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UNREAL
it took so long
Less then a half hour left to get JBII shares this cheap.
Don't pay no attention to the 8Ks I am sure it a an clerical error. ROTFL
Aug 6: JBII fires Moore & Associates as their accounting firm
Aug 6: JBII hires Seale and Beers, CPA to replace Moore
Aug 14: JBII hires Gately & Associates to replace Seale and Beers
Aug 17: JBII fires Seale and Beers
Aug 24: JBII acquires Javaco and $10 million in Media Credits from R. Thomas Kidd for 3.5 million shares of JBII and $150k cash
Sep 30: JBII acquires Pak-It from Private Equity Fund for $1.2 million cash, 625k shares of JBII stock and assumption of $2.665 million in Pak-It debt (subsequently paid with proceeds from the $.80 PIPE)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
(a) On August 6, 2009, Board of Directors of the Registrant dismissed Moore & Associates Chartered, its independent registered public account firm. On the same date, August 6, 2009, the accounting firm of Seale and Beers, CPAs was engaged as the Registrant's new independent registered public account firm. The Board of Directors of the Registrant and the Registrant's Audit Committee approved of the dismissal of Moore & Associates Chartered and the engagement of Seale and Beers, CPAs as its independent auditor. None of the reports of Moore & Associates Chartered on the Company's financial statements for either of the past two years or subsequent interim period contained an adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles, except that the Registrant's audited financial statements contained in its Form 10-K for the fiscal year ended December 31, 2008 a going concern qualification in the registrant's audited financial statements.
During the registrant's two most recent fiscal years and the subsequent interim periods thereto, there were no disagreements with Moore and Associates, Chartered whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Moore and Associates, Chartered's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the registrant's financial statements nor were there any up to and including the time of dismissal on August 6, 2009.
Due to the circumstances set forth above, the Company could not obtain an amended letter from Moore and Associates for this amended Form 8-k.
b) On August 6, 2009, the registrant engaged Seale and Beers, CPAs as its independent accountant. During the two most recent fiscal years and the interim periods preceding the engagement, the registrant has not consulted Seale and Beers, CPAs regarding any of the matters set forth in Item 304(a)(1)(v) of Regulation S-K.
As disclosed in our Form 8-K filed on August 17, 2009 we dismissed Seale and Beers, CPA as our independent accountant and retained the independent registered public accounting firm, Gately & Associates, LLC as of August 14, 2009.
Yes, that adds up.
According to the Form D, 332,579 shares had already been sold between April 15 and May 11, 2010. The remaining 156,200 would have been sold in the last 10 days.
Total Offering Amount $4,000,000 USD
Total Amount Sold $1,330,316 USD
Total Remaining to be Sold $2,669,684 USD
Another JBII Form 8-K Filing Date 2010-05-21
[...]
Item 1.01 Entry into a Material Definitive Agreement
On May 20, 2010, JBI, Inc., (the “Company”) consummated a confidential private placement (the “Private Offering”) with certain accredited investors for the issuance and sale of 488,779 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”) at per share price of $4.00 for aggregate offering proceeds of $1,955,116.
The Private Offering was conducted on a best efforts basis with a minimum investment of $10,000 by the Company’s officers and directors. The gross proceeds received by the Company was $1,955,116.
Item 3.02 Unregistered Sales of Equity Securities
The information pertaining to the sale of the Common Stock in Item 1.01 is incorporated herein by reference in its entirety.
The Private Offering and issuance of Common Stock was an unregistered sale of securities conducted pursuant to Rule 506 of Regulation D or Regulation S promulgated thereunder. Such securities were not registered under the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized
JBI, INC.
Date: May 21, 2010 By: /s/ John Bordynuik
John Bordynuik
Chief Executive Officer
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002141/f8k052010_jbi.htm
I think some people are going to be pursuing Bordynuik, including the SEC.
I wonder if JB is going to pursue Gately for the $300k he claims to have spent on that 10K and the several hundreds of thousands the re-audit will take... Too bad I'm out of posts over there, I'd like to ask Ted Henry (The BOD member who resigned after 5 weeks but has stepped up his hype the last few days).
JB on FB
Okay -- now I am getting to these questions. --> Ted Henry - after being exposed to what goes on inside a public company and understands the incredible cost of filings, CC's, and regulatory costs. Our internal resources including my time is also taken away from our projects to handle these events. Our 10K will easily cost in excess of 300k (yuck). If D&T had been engaged for an audit add several hundred thousand to it.
I think that is highly likely. The SEC office concerned with JBII is the Boston office, and they have a reputation to uphold. You may recall that the Boston office believed Markoplos about Madoff's Ponzi scheme, but had to hand it off to the NY office.
I guess the SEC was looking a little too hard at JBII.
Item 4.02, Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
On May 19, 2010 John Bordynuik, President and Chief Executive Officer and Director of JBI, Inc., (the “Company”), concluded that the Company’s previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission (“SEC”) on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company’s former independent registered public accounting firm Gately and Associates, who was dismissed on May 13, 2010, was informed of the matters disclosed above.
Management is working diligently to correct the errors and file restated financial statements. This restatement will in no way impact the Company's ability to execute its business plan during the 2010 fiscal year. The Company has sufficient cash to complete the P2O factory in Niagara Falls NY and to upgrade the Pak-It facility for retail rollout and to bring the fuel blending site to an operational state
The Company’s newly appointed independent registered public accounting firm of WithumSmith+Brown, PC will review the restated financial statements to be included in the revised Form 10-Q and will audit the financial statements to be included in the revised Form 10-K. Therefore, the above mentioned filings and related financial statements should no longer be relied upon.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized
JBI, INC.
Date: May 21, 2010 By: /s/ John Bordynuik
John Bordynuik
President & Chief Executive Officer
1 CURRENT REPORT f8k051910_jbi.htm
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002134/f8k051910_jbi.htm
place your bets:
OR
http://en.wikipedia.org/wiki/Automatic_Complaint-Letter_Generator
PS: looks like there might be another "incident" to add in the future....
2001 incident
In 2001, Paul Weyland was chosen by his Austin Toastmasters club to present Kirk Watson, the mayor of Austin, Texas. When a Toastmasters member asked Weyland about his speech, he went to the Automatic Complaint-Letter Generator and typed in the mayor's name. After the generator churned out a four-page complaint letter, Weyland accidentally emailed it to the mayor, even though he meant to send it to his fellow Toastmaster member as a joke.[8]
Watson learned about the joke and indicated that he would not be attending the club meeting because of "security issues". Then, his aide e-mailed Weyland and said the mayor was just joking. At the meeting, Weyland apologized to the mayor in a "fawning introductory speech". The mayor then responded "[y]ou know, in Paul's rant, he accused me of having my lips planted to the posteriors of drug-addled sycophants. If you'll notice, Paul's lips have been attached to my posterior all evening."[8]
as Goldman Sachs said, our reputation is our business.....
Privacy Policy
Our Privacy Policy is simple.
Your information and EMail address are NEVER shared with ANYONE.
Also, once your information or EMail address is no longer needed to contact you regarding any products you have purchased, it will be deleted from our database.
You will only receive EMail from us if it is regarding your account, or the product you purchased.
http://www.lighthousenova.com/Privacy.htm
New Investment Opportunity
JBI Inc. Plastic2Oil. Stock Symbol: JBii
http://www.lighthousenova.com/
you think???
PS: and it links to someone phishing for homemade mayo revenues!!
rotf!!
http://www.makemayo.com/
That seems to be a commercial site promoting JBII.
New Investment Opportunity
JBI Inc. Plastic to Oil
Stock Symbol: JBII
The CEO, John Bordynuik, is a well known and respected scientist, with ties to NASA, MIT, Harvard, United Nations, and the US Army.
He has perfected a process that converts waste plastic to oil.
Production slated to start April, 2010.
The website has details: JBI Global
http://www.wizardscave.com/aquarium.html
Computer Help 101
http://tinyurl.com/2a4n2la
Cool Links:
Treehouse Diet
Invention Mill
End of Day Stock Data (GREAT!)
Palm Springs Brokerage Services
WaMu411.com
Other Links:
don't know, but I assume such a "Brokerage Service" is licensed to do all the stuff they "offer"....
Palm Springs Brokerage Services offers due diligence, reverse mergers, and resident agent services
Goes to the intelligence level, using the Minamorons as a source of info is about as low and as dumb as you can get. I would be hard pressed to find a worse source to rely on that is for sure.
Does Metter or Moskowitz work at Palm Springs Brokerage?
the guy I'm not should have no problem if he decides to peruse libel, what a slam dunk.....
me thinks after today there will be more red faces than down JBII days the last 3 weeks.....how embarrassing....
since they refuse to believe my denials, and delete them in public, I made a blanket statement in my sig....
(sad commentary on the chaos "the usual suspects" are causing, harming many innocent people in their wake)
today's latest libel added to the pile against me and another innocent person is shocking in its blatancy......a web site claiming a Los Alamos employee hacked it, with a clear paper trail of its history cached???.....wow, suicidal....
(ironically, I thought it might not have been a big deal, until I saw the reaction....talk about smoke and fires....)
and I thought USSE was insane....the bar has been raised, who the heck tries to get the attention of the Fed Gov on them???....a division involved in national security no less???
real smart, guys.....
PS: it sure makes a person wonder about the rest of the great DD being presented, if liars are posting it....
HotFrog has caches too
310 Holdings
Palm Springs Brokerage Services offers due diligence, reverse mergers, and resident agent services. ... 255 N El Cielo STE 140 183, Palm Springs, CA 92262 ...
www.hotfrog.com/Companies/310-Holdings
http://www.hotfrog.com/GoogleCSE.aspx?hfsearch=palm+springs+brokerage&nearto=&cx=015071188996636028084%3Aihs3t9hzgq8&cof=FORID%3A10&ie=UTF-8&q=palm+springs+brokerage&channel=hotfrogCSE_US#1195
It is very difficult to cover tracks, even using a proxy...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50306198
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50305610
yes, changing the link just makes it look like something fishy is being hid........caches and screen captures of the original evidence are saved on many computers by now....
in fact, I would BET on that.....
The problem he has is that he has left the same paper trail on many more web sites than that.
and what would be the connection
That's the question that needs to be answered, but for some reason others are afraid to even have it asked.
That appears to be the address of 310 Holdings at some point in the past. Whoever has access to the Hotfrog account quickly deleted it and replaced it with what they believe is another poster's personal information as soon as I posted it.
Fortunately Google has it cached. Since Lighthouse is listed with the same address it's only logical that one of their principals has the Hotfrog login and made that change.
Very very shady, don't you think?
http://webcache.googleusercontent.com/search?q=cache:0jTVqqDN-gYJ:www.hotfrog.com/Companies/310-Holdings+%22619+764+4029%22&cd=9&hl=en&ct=clnk&gl=us
http://www.hotfrog.com/Companies/310-Holdings
(JBII)
did you see the attempted cover up with the link being changed???
why would that happen if it was no biggie????
PS: good thing there are caches of the pages all over the place to show the truth....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50416484
and what would be the connection
to the actual address of the company
formerly known as 310 Holdings with
an address not located in palm springs?
you know the co. that *actually* filed
with the SEC?
9903 Santa Monica Boulevard, Suite 406, Beverly Hills, California
90212
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: 310.882.5568
http://knobias.10kwizard.com/contents.php?ipage=6281206&rid=12&back=1
--
4kids
all jmo
Note: the link has been changed, here is a cache:
http://webcache.googleusercontent.com/search?q=cache:0jTVqqDN-gYJ:www.hotfrog.com/Companies/310-Holdings+%22619+764+4029%22&cd=9&hl=en&ct=clnk&gl=us
Shares an address and phone number with 310 Holdings?
http://webcache.googleusercontent.com/search?q=cache:0jTVqqDN-gYJ:www.hotfrog.com/Companies/310-Holdings+%22619+764+4029%22&cd=9&hl=en&ct=clnk&gl=us
310 Holdings
255 N El Cielo STE 140 183, Palm Springs, CA 92262
p: +1 (289) 296 5538 f: 619 764 4029
Contact Information:
Main number: + 1 760 329-Five700
Fax: 1 619 764-4029
Lighthouse Nova Inc.
255 N El Cielo STE 140 183
Palm Springs, California 92262
Contacts:
Hans Brost - President
Roger A. Heine - Vice President
Michael Hinshaw - Vice President
JBI, INC.
Full Name of Registrant
310 Holdings, Inc.
Former Name if Applicable
500 Technology Square, Suite 150
Cambridge, Massachusetts 02139
Notification that Quarterly Report will be submitted late (NT 10-Q)
http://ih.advfn.com/p.php?pid=nmona&article=42855442&symbol=NB%5EJBII
310 holdings was the shell for JBII, last I knew....
What's that all about?
Does that have something to do with this that left a lot of people broke. ""UNREAL""
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=14380670
310 holdings
p: +1 (289) 296 5538 f: 619 764 402
About 310 Holdings
Palm Springs Brokerage Services offers due diligence, reverse mergers, and resident agent services
http://www.hotfrog.com/Companies/310-Holdings
Well some of this I am still trying to grasp.
I guess it's like the stock should be at $10 now.
I am still surprise at him saying at the AGM "investors are the funds for what we are trying to do" That just blows me away.
But once I heard that I know now why his magic word is secret...
CTB, because it puts firm numbers in peoples' heads???
kind of like a way to make a price call indirectly....
IMO....
amateur city.......let the penny stock cry of "good product, bad management" begin.....
How can not like that...Trinidad. All good thing happen there. LOL
I am beginning to see what they where meaning when they were touting it's going to blow the F-UP
WOW and it has.........
The lack of attention to details such as the mistake in the dates shows the desperation to file SOMETHING, anything that will keep the Believers believing in the omnipotence of Bordynuik as CEO.
The stock option $4.89 was plucked out of the air in the vain hope that people would see that as the price that the stock would reach "commencing the date the Company receives full DEC approval".
First, there's the Stack test to be completed before any DEC approval, and there's no indication that it has been done.
One not to invest in..
The CEO uses it for a tyme machine.
http://www.amelotholdings.com/client/
That was a good catch on your part.
I find it odd that a CEO would post something like this when no money is being made.
I mean would you ask for a raise if you knew the company you worked for was not making money?
Why put a stock price in there. Why not make it the stock price the day the option is granted.
Where is the PIPES 8K....... This is getting crazy.
That's what I think - Wesson pressured Bordynuik to release something and that was the best they could come up with in a hurry, but it's not working out as they hoped.
The time would have been better spent getting out the 10-Q before the deadline.
The filing was rushed out without checking the dates closely, pretty sloppy...
EMPLOYMENT AGREEMENT
This employment agreement (this “Agreement”) dated as of May 19, 2010 (the “Effective Date”), is made by and between JBI, Inc., a Nevada corporation (the “Company”) and John Bordynuik (the “Executive”) (collectively, the “Parties”).
[...]
2. EMPLOYMENT TERM. Except for earlier termination as provided in Section 6, the Executive's employment under this Agreement shall be for five (5) years starting on the Effective Date and ending on May 19, 2012 (the “Initial Term”).
Subject to Section 5, at the end of the Initial Term this Agreement may be extended for additional terms by mutual agreement of the parties (“Additional Term”). The amount of compensation payable to the Executive during any extension of the Initial Term shall be discussed and agreed upon by both parties 30 days before the Agreement termination date. The Initial Term and any Additional Term shall be referred to herein as the “Employment Term.”
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002101/f8k051910ex10i_jbi.htm
So if you say your going to take a dollar salary for a year and the year is not up,
but you make a agreement to give yourself a salary after a event before the year is up.
IS THAT A RED FLAG?
JBI, Inc. Completes Employment Agreement for CEO John Bordynuik
Exhibit 99.1
10 Tuesday, May 18, 2010
JBI, Inc. Completes Employment Agreement for CEO John Bordynuik
NIAGARA FALLS, Ontario, May 18, 2010 (GlobeNewswire via COMTEX) – JBI, Inc. (the “Company”) (OTCBB: JBII) today entered into an employment agreement including a compensation plan for CEO John Bordynuik. The compensation plan will commence upon issuance of the production permit for the Company’s first Plastic2Oil processor. The five year agreement provides Mr. Bordynuik with a base salary as well as option awards contingent upon specific milestone achievements consistent with JBI’s value-based management philosophy. Compensation will be reviewed by the Board of Directors’ Compensation Committee annually.
Mr. John M. Wesson, Chair of the Compensation Committee, commented, “This agreement affirms John Bordynuik’s efforts to build value for JBI shareholders and provides him with compensation for achieving milestones significant to the growth of the Company. The Board looks forward to establishing additional incentives as soon as the outlined goals have been achieved.”
About JBI, Inc.
JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today’s world, including environmental concerns. JBI currently has four business lines including JBI’s tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.com.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: JBI, Inc.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
James Parker
+1 (916) 990-3667
jparker@jbiglobal.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002101/f8k051910ex99i_jbi.htm
are we sure Kidd wasn't involved here LOL
EGCI has been unable to confirm the existence or value of a purported investment account in the name of Electronic Game Card (UK) Limited (“EGCL”) with R.I.C. Asset Management Limited (“R.I.C.”).
While a former CFO (and director) of EGCI has stated that the R.I.C. investment account exists and had a balance of $12.9 million as of February 26, 2010, he asserts that EGCI does not own the funds in the R.I.C. account because EGCI no longer owns EGCL.
This assertion is based on a document described as a 2002 agreement entered into among EGCI, EGCL and the original (unidentified) sellers of EGCL to EGCI.
The current EGCI Board of Directors and management were unaware of this document, which was signed by the former CFO on behalf of EGCL, until after questions had arisen concerning the company’s audited financial statements.
THis is simple - Nominate your largest OTCBB or Pinky Scams since Jan 1 2000 here - YOu can post three maximum per person and they will be ranked 3-2-1 for points. Please give a short paragraph as to why. If you post more than 3 each one after your third will get a ranking of 1 also as some people are aware of more scams than others. They can include merely r/s repeat offenders and/or massive claims. the r/s ones are easy because they are quantitative. WE will split up the awards by decade
The wilder the claims the better I find for finding them
I will assign some assistant moderators shortly to help maintain the chaos and I will maintain the scoring system.
POSTS CHALLENGING OTHERS PICKS WILL BE REMOVED. THIS IS NOT A FORUM TO ARGUE THE MERITS OF A PICK.
here are some other ideas
- MLON CEO in jail now ( Feb 2008)
- DIGG CEO has a hearing on Feb 29 2008 to go to jail
- longest and strongest run ECNC 10cents to 7$ then $21
- most publicly blatant CEO and a big run Ruffus CSHD
- CMKX, most played, most hype build-up for the run, most solid base on the web for the hype to build up.........
Some possibles are CSHD SLJB MLON MNCS IFTA RVEM PCLO
aa similar board
http://www.investorshub.com/boards/board.asp?board_id=7070
TO TEN Rankings as at NOv 22nd
Rank Points Stock - - Buckey trader Notes 1 43 CSHD - - Done good 2 39 CMKX - - Made 8 bagger on it 3 18 QBID - - flat 4 13 MLON - - Made a bit and bashed it hard 4 13 SLJB - - Nailed a 3 bagger on big sell off day 6 9 PCLO - - Lost it all r/s since feb 04 6 9 RSMI - - Never played 6 9 IDWD - - made a bit 9 8 DIGG - - made a bit 9 8 IFTA - - Lost it all
And here is the Pictorial WALL OF SHAME
Member Chad Curtis ON left shown here with Vanilla Ice?
Our newest member Alan Santini of FFGO fame - as blatant a bunch of lies as ever.
http://i284.photobucket.com/albums/ll20/Vianna_bucket/AlanSantini.gif
New member Rudy of Notre Dame fame - Now nicknamed Rudy Diluty
http://investorshub.advfn.com/boards/board.asp?board_id=2992
RUNU was ACUP
Newest member WNSH CEO
www.ocregister.com/newsimages/money/2007/03/04ellis1_md.jpg >
MY newest member because of the NR and I am long 300k LOL in a big baghold - his wuote from Nov 22 2006 News.
If you want to be in this party, the show's at ONYI.
At some point in the future following the dividend, ONYI
will be renamed 'James Monroe Capital Corporation.'
This train's leaving, and we're all going to OTC BB town."
-----------------------------------------------------------------
USXP CEO Richard Altamore or something like that
-----------------------------------------------------------------
GECC - COO - I forget his name
--------------------------------------------------------------
SLJB CEO PETAR V
--------------------------------------------------------------
CSHD CEO RUFUS HARRIS
--------------------------------------------------------------
MARIO PINO of MLON and BCIT fame - not in custody yet.
Jan 20th 2008 IN CUSTODY where did the smirk go?
--------------------------------------------------------------
Patrick Downs of IDWD fame - His MUG shot
--------------------------------------------------------------
And the CEO convention
from L to R , Mario,Petar, Urbie (CMKX fame) and RUFUS
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