Plastic2Oil Inc (PTOI)

[dreaminbig]

JBI wasn't always a US company.

On February 10, 2009 the Company entered into a merger agreement with the subsidiary Company, John Bordynuik, Inc., a Canadian company. The Company issued 58,521,250 common shares in exchange for 234,085 common shares, or 100%, of the subsidiary, John Bordynuik, Inc., which is 250 common shares for each share. The merger is accounted for as a reverse merger and therefore the subsidiary’s financial statements become that of the Company’s. The shares issued by the Company are considered a private placement and therefore exempt from filing with the Securities and Exchange Commission. The following are the stock issuances of the subsidiary accounted for as the Company’s:

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6408414-151597-184273&SessionID=41yAFeDu1W-FxX7