AGM and P2O Production Machine Report: Part 1450 Shareholders attend JBII AGM. Plastic2Oil Production Machine Revealed.
Over 450 JBII Shareholders attended the AGM on Saturday, April 24. On Sunday, April 25, some
250 shareholders participated in the Plastic to Oil (P2O) Tour of the first Production Machine.
Annual General Meeting:
90% of JBII is owned by retail shareholders.
Many of them have devoted an incredible amount of time and energy towards helping the company succeed
Thank you very much. We have built a culture (more so corporate character) where everyone loves to come to work everyday. It is a lot of fun and challenging to execute quickly on something as complex as P2O. We take pride in our work and how our P2O runs. Many of our staff worked on the P2O machine, irrespective of their position. Mike Moneyhan ... See Moreworked countless hours on the P2O processor to learn everything about it for P2O marine. many shareholders helped make the AGM what it was and/or build/assist with P2O. Lisa Matheson did an awesome job setting up the AGM with little notice and less than a month to schedule and execute. We don't have a "it's not my job" nonsense. We get things done well because everyone works cooperatively towards one goal. I did not have time to prepare for the AGM or the tours as I was very busy with P2O. I provided some pictures, rough timelines and outline to Lisa and Amy... they placed the pictures in a presentation and I discussed what we encountered and learned over the past year and what our strategy is. Tours were the same. Q&A answered many questions. Our AGM was a great experience. Al Soussa told me he never saw such a shareholder turn out even when horizon went to a billion dollar company (maybe 150 shareholders -- we had well in excess of 400). It's wonderful our shareholders are passionate about our company -- they own it and clearly take pride in what we all own. Shareholders flew in from Argentina, Ireland, Switzerland, Europe, across the US and Canada, China, etc... It was an awesome experience.
JBII AGM: well over 400 people attended, will have an exact count next week. It was great to meet and talk with our shareholders collectively. I'm so thankful we have such a strong shareholder base to help take this company to the next level. Over 260 coming to P2O factory tomorrow. Thank you so much for all your support!
That's what this weekend's AGM was for me.
Humbling to see over 450 people turn out for the meeting.
Humbling to meet John, Jacob, Geoff, Al, Michael, Linda, Greg, Amy, and the rest of the management team and board, and discover just how bright, friendly, and motivated they all are.
Humbling to see the P2O machine up-close and running.
Humbling to see the evolution from the Blest prototype to the 20-ton machine, including all its iterations and improvements, in barely 9 months.
Humbling to see the fuel quality report posted on the wall of the P2O factory.
Humbling to hear how PhD chemists from IsleChem were themselves humbled at the results of JBI's P2O process and the efficiency of the catalyst.
Humbling to learn that there is no scrubber or filter on the exhaust of the P2O machine.
Humbling to mix socially with shareholders and JBI management on Friday for drinks at the bar; a group of people from all walks of life and all corners of the globe who believe 100% in John and this company, and who won't give up any shares for a long time to come!
And finally, humbling to see first-hand the result of all the hard work and dedication that the organizers of the AGM and P2O tours must have done in order to pull off such an large event (that was, incidentally, flawlessly executed).
There is simply nothing more to learn about JBI that will change my conviction that this is THE company of the decade. I'm all in, and thank all of you who helped me get there! Your insight has been very much appreciated. - Stu Miller
Plastic to Oil:
Small groups were bussed to the production facility where they viewed the machine in action.
Some 250 shareholders participated in the tour of the first Production Machine.
John Bordynuik explained how the process works, and revealed the LCD Control Panel
he designed to monitor the machine as it is running.
We saw the plastic feedstock that is processed, and were shown a sample of the diesel output.
For safety reasons, the observation was behind a glass window in a room next to the machine, however several people who had entered into a JV with the company got to view the machine up close and personal.
Here is one report:
For what it's worth, I got the up-close-and-personal version of the tour behind the blast wall. John turned the tap, and ... as you can expect... amber fuel poured out. It was very hot.
And very real. - Stu Miller