"If I was looking at what had happened over the pa
Post# of 43066
Posted On: 05/29/2014 11:40:40 AM
"If I was looking at what had happened over the past 5 years would I consider investing today. My answer is also absolutely yes. I have followed the company since the early table model days and seen JBI overcome all types of blocks to it's progress. If were new to the investment and all I had to go on is the negative statements and share price I'd have to say no. Thats why I want to see the bashers be held accountable for what they are doing to destroy the company. I also would like to see the shorters get taken down and suffer the consequences."
This poster has me on ignore but he's an absolute typical investor. He's sure bashers are taking down the company...but if you were to ask him he wouldn't be able to tell you the mechanism of how 'bashing' is stopping JBI's operations. He's sure that nefarious forces are "blocking" jbi, but that belief doesn't hold water either...and here's why:
If we look back to what was communicated as 'blocking' JBI, in 2009 the initial processor was supposed to be delivered by Donghe in August, 2009. That was inexplicably delayed by nine months. A rumor of an "asbestos glove" only gave a partial reason.
At that time (April 2010) all that was needed before full production of the processor was an air permit from the NYDEC to allow JBI to burn pyrolysis gases. While communication from Mr. Bordynuik implied the NYDEC was slow in issuing the permit, it really took JBI eight months to actually file the application. The application was only ten pages long. Mr. Bordynuik gave Senator Thompson a campaign contribution and Mr. Thompson sent a letter to the NYDEC urging them to hurry up...what could they do since they didn't even have the application?? Somehow after talking to Mr. Bordynuik, even Mr. Thompson was led to believe the actual problem was that the NYDEC was slow in issuing the permit, not that the application hadn't even been filed.
So in December 2010 after the air permit was received, JBI announced commercial production of the processor. Zero roadblocks left, JBI's processor finally in full production...or so investors thought. Not a peep of any problem or delay was mentioned to investors...not for eleven months.
So in November 2011, almost a year later, Mr. Bordynuik said the processor was kept offline because he was "enhancing" it to double the capacity and make the design more modular. Keep in mind this was purportedly an $80k processor purportedly clearing $10k/day or near $1M per quarter...and he said he decided to keep it offline for most of a year. Does that make any sense??
Further "obstacles": Offline for ram feed addition, offline to build processor #2. Off line to build pre-heat. Off line to test heat transfer fluid. Off line because of bad feedstock. Off line because the plastic was left in the rain. Off line to build processor #3...and last we heard processor #3 was in a very slow start up while the reason for processor #2 being off line is a mystery.
Now I urge investors to name one single, solitary obstacle which was created by message board posters...or even by any other outside forces. The air permit application, once received by the NYDEC, only held up JBI for twenty days. The lawsuit by the SEC and the lawsuit by the OSC for accounting fraud against Mr. Bordynuik and JBI shouldn't have held up production at all.
This poster has me on ignore but he's an absolute typical investor. He's sure bashers are taking down the company...but if you were to ask him he wouldn't be able to tell you the mechanism of how 'bashing' is stopping JBI's operations. He's sure that nefarious forces are "blocking" jbi, but that belief doesn't hold water either...and here's why:
If we look back to what was communicated as 'blocking' JBI, in 2009 the initial processor was supposed to be delivered by Donghe in August, 2009. That was inexplicably delayed by nine months. A rumor of an "asbestos glove" only gave a partial reason.
At that time (April 2010) all that was needed before full production of the processor was an air permit from the NYDEC to allow JBI to burn pyrolysis gases. While communication from Mr. Bordynuik implied the NYDEC was slow in issuing the permit, it really took JBI eight months to actually file the application. The application was only ten pages long. Mr. Bordynuik gave Senator Thompson a campaign contribution and Mr. Thompson sent a letter to the NYDEC urging them to hurry up...what could they do since they didn't even have the application?? Somehow after talking to Mr. Bordynuik, even Mr. Thompson was led to believe the actual problem was that the NYDEC was slow in issuing the permit, not that the application hadn't even been filed.
So in December 2010 after the air permit was received, JBI announced commercial production of the processor. Zero roadblocks left, JBI's processor finally in full production...or so investors thought. Not a peep of any problem or delay was mentioned to investors...not for eleven months.
So in November 2011, almost a year later, Mr. Bordynuik said the processor was kept offline because he was "enhancing" it to double the capacity and make the design more modular. Keep in mind this was purportedly an $80k processor purportedly clearing $10k/day or near $1M per quarter...and he said he decided to keep it offline for most of a year. Does that make any sense??
Further "obstacles": Offline for ram feed addition, offline to build processor #2. Off line to build pre-heat. Off line to test heat transfer fluid. Off line because of bad feedstock. Off line because the plastic was left in the rain. Off line to build processor #3...and last we heard processor #3 was in a very slow start up while the reason for processor #2 being off line is a mystery.
Now I urge investors to name one single, solitary obstacle which was created by message board posters...or even by any other outside forces. The air permit application, once received by the NYDEC, only held up JBI for twenty days. The lawsuit by the SEC and the lawsuit by the OSC for accounting fraud against Mr. Bordynuik and JBI shouldn't have held up production at all.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.