Do you really believe this statement? "Kind of

Do you really believe this statement?

"Kind of like the info that SAIC received and based their conclusions on. "

I can't believe it. These are professional people. That means they have professional reputations and take a certain amount of pride in their work. Why would they accept assumptions from someone else and make projections based on them? It would be more damaging to their reputations than any short-term compensation. What would be the motivation of whoever it was in leaking the document? That is obvious... someone wanted it to get into the public domain to help JBI.

"And which were later claimed by the company to be nothing to hang a hat on."

Does this disclaimer make any sense? No. These projections are supposed to be forward-looking. The basic assumptions don't change that fast. I could believe that when base metals prices crashed last year some of these projections for mining companies had to be reexamined, but that has not happened here.

Why did JBI publish the disclaimer? Two reasons I can think of; by publishing that disclaimer it draws attention to the SAIC Report, and indirectly, it proves the authenticity of the report. It is a great pump for the stock. And at the same time, it gives JBI plausible deniability.

So what does simple deductive reasoning tell you? If you are looking at possibilities, if the one that seems least likely is the only one that fits the facts, then it must be true.

The hypotheses that JBI gave SAIC a bunch of assumptions to use in preparing this report cannot be true. The performance of the processors proves it is not true.

To me, the issuance of the disclaimer by JBI makes them complicit to some extent.