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CFO Resigned? Delay the 10K? Traction stuff is so last year.
Maybe they can double the share count again? Would that help?
Conference today. Media presence? How many people attended versus spoke or had a display? Did JBI have to pay to display? I totally understand why JBI did the Pak-It booth - they need to make money off of their investment. Did it help?
Training for environmental professionals I think. Not sure why they had a Pak-it booth set up. Like pushing french fries at a fitness convention. Probably messed up future invites.
Here is the brochure.
http://www.awma-cny.org/pdf/2011_nfs_brochure.pdf
You forgot about their wonderful advisor: R. Thomas Kidd of Armada Capital. armadacptl.com He's been a huge influence.
WAYNE HUIZENGA
http://www.corporations.org/wmi/huizenga.html
I never predicted big yawns.
I wish everyone well. Just be careful
JB is speaking at a local conference!
with at the most 400 attendees(that's the membership of the group) spread between multiple meetings going on at the same time?
Can't find the brochure online - can you post it again please.
I'm sure Al Sousa did a great job while he was there.
WEEEEEEEEEEEEEEEEEEEEEEEEEEE
50000 what? Pennies? $500 bucks
Glad to joined up!
Gambling is always fun. Just remember the old rule - never bet more than you came with.
read the filings. they disappeared.
Come one, come all...it's the AMAZING JBI!!!!
Can make media credits go away with the strike of a pen!!! amazing!!!
Driving the increase? Old news. Why the increase now?
JBI owns contracted/JV units per the website? And the client gets the distribution rights? Are royalties paid to JBI on the distribution? Does the JV pay a "franchise" fee of sorts? Just trying to figure out how they plan to roll this out. Nice increase today.
Contracts or sales?
Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405
Any updates on the annual?
When does the 1st quarter come out? IMO that's when we'll see what's happening since the consent order.
Bold and Red? Underline & change font maybe? I don't see anything about landfill plastic being in the consent order.
Procured feedstock shall be source separated recyclable polyolefins and polyethylenes. Prior to acceptance for processing all feed stocks will be qualified and inspected by plant staff.
No Halogenated plastics such as Polyvinyl Chloride (PVC) will be accepted by JBI.
All sources of plastic feed will be prequalified by JBI personnel before agreeing to accept the material. This prequalification procedure will consist of visual inspection by JBI personnel, review of the MSDS for the material where available, and possible test results from material samples when testing is deemed necessary. Typical plastic materials which can be utilized as feedstocks include plastic parts and cuttings, packaging film, shopping bag film, strapping and mixed color regrind. These materials are typically produced by vacuum forming, injection molding, casting, or tooling.
What is the catalyst? I looked at the P2O website and took this phrase: "proprietary catalyst and unique process engineering" and Googled it. WOW. Lots of companies are manufacturing, selling, licensing, and using tons of proprietary catalysts for cracking to make fuel. There are even books on the subject you can buy! Is it Pak-it's dissolving sachet that makes the JBI catalyst so unique?
Successful diversification? How are they going to integrate?
For the 4.00 or 7.00. Best way to average down.
the AS on JBII read 150M on the NV SOS and their TA had
75M ..fourkids_9pets Member Level Share Tuesday, April 05, 2011 4:46:41 PM
Re: janice shell post# 3425 Post # of 3505
.......i
i will say one other thing ... as a person with
an investor's mind set vs. a trader's mind set
one of my own *tests* is bringing something to mgmt's
attn and then seeing how long it takes to be dealt with
the AS on JBII read 150M on the NV SOS and their TA had
75M .. it was one of those things *discussed* on the board
but not addressed with mgmt .. in jan i said enough of this
and began my campaign to get it dealt with .. like everything
else i've asked of JBI's mgmt team it was taken care of ~ it
took well over 6 weeks .. but finally the TA has 150M <AS> :)
i never forget legit co.s have LONG TERM goals and imo mgmts'
will respect like minded *investors* who don't post crap daily
or flat out lies to get shares *cheaper* or manipulate their stock
i also don't expect well seasoned mgmt teams on legit OTC co.s
but
not surprisingly some mgmt teams are far more agile than others
==
4kids
Free recycling. Great idea. Google : communities doing free recycling This one's old but gives you an idea
http://books.google.com/books?id=BzTNoKw6HhYC&pg=SA6-PA13&lpg=SA6-PA13&dq=communities+doing+free+recycling&source=bl&ots=csG-G3HVY5&sig=UcqNL_Xh2bSLJMo6BwWkMDOM_9M&hl=en&ei=5xudTenYCcW40QGNxbTlAg&sa=X&oi=book_result&ct=result&resnum=10&ved=0CFcQ6AEwCQ#v=onepage&q=communities%20doing%20free%20recycling&f=false
California
Free recycling.Pay for trash.
They do that where we are. Plastic, glass, paper & cardboard are free trash pickup. You pay 5.00 for waste you don't separate; for a 30 gallon bag or can. Love the idea - hit them in the wallet. Should be a federal mandate.
Bingo! History can get tricky when you buy a shell. GRWW had a notorious CEO.
Thanks for the number! I'll do that.
Welcome back! Always good to have you here.
Wondering if he can use this for his free media exposure?
Share Monday, January 11, 2010 6:09:09 AM
Re: seabreezing post# 19218
Post # of 98825
News 8-28-2009:
JBII Acquires Javaco Inc. Purchases Media Credits.
NIAGARA FALLS, Ontario, Aug. 28, 2009 (GLOBE NEWSWIRE) -- JBI Inc. (OTCBB:JBII - News) is pleased to announce that the Company has completed the acquisition of Javaco, Inc,, an international distributor of communications and cable gear that distributes more than 100 lines of equipment, ranging from fiber-optic transmitters to RF connectors. Javaco, Inc., a member of Inc. 5000, is a profitable, well-managed, growing company with current revenues in excess of $6 million and a strong presence in Latin America. With offices in Mexico City and Columbus, Ohio, their highly-technical staff strives to provide viable solutions for the ever complex telecommunications industry. Visit http://javacoinc.com for further information about Javaco, Inc.
Javaco, Inc. was purchased for $150,000 USD and 2.5 million shares of restricted common stock.
In addition, for an additional one million shares of restricted common stock, the Company acquired approximately $10 million in U.S. radio and newspaper prepaid advertising covering 10,000 newspapers and 6000 radio stations. The completed package resulted in a total asset purchase of approximately $15 million. The Company believes that the media advertising will be beneficial in promoting the expansion of the P2O technology and processors as well as the previously-announced planned acquisition of the chemical company's products and services.
Do it. Which lady boss? Bradshaw?
Skyline Chart. Interesting.
looking good!
What does this translate to?
SUSD SUMMONS RETURNED SERVED/ON AMENDED/
I'm thinking EY won't like this statement. Who says they were fired? Who says they were not doing their job? Nice lawsuit coming.
JBII just fired Ernst and Young for apparently not giving the company the attention that was expected:
zardiw
Member
Member Rated:
2 Icon 1 posted August 28, 2009 11:00 Profile for zardiw Send New Private Message Edit/Delete Post Reply With Quote TRTN purchases Javaco, Inc.!!!
Item 1.01 Entry in a Material Definitive Agreement.
On August 24, 2009, 310 Holdings, Inc. (the “Company”) and Domark International, Inc. (“Domark”) closed a Securities Purchase Agreement (the “Agreement”) whereby the Company purchased 100% of the issued and outstanding common shares of Javaco, Inc. (“Javaco”), a wholly owned subsidiary of Domark, in exchange for $150,000 and the issuance of 2,500,000 shares of the Company’s common stock to Domark.
In connection with the Agreement, Domark has also assigned $9,997,134 of media credits in print and radio to the Company in exchange for the issuance of 1,000,000 shares of the Company’s common stock.
Except for the Agreement, there is no material relationship between the Company or its affiliates and any of the parties to the Agreement.
The foregoing description of the Agreement and the Media Credits Assignment is qualified in its entirety by reference to the Securities Purchase Agreement, and Media Credits Purchase and Assignment attached as Exhibit 2.1 and 10.1 respectively hereto.
Description of Javaco, Inc.
JAVACO, Inc., formerly JAVA Company, opened for business in 1997 as a sole proprietorship. Prior to opening JAVA Co., Judith Vazquez, owner and President, worked several years in distribution sales and finally with RMS Electronics/Channel. JAVA Company's initial focus was the sale of used cable TV equipment, including amplifiers and converters to Colombia, Venezuela and Mexico. JAVA Company teamed up with a distributor in Argentina to jointly cover a larger Latin American market. JAVA Company acted as their US office, providing sales expertise and a much needed North American connection with the manufacturers. JAVA Company coordinated the sale, expediting, invoicing and exporting of equipment purchased from the US and Canadian suppliers. JAVACO, Inc. incorporated in March 2000. Javaco is part of the Supplier Diversity Network, WBENC. JAVACO, Inc. currently distributes over 100 lines of equipment from fiber optic transmitters to RF connectors. To further enhance business in the United States, new distribution lines are frequently being added including a line of home theater and audio video products. Early in 2002, JAVACO, Inc. expanded its US business when it hired Tina Tomblin, with over 20 years in the cable television industry in both operations and sales, to manage sales in the United States. Javaco will operate and manage the Company’s Plastic2Oil sites in Mexico.
Item 3.02 Unregistered Sales of Equity Securities
As more fully described in Item 1.01 above, 310 Holdings, Inc. (the “Company”) issued an aggregate of 3,500,000 million common shares to Domark in exchange for 100 % of the issued and outstanding common shares of Javaco, Inc. and the assignment of $9,997,134 of media credits in print and radio.
The issuance of the common shares by the Company was exempt from registration pursuant to Section 4(2) of, and Regulation D and/or Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
Item 9.01.
Financial Statements and Exhibits.
(a)
Financial Statements of businesses acquired
(b)
Pro forma financial information
(d)
Exhibits
Exhibit No
Description
2.1
Securities Purchase Agreement between 310 Holdings, Inc. and Domark International, Inc.
10.1
Media Credits Purchase and Assignment
99.1 Pro Froma Financial Information
99.2 Press Release
Management forgot about the 150K? Pipe money hard at work? What was the value of the shares that day? What was the value of the shares the day Pak-it was purchased? Debt for both companies? Are they trying to up the value or get rid of them? The filing makes no sense.
A re-valuation of the purchases? Is that what they are saying? Why revalue them now?
The purchase price has been allocated to the assets acquired and liabilities assumed based upon management’s preliminary estimate of their respective fair values as of the date of acquisition. Therefore, the actual amounts recorded as of the completion of their analysis might differ materially from the information presented in the unaudited pro forma combined financial statements.
8K/A FILED Here's what's changed in the pro-forma (unaudited) financials for Javaco and Pak-It:
Previous amended 8K/A filed Feb 9: (revision of the Javaco/PakIt acquisitions)
(a) JBI acquired Javaco on August 24, 2009. The purchase price was $2,650,000 consisting of 2,500,000 shares of our common stock and $150,000 in cash. The Company has used the share price on the date of aquisition to value our common shares. The elimination entry in consolidation removes the account for JBI's investment in Javaco.
(b) JBI acquired Pak-it on September 30, 2009. The purchase price was $4,615,000 consisting of 625,000 shares of our common stock and notes payable of $2,665,000 and $1,200,000. The Company has used the share price on the date of aquisition to value our common shares. The elimination entry in consolidation removes the account for JBI's investment in Pak-it. The majority shareholder pledged 10,000,000 shares of common stock if the notes were not repaid within 90 days. In the Pro Forma Statements the Company has assumed that notes were paid with those shares and no interest expense has been accrued.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011000632/f8k093009a3ex99v_jbi.htm
Today's version:
(a) JBI acquired Javaco on August 24, 2009. The purchase price was $2,650,000 and the payment of the purchase price has been assumed to be fully paid in shares. Goodwill amounting $1,976,830 has been assumed to be fair value of purchase consideration less values of assets acquired less liabilities assumed.
(b) JBI acquired Pak-it on September 30, 2009. The purchase price was $4,615,000 consisting of 625,000 shares of our common stock and notes payable of $2,665,000 and $1,200,000. The Company has used the share price on the date of acquisition to value our common shares. The majority shareholder pledged 10,000,000 shares of common stock if the notes were not repaid within 90 days. In the Pro Forma Statements the Company has assumed that notes were paid with those shares and no interest expense has been accrued. Goodwill amounting $2,668,584 has been assumed to be fair value of purchase consideration less values of assets acquired less liabilities assumed.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011001809/f8k082409a4ex99_jbi.htm
8KA again - what changed this time without rereading the 2 or 3 prior 8K/8KA on the proforma?
We all want this to work. Not just for the money - but for the entire premise of P2O and what it represents for our future and that of our children. What is beyond our level of understanding is the constant changes in the business plan, permits, auditors, directors, etc. JB stated at the beginning that there would be TOTAL transparency. Again, we question, we do our due diligence, we understand the basics of the process and we have learned a lot about the industry of turning our trash into usable fuel. What small assumptions. IMO.
I have come to realize why so many here cannot understand just what JBI is all about. The reason is simple. There are very few here who can comprehend something this big. The prospects are so large that it is past our level of understanding. So if we can't imagine or understand it then it can't be true right. There in lies the problem and part of the reason that less then 3% of people in north america have a net worth of $ 1 Million or more. So lets keep coming up with reasons that it can't work because if we can't understand it
then it must be destined to fail. What small thinking IMO.
I see an association to Harbour Communications during that time but it was associated with a Cecil Kidd. Any relation?
Thanks for the clarification. Their website manager should take the short minute to update the 2009 at the bottom of their page and perhaps update the news releases if they're in a push right now. Nothing worse than being an investor and links are old or broken when doing DD. Total turn off.