"Furthermore, the conclusions drawn by SAIC were b
Post# of 43066
Posted On: 06/19/2014 5:12:30 PM
"Furthermore, the conclusions drawn by SAIC were based upon a number of assumptions made at the time of the report that may be outdated or incorrect or that may prove to be incorrect in the future."
Exactly. Engaging SAIC to write a report based on JBI's assumptions served its purpose--it got PIPE investors to put in $10M based on SAIC's reputation even if the assumptions which SAIC was hired to work under rendered SAIC's report meaningless.
Some of the more astute investors would have wondered why JBI needed continued validation at all since there was already supposedly three years of testing and production up to that point supposedly showing fuel production at 90% gross margins. They had the data and theoretically only needed to plug the *real* data into a calculator rather than having SAIC operate under potentially faulty assumptions.
Once the goose is supposedly laying golden eggs, they just need to sell the eggs and pat the goose on the head, not bring in analysts to project the potential revenues under the management fed 'assumption' that the eggs are made out of gold.
Exactly. Engaging SAIC to write a report based on JBI's assumptions served its purpose--it got PIPE investors to put in $10M based on SAIC's reputation even if the assumptions which SAIC was hired to work under rendered SAIC's report meaningless.
Some of the more astute investors would have wondered why JBI needed continued validation at all since there was already supposedly three years of testing and production up to that point supposedly showing fuel production at 90% gross margins. They had the data and theoretically only needed to plug the *real* data into a calculator rather than having SAIC operate under potentially faulty assumptions.
Once the goose is supposedly laying golden eggs, they just need to sell the eggs and pat the goose on the head, not bring in analysts to project the potential revenues under the management fed 'assumption' that the eggs are made out of gold.
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