Friday, December 23, 2011

JBII - Multiple Deals in a Week and a New CFO

Multiple Deals in a Week and a New CFO (PINK:JBII)

Getting a New, Experienced CFO at the Helm Always Inspires…
By Dennis Askew

Published: December 23, 2011 9:07:43 AM PST

JBII $1.99 +$0.36 +22.09%

With Oil topping $100 a barrel today fueled by those anxious bears, JBI, Inc. (PINK:JBII) is just positioned in the right place, at the right time to benefit as fuel and fuel technology are destined to be ‘hot button’ issues in 2012.

The Company’s proprietary Plastic2Oil converts plastic into liquid and gaseous fuels and that’s where the deals this week have emerged from: Energy.

But JBII isn’t a ‘one trick pony’ with three other units to generate revenue streams: It owns 100% of Javaco, a retail and wholesale distributor of equipment, hardware and tools for maintenance and construction.

The Company also owns 100% of Pak-It which manufactures cleaning chemicals, and owns two patents that allow for delivery of condensed cleaning chemicals in water soluble film, used in industrial cleaning operations. The JBII Data Business is involved in reading old magnetic tapes, interpreting, and restoring the data where necessary and transferring the recovered data to storage formats used in current systems. That’s a good business.

A busy week…

On Monday JBII announced the appointment of Matthew J. Ingham as the Company's Chief Financial Officer ("CFO") and shareholders always find a new person ‘in charge of the books’ to be inspiring. I do as well.

Wednesday JBII announced the signing of a long-term fuel supply agreement for its Plastic2Oil products with Indigo Energy Partners, a wholesale distributor of petroleum products and renewable fuels that utilizes an expansive network of distribution terminals and bulk plants across the U.S.

Today JBII announced the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited, an independent retail petroleum brand for regular and premium gasoline and diesel products in Canada. XTR will be purchasing Regular Transport Gasoline, Premium Transport Gasoline, and Diesel Ultra LS Clear gasoline from JBII.

On Nov 25 the stock was trading at $0.99 and is currently trading in the $2 range; a gain of 102% in a little less than a month.

I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.

http://www.smallcapnetwork.com/Multiple-Deals-in-a-Week-and-a-New-CFO-PINK-JBII/s/via/14/article/view/p/mid/1/id/447/

1 comment:

  1. New CFO from experience in senior positions of two Big 4 auditors...must have seen something interesting with JBII financially. Why leave the corporate world for a start-up if you don't see an amazing future ahead. Great choice JBII!

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