News Focus
News Focus
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BRIG_88

04/21/11 11:28 AM

#102762 RE: scion #102761

No kidding? It's a start up and that's just what should be expected....
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goodboy2

04/21/11 11:30 AM

#102764 RE: scion #102761

Gee, I guess we should start executing them J/V agreements and eliminate that 2010 outstanding sums...

What would it take in....

How much in deposits alone for executing multiple agreements at a time would it take...

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scion

04/21/11 11:32 AM

#102765 RE: scion #102761

3. Seek additional financing.

We will require additional capital in order to develop our initial P2O sites and achieve our other business objectives.

We intend to seek additional capital through brokered and non-brokered sales of securities to investors.

Capital raised will be used to facilitate the development of the P2O business generally and more specifically to expedite the construction and operation of P2O processors.

page 7
http://www.sec.gov/Archives/edgar/data/1381105/000121390011002119/f10k2010_jbi.htm
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callthebank

04/21/11 11:33 AM

#102766 RE: scion #102761

I don't think a lot of that will matter
because he borrowed cash form some of the
shareholders And @ 6% I might add.
Not bad for the shareholders if they get it back.

Did anybody who posts on the board here help with the CASH?

OR not allowed to say.
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Rawnoc

04/21/11 11:33 AM

#102767 RE: scion #102761

You "forgot" to mention....

"Non-Recurring and Non-Cash Expenses
Many of the Company’s expenses in 2010 were non-cash and/or non-recurring expenses. Such non-recurring expenses have been primarily attributable to the preparation for the commercialization of Plastic2Oil, various legal expenses, the restructuring of Pak-It, and the preparation of the Fuel-Blending Facility"
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ergo sum

04/21/11 11:44 AM

#102771 RE: scion #102761

How are they financing this debt?