4. Please revise the filing to disclose how you determined the historical and pro forma weighted average number of common shares outstanding. We note the historical. weighted average share amount of 63,700,000 for JBI for the six months ended June 30,2009 presented herein did not agree with the weighted share amount presented in the income statement included in JBI's June 30,2009 Form 10-Q.
Response:
The Company complied with this Staff comment by including note 2(m) in the Pro forma Condensed Combined Financial Statements included in the Amended Report filed on June 6 addressing the matters raised by this comment.
June 8, 2011
Sincerely,
JBI, INC.
/s/ John Bordynuik
John Bordynuik
President and Chief Executive Officer
http://www.sec.gov/Archives/edgar/data/1381105/000121390011003167/filename1.htm
2. Pro forma adjustments to the Condensed Combined Balance Sheet (Continued)
[...]
(m) Weighted average share computation
Additional shares have been assumed to be issued on June 30, 2009:
Wt. Av. shares Per Form 10Q/A for the quarter ended June 30, 2009 63,700,000
Issued 625,000 shares for acquisition of Pak-it 625,000
Issued 2,500,000 shares for acquisition of Javaco 2,500,000
Adjusted weighted average shares as of June 30, 2009 66,825,000
Amendment No. 5 to FORM 8-K/ A
Exhibit 99.2
http://www.sec.gov/Archives/edgar/data/1381105/000121390011003167/filename1.htm
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