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

To: arvitar who wrote (27332)	8/11/2012 5:30:03 PM
From: techisbest	Read Replies (1) \| Respond to of 53574

No worries about what the next several PIPEs are going to do to the share structure and value? Not too many. Protecting the share structure is one of the things I respect. No concerns about the potential of SEC fines and disgorgements sending JBI into bankruptcy? Very few. The chances of this sending JBI into bankruptcy are slim to none at this point. Nobody thought it's a strange arrangement that the CEO of JBI will never be allowed to know anything about the Majik Katalyst, the linchpin of JBI's entire existence, and that secret is being kept and guarded only by Bordynuik, a guy who's proven himself to be completely incompetent and being sued for fraud? Protection of Plastic2Oil Trade Secrets. The Company has certain extremely valuable and confidential information in the nature of trade secrets relating to its Plastic2Oil processor (“Plastic2Oil Trade Secrets”). The Plastic2Oil Trade Secrets consist of know-how, formulas, designs and catalyst compositions. Currently, Employee is the only person with knowledge of these Plastic2Oil Trade Secrets. *Company and Employee agree that within three months of the execution of this Agreement, these Plastic2Oil Trade Secrets shall be known to Employee and one other employee* of P2O.** Such employee will remain nameless and only be known to Matthew Ingham, the Chief Financial Officer of the Company. Due to the sensitive nature of these Trade Secrets, no member of the Company’s Board of Directors or Executive Management shall be privy to this information. Any writings reflecting or relating to these Plastic2Oil Trade Secrets are now and shall in the future be kept locked in a bank vault. That bank vault shall not be opened, except in the event of the death or incapacity of Employee or the other employee and only then upon a resolution of the Company’s Board of Directors. Read more: faqs.org Ultimately I do not care about the existence of the catalyst. I only care that the results are as claimed. But I think the results could not be achieved without something that nobody else has. No concerns at all about the string of "deals" over the years that JBI announced, the basis on which many people made their investment, that have all vanished without even a mention? The Heddle deal is not dead. The Florida deal? Don't care. The deals I care about: RockTenn, Indigo Energy, XTR Energy. When real commercial production is in place the customers will be there. I am happy that Pak-It and Javaco are history. I will not be surprised to see JBI dropped as the company name in favor of Plastic2Oil. He will get what he deserves as the guy who oversaw the development of the technology. I am happy that he turned over the reins of the company. He may have brought in Rauber without the SEC being involved, but his role as CEO would not have changed. It's a lose-win for John. It's a win-win for shareholders.