Posted On: 08/25/2014 2:59:28 PM
Post# of 43066
Re: mahatmapaul #12855
Another example today of poor/no DD in the propagation of the JBI myth.
Stocks4John Monday, 08/25/14 02:04:02 PM
Re: buenokite post# 272048
Post # of 272050
Madison County didn't terminate anything. JBI told them they changed their business model.
Reply:
buenokite Monday, 08/25/14 02:28:46 PM
Re: Stocks4John post# 272049
Post # of 272050
This is actually what Madison County said:
"They closed their preprocessing plant in Canada and said that unless Madison County can provide them with cleaner preprocessed material they can't process it. "Our contract with JBI Inc. should be terminated, said Zecca."
And indeed they did terminate the contract because JBI could not handle unwashed plastic even at the minimal amounts they were getting from Madison County.
"NOW, THEREFORE, BE IT RESOLVED, that the Board of Supervisors hereby authorizes and directs the Chairman to terminate the Contract with JBI, Inc. for cause."
FOR CAUSE: very serious. In this instance, Madison is asserting (successfully) breach of contract.
Stocks4John Monday, 08/25/14 02:04:02 PM
Re: buenokite post# 272048
Post # of 272050
Madison County didn't terminate anything. JBI told them they changed their business model.
Reply:
buenokite Monday, 08/25/14 02:28:46 PM
Re: Stocks4John post# 272049
Post # of 272050
This is actually what Madison County said:
"They closed their preprocessing plant in Canada and said that unless Madison County can provide them with cleaner preprocessed material they can't process it. "Our contract with JBI Inc. should be terminated, said Zecca."
And indeed they did terminate the contract because JBI could not handle unwashed plastic even at the minimal amounts they were getting from Madison County.
"NOW, THEREFORE, BE IT RESOLVED, that the Board of Supervisors hereby authorizes and directs the Chairman to terminate the Contract with JBI, Inc. for cause."
FOR CAUSE: very serious. In this instance, Madison is asserting (successfully) breach of contract.
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