News Focus
News Focus
Followers 99
Posts 19415
Boards Moderated 2
Alias Born 09/04/2000

Re: Steady_T post# 49928

Friday, 06/18/2010 1:13:11 AM

Friday, June 18, 2010 1:13:11 AM

Post# of 312102
so i guess the ceo was wrong?

e-mail from John


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
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y