Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: Joseph B. Schmidt who wrote (25182)	5/28/2012 10:21:01 PM
From: PaperProphet	Respond to of 53574

"There should be no need to guess to make estimates of whether P2O is profitable or not. Didn't JB say in the last conference call the breakdown would be in the Q1 10-Q?" Absolutely. There should be a flag which goes up in investors' heads as to why there's no clarity on anything. Mr. Bordynuik is the gatekeeper for all information P2O. Steady_on himself trusts Mr. Bordynuik and pegs his own "maximum wrongness" at 50%. The problem was that in both the third quarter of last year and the first quarter of this year Steady_on's estimates were off by about a factor of ten and that number is only if the P2O revenues stated would actually be sales of plastic derived fuel. It's not his fault--he trusts that Mr. Bordynuik is being genuine. Nobody ever seems to wonder what still has to happen before Mr. Bordynuik expects full, continuous, commercial production by a pyrolysis processor as they trust that each and every delay announced by Mr. Bordynuik is an unfortunate yet isolated incident and won't happen again. They feel Mr. Bordynuik is honest when he continuously leads them to believe that he's on the cusp of production. One actual positive provided by Zardiw in 2010 for anyone who cares to listen was his contest of "guess the permit/production go-ahead date." 100% of the initial guesses were in June through August of 2010--and August was considered a stretch, especially since Mr. Bordynuik laughed at the "months away" comment as ludicrously long. Are we to believe that Mr. Bordynuik didn't have any clue about what he was communicating to shareholders or alternatively, if he did feel his communication to shareholders wasn't misleading at all, that he didn't realize that virtually everyone, based on his communications, incorrectly believed commercial production would be in a couple of months?? Is JBII's founder so inept that he can't figure out how to communicate information accurately to shareholders...or is he dishonest??