Plastic2Oil Inc (PTOI)

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JBII >> NT 10-K filed




PART III - NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

JBI, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the period ended December 31, 2013 within the prescribed time period without unreasonable effort or expense because, as the Company reported in its Current Reports on Form 8-K dated February 24, 2014 and March 21, 2014, the Company’s Chief Financial Officer resigned in February and a new Chief Financial Officer was recently appointed. This change resulted in a delay in the preparation of the Company’s financial statements which, in turn, delayed commencement of the audit of the Company’s financial statements by the Company’s independent accountants. The Company is seeking to file its Annual Report within the extension period provided under Rule 12b-25, however, due to the delay in the start of the audit, there can be no assurance that the Company will be successful in filing prior to the expiration of the extension period.

PART IV - OTHER INFORMATION

(1)
Name and telephone number of person to contact in regard to this notification

Rahoul Banerjea

[phone]
(Name)

(Telephone Number)

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

Yes þ No o

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

Yes ¨ No þ


If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

JBI, Inc. has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date: March 31, 2014
By:
/s/ Rahoul Banerjea

Name: Rahoul Banerjea

Title: Chief Financial Officer


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