If what you are trying to tell me is I am down on

If what you are trying to tell me is I am down on this investment then I guess thanks for the reminder. Let me give you my initial take on why I invested and why I continue to hold.

1) This sector is going to be very lucrative at some point. I think I have invested a little early. All of my investments in this sector are purely speculative.

2) JBI has a relatively low and stable share count. More on that in a bit.

3) Like I say I like Heddle. I understand your points however on this ship is now his responsibility and communicating clearly even if it is bad news is my biggest disappointment. I believed what he said regarding transparency when he came on-board.

4) Historically they have been able to raise money and raise money from some pretty significant players.

5) I do not believe the machines have to be profitable to be sold. I DO believe however they have to take plastic that is not recyclable and will take very little pre-processing. If they can keep the machines running for a quarter at decent through-put and up-time and break even that in my view would be good enough. That is why I wish they would get a machine on-site asap to do testing. I don't think short crippled runs are what buyers are looking for at this point.

Now I admit some things have shifted since I took my initial position. The share count could potentially go up significantly. They handled the machine shutdown in a very poor way and I do believe it should have been communicated. It is my opinion that was a material event. The OSC investigation in my view was a material event. No matter how you feel about it the OSC initially named the founder and the company in a complaint. How is that not material?

So for now I have a .10 support line and a guy at CEO who I believe is a solid businessman. Now I fully realize that .10 could go away this afternoon but again this is a speculative investment for me.