Estimated Profit speculates on JBII outlook

The permit is imminent, and pretty much a foregone conclusion with the PR of the stack test results. Volume surged, but there was still thick resistance of hangover.

The overhang of selling pressure, as a group collective, has probably now shifted out of the:

I have a buttload of shares I need to unload, and it's a must to get down to the business of unloading them

to

Ahhhhhhh, ok, I have a huge chunk converted to cash, and can probably start to piece out the remaining load I have, and maybe hold on to a little.

but now there is still the

I have a boatload of shares still, because I believe, AND the new people who are taking the chance who can turn into the whole other new bear target if JBI doesn't progress in the way the market believes it should. We also still probably have a couple million shares from Thomas Kidd that COULD possibly be freed up at some point and hit the market.

JBI has to prove their claims in the 4th quarter of 2010, or it will drop precipitously below $.50, IMO.

I would caution a possible permit hangover feeling as the stock may not go as ballistic as everyone thinks. THE BIG EVENT is selling the fuel. Selling the fuel under a permit forces everyone to pay attention, and big money will begin to price the new risk/reward with that information. It has to be sold to a refinery, or the JV business model is destroyed. In my opinion, the market will have to price JBI at $3 or more upon knowing JBI can sell the fuel to a refinery(assuming in the vicinity of WTI).

If we are told JBI has to blend it themselves, and sell it to a few select gas stations or even gas stations owned by JBI, then we have much further to wait and see.

So, don't be surprised if the permit doesn't do all you hoped and thought. It's selling the fuel that is huge.

Once selling fuel, the stock would be much higher than these levels, but there would still be much to prove. Easier to wait on those proofs at $3 or more, and many shouldn't take too long.

Those next proofs would be adequate "low hanging fruit" plastic that JBI can be permitted to use. Can JBI produce 109 barrels of fuel/day at a $10/barrel cost? How much does the cost structure change with "higher hanging fruit" plastics, or sorting, cleaning and grinding the feedstock themselves, and how much will the price of those feedstocks rise? Will JBI receive good and adequate funding? Will JBI hire the proper key management to execute the business plan and team up with the entities to execute P2O on a large scale?

As each of those questions are answered, the stock will move accordingly.

In my opinion, many of these questions can be proven in the next 3-6 months, and if they do, a stock price of $20 is within reach.

We all know that if those questions are answered, the media involvement, and especially if there is a green bubble from oil reaching $100 again, would, not could, make this the Hottest Stock On Wall Street.

I've got my ticket, I have my popcorn, and about all I have to say now is...Put the critics in a body bag, Johnny!