Sunday, August 22, 2010

Rawnoc educates "mind-numbingly stupid" naysayers


Locking up contracts makes the logistics easy, sure, and further validates JBII so they are significant in that regard.

But on the topic of the PRICE of feedstock being $0.00 requiring an 8K? That's mind-numbingly stupid. That would be like requiring somebody make a formal announce because a company is going to get supply from Dollartree for $1.00 per item. A 10 year contract with Dollartree? Awesome, logistics are set and validity is high. But who gives a shit that you were able to get items for $1.00 at Dollartree when that's the market price. Likewise, who gives a shit that you were able to get waste plastic for free. Everybody with an IQ higher an onion who has done any kind of meaningful DD already knows that getting waste plastic for the price of free is easy. No company needs to issue an 8K to help somebody's gross ignorance.

Maybe you should read your own quote better:

"is no big deal because I don't have any difficulty acquiring plastic"

Please show us the SEC regulation that requires an 8K to be filed for things that are "no big deal" -- I called the SEC and asked them if 8Ks must be filed for things that are "no big deal" and they told me I'm an unbelievable idiot, to go fly a kite, and hung up on me.

When Form 8-K is Required
Form 8-K is used to notify investors of a current event. These types of events include:
Material definitive agreements not made in the ordinary course of business

http://en.wikipedia.org/wiki/Form_8-K

Getting plastic for free when the market price of plastic is free is within the ordinary course of business. There's nothing extraordinary about paying market price for something, in this case the market price being $0.00

You not understanding boiler plate disclaimers doesn't change reality which is easy to verify.

Plastic waste is overwhelmingly easy to come by for free at this time, regardless of disclaimers about the future. Might as well call it a contradiction while you're at it when a CEO has a disclaimer read at the beginning of the conference call that forward looking statements are unreliable then he proceeds to give guidance.

Perhaps it would be less deceitful to put the entire boilerplate disclaimer out there instead of taking a phrase out of context and running with it.

The renewable energy sector and recycled products sectors are highly competitive. Plastic2Oil is in the process of commercializing its processor and catalyst technologies and there is risk associated with being a new entrant into the alternative energy sector. Profitability in the Plastic2Oil business will depend largely on the access to waste plastic feedstock where prices can fluctuate significantly. Plastic2Oil faces competition from other recycling solution products for access to feedstock in addition to facing competition from the traditional refined products industry. The Company’s P2O operations are subject to the risk factors previously disclosed in our annual report on Form 10-K/A for the year ended December 31, 2009, filed with the SEC on July 9, 2010.

==================================

By the way....the prices DO fluctuate significantly. Anywhere from .20 per pound to buy one type of plastic to getting paid .10 per pound for other types of plastic.

If would be further far less deceitful if you quoted the email better which clearly explains this -- that 20% of plastic is of the expensive quality kind. He's interested in the other 80% which is free or paid to accept. This is what we call a fluctuation. Or one can do some meaningful DD and learn very quickly about huge loads of free plastic that are available because companies already pay massive quantities to get rid of it INCLUDING plastic recylers themselves.

FREE PLASTIC FEEDSTOCK = EASY. EXAMPLES BELOW:

(1) $10 to $100 per ton to dump waste plastic. Cities could save as much as $200 per ton with JBII:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53494788

(2) "steady stream" from construction sites by the ton:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53494745

(3) Here's an article, with references, whining that companies who burn plastic get PAID to do it:

"They receive a tip fee for disposing of the waste."
http://stopplasticfuel.wordpress.com/2008/10/17/100/

(4) $50 a ton example cost to dump plastic by a recycler who 40,000 to 80,000 lbs per month to the landfill. (JBII will take it off their hands for free). This is a single location:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53494417

(5) "non-HDPE and non-PET resins are usually sorted out and discarded at the recycling plant."

http://www.inhabitat.com/2009/03/19/green-rant-why-wont-nyc-recycle-plastic/

Discarded? How much do they PAY to discard? $25, $50, $100 a ton tip fee?

It's going to be really confusing for you when JBII is making thousands of barrels of fuel out of free feedstock.

It won't be confusing nor a surprise to me. You ask why there are no positives in a boilerplate disclaimer. I suggest you look up what a boilerplate disclaimer is. ROFL!!!

The yield is 89% so far and it's from steady state runs of FREE feedstock from both industrial and post consumer sources.

I consider this inane discussion over.

Raw

No comments:

Post a Comment

Please comment on this post.

Note: Only a member of this blog may post a comment.