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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: scion who wrote (107)3/29/2010 10:32:39 AM
From: scionRead Replies (1) of 53574
 
JBII is conducting a small PIPE to payout all of the PakIt and Javaco debt and to have a number of P2O processors manufactured in China.

Posted by: guzaling Date: Tuesday, November 10, 2009 1:31:43 PM
In reply to: None Post # of 11021

e-mail from John

JBII is conducting a small PIPE to payout all of the PakIt and Javaco debt and to have a number of P2O processors manufactured in China.

This PIPE will close soon. Any stock purchased from the company is restricted for 6 months due to rule 144. You would not have to wait for a registration statement for the shares to be freely tradable.

Registration of shares are usually requested so that warrants acquired in a PIPE can be executed and sold without restriction. There are no warrants in this PIPE.

As I've stated before, I will be exchanging most of my stock for preferred so that the shareholders are not diluted when the PIPE is done.

Regards,

John Bordynuik
CEO
JBI

siliconinvestor.com

PIPE Offerings

"PIPE" stands for "private investment in public equity." In a PIPE offering, investors commit to purchase a certain number of restricted shares from a company at a specified price. The company agrees, in turn, to file a resale registration statement so that the investors can resell the shares to the public. To the extent that they increase the supply of a company's stock in the market, PIPE offerings can potentially dilute the value of existing shares.

sec.gov
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