as a follow on .. this is part of a conversation a

as a follow on .. this is part of a conversation another long and i had today

post pertains to *time lines* that are *realistic* for those of us
who've walked the start up walk

and realize this post contains some facts and some speculation
but then that to me is what a SMB is all about b4 they are perverted

the givens by me

potential buyers' (plural) feed stock was successfully tested from Aug - Dec 2013

AGM held in Dec 2013 .. *confidence* *imo* in place out of mgmt and JB

speculation by me

suspect pricing ironed out for at least 2 P2O buyers by late Dec 2013

but first the deadwood carried over till EOY had to be dealt with b4
other aspects could be addressed

i also speculate that it was cheaper to shut down facility for 2 to 3 mos

fact ..

material agreement entered into 2.24.14
http://jbii.ir.edgar-online.com/fetchFilingFr...;Type=HTML

speculation

is that definitive agreement connected to this via 7.1.14 update ..

Quote:

---

Most notably, the Company is working very closely with a highly regarded national engineering firm and its clients to complete sales of processors, which such firm is currently qualifying the JBI 'Flagship Processor' for sales to its clients. The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components. In addition to its sales assistance, Company Management anticipates having the engineering firm install, operate and maintain processors as well as provide all auxiliary support systems. This will enable Management to focus on potential customer implementations. The Company has refined its 'Flagship Processor' to commercial ready standards and it is ready for sale.

---

fact

CFO 8k'd mid March .. @ 150k (50k of which is in stock) what did he know?

clearly *this* as was noted in the Q just filed

Quote:

---

As of March 31, 2014, the Company has committed to purchase certain pieces of key machinery from vendors related to the future expansion of our operations. In addition to the payments made to these vendors classified as deposits on assets, the Company will be required to pay approximately $495,000 upon the delivery of these assets

---

so what would the time line going forward be?

imo >>

FINRA (housekeeping) .. i'd expect next week ..

Q2 FILED >> imo if NT is filed it's because anticipated *funds* haven't been received

what anticipated funds you ask ..

well if they've sold 4 and 5 .. and the components are to complete
from 75% to 100% .. then a definitive agreement initially done
with prior name (to be finalized @ name change) would have
*imo* a percentage down received in by P2O within 90 days
of expected delivery and install


so let's use the most consistent price tag noted in 2014 >> twice

$9M .. (fill in what ever amount suits)

i'm using 25% received in by EO July (30/31)

that is 2,250,000


realize that this is the 3rd Q (July to Sept)


my fellow investor and i did not share agreement re: time line
i run conservative >> longer time line >> fellow investor runs a
shorter time line

but my thinking was .. after Finra and Q are dealt with

we'd get the 8k out just after Labor Day on the company noted in the 7.1.14 update .. (Labor Day is early this year) the 2nd of Sept works

by the EO Sept or early into Oct (2 separate Qs) I'd expect first prox sale to be 8k'd (as in a fait accompli)

then BoD seated

then 3rd Q filed (Nov)

then 2nd prox sale 8k'd

if this scenario runs close to reality i'd expect mgmt change out by
the EO of Q1 FY 2015

with uplisting out of the cesspool within 2 Qs' of mgmt's change out

link to filings

http://www.plastic2oil.com/site/sec-filings

4kids