No offense taken and I certainly understand your frustration. I try to temper my JBI sentiments. First, by know means do I believe this is a scam. I have been to the plant too many times, met too many people.... Do imthink their have been managerial missteps? Absolutely. The workforce the first couple years was way too much, IMO. Money was not spent wisely. Heddle certainly has brought that under control to say the least. Numerous business decisions, which some say are questionable, have led to way too much litigation. Is some of this intentional to stop P2OA. Possibly. Certainly a case could be made to that effect. Over exuberance has certainly led to expectations that have not been met. If pyrolysis were easy it would have been done years ago. But make no mistake about it, to say it can never be done profitably is naive. History has shown over and over that the impossible often becomes accomplished.
Certainly even the longest longs aren't pleased with the current SP. But, personally, I think the decision to pursue processor sales is the right one, as I believe the biggest hindrance to profitability is the logistics and transportation of suitable feedstock. Suitable feedstock....hmmmm. The fact that the company cannot process absolute waste plastic is certainly an issue. And goes to the core of the original mission of P2O. I DO NOT think that this makes P2O a failure. BUT it certainly should change shareholders PPS expectations.
Machines sold to companies with usable feedstock, outside of NYS which is over regulated, would certainly be able to process plastic with HTF and make a profit or at the least break even and clean up some landfill space. Out of the country would probably be even better when considering regulatory requirements. As I have stated for a few years, the best scenario, again IMO, would be a venture with the government and Armed Services. I have made that case previously, so I won't waste anyone's time on that.
P2O can survive and be successful. But it needs proper management with a determined vision. The new CFO is a start. He needs to get the K filed. After reading the annual DEC report, most can figure out that it will be a,disaster. Personally, I think the Q1 will be even worse. We were told in Q4 that the severe weather had caused the plant to shut down. Well, considering the fact that the Western New York area had the coldest and harshest winter in nearly 35 yrs, my guess little or nothing was produced in Q1. Beside they laid nearly everyone off, due to the change in the business plan and the focus on sales. So Q1 will be abysmal. Get it out and move forward. Shareholders are grown ups. Get the filings done, stand up and lay it all out there. Heddle was hailed as a stand up guy. He needs to live up to that.
Best of luck fellow longs.
C911
Certainly even the longest longs aren't pleased with the current SP. But, personally, I think the decision to pursue processor sales is the right one, as I believe the biggest hindrance to profitability is the logistics and transportation of suitable feedstock. Suitable feedstock....hmmmm. The fact that the company cannot process absolute waste plastic is certainly an issue. And goes to the core of the original mission of P2O. I DO NOT think that this makes P2O a failure. BUT it certainly should change shareholders PPS expectations.
Machines sold to companies with usable feedstock, outside of NYS which is over regulated, would certainly be able to process plastic with HTF and make a profit or at the least break even and clean up some landfill space. Out of the country would probably be even better when considering regulatory requirements. As I have stated for a few years, the best scenario, again IMO, would be a venture with the government and Armed Services. I have made that case previously, so I won't waste anyone's time on that.
P2O can survive and be successful. But it needs proper management with a determined vision. The new CFO is a start. He needs to get the K filed. After reading the annual DEC report, most can figure out that it will be a,disaster. Personally, I think the Q1 will be even worse. We were told in Q4 that the severe weather had caused the plant to shut down. Well, considering the fact that the Western New York area had the coldest and harshest winter in nearly 35 yrs, my guess little or nothing was produced in Q1. Beside they laid nearly everyone off, due to the change in the business plan and the focus on sales. So Q1 will be abysmal. Get it out and move forward. Shareholders are grown ups. Get the filings done, stand up and lay it all out there. Heddle was hailed as a stand up guy. He needs to live up to that.
Best of luck fellow longs.
C911
