You could be right, since your always been a great rock turner and patent finder. However, the earlier 1/2 of the 1-year chart shows a lot of stability around $1. The following rise and retrace seems to follow the PR issuances (..typical of these companies..) even though the volume was generally down from the end of 2009 until just recently. Coincidentally, the bash efforts started rather recently also, suggesting that a good portion of the volume could be associated shorting and related flipping <9>(aka: another Puke-O-Mania re-run).
Again, the black-box catalyst may or may not make a difference compared to similar to P2O and T2O efforts. But the diversification in data recovery, the NASA name recognition, plus the fact that they seem to be shipping product (vs. a USSE, etc.) suggests the Bordynuik, et al, could well pull it off.
The what-appears-to-be-fair-value-received PP ("..JBI, Inc. (the "Company") (OTCBB:JBII) announced Friday that it has completed a private placement. A total of 488,779 shares were sold at $4.00 per share allowing the Company to raise a total of $1,955,116. JBI CEO John Bordynuik commented, "The money raised in this placement will allow JBI to run all continuing operations and support development of our Plastic2Oil rollout..") and upgrading to a larger accountancy to get the currently delayed filing out seems to make sense. Beats ye ol' toxic death spiral and the infamous 'Boca Raton one-man-band, brother-in-law-bookkeeper' routine, aye....; ha ha ha.
Again, it's going to be fun to watch. Especially, if they continue to make progress despite the concerted efforts of 'all the usual' Nattering Naybobs of organized Negativism.
No position, by the way.
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