I thought the strategy was to both sell fuel and p
Post# of 43064
Posted On: 06/12/2014 3:34:35 PM
Re: xxxxcslewis #9229
I thought the strategy was to both sell fuel and processors. The reason I thought this was because the company said it in their filing.
"A significant portion of our anticipated revenue for fiscal 2014 will be derived from the sale of fuel that we produce at our Niagara Falls, NY Facility, as well as from Processor sales."
And then they say:
"As discussed earlier in this MD&A, our processors are currently idle and, thus, we are not producing fuel or generating fuel sales. Our current cash levels are not sufficient to enable us to make the required repairs to our processors or to execute our business strategy as described in this Report. As a result, we intend to seek additional capital through the sale of our equity and debt securities and other financing methods to enable us to make the repairs. "
I am not as experienced with JBI as some of you. I invested when Richard Heddle became CEO. But it sounds like they have a strategy of selling fuel and selling processors and they cannot execute that strategy because they cannot make the necessary repairs. That is what the company says. Why would they say that if it were not true?
"A significant portion of our anticipated revenue for fiscal 2014 will be derived from the sale of fuel that we produce at our Niagara Falls, NY Facility, as well as from Processor sales."
And then they say:
"As discussed earlier in this MD&A, our processors are currently idle and, thus, we are not producing fuel or generating fuel sales. Our current cash levels are not sufficient to enable us to make the required repairs to our processors or to execute our business strategy as described in this Report. As a result, we intend to seek additional capital through the sale of our equity and debt securities and other financing methods to enable us to make the repairs. "
I am not as experienced with JBI as some of you. I invested when Richard Heddle became CEO. But it sounds like they have a strategy of selling fuel and selling processors and they cannot execute that strategy because they cannot make the necessary repairs. That is what the company says. Why would they say that if it were not true?
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