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To: Steady_on who wrote (15587)12/19/2011 6:33:23 PM
From: SteveFRead Replies (1) | Respond to of 53574
 
Cash flow positive is another issue. that might happen by the end of Q2 '12.

Six months before #2 and #3 are built and operating? Why?



To: Steady_on who wrote (15587)12/19/2011 6:40:30 PM
From: SteveFRead Replies (1) | Respond to of 53574
 
Six months ago you said this:

Steady_T Member Profile Steady_T Member Level
Saturday, June 18, 2011 12:28:58 PM
Re: the big guy post# 114614
Post # of 148616

If one were to take a reasoned look at the number of items that JBI has accomplished in the last 6 months, things that are required items on the path to success and profitability, one would conclude that as a start up JBII is moving forward with a steady increase in momentum.

A cursory analysis will show that the announced contracts are not sufficient to make the company profitable. It will however show that the company can sell it's product and it can get an excellent price for it's product.

The next step in the march towards profitability was announced at the AGM. Once two additional processors are brought on line, JBI will have sufficient production capacity to become, as the CEO put it, cash flow positive.

"house of cards" .... not so much. More like an excellent foundation.