Posted On: 11/03/2013 12:53:07 PM
Post# of 43065
well.. I for one can say that I have absolutely no financial interest in JBI. To me, this is just a fun way to spend a Sunday. And maybe to engage in a little bit of talk about stocks where I may have some influence, within the confines of the rules surrounding these sites, which are a bit restrictive.
ok then
You say that you "financial interest" is in the tech. Is that a fancy way of saying that you will invest in this falling knife because you think that the technology underneath is actually revolutionary and so it will actually work out for the investor? And you are saying that it will take years for this to occur?
i have no doubts about *years* .. what clearly matters as i've articulated previously is the first *pubco* that can show proof of concept .. (ie commercially viable) it's the 800 pound gorilla for this newly emerging sector .. as all things currently stand .. my money is on JBI via JBII for P2O .. i'm waiting for a handful of other co.s *imo* currently being groomed to come public for *true* comparisons to be made* .. when that comes to pass .. i'll chime in .. cause currently the only game in town is JBI >> no matter how often other co.s get touted (btw make no mistake .. I welcome competition and true comps)
This despite the fact that the initial promise of JBI was that:
- they had a magical catalyst that gave them a competitive advantage.
- they were within weeks of production.
- they could sell product within weeks for current market rates with a cost of $10/barrel.
- in the meantime, until P2O got up and running, they had a great tape-reading business that would be wildly profitable.
- they had some great subsidiaries that would provide a "floor" for the stock price.
so APPLE should have stopped with their first system designed?
is there any realization that aspects change with testing and feedback?
(that feedback is from both internal and external sources)
apparently not .. which is why i see little value in engaging in *dialogue*
because it's clear to me that there is no realistic knowledge of a start up in transition
The reality:
- There is little evidence of a magical catalyst. It has not been mentioned in financial reports for years.
- They were just tinkering and were years away from meaningful production. They still might be years away. We will find out soon. Processors #1 and #2 were not commercially viable, just prototypes that "wore out" under use. Snicker... these things do not wear out, they just require more maintenance.
- their financial statements reveal that they are a huge money-loser, such that the recent changes won't really make much difference. Sometime back Biggy found a site where one could find sample financial statements by industry. Biggy chose refining (closest thing to JBI) and posted same on another board. No response. JBI financials are nothing like a refiner. They are probably including costs in SGA which are product-related.
- the tape business turned out to be a joke and was discontinued.
- the subsidiaries were money-losing and were sold (at a loss) because they needed cash.
that is your reality .. comp JBI to KiOR .. and tell me what you see .. (it won't be a true comp but it will suffice to prove the point)
I see a company (JBI) solving 2 problems and checking off another box that most *value* .. I don't expect seamless from legit OTC co.s including JBI who've *imo* had more than the usual/typical *attn* given to it .. what I want to see each Q is *progress to the process* >> what I expect is a detailed filing on P2O's ops (current version is 3.0) when proof of concept is achieved (commercial viability) .. that filing will answer some questions and raise additional ones ..
Lastly I don't view *investing* as a team sport .. which is why I have little interest in *debating* .. Each of us will have different times lines in play >> to say nothing of real world business experience (backgrounds) to understand what is being done and why ..
Where the co. can help themselves is to be as transparent as possible >> when possible .. but i have no doubts that which works for Crayola may well be *tweaked* for another feed stock source completely .. which is why I want to know more details about what RH first hinted at @ his first *brief* CC .. sale of prox ..
See that is how it works for me .. RH has been ceo of JBI since 8.14.13 .. this will be his 2nd CC as ceo .. that to me is *progress*
I will let you know on 11.12.13 .. if there is *progress with the process* QoQ ..
4kids
ok then
You say that you "financial interest" is in the tech. Is that a fancy way of saying that you will invest in this falling knife because you think that the technology underneath is actually revolutionary and so it will actually work out for the investor? And you are saying that it will take years for this to occur?
i have no doubts about *years* .. what clearly matters as i've articulated previously is the first *pubco* that can show proof of concept .. (ie commercially viable) it's the 800 pound gorilla for this newly emerging sector .. as all things currently stand .. my money is on JBI via JBII for P2O .. i'm waiting for a handful of other co.s *imo* currently being groomed to come public for *true* comparisons to be made* .. when that comes to pass .. i'll chime in .. cause currently the only game in town is JBI >> no matter how often other co.s get touted (btw make no mistake .. I welcome competition and true comps)
This despite the fact that the initial promise of JBI was that:
- they had a magical catalyst that gave them a competitive advantage.
- they were within weeks of production.
- they could sell product within weeks for current market rates with a cost of $10/barrel.
- in the meantime, until P2O got up and running, they had a great tape-reading business that would be wildly profitable.
- they had some great subsidiaries that would provide a "floor" for the stock price.
so APPLE should have stopped with their first system designed?
is there any realization that aspects change with testing and feedback?
(that feedback is from both internal and external sources)
apparently not .. which is why i see little value in engaging in *dialogue*
because it's clear to me that there is no realistic knowledge of a start up in transition
The reality:
- There is little evidence of a magical catalyst. It has not been mentioned in financial reports for years.
- They were just tinkering and were years away from meaningful production. They still might be years away. We will find out soon. Processors #1 and #2 were not commercially viable, just prototypes that "wore out" under use. Snicker... these things do not wear out, they just require more maintenance.
- their financial statements reveal that they are a huge money-loser, such that the recent changes won't really make much difference. Sometime back Biggy found a site where one could find sample financial statements by industry. Biggy chose refining (closest thing to JBI) and posted same on another board. No response. JBI financials are nothing like a refiner. They are probably including costs in SGA which are product-related.
- the tape business turned out to be a joke and was discontinued.
- the subsidiaries were money-losing and were sold (at a loss) because they needed cash.
that is your reality .. comp JBI to KiOR .. and tell me what you see .. (it won't be a true comp but it will suffice to prove the point)
I see a company (JBI) solving 2 problems and checking off another box that most *value* .. I don't expect seamless from legit OTC co.s including JBI who've *imo* had more than the usual/typical *attn* given to it .. what I want to see each Q is *progress to the process* >> what I expect is a detailed filing on P2O's ops (current version is 3.0) when proof of concept is achieved (commercial viability) .. that filing will answer some questions and raise additional ones ..
Lastly I don't view *investing* as a team sport .. which is why I have little interest in *debating* .. Each of us will have different times lines in play >> to say nothing of real world business experience (backgrounds) to understand what is being done and why ..
Where the co. can help themselves is to be as transparent as possible >> when possible .. but i have no doubts that which works for Crayola may well be *tweaked* for another feed stock source completely .. which is why I want to know more details about what RH first hinted at @ his first *brief* CC .. sale of prox ..
See that is how it works for me .. RH has been ceo of JBI since 8.14.13 .. this will be his 2nd CC as ceo .. that to me is *progress*
I will let you know on 11.12.13 .. if there is *progress with the process* QoQ ..
4kids
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