Thursday, April 04, 2013 8:36:38 PM
http://www.sec.gov/Archives/edgar/data/1381105/000121390013001144/f10k2012_jbi.htm
See p.6.
If this is true, why would JBI RE#1 not be a material subsidiary?
"During February, 2010, the Company formed a wholly owned New York corporation, JBI RE #1, Inc. to secure an industrial building in Niagara Falls, NY. This building will house the first commercial operation of the P2O entities."
Why would the company use a subsidiary to apply for those permits? And if there's a reason to do so, why would they not use this subsidiary?
"In May, 2010 the Company formed a wholly-owned New York limited liability company, Plastic2Oil of NY #1, LLC, to operate the P2O operations and R&D functions at the Niagara Falls, NY facility."
Who are the officers of these wholly owned subsidiaries?
Why was one incorporated and the other organized as an LLC?
Beelzebub, I've been hoodwinked!
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