The PR confirms exactly what TBG and myself have b
Post# of 43064
Posted On: 07/13/2014 8:25:38 PM
The PR confirms exactly what TBG and myself have been posting for awhile now. JBI is nothing more than an equipment vendor in the broad scheme of things. That means that if a 3-cluster processor cost 9 Million to the Owner as per the SAIC Summary document, the share of that that will go to JBI is maybe 2 -3 Million. Of that, JBI may profit from $500k to 1 Million. It is just common sense.
This statement in the PR confirms this:
"The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components."
When TBG worked in the industrial gases area in a company they had a Technology division that did exactly that so myself and TBG are uniquely qualified to speak with authority on these matters. That plus our combined 10 years experience in Capital Markets.
I am sure I am not the sole authority, just one of very few posting it seems.
I think the question is when are the Longs going to admit defeat? more importantly, when is the company going to admit defeat and stop ripping people off? These machines are not profitable.
JBI has indeed been improving it's machines for 5 years and gotten nowhere. It is a great worthless machine.
The sad fact is that if JBI had partnered with a national engineering firm 5 years ago they would not be where they are today. They would not have wasted that money because any reputable engineering firm would have told them it wold not be profitable.
The engineering firm is probably doing a full set of construction drawings. Along with that is profitability analysis. In other words, what should have been done in the first place.what was required in the first pace.
I am not sure who is paying them and what the end goal is. I would suggest that PR has a lot to do with it. I can't imagine an Owner end customer ponying up for this work with a profit incentive.
The engineering work is approximately 30% of the total. A good portion is done, but it is still major bucks.
This statement in the PR confirms this:
"The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components."
When TBG worked in the industrial gases area in a company they had a Technology division that did exactly that so myself and TBG are uniquely qualified to speak with authority on these matters. That plus our combined 10 years experience in Capital Markets.
I am sure I am not the sole authority, just one of very few posting it seems.
I think the question is when are the Longs going to admit defeat? more importantly, when is the company going to admit defeat and stop ripping people off? These machines are not profitable.
JBI has indeed been improving it's machines for 5 years and gotten nowhere. It is a great worthless machine.
The sad fact is that if JBI had partnered with a national engineering firm 5 years ago they would not be where they are today. They would not have wasted that money because any reputable engineering firm would have told them it wold not be profitable.
The engineering firm is probably doing a full set of construction drawings. Along with that is profitability analysis. In other words, what should have been done in the first place.what was required in the first pace.
I am not sure who is paying them and what the end goal is. I would suggest that PR has a lot to do with it. I can't imagine an Owner end customer ponying up for this work with a profit incentive.
The engineering work is approximately 30% of the total. A good portion is done, but it is still major bucks.
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