Clause 23 in the original S-1 really tells you who John trusts, huh?
Looks like he had Sandra Elsley on his mind all the way back in 2009 -- to have "THE Board" exclude her from ownership any time he wanted, since he was "THE Board."
Same for Doede and Seburn. If they did something he doesn't like, he had Clause 23 to take their shares back for nothing.
Of course, "THE Board" couldn't take away The Bordynuik's shares. Or his mammy or pappy either; their shares were immune from Clause 23. True love, forever.
As far as employees went back in 2009, Bordynuik loved the cleaning lady, the bookkeeper and Doede's kid -- the summer intern -- more than Elsley, Seburn or Doede, huh?
| 23 | To ensure corporate integrity, JBI has the right to repurchase shares that were issued to employees at the original price paid at any time for misconduct or breach of confidentiality, or any breach of JBI’s code of conduct, at the discretion of the Board. |
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| John Bordynuik, Inc · S-1 · On 4/6/09 | | | | | | | SELLING SHAREHOLDERS | | | | | | | The shares being offered for resale by the selling stockholders consist of the 9,697,375 shares of our common stock held by 249 shareholders of our common stock which were purchased pursuant by these shareholders in a private placement offering. The following table sets forth the name of the selling stockholders, the number of shares of common stock beneficially owned by each of the selling stockholders as of April 6, 2009 and the number of shares of common stock being offered by the selling stockholders. The shares being offered hereby are being registered to permit public secondary trading, and the selling stockholders may offer all or part of the shares for resale from time to time. However, the selling stockholders are under no obligation to sell all or any portion of such shares nor are the selling stockholders obligated to sell any shares immediately upon effectiveness of this prospectus. All information with respect to share ownership has been furnished by the selling stockholders. | | | Name of selling stockholder | Shares of common stock owned prior to offering | Shares of common stock to be sold | Shares of common stock owned after offering | Percent of common stock owned after offering | | | 1264282 Ontario Ltd. (Jade Amusement) (1) | 8,000 | 8,000 | 0 | 0% | | | 1515437 Ontario Inc. (2) | 200,000 | 200,000 | 0 | 0% | | | Anthes, Colin B. | 20,000 | 20,000 | 0 | 0% | | | Anthes, Fiona | 16,000 | 16,000 | 0 | 0% | | | Anthes (In-trust Emily C. Anthes), Thomas | 16,000 | 16,000 | 0 | 0% | | | Anthes, Thomas Victor | 200,000 | 200,000 | 0 | 0% | | | Bagley, Brenda (3) | 50,000 | 50,000 | 0 | 0% | | | Barnett, Alan (4) | 232,000 | 232,000 | 0 | 0% | | | Barnett, Tom | 6,000 | 6,000 | 0 | 0% | | | Barnett, Holly | 24,000 | 24,000 | 0 | 0% | | | Beam, Janet | 4,000 | 4,000 | 0 | 0% | | | Best Real Estate Buy Inc. (5) | 30,000 | 30,000 | 0 | 0% | | | Biamonte, Joseph | 10,000 | 10,000 | 0 | 0% | | | Biamonte, Napoleon (6) | 122,000 | 122,000 | 0 | 0% | | | Biamonte, Ralph | 5,000 | 5,000 | 0 | 0% | | | Biamonte, Sarah | 2,000 | 2,000 | 0 | 0% | | | Bjorgan, Chris | 2,000 | 2,000 | 0 | 0% | | | Boric, Doug | 8,000 | 8,000 | 0 | 0% | | | Boric, Dean | 30,000 | 30,000 | 0 | 0% | | | Bosche, Donalda | 30,000 | 30,000 | 0 | 0% | | | Bosco, Kelly | 10,000 | 10,000 | 0 | 0% | | | Bosco, Larry | 10,000 | 10,000 | 0 | 0% | | | Bourbonnais, Mike | 20,000 | 20,000 | 0 | 0% | | | Brain, Kevin | 116,000 | 116,000 | 0 | 0% | | | Brewster, Donna | 3,000 | 3,000 | 0 | 0% | | | Brock, Erwin | 2,000 | 2,000 | 0 | 0% | | | Brown, Ian | 200,000 | 200,000 | 0 | 0% | | | Brown, Tina | 200,000 | 200,000 | 0 | 0% | | | Candler, Curt | 20,000 | 20,000 | 0 | 0% | | | Cavanagh, Christine | 2,000 | 2,000 | 0 | 0% | | | Chevalier, Wayne Thomas | 20,000 | 20,000 | 0 | 0% | | | Cooper, Richard | 1,000 | 1,000 | 0 | 0% | | | Crown, Heather | 1,000 | 1,000 | 0 | 0% | | | Cucuz, Dragoljub | 1,000 | 1,000 | 0 | 0% | | | Cucuz, Nada | 1,000 | 1,000 | 0 | 0% | | | Cucuz (In Trust-Juliana Cucuz), Nada | 2,000 | 2,000 | 0 | 0% | | | Cummings, Stephen | 20,000 | 20,000 | 0 | 0% | | | Cushing, Catherine A. | 10,000 | 10,000 | 0 | 0% | | | Cushing, Robert M. | 10,000 | 10,000 | 0 | 0% | | | D'Amico, Michael | 10,000 | 10,000 | 0 | 0% | | | Dickson, Lorraine | 10,000 | 10,000 | 0 | 0% | | | Dixon, Betty | 2,000 | 2,000 | 0 | 0% | | | D'orazio( In-trust Samara & Lucas Jeffery), Marina | 10,000 | 10,000 | 0 | 0% | | | Dutton, Evan | 80,000 | 80,000 | 0 | 0% | | | Elsley (In-trust Kristin Elsley), Sandra | 3,000 | 3,000 | 0 | 0% | | | Esposito, Christina | 1,000 | 1,000 | 0 | 0% | | | Evans, Catherine | 1,000 | 1,000 | 0 | 0% | | | Evans, David | 35,000 | 35,000 | 0 | 0% | | | Evans, Michael | 1,000 | 1,000 | 0 | 0% | | | Evans, Robin | 120,000 | 120,000 | 0 | 0% | | | Evans,Wendy | 150,000 | 150,000 | 0 | 0% | | | Evans, Gordon | 4,000 | 4,000 | 0 | 0% | | | Everson, Connie | 8,000 | 8,000 | 0 | 0% | | | Farrington, Pamela L. | 2,000 | 2,000 | 0 | 0% | | | Ferrante, Theresa C. | 12,000 | 12,000 | 0 | 0% | | | Finch, Raymond | 3,000 | 3,000 | 0 | 0% | | | Finch, Ruth | 3,000 | 3,000 | 0 | 0% | | | Forsyth, Jeffrey | 50,000 | 50,000 | 0 | 0% | | | Forsyth, Victoria | 50,000 | 50,000 | 0 | 0% | | | Gallo, Roy | 40,000 | 40,000 | 0 | 0% | | | Gatto, Nikkie | 1,000 | 1,000 | 0 | 0% | | | Gerhardt, Kent | 5,000 | 5,000 | 0 | 0% | | | Goodyear, Charles | 24,000 | 24,000 | 0 | 0% | | | Goodyear, Hope | 2,000 | 2,000 | 0 | 0% | | | Gordon, Rachael | 4,000 | 4,000 | 0 | 0% | | | Green, Michael | 170,000 | 170,000 | 0 | 0% | | | Harris, Barbara | 8,000 | 8,000 | 0 | 0% | | | Haskell, David | 1,000 | 1,000 | 0 | 0% | | | Haskell, Nancy | 3,000 | 3,000 | 0 | 0% | | | Hrin, Peter | 50,000 | 50,000 | 0 | 0% | | | Hunter, Gillies | 300,000 | 300,000 | 0 | 0% | | | Lane, Jennifer | 250 | 250 | 0 | 0% | | | Jewell, Pat | 2,000 | 2,000 | 0 | 0% | | | Johnson, Scott | 66,000 | 66,000 | 0 | 0% | | | Jordan, Earl T. | 20,000 | 20,000 | 0 | 0% | | | Jovanovic, Mirko | 20,000 | 20,000 | 0 | 0% | | | Kafal, Adam | 2,000 | 2,000 | 0 | 0% | | | Kafal, Paul | 44,000 | 44,000 | 0 | 0% | | | Kafal, Peter | 52,000 | 52,000 | 0 | 0% | | | Kajganich, Anne | 2,000 | 2,000 | 0 | 0% | | | Kajganich, Joanne | 1,000 | 1,000 | 0 | 0% | | | Kajganich, Michael | 1,000 | 1,000 | 0 | 0% | | | Kajganich, Nicholas | 1,000 | 1,000 | 0 | 0% | | | Kajganich (In-Trust Bradley Kajganich), Nicholas | 1,000 | 1,000 | 0 | 0% | | | Kandasamy, Fay | 120,000 | 120,000 | 0 | 0% | | | Kandasamy, Gerald | 80,000 | 80,000 | 0 | 0% | | | Kandasamy, Keith | 17,000 | 17,000 | 0 | 0% | | | Kelly, Mary | 7,000 | 7,000 | 0 | 0% | | | Kelly, Patrick | 7,000 | 7,000 | 0 | 0% | | | Kelly (In Trust-Scarlett Kelly), Mary | 5,000 | 5,000 | 0 | 0% | | | Kelly, Patrick Thomas | 1,000 | 1,000 | 0 | 0% | | | Kent, R. Gordon | 40,000 | 40,000 | 0 | 0% | | | Kobryn, David | 20,000 | 20,000 | 0 | 0% | | | Kobryn, Scott | 30,000 | 30,000 | 0 | 0% | | | Krkljus, Mile | 10,000 | 10,000 | 0 | 0% | | | Lane, Jeremy | 100,000 | 100,000 | 0 | 0% | | | Latinovic, Boro | 2,000 | 2,000 | 0 | 0% | | | Lazaroski, Dejan | 6,000 | 6,000 | 0 | 0% | | | Litalien, Connie | 22,000 | 22,000 | 0 | 0% | | | Litalien, Trisha | 10,000 | 10,000 | 0 | 0% | | | Macesic, Branko | 8,000 | 8,000 | 0 | 0% | | | Macesic, Milan | 4,000 | 4,000 | 0 | 0% | | | Macesic, Milja | 4,000 | 4,000 | 0 | 0% | | | MacGregor, Ian | 46,000 | 46,000 | 0 | 0% | | | MacGregor, Jeannette | 10,000 | 10,000 | 0 | 0% | | | Mackinnon, Carol Ann | 2,000 | 2,000 | 0 | 0% | | | MacLaren, Glenn | 100,000 | 100,000 | 0 | 0% | | | Martin, Patricia | 20,000 | 20,000 | 0 | 0% | | | Martino, Maria | 15,000 | 15,000 | 0 | 0% | | | Martino, Rocco | 15,000 | 15,000 | 0 | 0% | | | Martyn, Bonnie | 3,000 | 3,000 | 0 | 0% | | | Martyn, Gerald | 3,000 | 3,000 | 0 | 0% | | | Maskell, Scott | 10,000 | 10,000 | 0 | 0% | | | Mason, Peter | 4,000 | 4,000 | 0 | 0% | | | McGarry, Marion | 2,000 | 2,000 | 0 | 0% | | | McGaw, Dawn | 500 | 500 | 0 | 0% | | | Melchiorre, Lynn | 5,000 | 5,000 | 0 | 0% | | | Melchiorre, Paul | 1,000 | 1,000 | 0 | 0% | | | Mills, Kerry | 20,000 | 20,000 | 0 | 0% | | | Mitrovic, Daniela | 10,000 | 10,000 | 0 | 0% | | | Mitrovic, Miladin | 10,000 | 10,000 | 0 | 0% | | | Moldenhauer, Dean J.D. | 4,000 | 4,000 | 0 | 0% | | | Mrkalj, Andjelko | 10,000 | 10,000 | 0 | 0% | | | Orescanin, Daniel | 1,000 | 1,000 | 0 | 0% | | | Orescanin, John | 5,000 | 5,000 | 0 | 0% | | | Orescanin, Mary | 1,000 | 1,000 | 0 | 0% | | | Orescanin, Mildred | 25,000 | 25,000 | 0 | 0% | | | Orescanin, Nathan | 1,000 | 1,000 | 0 | 0% | | | Orescanin (In-Trust Grandchildren), Mildred | 4,000 | 4,000 | 0 | 0% | | | Pang Jr., Peter Allen | 8,000 | 8,000 | 0 | 0% | | | Paskey, Cindy | 90,000 | 90,000 | 0 | 0% | | | Pieterse, Frank | 32,000 | 32,000 | 0 | 0% | | | Pinder, Wendy | 391,000 | 300,000 | 91,000 | * | | | Pinder-Doede, Caitlin | 2,500 | 2,500 | 0 | 0% | | | Pinder-Doede, Carrie (16) | 2,500 | 2,500 | 0 | 0% | | | Pirsich, Stephan | 2,000 | 2,000 | 0 | 0% | | | Plante, Chad | 2,000 | 2,000 | 0 | 0% | | | Plante, Sabrina | 2,500 | 2,500 | 0 | 0% | | | Pompetzki, Monika | 140,000 | 140,000 | 0 | 0% | | | Popovacki, Carol | 10,000 | 10,000 | 0 | 0% | | | Popovich, Dara | 2,000 | 2,000 | 0 | 0% | | | Popovich, Dusan | 20,000 | 20,000 | 0 | 0% | | | Prytula, Linda (17) | 28,000 | 28,000 | 0 | 0% | | | Przybysz, Irene | 50,000 | 50,000 | 0 | 0% | | | Radojevic, Lidija | 4,000 | 4,000 | 0 | 0% | | | Rice, Keri Frances | 20,000 | 20,000 | 0 | 0% | | | Richard, Diane | 200,000 | 200,000 | 0 | 0% | | | Richard Jr., Gerard | 20,000 | 20,000 | 0 | 0% | | | Richard, Yvette | 20,000 | 20,000 | 0 | 0% | | | Richards, Bill | 30,000 | 30,000 | 0 | 0% | | | Robbins, Glenn | 3,000 | 3,000 | 0 | 0% | | | Robinson, Barbara | 2,000 | 2,000 | 0 | 0% | | | Rogers, Stephanie | 2,000 | 2,000 | 0 | 0% | | | Romanek, Sharron | 3,000 | 3,000 | 0 | 0% | | | Roth, James D. | 10,000 | 10,000 | 0 | 0% | | | Rouillier, Lise | 3,000 | 3,000 | 0 | 0% | | | Roy, Richard | 50,000 | 50,000 | 0 | 0% | | | Rusic, Bosiljka | 1,000 | 1,000 | 0 | 0% | | | Rusic, Dragon (Danny) | 1,000 | 1,000 | 0 | 0% | | | Saccone, Len | 5,000 | 5,000 | 0 | 0% | | | Samdass, James | 4,000 | 4,000 | 0 | 0% | | | Seburn, Janice | 2,000 | 2,000 | 0 | 0% | | | Senese, Karen | 2,000 | 2,000 | 0 | 0% | | | Senske, Jerrold | 4,000 | 4,000 | 0 | 0% | | | Smith, James H. | 20,000 | 20,000 | 0 | 0% | | | Smudja, Zeljko | 6,000 | 6,000 | 0 | 0% | | | Spadotto, Michael | 20,000 | 20,000 | 0 | 0% | | | Srdjenovic, Nedeljko | 4,000 | 4,000 | 0 | 0% | | | Stark, Laura | 2,000 | 2,000 | 0 | 0% | | | Stark, Lisa | 2,000 | 2,000 | 0 | 0% | | | Stark, Pamela | 6,000 | 6,000 | 0 | 0% | | | Stark, William | 60,000 | 60,000 | 0 | 0% | | | Stark, Amy | 2,000 | 2,000 | 0 | 0% | | | Stark, Doris | 20,000 | 20,000 | 0 | 0% | | | Stark, Juliana | 2,000 | 2,000 | 0 | 0% | | | Stark, Malcolm | 20,000 | 20,000 | 0 | 0% | | | Stathourakis, Eugenia V. | 1,000 | 1,000 | 0 | 0% | | | Steip, Ronald (Al) | 1,000 | 1,000 | 0 | 0% | | | Stoll, Joan | 4,000 | 4,000 | 0 | 0% | | | Tsiantoulas, Katherine | 12,000 | 12,000 | 0 | 0% | | | Tsiantoulas, Nicola | 2,000 | 2,000 | 0 | 0% | | | Tsiantoulas, Christos | 4,000 | 4,000 | 0 | 0% | | | Tunstall, Charlotte | 2,000 | 2,000 | 0 | 0% | | | Utvich, David | 2,000 | 2,000 | 0 | 0% | | | Utvich, Danica | 10,000 | 10,000 | 0 | 0% | | | Utvich, Daryl A. | 2,000 | 2,000 | 0 | 0% | | | Utvich, Gregory T. | 2,000 | 2,000 | 0 | 0% | | | Utvich, Judith | 1,000 | 1,000 | 0 | 0% | | | Utvich, Lauren | 2,000 | 2,000 | 0 | 0% | | | Utvich, Melissa E. | 2,000 | 2,000 | 0 | 0% | | | Utvich (In-Trust Amelia Rae Utvich), Gregory T. | 2,000 | 2,000 | 0 | 0% | | | Utvich Jr., Michael E. | 2,000 | 2,000 | 0 | 0% | | | Utvich Sr., Michael E. | 2,000 | 2,000 | 0 | 0% | | | Vandewater, Carolyn | 5,000 | 5,000 | 0 | 0% | | | Varcoe, Ryland | 2,000 | 2,000 | 0 | 0% | | | Varcoe, Scott | 4,000 | 4,000 | 0 | 0% | | | Velemirovich, Dragica | 2,000 | 2,000 | 0 | 0% | | | Vujic, Branislav | 2,000 | 2,000 | 0 | 0% | | | Water Communications Inc. (7) | 400,000 | 300,000 | 100,000 | * | | | Weir, Ludmilla | 10,000 | 10,000 | 0 | 0% | | | Widdis, Patricia J. | 329,530 | 300,000 | 29,530 | * | | | Wright, Grant | 80,000 | 80,000 | 0 | 0% | | | Yelda, Dany | 4,000 | 4,000 | 0 | 0% | | | Yorke, Steven | 10,000 | 10,000 | 0 | 0% | | | Zubic, Tihomir | 4,000 | 4,000 | 0 | 0% | | | Elsley, Sandra (21)(23) | 7,750,000 | 300,000 | 3,450,000 | 5% | (23) applies to Sandra Elsley | | Bordynuik, John (22) | 36,308,345 | 300,000 | 36,008,345 | 61% | (23) doesn't apply to Bordynuik LOL | | Stark, Malcolm | 133,250 | 133,250 | 0 | 0% | | | Stark, Malcolm | 50,000 | 50,000 | 0 | 0% | | | Stark, Malcolm | 50,000 | 50,000 | 0 | 0% | | | Stark, Malcolm | 33,250 | 33,250 | 0 | 0% | | | Stark, Malcolm | 40,000 | 40,000 | 0 | 0% | | | Doede, Steve (8)(23) | 1,400,000 | 300,000 | 1,100,000 | 1.80% | (23) applies to Doede | | Bordynuik Sr., John (9) | 2,000,000 | 300,000 | 1,700,000 | 2.80% | Why did pops get 2M shares? LOL | | Seburn, Brian (10)(23) | 75,000 | 75,000 | 0 | 0% | (23) applies to Seburn | | | 58,621,250 | 9,697,375 | | | | | | | | | | | | *Less than 1% | | | | | | | To our knowledge, none of the selling shareholders or their beneficial owners (except where noted): | | | | | - | has had a material relationship with us other than as a shareholder at any time within the past three years; or | | | | | - | has ever been one of our officers or directors or an officer or director of our predecessors or affiliates | | | | | | | - | are broker-dealers or affiliated with broker-dealers. | | | | | | | | | | | | | | 1 | Andjelko Mrkalj exercises voting control and dispositive power over the shares listed on behalf of such entity. | | 2 | Ian Brown and Tina Brown exercise voting control and dispositive power over the shares listed on behalf of such entity. | | 3 | Brenda Bagley is contracted as a bookkeeper for John Bordynuik Inc. | | 4 | Alan Barnett has been an employee of John Bordynuik Inc. since November 17, 2008. | | 5 | Bob Molodynia exercises voting control and dispositive power over the shares listed on behalf of such entity. | | 6 | Napolean Biamonte is the landlord of the building John Bordynuik Inc. leases for operations. | | 7 | Frank Coy and Lisa Matheson exercise voting control and dispositive power over the shares listed on behalf of such entity and Frank Coy is an employee of RBC Dominion Securities as a Registered Representative investment advisor. Mr. Coy purchased in the ordinary course of business, and at the time of the purchase he had no agreements or understandings, directly or indirectly, with any person to distribute the securities. | | 8 | Steve Doede has been an employee of John Bordynuik Inc since August 2, 2008. Steve Doede is our Risk Manager, and was the COO of the registrants sibsidiary company until the merger. | | 9 | John Bordynuik Sr. is the father of John Bordynuik, our President, Chairman of the Board, Secretary and Treasurer and did some minor contract work for John Bordynuik Inc. | | 10 | Brian Seburn has been an employee of John Bordynuik Inc. since August 2, 2008. | | 11 | Marina D’Orazio is a contracted for cleaning services for John Bordynuik Inc. | | 12 | Mildred Orescanin exercises voting control and dispositive power over the shares listed on behalf of such entity. | | 13 | Shirley Bordynuik exercises voting control and dispositive power over the shares listed on behalf of such entity. She is the mother of John Bordynuik, our President, Chairman of the Board, Secretary and Treasurer. | | 14 | Harry Fois exercises voting control and dispositive power over the shares listed on behalf of such entity. | | 15 | Kathryn Matkowski has been an employee and manager of John Bordynuik Inc. since September 22, 2008. | | 16 | Carrie Pinder-Doede was a summer student employee at John Bordynuik Inc. in 2008. | | 17 | Linda Prytula was contracted as a bookkeeper for John Bordynuik Inc. | | 18 | Steve Clarke has been an employee of John Bordynuik Inc. since August 2, 2008. | | 19 | Wilhelmus Van Dongen exercises voting control and dispositive power over the shares listed on behalf of such entity. | | 20 | Lynn Drapeau has been an employee of John Bordynuik Inc. since October 27, 2008. | | 21 | Sandra Elsley was an employee and non-signing officer of the registrants subsidiary company until October 2008. Her employment was terminate with cause in October 2008 and has no role in JBI and is now a common shareholder. | | 22 | John Bordynuik is the President, Chairman of the Board, Secretary and Treasurer of John Bordynuik Inc. | | 23 | To ensure corporate integrity, JBI has the right to repurchase shares that were issued to employees at the original price paid at any time for misconduct or breach of confidentiality, or any breach of JBI’s code of conduct, at the discretion of the Board. | | 24 | Larry Maxwell is an employee of RBC Dominion Securities as a Registered Representative investment advisor. Mr. Maxwell purchased in the ordinary course of business, and at the time of the purchase he had no agreements or understandings, directly or indirectly, with any person to distribute the securities. | |
