On July 14, 2011, the staff of the Securities and Exchange Commission’s (SEC) Division of Enforcement issued a “Wells Notice” to JBI, Inc., ( the “Company”) indicating that the staff intended to recommend that the SEC file a civil lawsuit alleging that the Company violated certain provisions of the federal securities laws .
The OS has suddenly increased 9,699,374 shares since receiving the Wells Notice.
Thurs, July 7, 2011:
OS: 57,921,953
Restricted: 23,186,904
(Float: 34,735,049)
Fri, July 15, 2011:
OS: 57,921,953
Restricted: 23,143,154
(Float: 34,778,799)
Tue, July 19, 2011:
OS: 66,392,470
Restricted: 31,510,171
(Float: 34,882,299)
Fri, July 29, 2011:
OS: 67,621,327
Restricted: 32,336,528
(Float: 35,284,799)
Expedite2 (the original shell controlled by John Bordynuik; S-1 filed Apr 4, 2009):
The selling shareholders named in this prospectus are offering all of the shares of common stock offered through this prospectus. Our common stock is presently not traded on any market or securities exchange. The 9,697,375 shares of our common stock can be sold by selling security holders at a fixed price of $0.50 per share until our shares are quoted on the OTC Bulletin Board and thereafter at prevailing market prices or privately negotiated prices.
sec.gov
How many of the recent PIPEs were actually describing years-old Expedite investments? I bet they don't have any of the money their filings claim as it was spent long ago. |
