Delusion of the Month! Personally, I have co
Post# of 43066
Posted On: 03/01/2013 2:57:55 PM
Delusion of the Month!
Personally, I have come to the conclusion that
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Dr GoldSmith Friday, March 01, 2013 2:51:16 PM
Re: Rawnoc post# 216692 Post # of 216696
Personally, I have come to the conclusion that the RockTenn deal isn't really a deal at all.
You see, we have looked into the possibility of recovering waste plastic from RockTenn from these so called monofills and have found that there isn't any plastic of value in them... why you ask? Simple, RockTenn is quite good at recycling and they profit from it at the top of their class, they do not discard anything of value on the recycle market.
Now I do find it interesting that this rumor has spread to become a central point of redemption for people that try to justify away THE FUNDAMENTAL PROBLEM.
Problem is that the alleged 'deal' was actually with a company called SmurfitStone which was acquired by RockTenn. This in itself does not mean that JBI has any 'deal' with RockTenn or if RockTenn can/will honor it under the circumstances.
Second, it is interesting that the new CEO was formerly employed by RockTenn... hmmmm
Seems that a bit of inside communication and a little spin can launch quite a story to help make JBI look good to investors (sounds like a media credit issue revisited to me, how long until the SEC is back in the picture here)
Third, THE FUNDAMENTAL PROBLEM REMAINS, if there was plastic at RockTenn IT WOULD STILL BE WORTH MORE THAN THE OIL THAT CAN BE MADE FROM IT!
Personally, I have come to the conclusion that
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Dr GoldSmith Friday, March 01, 2013 2:51:16 PM
Re: Rawnoc post# 216692 Post # of 216696
Personally, I have come to the conclusion that the RockTenn deal isn't really a deal at all.
You see, we have looked into the possibility of recovering waste plastic from RockTenn from these so called monofills and have found that there isn't any plastic of value in them... why you ask? Simple, RockTenn is quite good at recycling and they profit from it at the top of their class, they do not discard anything of value on the recycle market.
Now I do find it interesting that this rumor has spread to become a central point of redemption for people that try to justify away THE FUNDAMENTAL PROBLEM.
Problem is that the alleged 'deal' was actually with a company called SmurfitStone which was acquired by RockTenn. This in itself does not mean that JBI has any 'deal' with RockTenn or if RockTenn can/will honor it under the circumstances.
Second, it is interesting that the new CEO was formerly employed by RockTenn... hmmmm
Seems that a bit of inside communication and a little spin can launch quite a story to help make JBI look good to investors (sounds like a media credit issue revisited to me, how long until the SEC is back in the picture here)
Third, THE FUNDAMENTAL PROBLEM REMAINS, if there was plastic at RockTenn IT WOULD STILL BE WORTH MORE THAN THE OIL THAT CAN BE MADE FROM IT!
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