Posted On: 05/12/2014 8:39:19 AM
Post# of 43065
"Chrysler conducted an extensive audit and continues to ship free plastic to our factory. After months of comprehensive due diligence, RockTenn (NYSE:RKT) executed a 10-year exclusive agreement for conversion of their waste plastic into fuel which has been measured at thousands of tons per day. In addition to many other local plastic feedstock sources, General Motors also continues to provide free waste plastic to our P2O facility."
Per Mr. Bordynuik in the 3Q2011 10-Q, all of this due diligence was done by various parties for months...yet somehow Mr. Bordynuik was completely unaware that the plastic wouldn't work in the processors and the other parties somehow didn't ask?? How is that possible?? What kind of DD was that??
"Management’s highest priority continues to be bringing processor #2 and #3 online so the Company can become cash flow positive."
I wonder what basis Mr. Bordynuik had in thinking that #2 and #3 being online would make JBI cash flow positive. Surely he had some sound reasoning with which everyone would agree was sound before it mysteriously fell apart for some unknown, but completely valid, reason.
I'm sure the business plans of the past weren't just whimsical fantasies of Mr. Bordynuik's mind, were they??
http://www.sec.gov/Archives/edgar/data/138110...11_jbi.htm
Per Mr. Bordynuik in the 3Q2011 10-Q, all of this due diligence was done by various parties for months...yet somehow Mr. Bordynuik was completely unaware that the plastic wouldn't work in the processors and the other parties somehow didn't ask?? How is that possible?? What kind of DD was that??
"Management’s highest priority continues to be bringing processor #2 and #3 online so the Company can become cash flow positive."
I wonder what basis Mr. Bordynuik had in thinking that #2 and #3 being online would make JBI cash flow positive. Surely he had some sound reasoning with which everyone would agree was sound before it mysteriously fell apart for some unknown, but completely valid, reason.
I'm sure the business plans of the past weren't just whimsical fantasies of Mr. Bordynuik's mind, were they??
http://www.sec.gov/Archives/edgar/data/138110...11_jbi.htm
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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