Very nice job clearing up the mumbo-jumbo. In recognition of that effort I have a little speculation to consider.
From a January 8-K:
Termination of Recycling Center Lease
On January 15, 2016, the Company entered into a Surrender of Lease agreement which terminated its lease, dated December 1, 2010, between Avondale Store Limited Properties and JBI, (Canada) Inc. relating to the Company’s premises located at 1786 Allanport Road, Thorold, Canada. The effective date of the termination was October 31, 2015. The premises was the site of the Company’s Regional Recycling Center, which was part of a business line that was discontinued by the Company in 2013. The Company anticipates the termination will save approximately $1,161,360 in lease payments over the original life of the lease which had a term ending on December 1, 2030. The Company will remain liable for unpaid rent of approximately $49,180, covering the period from May 2016 to October 2016.
Any chance the company and Avondale decided to clear up that last little liability ($49,180) with shares?
A few days ago we were graced with this information:
As of 7/22/2016
Authorized shares: 250,000,000
Issued and Outstanding: 124,756,158
Restricted Shares: 35,247,943 -1,744,250
Float: 89,508,215 +1,744,250
Six months (aka one restriction period) ago the share price ranged from $.019 to $.029 (1/5-1/22). 1,744,250 shares with a total value of $49,180 would have been priced at $.028.
Was Avondale our mystery seller? Or is all of that stuff just a coincidence?
Ralph Wiggum: I cheated wrong. I copied the Lisa name and used the Ralph answers.
