Posted On: 06/10/2014 10:15:19 AM
Post# of 43065
Re: techisbest #9129
Yes, JBI repeated the $10/bbl claims from 2009 right through to the end of 2012 in most of their PRs and NRs, for almost four straight years. This was typical of what they were telling investors during all of that time, to convince them to buy and hold shares:
March 19, 2012
" Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day. It has signed lucrative deals to set up operations next to companies with large volumes of plastic waste. "
http://www.npr.org/2012/03/19/147506525/start...ds-a-niche
March 19, 2012
" Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day. It has signed lucrative deals to set up operations next to companies with large volumes of plastic waste. "
http://www.npr.org/2012/03/19/147506525/start...ds-a-niche
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