Instead of going on about JBII.PK and what they are doing and trying to do, a comparison to another company that has been there done that over time might be easier to show people where JBII.PK is probably headed over time.

BCON has a flywheel technology that looks quite interesting in an environmentally 'green' way. It has brought in a lot of IMO Big Dumb Money thru shares issuance and equity raises to fund things. Unfortunately (IMO) a good chunk of Dig Dumb Money is taxpayer money the government saw fit to give and/or loan to BCON as it continues its cash burn.

JBII.PK has also done several equity raises with a little BDM although it has been publicly reporting for a much shorter timeframe and I don't think has yet hit the BIG gold mine of Dig Dumb Govt taxpayer money yet.

Much like the last comparison I did with ALIF.OB (the 'older' company) and MLKNA.PK (the 'younger' company), I think BCON represents the older 'been there done that' comparison with JBII.PK being the younger company destined to a similar fate.

Here's a chart of BCON over time (compare this with JBII.PK's later):

http://finance.yahoo.c...=

It had a high in the $90s/share early on around 2001, then fell hard but was able to recover to the $30+ range.
Since then it has faded all the way to under $2/share, doing equity raises as it burned thru cash in pursuit of breakthrough flywheel technology for the electrical grid.

Sure there were some big up spikes for BCON along the way but why did the share price fade so much over time?

Simple, it has occassionally been able to market the flywheels technology idea but only in fits and starts and with one serious caveat- it has NOT done so profitably for any sustained period of time.



Now look at JBII.PK- even the longs and stock promoters (there are many) are mentioning how the market value is very much dependent on the whole plastic to oil concept. Excuse me, plastic to naphtha now I guess. I have not kept up much on JBII.PK lately.

Here's a chart of JBII.PK over time:

http://finance.yahoo.c...

For sake of simplicity, I will remove JBII.PKs other operating units since they are minor given the market cap valuation and have recently mostly been losing money.
Just concentrate on the plastic to naphtha.

IMO there are some striking similarities with JBII.PK and BCON.

Muhc like BCON, there is an actual concept that can function for JBII.PK (IMO unprofitably although could be heavily subsidized by Big Dumb Govt money).
People are throwing out wild growth numbers and potential for the company based on the functioning concept.
I saw similar projections/things said with BCON years ago.

There have been several equity raises as both companies burn thru cash.

BCON has actually sold product and/or recieved funding so is steps ahead of JBII.PK but JBII.PK is still early on.

Even in doing so, BCON continues it's share price decline long term for investors.
A similar fate is quite likely with JBII.PK long term shareholders IMO.

I would only change my personal outlook on JBII.PKs long term fate if they could show sales of product that was something more than a token $1mill or $2 mill amount (they burn thru more cash than that every year so far so even a 100% profit on every penny of revenue from fuel would yield losses under that scheme).

I highly doubt JBII.PK will ever get there (profitable). At least not on a sustained level. There is the slight chance Big Dumb Money company comes along and offers to buy out the company so hope springs eternal for the promoters.

We'll see where things are in a couple years for common share investors and see if JBII's future is destined to a fate similar to BCON.

So far I have been spot on with JBII.PK from an operations standpoint (no major revenues from fuel and/or profitable fuel sales) and over time operational performance obviously tends to drive shareholder value.

That is why I think long term JBII.PK is eventual dead money barring a buyout or something.


All IMO of course.

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