Plastic2Oil Inc (PTOI)

[The Rainmaker]

You are doing good work here, almost bought some today. One thing I couldn't figure out that held me back from buying. Hoping you can clear this up for me so I can look to get in........

Saw this PR:
310 Holdings Inc. Enters Into Definitive Asset Purchase Agreement With John Bordynuik Inc.

NIAGARA FALLS, Ontario, Jun 25, 2009 (GlobeNewswire via COMTEX) -- 310 Holdings Inc. (OTCBB:TRTN) today announced that it has entered into a definitive agreement to purchase certain assets of John Bordynuik Inc., including all of its intellectual property, its custom tape processing hardware, its Swahili data migration system, fixed assets, and its current customer base subject to certain closing conditions and adjustments. The consideration for the acquisition of the assets are restricted common shares of 310 Holdings Inc. equal to the value of the assets.

***So they did an asset purchase for all the assets of John Bordynuik Inc. Issued shares of TRTN for the John Bordynuik Inc. tape transfer assets.

This old filing for John Bordynuik Inc. said John owned 61% of JBI, there was a list of 150 other shareholders who invested in John Bordynuik Inc. Says he raised several million selling shares to those people. The other people owned around 20 million shares of John Bordynuik Inc.

My million dollar question is did those 150 investors from John Bordynuik Inc. who gave John millions of dollars to invest in his tape business get shares of TRTN when John sold the tape business to TRTN? Don't see anywhere in any filing for TRTN saying they did. Second question, how many shares of TRTN did those 150 people get?

http://www.sec.gov/Archives/edgar/data/1415602/000121390009000789/fs1_jbi.htm

FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

John Bordynuik, Inc.

JOHN BORDYNUIK HAS MAJORITY VOTING CONTROL OF OUR COMMON STOCK.

Mr. Bordynuik has the voting proxy for 61% of the voting stock of the Company. Mr. Bordynuik controls the voting rights for the 36,308,345 shares of the 58,621,250 issued and outstanding shares of our common stock.

From June 2008 through July 2008 the Company issued 6,045,750 shares of common stock for cash for a total of 6,045,750, or $3.32327972 per share.

From September 2007 through May 2008 the Company issued 1,190,500 shares of common stock for cash for a total of $427,964, or $0.47461611 per share.

Description of Business

Our wholly owned subsidiary JBI is an Ontario Corporation incorporated on February 10, 2006. JBI reads high volume legacy data computer tapes for large institutions and corporations. JBI is sole sourced by NASA and MIT to read their 7 & 9 track computer tapes written from the 1960’s to 2000. Millions of tapes were written during this period and the data has not been recoverable to date.

John Bordynuik, President of JBI, has developed the technology to read legacy data computer tapes and to extract and recover the valuable data contained therein. Mr. Bordynuik has built a strong reputation in legacy data recovery and has completed recovery projects for the NASA, MIT, UN Tapes, the Ontario Provincial Government, and other institutions and Fortune-100 companies and their founders. Mr. Bordynuik has assigned this technology to JBI.

JBI designed and manufactured a 40-foot mobile data recovery container complete with 18 drives, photographing stations, servers, air handling, tape dehydration systems, and rooms for tape libraries. This container is capable of reading in excess of 700 tapes per day and is designed primarily to remotely read large volumes of seismic data tapes for oil and gas as well as highly sensitive tapes for government defense departments.

Mr. Bordynuik has experience cracking encryption used to store data onto tapes and deciphering data for clients; this is extremely valuable in the process of legacy data recovery and provides a value–added service to customers. Usually, JBI’s services are required to decipher tape data after recovery. All data, sensitive or private, is stored in a secure location and viewed only by JBI. JBI employs Mr. Bordynuik’s software to decipher all data and convert it to modern file formats as requested by clients.

Mr. Bordynuik has developed technology to prove mechanically that the recovered data is 100% accurate. Prior to the development of this technology old media read on original equipment could not be validated and its output was generally poor.

Name of selling stockholder

Shares of common stock owned prior to offering

Shares of common stock to be sold

Shares of common stock owned after offering

Percent of common stock owned after offering
1264282 Ontario Ltd. (Jade Amusement) (1)

8,000

8,000

0

0%
1515437 Ontario Inc. (2)

200,000

200,000

0

0%
Anthes, Colin B.

20,000

20,000

0

0%
Anthes, Fiona

16,000

16,000

0

0%
Anthes (In-trust Emily C. Anthes), Thomas

16,000

16,000

0

0%


5

Anthes, Thomas Victor

200,000

200,000

0

0%
Bagley, Brenda (3)

50,000

50,000

0

0%
Barnett, Alan (4)

232,000

232,000

0

0%
Barnett, Tom

6,000

6,000

0

0%
Barnett, Holly

24,000

24,000

0

0%
Beam, Janet

4,000

4,000

0

0%
Best Real Estate Buy Inc. (5)

30,000

30,000

0

0%
Biamonte, Joseph

10,000

10,000

0

0%
Biamonte, Napoleon (6)

122,000

122,000

0

0%
Biamonte, Ralph

5,000

5,000

0

0%
Biamonte, Sarah

2,000

2,000

0

0%
Bjorgan, Chris

2,000

2,000

0

0%
Boric, Doug

8,000

8,000

0

0%
Boric, Dean

30,000

30,000

0

0%
Bosche, Donalda

30,000

30,000

0

0%
Bosco, Kelly

10,000

10,000

0

0%
Bosco, Larry

10,000

10,000

0

0%
Bourbonnais, Mike

20,000

20,000

0

0%
Brain, Kevin

116,000

116,000

0

0%
Brewster, Donna

3,000

3,000

0

0%
Brock, Erwin

2,000

2,000

0

0%
Brown, Ian

200,000

200,000

0

0%
Brown, Tina

200,000

200,000

0

0%
Candler, Curt

20,000

20,000

0

0%
Cavanagh, Christine

2,000

2,000

0

0%
Chevalier, Wayne Thomas

20,000

20,000

0

0%
Cooper, Richard

1,000

1,000

0

0%
Crown, Heather

1,000

1,000

0

0%
Cucuz, Dragoljub

1,000

1,000

0

0%
Cucuz, Nada

1,000

1,000

0

0%
Cucuz (In Trust-Juliana Cucuz), Nada

2,000

2,000

0

0%
Cummings, Stephen

20,000

20,000

0

0%
Cushing, Catherine A.

10,000

10,000

0

0%
Cushing, Robert M.

10,000

10,000

0

0%
D'Amico, Michael

10,000

10,000

0

0%
Dickson, Lorraine

10,000

10,000

0

0%
Dixon, Betty

2,000

2,000

0

0%
D'orazio( In-trust Samara & Lucas Jeffery), Marina

10,000

10,000

0

0%
Dutton, Evan

80,000

80,000

0

0%
Elsley (In-trust Kristin Elsley), Sandra

3,000

3,000

0

0%
Esposito, Christina

1,000

1,000

0

0%
Evans, Catherine

1,000

1,000

0

0%
Evans, David

35,000

35,000

0

0%
Evans, Michael

1,000

1,000

0

0%
Evans, Robin

120,000

120,000

0

0%
Evans,Wendy

150,000

150,000

0

0%
Evans, Gordon

4,000

4,000

0

0%
Everson, Connie

8,000

8,000

0

0%
Farrington, Pamela L.

2,000

2,000

0

0%
Ferrante, Theresa C.

12,000

12,000

0

0%
Finch, Raymond

3,000

3,000

0

0%
Finch, Ruth

3,000

3,000

0

0%
Forsyth, Jeffrey

50,000

50,000

0

0%

6

Forsyth, Victoria

50,000

50,000

0

0%
Gallo, Roy

40,000

40,000

0

0%
Gatto, Nikkie

1,000

1,000

0

0%
Gerhardt, Kent

5,000

5,000

0

0%
Goodyear, Charles

24,000

24,000

0

0%
Goodyear, Hope

2,000

2,000

0

0%
Gordon, Rachael

4,000

4,000

0

0%
Green, Michael

170,000

170,000

0

0%
Harris, Barbara

8,000

8,000

0

0%
Haskell, David

1,000

1,000

0

0%
Haskell, Nancy

3,000

3,000

0

0%
Hrin, Peter

50,000

50,000

0

0%
Hunter, Gillies

300,000

300,000

0

0%
Lane, Jennifer

250

250

0

0%
Jewell, Pat

2,000

2,000

0

0%
Johnson, Scott

66,000

66,000

0

0%
Jordan, Earl T.

20,000

20,000

0

0%
Jovanovic, Mirko

20,000

20,000

0

0%
Kafal, Adam

2,000

2,000

0

0%
Kafal, Paul

44,000

44,000

0

0%
Kafal, Peter

52,000

52,000

0

0%
Kajganich, Anne

2,000

2,000

0

0%
Kajganich, Joanne

1,000

1,000

0

0%
Kajganich, Michael

1,000

1,000

0

0%
Kajganich, Nicholas

1,000

1,000

0

0%
Kajganich (In-Trust Bradley Kajganich), Nicholas

1,000

1,000

0

0%
Kandasamy, Fay

120,000

120,000

0

0%
Kandasamy, Gerald

80,000

80,000

0

0%
Kandasamy, Keith

17,000

17,000

0

0%
Kelly, Mary

7,000

7,000

0

0%
Kelly, Patrick

7,000

7,000

0

0%
Kelly (In Trust-Scarlett Kelly), Mary

5,000

5,000

0

0%
Kelly, Patrick Thomas

1,000

1,000

0

0%
Kent, R. Gordon

40,000

40,000

0

0%
Kobryn, David

20,000

20,000

0

0%
Kobryn, Scott

30,000

30,000

0

0%
Krkljus, Mile

10,000

10,000

0

0%
Lane, Jeremy

100,000

100,000

0

0%
Latinovic, Boro

2,000

2,000

0

0%
Lazaroski, Dejan

6,000

6,000

0

0%
Litalien, Connie

22,000

22,000

0

0%
Litalien, Trisha

10,000

10,000

0

0%
Macesic, Branko

8,000

8,000

0

0%
Macesic, Milan

4,000

4,000

0

0%
Macesic, Milja

4,000

4,000

0

0%
MacGregor, Ian

46,000

46,000

0

0%
MacGregor, Jeannette

10,000

10,000

0

0%
Mackinnon, Carol Ann

2,000

2,000

0

0%
MacLaren, Glenn

100,000

100,000

0

0%
Martin, Patricia

20,000

20,000

0

0%
Martino, Maria

15,000

15,000

0

0%
Martino, Rocco

15,000

15,000

0

0%
Martyn, Bonnie

3,000

3,000

0

0%
Martyn, Gerald

3,000

3,000

0

0%
Maskell, Scott

10,000

10,000

0

0%
Mason, Peter

4,000

4,000

0

0%

7

McGarry, Marion

2,000

2,000

0

0%
McGaw, Dawn

500

500

0

0%
Melchiorre, Lynn

5,000

5,000

0

0%
Melchiorre, Paul

1,000

1,000

0

0%
Mills, Kerry

20,000

20,000

0

0%
Mitrovic, Daniela

10,000

10,000

0

0%
Mitrovic, Miladin

10,000

10,000

0

0%
Moldenhauer, Dean J.D.

4,000

4,000

0

0%
Mrkalj, Andjelko

10,000

10,000

0

0%
Orescanin, Daniel

1,000

1,000

0

0%
Orescanin, John

5,000

5,000

0

0%
Orescanin, Mary

1,000

1,000

0

0%
Orescanin, Mildred

25,000

25,000

0

0%
Orescanin, Nathan

1,000

1,000

0

0%
Orescanin (In-Trust Grandchildren), Mildred

4,000

4,000

0

0%
Pang Jr., Peter Allen

8,000

8,000

0

0%
Paskey, Cindy

90,000

90,000

0

0%
Pieterse, Frank

32,000

32,000

0

0%
Pinder, Wendy

391,000

300,000

91,000

*
Pinder-Doede, Caitlin

2,500

2,500

0

0%
Pinder-Doede, Carrie (16)

2,500

2,500

0

0%
Pirsich, Stephan

2,000

2,000

0

0%
Plante, Chad

2,000

2,000

0

0%
Plante, Sabrina

2,500

2,500

0

0%
Pompetzki, Monika

140,000

140,000

0

0%
Popovacki, Carol

10,000

10,000

0

0%
Popovich, Dara

2,000

2,000

0

0%
Popovich, Dusan

20,000

20,000

0

0%
Prytula, Linda (17)

28,000

28,000

0

0%
Przybysz, Irene

50,000

50,000

0

0%
Radojevic, Lidija

4,000

4,000

0

0%
Rice, Keri Frances

20,000

20,000

0

0%
Richard, Diane

200,000

200,000

0

0%
Richard Jr., Gerard

20,000

20,000

0

0%
Richard, Yvette

20,000

20,000

0

0%
Richards, Bill

30,000

30,000

0

0%
Robbins, Glenn

3,000

3,000

0

0%
Robinson, Barbara

2,000

2,000

0

0%
Rogers, Stephanie

2,000

2,000

0

0%
Romanek, Sharron

3,000

3,000

0

0%
Roth, James D.

10,000

10,000

0

0%
Rouillier, Lise

3,000

3,000

0

0%
Roy, Richard

50,000

50,000

0

0%
Rusic, Bosiljka

1,000

1,000

0

0%
Rusic, Dragon (Danny)

1,000

1,000

0

0%
Saccone, Len

5,000

5,000

0

0%
Samdass, James

4,000

4,000

0

0%
Seburn, Janice

2,000

2,000

0

0%
Senese, Karen

2,000

2,000

0

0%
Senske, Jerrold

4,000

4,000

0

0%
Smith, James H.

20,000

20,000

0

0%
Smudja, Zeljko

6,000

6,000

0

0%
Spadotto, Michael

20,000

20,000

0

0%
Srdjenovic, Nedeljko

4,000

4,000

0

0%
Stark, Laura

2,000

2,000

0

0%


8

Stark, Lisa

2,000

2,000

0

0%
Stark, Pamela

6,000

6,000

0

0%
Stark, William

60,000

60,000

0

0%
Stark, Amy

2,000

2,000

0

0%
Stark, Doris

20,000

20,000

0

0%
Stark, Juliana

2,000

2,000

0

0%
Stark, Malcolm

20,000

20,000

0

0%
Stathourakis, Eugenia V.

1,000

1,000

0

0%
Steip, Ronald (Al)

1,000

1,000

0

0%
Stoll, Joan

4,000

4,000

0

0%
Tsiantoulas, Katherine

12,000

12,000

0

0%
Tsiantoulas, Nicola

2,000

2,000

0

0%
Tsiantoulas, Christos

4,000

4,000

0

0%
Tunstall, Charlotte

2,000

2,000

0

0%
Utvich, David

2,000

2,000

0

0%
Utvich, Danica

10,000

10,000

0

0%
Utvich, Daryl A.

2,000

2,000

0

0%
Utvich, Gregory T.

2,000

2,000

0

0%
Utvich, Judith

1,000

1,000

0

0%
Utvich, Lauren

2,000

2,000

0

0%
Utvich, Melissa E.

2,000

2,000

0

0%
Utvich (In-Trust Amelia Rae Utvich), Gregory T.

2,000

2,000

0

0%
Utvich Jr., Michael E.

2,000

2,000

0

0%
Utvich Sr., Michael E.

2,000

2,000

0

0%
Vandewater, Carolyn

5,000

5,000

0

0%
Varcoe, Ryland

2,000

2,000

0

0%
Varcoe, Scott

4,000

4,000

0

0%
Velemirovich, Dragica

2,000

2,000

0

0%
Vujic, Branislav

2,000

2,000

0

0%
Water Communications Inc. (7)

400,000

300,000

100,000

*
Weir, Ludmilla

10,000

10,000

0

0%
Widdis, Patricia J.

329,530

300,000

29,530

*
Wright, Grant

80,000

80,000

0

0%
Yelda, Dany

4,000

4,000

0

0%
Yorke, Steven

10,000

10,000

0

0%
Zubic, Tihomir

4,000

4,000

0

0%
Elsley, Sandra (21)(23)

7,750,000

300,000

3,450,000

5%
Bordynuik, John (22)

36,308,345

300,000

36,008,345

61%
Stark, Malcolm

133,250

133,250

0

0%
Stark, Malcolm

50,000

50,000

0

0%
Stark, Malcolm

50,000

50,000

0

0%
Stark, Malcolm

33,250

33,250

0

0%
Stark, Malcolm

40,000

40,000

0

0%
Doede, Steve (8)(23)

1,400,000

300,000

1,100,000

1.8%
Bordynuik Sr., John (9)

2,000,000

300,000

1,700,000

2.8%
Seburn, Brian (10)(23)

75,000

75,000

0

0%
Caputo, Marie

55,000

55,000

0

0%
Steip, Ronald (Al)

10,000

10,000

0

0%
Popovacki, John

50,000

50,000

0

0%
Barnett, Alan (4)

125,000

125,000

0

0%
Deurloo, Beverley Joan

120,000

120,000

0

0%
Wright, Grant

80,000

80,000

0

0%
D'Orazio, Marina (11)

46,875

46,875

0

0%
Widdis, Patricia J.

67,000

67,000

0

0%
Widdis, Patricia J.

120,000

120,000

0

0%
Anthes, Thomas Victor

150,000

150,000

0

0%

9

Kafal, Peter

48,000

48,000

0

0%
Stark-Chevers, Roberta

20,000

20,000

0

0%
IP Trust (12)

1,500,000

300,000

1,200,000

2%
Corp. 1683091 (13)

1,500,000

300,000

1,200,000

2%
Matkowski, Barbara

20,000

20,000

0

0%
Goodyear, Charles

90,000

90,000

0

0%
Matkowski, David

3,500

3,500

0

0%
Matkowski, Derek

2,000

2,000

0

0%
Falconer, Frank

20,000

20,000

0

0%
Harry Fois Poultry Farms (14)

40,000

40,000

0

0%
Myers, Howard

20,000

20,000

0

0%
Mehta, Jasmin

5,000

5,000

0

0%
Craig, Kathryn

15,000

15,000

0

0%
Matkowski, Kathryn (15)

8,000

8,000

0

0%
Yole, Leslie

8,000

8,000

0

0%
Kafal, Adam

750

750

0

0%
Kafal, Paul

1,250

1,250

0

0%
Gorman, Sheri

4,250

4,250

0

0%
Dorey, Jeffrey

8,000

8,000

0

0%
Nicholson, Donna

5,000

5,000

0

0%
Lahaie, Mike

2,000

2,000

0

0%
Clarke, Steve (18)

2,000

2,000

0

0%
Brown, Christopher

4,000

4,000

0

0%
Stark, Lisa

8,000

8,000

0

0%
Hunter, Karen

4,000

4,000

0

0%
Stark, Laura

2,000

2,000

0

0%
Barnett, Alan (4)

45,600

45,600

0

0%
Boric, Dean

14,000

14,000

0

0%
Boric, Douglas

8,000

8,000

0

0%
Byford, Dennis

6,000

6,000

0

0%
Cushing, Catherine

10,000

10,000

0

0%
Cushing, Robert

10,000

10,000

0

0%
Kvas, Anton

10,000

10,000

0

0%
Macesic, Branko

16,000

16,000

0

0%
Malivuk, Milan

30,000

30,000

0

0%
Mitrovic, Miladin

20,000

20,000

0

0%
Mrkalj, Andjelko

8,000

8,000

0

0%
Prytula, Linda (17)

40,000

40,000

0

0%
Robbins, Kristen

1,000

1,000

0

0%
Robbins, Lara

2,000

2,000

0

0%
Robbins, Valentina

3,000

3,000

0

0%
Stanojcic, Andja

2,000

2,000

0

0%
Van Dongen, Cory

10,000

10,000

0

0%
Van Dongen, Wilhelmus

10,000

10,000

0

0%
Optic Light (19)

10,000

10,000

0

0%
Pirsich, Steve

5,000

5,000

0

0%
Bordynuik, Janet

2,000

2,000

0

0%
Gisel, Tara

2,000

2,000

0

0%
Litalien, Connie

13,000

13,000

0

0%
Albano, Bruno

2,000

2,000

0

0%
Beni, Mildred

3,000

3,000

0

0%
Orescanin, Mildred

120,000

120,000

0

0%
Culliford, Keith

1,400

1,400

0

0%
Drapeau, Lynn (20)

10,000

10,000

0

0%
Maxwell, Meredith

45,000

45000

0

0%
Maxwell, Larry (24)

10,000

10,000

0

0%
Schertzing, Bert

25,000

25,000

0

0%
Schertzing, Christine

25,000

25,000

0

0%

58,621,250