Justice37 discusses JBI's tape-reading business & P2O technology

There are millions of tapes out there, JBI is just now taping into this market. Just a few would not be accurate. NASA has old silo's filled with tapes they want converted. I also need to point out that tape reading is only part of the data conversion they do. There are all sorts of data on microfiche, other forms of tape and plenty of data on old hard drives. In 1998 I worked at an agency that wanted to convert a data base to a newer format. There was only one company in Ontario that was still familiar with the old format and could do the conversion. The original program was created in 1988. There are many far older forms of data sitting on hard drives all over the world. Other companies may deal with some of these formats but expertise in older formats is disappearing.

When you say that converting the information from old computer tapes to hard drives is not rocket science, NASA couldn't do it and when they got the information they couldn't make sense of it and asked John. There are quite a few rocket scientists at NASA.

I don't understand what is meaningless. John created the software and hardware to read the tapes so it could be automated. Throwing at tape on a machine to be read and put on a modern hard drive when no one else can do it is a good business on its own. This part of the tape reading was what the company was founded on. Making sense of the information that came off the tape was a secondary part of what John did, it was not part of the initial application for investors, it was yet another bonus thrown it later such as Pak-It and P2O.

Thanks for pointing out that the tapes will be used with P20, they are useless once the data is transferred.

At the same time, P20 is what makes me excited in regards to possible future profit. I just wanted to clear up the issue that John is focusing on P20 and not abandoning reading tapes, he just made the correct decision to focus more of his time on P20 instead of analyzing information from the tapes for NASA and M.I.T..

They have money & we'll know shortly how much they are going to be making. You have to understand that the organization was started without venture capital as this would help the share holders in the long run once they went public.

Also, P2O is moving very fast, from a small machine on a table 1.5 years ago to going into production any day now, that is really fast research and development. Delays have occurred but that is normal especially when everything has been done by the book. The process works, the building of processors and operating them has been studied, verified and can be easily replicated for others who decide to purchase a franchise. The company that did the stack test can also help out franchises or JBI with getting the appropriate permits depending on what state, province, or country P2O is going to be set up.

The process has been tested thoroughly and been found to work better than anyone could have hoped for by two different companies. Again and again negative predictions have been proved to be wrong and I don't expect that to change. Just my opinion.

There is a lot business to do with data conversion, especially the tapes. There are a finite number of tapes but it's going to take a long time to convert them. All that being said, the P2O process is where the real money is going to come from. I don't understand why you are not sold on the process, there is plenty of data supporting the conversion process, the information is on this hub. Two independent companies have provided information on well the process works. We're just waiting to see what profits can come from P2O. One way or another I think the speculation on the last point will be over a year from now.