Fair enough. I would compare selling machines to N

Fair enough. I would compare selling machines to Nissan selling the Leaf (an all-electric car). I test-drove one. It is not a bad machine actually, but it has one major failing, and I don't think Nissan is in touch with the customer. It needs an overdrive, power on the highway. There is no reason why not to have it. Yes it will drain the battery, but it is necessary, for safety if nothing else. And they are not in touch. All the salesman talked about was recharge time. Who cares... range, man, give it some range. The two go hand-in hand...


Electric cars need the infrastructure to be in place before they can make it. I am not sure what the tipping point is... but I am talking a charger on every corner, much like a gas station. one has to be able to stop and top it up.


Besides that, the price point does not make sense...  


Bottom line... and I was told this, the only Leafs being sold right now are to Corporate VPs of Sustainable Development as a marketing ploy (company car). Great PR.     


The economics are not there... We would need to know how the mysterious line items like SG&A are derived, but from the financials it can be said that the machine on it's own is profitable. Not sure if it is intentional, but that seems to be the message. Personally, I don't believe it... there are too many details missing.  It looks like no other set of financials for a manufacturing organization or refiner that I have ever seen.


JBI could sell some machines to some companies as PR vehicles. IMO they would not be purchased with any thought of getting a decent ROI or for pure business reasons. The economics just are not there.


Couple that with a huge supply of feedstock (as you point out) and a few machines could be sold. I don't think it will net the kind of return that investors expect.     

Man, I would be asking some serious questions about the financials.  if they do not change....  this slide will continue.

The only realistic scenario I see is a mass layoff, the SG&A gone, and a sales force hired or some kind of partnership with a dealer network... who?

And I don't think it is ready to be sold as a constructable unit. Not fully commercialized to the point where it can be sold, shipped, and built to custom specs.