The company has gone thru yet another auditor. Can't keep track of hoew many it has been.
Ridiculous.

The promoters/pumpers are touting what looks like a meaningless Letter of Intent that doess not even identify the other party in the LOI (probably doesn't matter anyways).

What's worse, the LOI is not even for basically diesel fuel sales (what the promoters/longs have been touting as what the company was trying to do up until basically today).

Now suddenly a change of plans and it is naphtha they are targeting for sales. Don't remember the pumpers bringing up naphtha so shows how cluelessly they roam.
Not a surprise.

Had a feeling that's about where they (JBII) would head to because further refining the goo they are producing would not be cost effective and would just bleed even more of the company's dwindling PIPE-raised cash.
I doubt they'll even be able to sell 'naphtha' or whatever for a sustainable profit.

Naphtha can be further refined into gasoline but like mentioned that costs lots of money.

This company is going to be worth a lot less in 6-9 months.

Too bad they never got their act together enough to uplist to a major exchange where they may be more readily shorted.

That paperprophet guy on Yahoo has JBII nailed down pretty well. Kinda like Muddy Waters with CCME except possibly a bit more on the mark with JBII than MW on CCME.

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