Replies to post #254503 on Plastic2Oil Inc (PTOI)

[Risicare]

sounds like BULLSHIT to me, especially since the detector was sold in 2006, 3 whole years BEFORE JBI came into existence

LOL some of the wild imaginations are actually funny


Bordynuikshit!

"JBI holds a US patent (7,115,872) for a dirty bomb detector and is exploring the possibilities of licensing this technology to the market."

http://www.getfilings.com/sec-filings/100127/JBI-INC_8-K.A/

[wEaReLeGiOn]

"Mr. Bordynuik was granted a broad US patent (7,115,872) for a dirty bomb detector in 2006."

"JBI holds a US patent (7,115,872) for a dirty bomb detector and is exploring the possibilities of licensing this technology to the market."

"JBI owns a broad-based patent for a handheld and network able dirty bomb detection sensor. JBI has not built or sold any product under this patent to date."

http://www.getfilings.com/sec-filings/100127/JBI-INC_8-K.A/

Date of report (Date of earliest event reported): February 10, 2009

http://www.sec.gov/Archives/edgar/data/1415602/000121390009000261/f8k021009_expedite2.htm

Effective October 7, 2006 the Company entered into an agreement to license a patent to license a patent for portable radiation detector from John Bordynuik. This agreement includes the license for US patent #7,115,872 Portable Radiation Detector and Method of Detecting Radiation. Consideration paid by the Company to John Bordynuik included a one time $176,960.

Mr. Bordynuik was granted a broad US patent (7,115,872) for a dirty bomb detector in 2006. Mr. Bordynuik continues to innovate and develop niche market products for JBI.


Mr. Bordynuik is filing patents to protect technologies developed to recover data from old media.
page 5

Expenditures:
Salaries: $736,000.00
Office Rent: $82,666.00
Accounting: $50,000.00
Legal: $50,000.00
Patents: $50,000.00
Total: $968,666.00
Page 13

8-K
sec.gov

JBI holds a US patent for a dirty bomb detector and is exploring the possibilities of licensing this technology to the market

Mr. Bordynuik was granted a broad US patent (7,115,872) for a dirty bomb detector in 2006. Mr. Bordynuik continues to innovate and develop niche market products for JBI.

Mr. Bordynuik is filing patents to protect technologies developed to recover data from old media.

Patent Agreement

Effective October 7, 2006 the Company entered into an agreement to license a patent to license a patent for portable radiation detector from John Bordynuik. This agreement includes the license for US patent #7,115,872 Portable Radiation Detector and Method of Detecting Radiation. Consideration paid by the Company to John Bordynuik included a one time $176,960. In addition, consideration of 6,000 shares of the Company common stock will also be paid to John Bordynuik and will be held in trust for John Bordynuik’s children.

In addition to the consideration outlined above, in the event the Company sells, or licenses any part of the license for US Patent # 7,115,872 Portable Radiation Detector and Method of Detecting Radiation consideration of 10% of any licensing fee and 15% of any research and development funding will be paid to John Bordynuik.

Expedite 2 Inc · 8-K · For 2/10/09 · EX-99.1
sec.gov

First Named Inventor: John William Bordynuik , Ontario, (CA) Issue Date of Patent: 10-03-2006

Patent Expired Due to NonPayment of Maintenance Fees Under 37 CFR 1.362

First Named Inventor: John William Bordynuik , Ontario, (CA) Issue Date of Patent: 10-03-2006

7115872

portal.uspto.gov

United States Patent 7,115,872
Bordynuik October 3, 2006

Portable RADIATION detector and method of detecting RADIATION

Courtesy of Scion =)

sounds like BULLSHIT to me, especially since the detector was sold in 2006, 3 whole years BEFORE JBI came into existence