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.

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