Tuesday, November 10, 2009 1:31:43 PM
JBII is conducting a small PIPE to payout all of the PakIt and Javaco
debt and to have a number of P2O processors manufactured in China. This
PIPE will close soon. Any stock purchased from the company is
restricted for 6 months due to rule 144. You would not have to wait for
a registration statement for the shares to be freely tradable.
Registration of shares are usually requested so that warrants acquired
in a PIPE can be executed and sold without restriction. There are no
warrants in this PIPE.
As I've stated before, I will be exchanging most of my stock for
preferred so that the shareholders are not diluted when the PIPE is
done.
Regards,
John Bordynuik
CEO
JBI
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