Sunday, August 15, 2010

stonehenge disagrees with naysayers' negative & skeptical rhetoric


1. Normalized operating results were 2 cents loss in Q2;

2. Who says there is no definite date for the stack test? The 10Q is very specific in mentioning August.

3. Who says the company is unWILLing to sell the fuel? What if they stored some nice volume, which JBI is able to sell once the permit is received?

4. Failure of the tape reading business? Switching focus is called 'prioritizing'. Almost everybody, even the naysayers, were previously screaming that tape reading would not add as much value as P2O -when succesful- could bring to the company. The 10Q spells it out for you. It also says that it is to be expected that Tape revenue will increase in Q3 (IMO because the P2O operations will be permitted, stabilized and running 24/7);

5. After releasing the marine and Al Soussa JV/partnerships some months ago, the 10Q gives a nice update on this... Read it carefully and it is clear that these initiatives are ready to go and finalized as quickly as possible after receival of the permit.

6. Uplisting: it takes longer than previously anticipated. Hiring Withum makes up for the delay, if you ask me.

You have to understand Rome was not build in 1 day or even 1 year. And so is JBI. My take on Q3: we will see the first P2O revenues. Will JBI be profitable in Q3? IMO not, because this first P2O revenue from the very first 20T processor will not make up for the 2 cents loss in Q2. There is a wild card, however: PakIt. I don't know if or to what extend revenues are increasing now the advertorials are being aired.

But, and than I come to my forward looking valuation: the process is easily scalable and repeatable. Two more (new) processors are already in the works according to the 10Q. It'll be only a matter of time before there will be multiple P2O processors producing fuel/diesel/gas and JBI will make money hand over fist.

It's OK with me if you want to stay on the sidelines until this all will be realized. But in that case I guess you already missed an interesting opportunity to be part of a hige financial success. The market is forward looking and so should a savvy investor be.

'Game over' is the movie that JBI will present to you and the other naysayers pretty soon in a theatre near to you. You might be so incredibly astonished you can not even start to imagine, LOL. I am looking forward to see you eat a major crow if this plan comes together the way I think it will come together...

Patience, grasshopper.

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