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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: scion who wrote (861)5/31/2010 9:45:53 PM
From: SteveFRead Replies (1) of 53574
 
JBII (the Nevada-incorporated JBI, Inc) pays CEO John Bordynuik $1 per year salary. How much does the Delaware-incorporated JBI, Inc. pay John Bordynuik to remain their President?

Delaware JBI swapped all of their assets and business to the Nevada JBI for 809,593 shares of JBII stock and even gave them $200,000 in a private placement for 66,667 more shares.

With no assets or revenue (and all that stock) how does DE JBI get the money to pay their President's salary? Where did they get the $200,000 for the PIPE?
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