Thursday, June 21, 2012 1:14:52 PM
Only stockholders of record as of the close of business on June 15, 2012 (the “Record Date”) will be entitled to notice and vote at the Annual Meeting and any adjournment or postponement thereof. As of the June 15, 2012 there were 88,883,567 shares of common stock of the Company, issued and outstanding and entitled to vote representing approximately 618 holders of record. In addition, 1,000,000 Series A Super Voting Preferred Shares are issued and outstanding, all of which are held by Mr. John Bordynuik, an employee of the Company and, until recently, the Company’s Chief Executive Officer, President and Chairman of the Board of Directors. The Series A Super Voting Preferred Shares entitle the holder to one hundred (100) times the number of votes that holders of common stock are entitled to on all matters submitted to stockholders for their action or consideration. Stockholders may vote in person or by proxy. Each holder of shares of common stock is entitled to one vote for each share of stock held on the proposals presented in this Proxy Statement. The Company’s bylaws provide that a majority of all the shares of stock entitled to vote, whether present in person or represented by proxy, shall constitute a quorum for the transaction of business at the Annual Meeting. The enclosed Proxy reflects the number of shares that you are entitled to vote. Shares of common stock may not be voted cumulatively.
http://www.sec.gov/Archives/edgar/data/1381105/000121390012003423/def14a0612_jbi.htm
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