Falls, NY. The Company purchased a shredder and granulator to preprocess bulk plastic. A complete automation system with 63 sensors was installed on the Plastic2Oil processor for control, data logging, and management. The processor was run to gather operational steady state data for a stack test. Oxygen sensors supplied by a major US sensor manufacturer failed when exposed to the process over time and delayed our permit application process. A number of oxygen sensors were tested until a suitable replacement was found. Sensors on the processor are now functioning properly"

"The Company has also been focusing on restructuring the Philadelphia plant and revised the business plan for growth into the retail market. Management is going forward with a full retail rollout of Pak-It products. The company engaged Western Creative Inc. on January 12, 2010 to assist in planning and marketing the retail launch. In anticipation of increased demand for product from the retail launch, management is also reconfiguring the plant and updating its equipment

We also procured a 20 MT (metric ton) Plastic2Oil Processor and are now developing all aspects of the process from procurement, to automated systems of feeding, processing, and collecting oil."

As discussed in Note 2 to the consolidated financial statements, the Company has restated the 2009 financial statements to correct the accounting for business acquisitions and stock issuances. The effects of this restatement are disclosed in Note 2.

WithumSmith+Brown, PC
New Brunswick, New Jersey
July 9, 2010

http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm