Plastic2Oil Inc (PTOI)

[jjsmith]

HUGE BOMBSHELL - Another lawsuit filed against JBI and John Bordynuik! JBI Vice President of Mergers and Aquisitions files lawsuit. Unbelieveable. Why hasn't anyone posted this before? Why isn't this in the IBOX? Why isn't Kidds lawsuit in the IBOX? To provide a true unbiased and legal "ibox" these lawsuits should immediately be added. Not sure Mr. Kaplanis still works for JBI, but I can't imagine he would file suit while still being employed there. If he doesn't work there anymore wouldn't an 8K be needed? He wasn't hired by a subsiderary, he was hired by the parent company JBI so the loophole that allows companies to not file 8K's when a VP leaves wouldn't apply here. Anyone know if he still works there?

Two board members GONE..President of Javaco GONE..President of Pakit...GONE..Large shareholder Kidd files lawsuit...IN PROGRESS...Highly touted VP of Mergers and Aquisitions files Lawsuit...IN PROGRESS...unreal

Why do I always have to discover the truth? It is a shame that people are willing to hide the truth to make a buck. I predicted more lawsuits would follow the Kidd lawsuit and once again....bingo dead spot on again...THE TRUTH THE WHOLE TRUTH AND NOTHING BUT THE TRUTH!

Kaplanis v. JBI, Inc. et al
Share | Plaintiff: Michael Kaplanis
Defendants: JBI, Inc. and John Bordynuik

Case Number: 8:2010cv02140
Filed: September 27, 2010

Court: Florida Middle District Court
Office: Tampa Office [ Court Info ]
County: Pinellas
Presiding Judge: Elizabeth A. Kovachevich
Referring Judge: Anthony E. Porcelli

Nature of Suit: Contract - Other Contract
Cause: 28:1332
Jurisdiction: Diversity
Jury Demanded By: Plaintiff
http://dockets.justia.com/docket/florida/flmdce/8:2010cv02140/250009/

JBI, Inc. Hires Michael Kaplanis as Vice-President, Mergers & Acquisitions and Strategy
Friday February 12, 2010 5:15 pm ET


NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that Michael Kaplanis has been appointed as its Vice-President, Mergers & Acquisitions and Strategy. In this capacity, Mr. Kaplanis will be responsible for assisting JBI with accretive acquisitions, forming national and international P2O growth strategies, providing green energy analysis and helping to execute JBI's business model.

Michael graduated in May, 2006 Summa Cum Laude with a Bachelor of Arts, Biological Anthropology and Anatomy; History Minor, from Duke University, Durham, NC He was elected to Phi Beta Kappa in spring 2006 after completing a four-year curriculum in three years with a GPA 3.90/4.00. While at Duke, he was a member of the men's varsity football team and was a three year Atlantic Coast Conference Athletic Honor Roll honoree.

Mr. Kaplanis was recently employed as a Senior Associate -- Global Equities Energy & Utilities Group with Citadel Investment Group, LLC Chicago, IL where he was responsible for stock selection, quantitative risk analysis, portfolio construction and position sizing in a $250 million gross market value, beta neutral, long-short equities portfolio. While at Citadel, he provided fundamental research and investment insight to the Portfolio Manager in the $1.85 billion Global Energy L/S Portfolio. Michael built financial models and was responsible for full coverage for fifty-eight companies in the regulated utility, diversified utility, merchant power and electric service sub-sectors of the U.S. Utility Industry.

Previously, he served as an Investment Banking Analyst in the Global Power and Utilities Group with Morgan Stanley, New York, NY, where he advised corporations on various transactions including: corporate mergers and acquisitions, asset acquisitions and divestitures, equity and debt offerings, leveraged buyouts, credit assessments, dividend analysis and share repurchases. At Morgan Stanley, he performed extensive financial modeling including: accretion/dilution, discounted cash flow, leveraged buyout,comparable company and precedent transaction analysis.

Mr. Kaplanis' leadership positions include: Co-Program Coordinator for the Investment Banking Division's Incoming Analyst Training Program, Co-Head of the Operations Committee for Analyst Council Core Team and member of the Analyst Council.

As a summer intern while attending Duke he was assigned to the Private Client Group - Banking Strategy of UBS Global Wealth Management and Business Banking Weehawken, NJ. He assisted in quarterly forecasting and financial modeling for Small Business Lending program and the Credit Card launch Michael also analyzed competitor capabilities and programs and assisted in the creation of new internal broker memorandum.

Mr. Kaplanis has a keen interest in clean technology, smart grid deployment, next generation energy sources and green initiatives.

Michael Kaplanis commented, "When I studied JBI's business model, I was immediately impressed with the Company's dynamic growth potential and, in particular, the global expansion possibilities that I envision for its unique P2O technology. I look forward to enabling and accelerating JBI's growth through accretive acquisitions and leveraging P2O strategies."

John Bordynuih, JBI's CEO / President, concluded, "I am thrilled with Mr. Kaplanis' appointment. Michael is a highly-qualified professional leader, who brings important expertise to our growing and experienced management team. His successful background, analytical talents, business acumen, and energetic drive will clearly benefit our aggressive growth model."