wow - when you put the chrono together - this jbii gets uglier and uglier.....
Aug 6: JBII fires Moore & Associates as their accounting firm sec.gov
Aug 6: JBII hires Seale and Beers, CPA to replace Moore sec.gov
Aug 14: Gregg Jaclin (JBII's Securities Lawyer) resigns from Domark Board of Directors sec.gov
Aug 17: JBII fires Seale and Beers, CPA sec.gov
Aug 14: JBII hires Gately & Associates to replace Seale and Beers, CPA sec.gov
Aug 24: JBII acquires Javaco from Domark for $150k cash and 2.5 million JBII shares. They also "Media Credits" valued at $10 million from Domark for 1 million JBII shares sec.gov
Aug 26: Thomas Kidd resigns as CEO of Domark sec.gov
Sep 10: Domark gives Thomas Kidd 3.5 million JBII shares as part of a debt settlement agreement. sec.gov
Sep 30: Thomas Kidd files his first Form 13D with the SEC reporting 5.51% ownership of JBII's OS (with 3.5 million shares) sec.gov
Sep 30: JBII acquires Pak-It for 625,000 shares of JBII stock plus $3,865,000 in promissary notes due on Dec 29 (a $1.2 million "Loan Agreement" note at 10% interest and a $2.665 million "Liability Note" at 10% interest) sec.gov
Oct 1: JBII enters into $144k/yr employment agreement with Ronald Baldwin (CPA) and assigns him as Pak-It CFO. sec.gov
Oct 20: R. Thomas Kidd transfers 100,000 JBII shares to parts unknown pursuant to an agreement with Media4Equity sec.gov
Dec 23: Thomas Kidd transfers 900,000 JBII shares to parts unknown pursuant to an agreement with JBI and Judith Vazquez (Kidd's sister-in-law & Javaco President). sec.gov
Dec 29: "Date of First Sale" for the as yet unannounced $.80 PIPE sec.gov
Dec 31: 2009 fiscal year-ends
Jan 1: Pak-It CFO Ronald Baldwin appointed to JBII Board of Directors sec.gov
Jan 6: JBII announces it has paid off all corporate debt plus accrued interest prior to Dec 31. No mention of the $.80 PIPE sec.gov
Jan 22: JBII announces $.80 PIPE - Date of First sale: Dec 29; 8,260,842 total JBII shares netting $6,608,673. JBII has also completed $1,768,353 in cash payments to settle the $1.2 million Pak-It "Loan Agreement" note and issued 3.42 million JBII shares at $.80 in exchange for $2.736 million owed on the $2.665 million Pak-It "Liability Note" (both notes issued Sep 30). sec.gov
Jan 22: JBII announces it has paid $397,644.44 of Javaco "debt and founder loans" from the proceeds of the $.80 PIPE sec.gov
Mar 29: Thomas Kidd and Scott Sieck (Kidd's successor as Domark CEO) enter into a "Debt and Securities Purchase Agreement". Kidd gives Sieck 250,000 restricted JBII shares in exchange for Sieck's Domark Preferred Series A stock, 1 million DMRK common shares as well as $534,271 debt owed to Sieck by Domark. Thomas Kidd now has 2.25 million presumably restricted JBII shares remaining and voting control of Domark. sec.gov
Apr 13: Thomas Kidd appoints himself to the position(s) of President, CEO, secretary, Principal Financial Officer and Director of Domark. sec.gov |