In April 2009, Bordynuik bought a public shell company, and moved most of the assets and production facilities from his private company (JBI) into the public company. The public company now has a positive balance sheet, with revenues. The transaction was independently audited.
The company is fully reporting and compliant. Stock Symbol: JBII
Share Structure: 53M OS, of which 40M Restricted is owned by Bordynuik. That leaves a float of 13M shares.
The goal of the company is to move to the NASDAQ exchange within a few months. CEO will not consider FSing the stock until after it gets to NASDAQ, if then.
The company is profitable with an approximate .18 EPS.
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