False and misleading? Hardly. And especially not i
Post# of 43066
Posted On: 03/21/2014 8:15:07 PM
False and misleading? Hardly. And especially not in comparison to the false and misleading information that JBI has fed to investors over the years. I have taken a fair stab at this, reading both the Shareholder's Meeting Minutes and the last Financial Report. Tell me, why was the Q&A removed from the website? Is it because JBI does not want to be held accountable for it?
What I post is good information with backup from the research I have done as well as based on personal experience, which is something I cannot prove in this forum. I am experienced as a Controls person in an Engineering and Construction environment. Here is what I know based on my research of the status of units 4 & 5 as of the time of the ShareHolder's meeting and last Quarter:
- JBI books showed 1.2 Million in Construction in Process
- JBI had one piece of equipment at the supplier's shop incomplete, another ready for shipment.
I know that that means that the piece ready for shipment is 60% Complete, the other is less because work remains. Take it or leave it. Adding some Engineering and PM Cost, they are likely 20-30% Complete Units 4 and 5, or were at that time. The Cost is likely 3 to 4 Million, which when sold with markup may yield a 5 or 6 Million sale. If it can be shown to be profitable, which is another matter.
Here is what has been said:
- based on that information at that time, JBI is 75% Complete.
- JBI is selling the units for 8 or 9 Million, which implies a much higher value and cost.
All I am saying is show me more information that supports the argument. I will look at it objectively.
It is too bad that investors are having to put together a positive spin from whatever sources they can find. IMO that is not useful objective, comparative, research on a company.
Here is a partial list of the false and misleading information resleased by JBI since 2009:
- JBI can make oil for $10/ barrel and sell it for WTI-$3
- JBI will launch a media blitz with it's media credits and sell lots of javaco and Pakit product.
- Javaco and Pakit will provide a "floor' for the stock and make money
- a fleet of P2O ships will clean up the worlds oceans and various ports of call
- JBI will make scads of money from the tape business while p2O gets going, including using the used tapes to make oil... LOLOL..
- There will be 45 sites in Florida
- There will be a 3-cluster installation in Jacksonville that will kick ass to the tune of an EBITDA of 28 Milllion.
- JBI allowed the SAIC Summary to leak via the internet, then indirectly claimed it was authentic by stating that it cannot be relied upon, thereby promising great things with no accountability whatsoever
So who is being misleading?
99% of the information out there available to investors is being paid for by the company being promoted. Good luck seeing your way through the fog.
What I post is good information with backup from the research I have done as well as based on personal experience, which is something I cannot prove in this forum. I am experienced as a Controls person in an Engineering and Construction environment. Here is what I know based on my research of the status of units 4 & 5 as of the time of the ShareHolder's meeting and last Quarter:
- JBI books showed 1.2 Million in Construction in Process
- JBI had one piece of equipment at the supplier's shop incomplete, another ready for shipment.
I know that that means that the piece ready for shipment is 60% Complete, the other is less because work remains. Take it or leave it. Adding some Engineering and PM Cost, they are likely 20-30% Complete Units 4 and 5, or were at that time. The Cost is likely 3 to 4 Million, which when sold with markup may yield a 5 or 6 Million sale. If it can be shown to be profitable, which is another matter.
Here is what has been said:
- based on that information at that time, JBI is 75% Complete.
- JBI is selling the units for 8 or 9 Million, which implies a much higher value and cost.
All I am saying is show me more information that supports the argument. I will look at it objectively.
It is too bad that investors are having to put together a positive spin from whatever sources they can find. IMO that is not useful objective, comparative, research on a company.
Here is a partial list of the false and misleading information resleased by JBI since 2009:
- JBI can make oil for $10/ barrel and sell it for WTI-$3
- JBI will launch a media blitz with it's media credits and sell lots of javaco and Pakit product.
- Javaco and Pakit will provide a "floor' for the stock and make money
- a fleet of P2O ships will clean up the worlds oceans and various ports of call
- JBI will make scads of money from the tape business while p2O gets going, including using the used tapes to make oil... LOLOL..
- There will be 45 sites in Florida
- There will be a 3-cluster installation in Jacksonville that will kick ass to the tune of an EBITDA of 28 Milllion.
- JBI allowed the SAIC Summary to leak via the internet, then indirectly claimed it was authentic by stating that it cannot be relied upon, thereby promising great things with no accountability whatsoever
So who is being misleading?
99% of the information out there available to investors is being paid for by the company being promoted. Good luck seeing your way through the fog.
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