Thanks to Rawnoc for pointing out that today's Form D (and D/A) is misleading about the "Date of First Sale" for the $.70 PIPE. They amended the Form D to correct the addresses in 23 minutes so I have to assume this is intentional:
Date of First Sale: 2011-05-17
sec.gov
On June 7, 2011, JBI, Inc., (the “Company”) consummated a confidential private placement (the “Private Offering”) with certain accredited investors for the issuance and sale of 6,468,979 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”) at per share price of $0.70 for aggregate offering proceeds of $4,528,285. The offering proceeds will be used by the Company as working capital and to build additional P20 processors. The Private Offering was conducted on a best efforts basis with a minimum investment of $7,000 by the Company’s officers and directors.
sec.gov
But from the 10K:
In April 2011, the Company consummated a confidential private placement for the issuance and sale of 2,010,481 Common stock, at a price of $0.70 per share. The net proceeds received by the Company in the amount of $1,407,337 will be used for working capital management, and development and preparation of the commercial operations of the P2O business.
sec.gov
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siliconinvestor.com
Rawnoc Member Profile Rawnoc Member Level Share Tuesday, June 07, 2011 10:12:41 PM
Re: Justice37 post# 111502 Post # of 111528
LOL, it was in the 10K
"In April 2011, the Company consummated a confidential private placement for the issuance and sale of 2,010,481 Common stock, at a price of $0.70 per share. The net proceeds received by the Company in the amount of $1,407,337 will be used for working capital management, and development and preparation of the commercial operations of the P2O business."
otcmarkets.com;
[Or was the April $.70 PIPE a totally separate placement requiring no Form D? Rawnoc played this same game Jan/Feb 2010 with the $.80 PIPE shares vs. the discounted $.80 stock given to the Pak-It guys at the same time: the filings were intentionally vague (subsequently cleared up after their 3rd and 4th restatements) but for several weeks Rawnoc claimed it was part of the 8 mill shares added to the OS instead of it really being more like 11 mill.] |
