Serious questions. As of now there is neither
Post# of 43064
As of now there is neither the work force , feedstock supply, or cash on hand to run the processor to make any significant revenue.
They could not even fix the machines as of beginning of June due to lack of cash and let them sit idle for 7 months.
It's been almost a year of trying different ways to interest a buyer with no results.
So how much longer, in months, can they keep searching for buyers before Heddle has to face reality of no cash to continue and file Chapter 11 ?
Obviously there has to be a limit.
Money can not just keep going out and never coming in.
Even if some people are working for free that can not last forever either. It appears every cost reduction that could be done has been done to the point of stopping operations completely.
And if they do make a sale, how long will they have until another must be made ?
This new business plan is contingent on selling machines over and over with new buyers keeping the company alive and shareholders seeing increasing value to their investment.
And there doesn't seem to be much of a market at all after about a year of trying and finding no buyers.
So how often will they need to sell a processor ?
Splitting the profits with this engineering firm will not be the cash cow shareholders were expecting long term, and with the engineering firm running the processor nearly all the future revenues are going to be distributed to them and not JBI. Heddle completely altered the original sale parameters, and thereby resulting profits to JBI alone, he laid out in the Con Call in Dec 2013.
Yes there might be some royalties and such, but they will be never amount to tens of millions a year.Definately not on a sale based the $8-9 million that is what shareholders seem to believe. Maybe a million at most per year based on that sale figure and the ensuing split with this unknown engineering firm.
So what is a stock worth for a company that makes a couple of million a year and has a share count of 250 million ?
About .$.05-$.10 cents in true value ?
So what is the long term plan and how many machines need to be sold every year ?
Obviously they are going to need to keep selling machines every year for any chance of survival.
So how many and how often ? Because right now there really does not seem to be much of a market for even one. Let alone many over and over and over.
There are some gaping holes in this new business plan for any significant returns to shareholder value.