Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
John Bordynuik, Inc.(aka JBI)(Canada), John Bordynuik, Inc.(Delaware), JBI, Inc.(Nevada), JBI, LLC, JBI Canada, Inc., etc. etc. 2 shells - one with two names(TRTN/310 Holdings). Share counts so confusing a forensic accountant is needed. Shares given out like candy for "services rendered". A web of confusion.
Will there be more lawsuits? Where could they be filed?
It's almost as if Juicy Johnny made this as complicated as possible in anticipation of this sort of thing.
Why is that? JBI received permission to operate processor 1 in December 2010. They received final permitting for 3 processors last summer. Why didn't they build 2 and 3 while they were waiting? They could have been operating 3 processors continuously since last summer. Doubling production would have been icing on the cake. But noooooo.
There will ALWAYS be another excuse from JBI.
JBI, Inc. Plastic2Oil Process Commences Commercial Operation
Posted Dec 15th, 2010 in 2010 News Releases
THOROLD, Ontario, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Today, JBI, Inc. (JBI) (OTCQX:JBII) announces that it has entered into a formal Consent Order with the New York State Department of Environmental Conservation (DEC) Region 9, which will allow the Company to immediately run its Plastic2Oil process commercially and begin construction of an additional processor at its Niagara Falls, New York P2O facility.
There are no profits so far because the permit for the doubling of production per processor is still a couple of days in the the future and the third processor is still not running.
What will the revenue be on the 10Q? Care to hazard a guess?
JBI does not count orders as sales nor can orders be included in revenue.
P2O sales are recognized when the customers take possession of the fuel since at that stage the customer has completed all prior testing necessary for their acceptance of the fuel. At the time of possession they have arranged for transportation to pick it up and the sales price has either been set in contract or negotiated prior to the time of pick up. The Company negotiates the pricing of the fuel based on the quality of the product and the type of fuel being sold (i.e. Naphtha, Fuel Oil No.6 or Fuel Oil No. 2).
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
Page 57
Should show the order at least I would think.......et z
Total misinformation.
Do you have proof? A link? A letter from the SEC?
JBI made a simple accounting error that was approved by the sec florida office. Good luck to ya!
A lot of news expected this week.
Be sure to check these sites often for news of JBII.
http://www.osc.gov.on.ca/en/NewsEvents_index.htm
http://www.sec.gov/litigation/suspensions.shtml
I agree. JBI has a history of statements that didn't come true. Heck P2O Commenced in 2009 LOL. Just read the PR's on the company website. http://www.plastic2oil.com/site/news-releases
Doubtful. Will it be on time?
Does admin have anything to say about this thread?
It is 3 posts and some of the others also repeat them. It's crazy. I appreciate the commiseration.
It serves to distract attention from more serious matters, such as this:
For instance, here's a good dynamic to ponder:
If JBI-CAN PPers bought JBI-CAN shares and then "re-bought" JBI-NV shares from 310 Holdings shareholders (assuming JBI-DE shares were a net $ wash), where did the 2nd "tranche" of money come from to pay the 310 Holdings shareholders?
Perhaps Bordynuik is wondering how he can enlighten everyone.
Probably too late to get out. 10Q is due Thursday.
The John Bordynuik, Inc. (aka JBI) Ontario/Delaware and 310 and the arm's length agreement were in 2009. It's not a conspiracy. It's a scam.
I didn't know that about Canadian securities. OK, he only got a dollar since it's too late to do anything about it? It that the point?
You got a link proving that he got one red cent other than his salary?
Me neither.
As for whatever baseless conspiracy du jour that happened in 2008 in Canada, that 3 year statute of limitations in Ontario sure is a bitch.
"In Ontario, as in all provinces, an investor seeking to commence such an action must have leave of the Court to proceed with claims brought under the secondary market misrepresentation provisions (Part XXIII.1) of the Ontario Securities Act. A specific provision in the Act states that no action under Part XXIII.1 may be commenced more than three years after the misrepresentations at issue."
www.canadianappeals.com/2012/03/01/ontario-court-of-appeal-puts-a-strict-time-limit-on-secondary-market-misrepresentation-class-action
"The plaintiff in Sharma has not yet been granted leave to commence an action in respect of misrepresentations allegedly made in 2008. As a result of the Court of Appeal’s decision, the plaintiff's OSA claim is statute-barred."
http://www.torys.com/Publications/Pages/LDR2012-1_Ontario_Court_of_Appeal_Decision_Restricts_Securities_Class_Actions.aspx
If almost $3 million was raised, shouldn't it have been shown in the 'coffers' of JBI Delaware(Expedite 2) when JBI DE bought John Bordynuik Inc (the Ontario company)?
Ah. I get it. The acquisition was a sham. He acquired "certain" assets of JBI/JOhn Bordynuik Inc. Paid himself over 800,000 shares of JBI and even though he PR'd originally that JBI bought John Bordynuik Inc/JBI - that's not what happened. JB kept the shares and the money. I'd work for a dollar too if I had raised millions of dollars or left town.
I don't understand why he's not in more trouble.
Inconsistencies. It's glaring.
John Bordynuik is the founder of the Company and has served as the Chairman, CEO, and President of the Company since 2009.
Prior to that, Mr. Bordynuik was President and CEO of John Bordynuik, Inc, a Company acquired by JBI, Inc. as well as a consultant at MIT's Computer Science and Artificial Intelligence Laboratory in their Math and Computation Group. He addressed MIT's legacy computer data issues by developing highly sophisticated technology to read these tapes and has since recovered all of the research stored on more than 10,000 tapes.
Mr. Bordynuik attended Brock University from where he was directly hired into the Ontario Legislature.
[...]
We were incorporated on April 20, 2006 under the laws of the State of Nevada under the name 310 Holdings Inc. (“310”).
On April 24, 2009, John Bordynuik, purchased 63% of the issued and outstanding shares of 310 and became our chairman and chief executive officer and we commenced the development of the P2O business.
On June 25, 2009, we purchased certain assets from John Bordynuik, Inc., a corporation founded by Mr. Bordynuik. The assets acquired included tape drives, computer hardware, servers and a mobile data recovery container to read and transfer data from magnetic tapes. All of the assets purchased are used in our Data Business.
On August 24, 2009, we acquired all of the outstanding shares of Javaco, Inc., a wholly owned subsidiary of Domark International, Inc. On September 30, 2009, we acquired 100% of the issued and outstanding equity interests of Pak-It, LLC. We formed JBI (Canada) Inc. on February 9, 2010 for purposes of distributing Pak-It products in Canada.
From inception until August 2009, we were a shell company within the meaning of the rules of the Securities and Exchange Commission. On October 5, 2009, we changed our corporate name to JBI, Inc. On February 10, 2012, we sold substantially all the assets of Pak-It. Our common stock is quoted on the OTCQB Market under the symbol “JBII”.
Jbi/Inc · 10-K/A · For 12/31/11
www.secinfo.com/d151E3.p22a.htm?Find=data&Line=633#Line633
But wait...didn't he melt down the tapes? Did he get all of the data from them before he left them sitting outside in the rain?
My guess is there has to be alot more gems in the world's largest engineering archive. The good news is this guy has never lied about anything.
He met a few "friends" here.
In early April I participated in Harvard's Corporate Restructuring, Mergers, and Acquisitions - Creating Value in Turbulent Times.
John Bordynuik
President and CEO
310 Holdings Inc.
289-668-7222
john@310holdings.com
Funny - no mention of P2O
Message from the CEO:
June 5th, 2009 - To the shareholders of 310 Holdings Inc:
I, John Bordynuik, have recently acquired 63% of 310 Holdings Inc (TRTN).
I will not affect a reverse stock split of TRTN. I will not reverse merge another company into TRTN.
TRTN will be in a state of transition. I expect this to occur over the next month as I hire engineers, staff, move resources, and acquire a building for TRTN. TRTN will acquire assets, technologies and companies that have great value and would be profitable if they weren't so severely overleveraged with debt, excessive staff, and other draining systems. TRTN will also monetize IP that I presently own, or IP gained from mining old data. I have a significant reputation in the magnetic media and data migration industry which I believe will benefit the shareholders of 310 Holdings Inc. I also have an excellent working relationship with NASA and many other organizations which will positively affect the integrity and opportunities of this company.
In early April I participated in Harvard's Corporate Restructuring, Mergers, and Acquisitions - Creating Value in Turbulent Times. I have a new network of acquaintances who share my business views and have offered assistance. There are many opportunities in the US and I will focus our efforts in sectors that my staff and I have experience in.
As always, my primary focus is to maximize shareholder value. This can be best executed with the right new technology, assets, and talent.
Regards,
John Bordynuik
President and CEO
310 Holdings Inc.
289-668-7222
john*310holdings.com
I'm sure there are a lot of things John Bordynuik will be explaining to the SEC. The inconsistencies in the JBII SEC filings are ongoing.
Besides putting a poster on ignore, how do you handle posts on mobile devices that are so large they freeze the device? One poster posts the same post twice a day on a board that has a post limit of 10 posts for all posters - I think he's trying to stretch his post limits by lumping everything into these huge posts. This post in particular is 6,171 words and 845 lines PLUS images. When you copy it to a word document it's 19 Pages!
An intelligent, experienced person wouldn't accept a position with JBI under the current circumstances. I was surprised he was able to hire a CFO. Imagine having JBI on your resume....shudder.
This move by Bordynuik makes it look as if he wants to surround himself with people who are too dumb and inexperienced to realize the role they are playing in enabling his stock fraud scam.
Only a few days til the 10Q Hope no one is disappointed.
Is there another pipe? Looking at the history, makes sense.
The XTR Energy agreement will require the Company to purchase third party fuels to blend with its P2O fuel output
It's on the JBI company website under news releases. December 29, 2011.
I also suggest you read the news release about XTR.
Simple DD.
JBI has to BUY transportation grade fuel to blend with the output of the Niagara Falls faciltiy after it is shipped to the blending facility.
These products are the fuel output of JBI, Inc.’s Plastic2Oil® (“P2O”) process, which will then be blended and made available through the Company’s Blending Site in Thorold, Ontario (“Thorold Terminal”).[/b
plastic2oil.com/site/news-releases-master/2011/12/23/jbi-inc-signs-multi-year-transport-fuel-take-off-agreement-with-xtr-energy
Funny how NYSE:OXY is no longer listed on the JBI website.
Never could figure out why they would need JBI's stuff when Occidental Petroleum is one of the largest petroleum companies in the US. http://www.oxy.com/OurBusinesses/Pages/OurBusinesses.aspx
True. It is unaudited. Can always be corrected in the K next spring.
Most of us don't see this as a threat
Only a few trading days until the 10Q is due.
Just for petroleum distillates and knowing they had to shut down number 1 to install number 2 and thinking number 2 was probably being tinkered with for a while after they moved it into the old building. Maybe 127,493 for revenue, not profit.
But that's never been the premise of P2O. The premise from day one was the catalyst that would make it possible to make huge profits because they could make OIL at 10 dollars a barrel. Are they turning plastic into OIL for 10 dollars a barrel?
Lots of companies are turning plastic into fuel. Nothing new. Will John use some of his money or shares to invest in the company if it needs it?
You're welcome. What are you including in the P2O revenue? I need that information prior to making an estimate. Also, do you know if the revenues from the different P2O divisions will be broken out as promised?
Do you think the 10Q will be on time next Thursday or will it be delayed?
JBI directors and officers have been lax in the past with ownership filings and identifying shares going to directors and officers as you've pointed out in recent posts and is clearly stated when you read the SEC filings. Either very late or not at all. Not much surprises me at this point except JBII hasn't been suspended by the SEC.
And future filings show other expenses & services paid in shares. Do you think that was Bordynuik again?"
What I think doesn't matter. Ask anybody :o)
In THEORY, I believe any shares issued to the CEO would have to be identified as such in the current reports. They would certainly have to be reported in his beneficial ownership filings.
For instance, I don't think this could include any directors or officers without identifying them:
"On June 23, 2011, the board of directors authorized the issue of 266,971 shares of common stock to certain employees at an expense of $1,049,196 as compensation for services provided...."
That's the rule as I understand it anyway.
And future filings show other expenses & services paid in shares. Do you think that was Bordynuik again? My head is positively spinning! This reminds me of that old shell game where you had to figure out where the marble went. A forensic accountant should be able to sort it out.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm
NOTE 12 – SHAREHOLDERS’ EQUITY
(a) Common Stock and Additional Paid in Capital
From December 2009 through January 14, 2010, the Company consummated a private placement with certain accredited investors for the issuance and sale of 8,439,893 shares of the common stock. The offering was at $0.80 per share and the Company received proceeds of $5,583,456, net of share issue cost of $161,529, for the issuance of 7,179,983 shares. The Company also had subscriptions for an additional 1,022,410 shares for proceeds of $817,928. The private placement was conducted on a best efforts basis with a minimum investment of $10,000 by the Company’s officers and directors.
F-22
In connection with the acquisition of Pak-It, the Company also converted a total of $2,156,775 of debt owed to the Pak-It members and lien holders at a per share price of $0.80. The Company issued 3,420,000 shares of common stock in conjunction with this debt conversion. In addition, the Company issued 128,750 shares as commission related to the acquisition of Pak-It, which was expensed.
The private offering and issuance of shares to the Pak-It members and lien holders was an unregistered sale of securities conducted pursuant to Rule 506 of Regulation D or Regulation S promulgated there under. Such securities were not registered under the Securities Act of 1933.
In 2010, the Company received proceeds of $976,038, net of share issue costs of $31,890, which consists of subscription receivable of $817,928 and $158,110 for the additional issuance of 237,500 shares pursuant to the aforementioned December 2009 private placement.
In March 2010, our President and CEO returned to the treasury of the Company and retired a total of 21,200,000 shares of common stock.
In May 2010, the Company consummated a private placement with certain accredited investors for the issuance and sale of up to 1,000,000 shares of common stock at a per share price of $4.00. The net proceeds received by the Company were in the amount of $1,915,126, net of share issue cost of $ 39,900, for the sale of 488,779 shares.
In 2010, the Company issued 1,239,397 shares of stock as compensation to various parties at an expense of $3,791,971. The shares issued have been valued at the closing share price on the respective approval dates and were reported as operating expenses in the statement of operations.
On March 25, 2011, the Company closed an asset purchase agreement to purchase land and building from an independent party. Under the terms of the aforementioned agreement, the Company was to issue 44,964 shares of common stock, par value $0.001 per share, valued at $26,979 as part of the consideration. During the period, the Company issued the 44,964 shares of common stock to the vendor.
In December 2010, the Company consummated a private placement with certain accredited investors for the issuance and sale of 2,430,000 shares of common stock at a price of $0.50 per share. The Company received proceeds in the amount of $1,189,000, net of share issue costs of $26,000. The 2,430,000 common shares were issued on January 19, 2011. These shares were included in common stock subscribed at December 31, 2010.
On January 19, 2011, the Company issued 223,334 shares of common stock as compensation to various parties for services provided during 2010. The shares were valued at $145,167 and had been properly accrued in 2010.
F-23
On January 28, 2011, the Company issued 100,000 shares of common stock to a former employee as severance expense of $82,000. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On March 1, 2011, the Company issued 375,000 shares of common stock to two individuals at an expense of $300,000 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On March 12, 2011, the Company issued 240,924 shares of common stock to various parties at an expense of $192,739 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On April 15, 2011, the Company issued 184,099 shares of common stock to various parties at an expense of $390,290 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On May 17, 2011, the Company issued 214,286 shares of common stock valued at $150,000 to an individual for reimbursement for expenses incurred on the Company’s behalf ($50,000) and repayment of temporary cash advances provided to the Company ($100,000). The $50,000 of shares issued have been reported as operating expenses in the consolidated statement of operations and $100,000 of shares have been applied against the temporary cash advance provided to the Company. The $100,000 advance was settled in stock issued as part of the May 2011 private placement at $0.70 per share.
On May 17, 2011, the Company issued 125,000 shares of common stock valued at $408,750 to an individual for investor relations and other related services to be rendered to the Company. The shares issued have been valued at the closing share price on the respective approval date and was reported as operating expenses in the consolidated statement of operations.
In June 2011, the Company consummated a private placement for the issuance and sale of 2,010,484 shares of common stock at a price of $0.70 per share. The Company received gross proceeds in the amount of $1,407,338, net of share issue costs of $Nil. The Company also had subscriptions for an additional 407,143 shares for proceeds of $285,000. The 407,143 common shares were issued September 22, 2011.
On June 12, 2011, the Company issued 210,000 shares of common stock to various parties at an expense of $178,500 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On June 15, 2011, the Company issued 205,307 shares of common stock to various parties at an expense of $164,246 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
F-24
On June 22, 2011, the Company issued 49,658 shares of common stock to various parties at an expense of $206,081 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On June 23, 2011, the board of directors authorized the issue of 266,971 shares of common stock to certain employees at an expense of $1,049,196 as compensation for services provided. The shares were valued at the closing share price on the respective dates of approval and were reported as operating expenses in the consolidated statement of operations. The 266,971 common shares were issued July 5, 2011.
In June 2011, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 8,157,057 shares of common stock. The offering was at $0.70 per share and the Company had subscriptions for these shares which amounted to $5,709,940. The Company received $5,688,940 of these proceeds. The balance of $21,000 was not received and resulted in 30,000 shares not being issued. The 8,127,057 common shares were issued July 8, 2011.
On July 19, 2011, the Company issued 313,460 shares of common stock to various parties at an expense of $912,169 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On July 28, 2011, the Company issued 1,228,857 shares of common stock to various parties as a finders’ fee related to the private placements consummated in June 2011.
On August 17, 2011, the Company issued 60,000 shares of common stock to an individual at an expense of $138,000 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
In August 2011, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 1,428,571 shares of common stock at a price of $0.70 per share. These shares were issued November 14, 2011. The Company received gross proceeds in the amount of $1,000,000 and was obligated to issue 142,857 common shares as a finder’s fee related to this placement. The 142,857 common shares were issued August 23, 2011.
On August 25, 2011, the Company issued 75,000 shares of common stock to various parties at an expense of $141,750 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the statement of operations.
On September 13, 2011, the Company issued 40,000 shares of common stock to various parties at an expense of $74,400 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On September 22, 2011, the Company issued 82,500 shares of common stock to various parties at an expense of $152,625 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
F-25
In August 2011 the board of directors authorized the issue of shares of common stock to certain directors as payment of directors’ fees. The shares are to be issued in two lots with each lot having an aggregate value of $35,000. The number of shares to be issued in the first lot was determined based upon the closing market price on the approval date of August 1, 2011 and resulted in the issuance of 19,444 common shares on September 30, 2011. The number of shares to be issued in the second lot will be determined based upon the closing market price on December 31, 2011. The expense of $35,000 related to the first payment was reported as operating expenses in the consolidated statement of operations. The second lot of shares were approved and subscribed as of December 31, 2011.
On September 30, 2011, the Board of Directors approved the issuance of 24,009 shares of common stock to an individual at an expense of $31,932 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On October 5, 2011, the Company issued 219,049 shares of common stock to various parties at an expense of $131,429 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On October 13, 2011, the Company issued 25,290 shares of common stock to various parties at an expense of $42,836 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On November 2, 2011, the Company issued 157,983 shares of common stock to various parties at an expense of $227,496 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On November 9, 2011, the Company issued 500,000 shares of common stock to various parties as a finders’ fee related to the confidential private placements consummated in 2011.
On November 18, 2011, the Company issued 25,000 shares of common stock to various parties at an expense of $24,750 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On November 21, 2011, the Company issued 75,000 shares of common stock to various parties at an expense of $99,000 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
F-26
On December 8, 2011, the Company issued 550,000 shares of common stock to various parties at an expense of $847,000 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
On December 14, 2011, the Company made an agreement with a lender to convert the outstanding loan balance in the amount of $106,000 into subscriptions for common stock of the Company at a price of $1 per share as offered in the December private placement (see Note 19). The Company issued 106,000 shares in settlement of the loan and accrued interest, and 85,000 shares for a finder’s fee related to the December 2011 private placement.
On December 14, 2011, the Company issued 1,206 shares of common stock to various parties at an expense of $1,688 as compensation for services provided. The shares issued have been valued at the closing share price on the respective approval date and were reported as operating expenses in the consolidated statement of operations.
In December 2011, the President and CEO returned and retired 3,000,000 shares of common stock.
Between December 30, 2011 and January 6, 2012, JBI, Inc. (the “Company”) entered into separate Subscription Agreements (the “Purchase Agreements”) with 13 investors (the “Purchasers”) in connection with a private placement of units consisting of one share of common stock and a warrant (the “Warrants”) to purchase 0.5 shares of common stock. The Company received proceeds from certain of the Purchasers in advance of the closing date in the amount of $3,026,000; these proceeds have been classified as Stock Subscriptions Payable in the Current Liabilities Section of the Balance Sheet.
(b) Warrants
On November 1, 2010, the Company issued warrants totaling 113,750 in conjunction with capital raising services provided to the Company in 2009 having an exercise price of $0.80 and expiring on November 1, 2013. These warrants were not exercised as at December 31, 2010 and were cancelled subsequent to year end.
(c) Preferred Stock
The Company’s President and CEO holds all outstanding 1,000,000 shares of Preferred Stock. These shares have no participation rights, however, they carry super voting rights in which each share of Preferred Stock has 100:1 times the voting rights of common stock.
NOTE 13 – RELATED PARTY TRANSACTIONS AND BALANCES
F-27
During 2010, the Company’s President and CEO returned 21,200,000 shares of Common stock to the treasury.
In June 2010, the Company acquired a fuel-blending site from a minority shareholder for $129,883 (CDN $130,000). Further, in October 2010, the Company issued an additional 20,000 shares of common stock to this individual as compensation for services provided in conjunction with setting up the property for operations.
On October 15, 2010 the Company entered into an unsecured short-term loan agreement with an existing shareholder in the amount of $200,000 (Note 8). Subsequent to year end, this loan was repaid in full through the issuance of common stock.
In November, 2010, the Company entered into an unsecured short-term loan agreement with a board member in the amount of $30,000 (Note 8). This note was extended for an additional one year period and bears the same terms as the original note.
On December 1, 2010 the Company entered into a secured short-term loan agreement with an existing shareholder in the amount of $100,000 (Note 8). During 2011, this loan was repaid in full through the issuance of common stock.
On December 14, 2010 the Company entered into a short-term loan agreement with an existing shareholder in the amount of $35,000 (Note 8). During 2011, this loan was repaid in full through the issuance of common stock.
During 2010, Javaco had sales of $1,010,919 to a company related to the former president of Javaco who was terminated during 2010. The Company had no sales to the related company in 2011.
During 2011, the Company’s President and CEO returned 3,000,000 shares of common stock to the treasury
I've been wondering the same.
66,667 Sold in the $7.00 range? Cool 1/2 a million?
809,593 Sold in the $7.00 range? Cool 5.6 million?
Amazing what you can do on $1.00 salary per year. Amazing.
Low volume. Low price. Wonder why no one is picking up the cheapies?
Lots of PR's during that period.
JBI, Inc. Provides Update on Release of Quarterly Filing
May 26th, 2010
JBI, Inc. Completes Private Placement
May 21st, 2010
JBI, Inc. Completes Employment Agreement for CEO John Bordynuik
May 20th, 2010
JBI, Inc.'s JAVACO Division Increases Sales 52%
Apr 26th, 2010
JBI, Inc. Announces That IsleChem Validated Their Plastic to Oil Process
Apr 13th, 2010
JBI, Inc. Previews Annual Shareholders' Meeting
Apr 12th, 2010
JBI, Inc. Updates Details on Annual Shareholders' Meeting Set for April 24, 2010
Mar 26th, 2010
JBI Inc. Executes Letter of Intent to Acquire U.S. Air Filtration Company
Feb 13th, 2010
AS PTO, LLC Enters Into JV/License Agreement With ES Resources, LLC for First P2O Processing Site in Florida
Feb 12th, 2010
Ohio P2O, LLC Submits a Reservation Deposit and Development Agreement for a Potential P2O Processing Site in Cleveland/Columbus Ohio Region
Feb 12th, 2010
JBI, Inc. Sets Annual Shareholders' Meeting Date for April 24, 2010
Feb 12th, 2010
AS PTO, LLC Accepts Reservation Deposit With Tampa PTO, LLC for a Potential P2O Processing Site in Florida
Feb 12th, 2010
JBI, Inc. Executes Area Development Agreement (ADA) With AS PTO, LLC for 45 Sites in Florida
Feb 12th, 2010
JBI, Inc.'s P20 Marine, Inc. & Rick Heddle's RWH Marine Consulting, Inc. Sign Principal Definitive Contract for a P2O Ship Development Agreement (SDA)
Feb 12th, 2010
JBI, Inc. -- IsleChem Contributions to P2O
Feb 12th, 2010
JBI, Inc. Acquires New York Processing Facility
Feb 12th, 2010
JBI, Inc. Hires Michael Kaplanis as Vice-President, Mergers & Acquisitions and Strategy
Feb 12th, 2010
JBI Inc. CEO Will be a Guest Speaker at African Petroleum Producers Association Event
Feb 12th, 2010
JBI, Inc. Hires Experienced Ship Captain Michael Moneyhan to Oversee P2O Ship Expansion
Feb 12th, 2010
JBI, Inc. Hires Four Seasoned Sales Reps for Pak-It Canada Launch
Feb 12th, 2010
JBI, Inc. Acquires Large Independent Fuel Blending and Distribution Site
Feb 12th, 2010
JBI, Inc. Begins Taking Applications for Plastic2Oil Licenses
Feb 12th, 2010
JBI, Inc. Appoints Chief Operating Officer Dr. Jacob Smith to Its Board of Directors
Feb 12th, 2010
JBI, Inc. Appoints Theodore J. Henry to Its Board of Directors
Feb 12th, 2010
JBI, Inc. Appoints Amy Bradshaw to its Board of Directors
Feb 12th, 2010
JBI, Inc. Appoints John M. Wesson to Its Board of Directors
Feb 12th, 2010
JBI, Inc. Announces Conference Call to Update Investors
Feb 1st, 2010
JBI, Inc. Selects Western Creative for Pak-It Consumer Retail Launch
Jan 12th, 2010
JBI, Inc. Appoints Dr. Jacob Smith as Chief Operating Officer
Jan 11th, 2010
JBI, Inc. is Debt-Free
Jan 6th, 2010
JBI, Inc. Appoints Ronald Baldwin, Jr. as CFO
Jan 4th, 2010
2009 News Releases
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing
Dec 22nd, 2009
JBI, Inc. Will Become Debt-Free on December 29, 2009
Dec 18th, 2009
Wall Street Reporter, Inc. Interviews JBI, Inc. CEO John Bordynuik
Dec 10th, 2009
JBI, Inc. CEO Reduces Outstanding Common Shares by 12 Million
Dec 8th, 2009
JBI, Inc. Announces Interactive Conference Call Details
Nov 19th, 2009
JBI, Inc. Provides an Update on Corporate Progress
Nov 5th, 2009
310 Holdings, Inc., Changes Name to JBI, Inc. and Reports Profitable 9 Month Results
Oct 8th, 2009
310 Holdings Inc. Announces that Independent Lab Tests Confirm Plastic to Oil Fuel Passes ASTM Tests
Oct 2nd, 2009
310 Holdings Inc. Announces Growth Management Team Additions to Pak-It
Oct 1st, 2009
310 Holdings Inc. Acquires Chemical Company Pak-It
Oct 1st, 2009
310 Holdings Inc. Executes Letter of Intent to Acquire U.S. Chemical Company
Sep 9th, 2009
310 Holdings Inc. Files for Name Change to JBI
Sep 3rd, 2009
310 Holdings, Inc. has Completed the Acquisition of Javaco Inc.
Aug 28th, 2009
310 Holdings Inc. Provides Shareholder Update and Will File 10Q On Monday, August 17
Aug 14th, 2009
310 Holdings Inc. Provides an Update On Their P20 Process and Technology
Aug 11th, 2009
310 Holdings Inc. Announces an Impending Letter of Intent
Aug 10th, 2009
310 Holdings Inc. is Opening a New Cambridge Tape Reading Facility
Jul 28th, 2009
310 Holdings Inc. Announces Detailed Update for All Shareholders and Prospective Investors on the Definitive Agreement
Jul 15th, 2009
310 Holdings Inc. Files Patent Application for Plastic2Oil Technology
Jul 9th, 2009
310 Holdings Inc. Celebrates Completion of Newest Generation of Tape Reading Technology
Jul 8th, 2009
310 Holdings Inc. Announces Private Placement and New Massachusetts Office Location
Jun 30th, 2009
310 Holdings Inc. Reads (Transcribes) Seismic Data Stored On Legacy Computer Backup Tapes Due to Acquisition of John Bordynuik Inc.
Jun 26th, 2009
310 Holdings Inc. Enters Into Definitive Asset Purchase Agreement With John Bordynuik Inc.
Jun 25th, 2009
310 Holdings Inc. Commences Operations With Plastic2Oil Processor
Jun 16th, 2009
The only reality you really need............
1) JBI was OVER $4.00 share for 146 consecutive days from December 23rd, 2009 through May 18th, 2010.---WTF happened????
To amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock we may issue from 70,000,000 to 150,000,000 (the “Share Increase”)
JB returned them after he doubled the shares in the company and to himself.
The purpose of this Information Statement is to inform the holders of record, as of the close of business on November 6, 2009 (the “Record Date”), of shares of the common stock with voting power of JBI, Inc., a Nevada corporation (the “Company”), that our Board of Directors and a majority shareholder of approximately 52% of our common stock with voting power as of the Record Date have giving written consent as of November 6, 2009, to approve the following:
To amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock we may issue from 70,000,000 to 150,000,000 (the “Share Increase”)
These actions were approved on November 6, 2009, by our Board of Directors and a shareholder who holds a majority of our issued and outstanding voting securities. We anticipate an effective date of December 11, 2009, or as soon thereafter as practicable in accordance applicable law, including the Nevada General Corporation Law (“NGCL”).
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003338/def14c_jbi.htm
Everyone should read the press releases starting in 2009. How few of these have actually been realized? Credibility.
http://www.plastic2oil.com/site/news-releases
Everyone should read at least the 10K's going back to 2009.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001381105&type=10&dateb=&owner=exclude&count=40
Simple DD.
10Q DUE IN 1 WEEK, ONLY 7 DAYS Unless it's late.
8 days and counting down...
FIRST QUARTER NUMBERS DUE!!
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001381105&owner=exclude&count=40
REVENUE? WE'LL SEE NEXT THURSDAY. (if it's not late...again)
WILL JBI BREAK OUT THE FUEL FROM THE CARDBOARD AS PROMISED IN HIS CONFERENCE CALL? He didn't 4th quarter.
Hey - any word on the AGM? No permits on record for Ohio.