It was actually a lot of fun. Not much work - maybe a lot of time, but no more than if one decided to read 12 months of company filings anyway. Just copy/paste any hard dates listed in each filing with a one-sentence description and it's shocking how quickly it all comes together.
I've thought about doing a timeline for various scams-in-progress before but thought it would be too much work. Now I know it doesn't. Just time.
Might even make a decent board on iHub: strictly timeline-format posts and discussion over additions/corrections.
There's still much that can be added to my JBII timeline. I didn't hardly touch PR's except for the Feb 12 flurry, mainly because it's hard to find a definitive list and I'm worried that the shear length of the list might already dissuade those who need to read it from reading it. When it's all laid out like that it's really staggering.
JBII Timeline
Mar 16, 2009: Taravan, Askelson & Company, LLP, fired as auditor for 310 Holdings (TRTN).
sec.gov
Mar 16, 2009: Moore and Associates, Chartered, hired as auditor for 310 Holdings (TRTN).
sec.gov
Apr 24, 2009: John Bordynuik purchases 40,250,000 shares of 310 Holdings common stock (TRTN) from former CEO Nicole Wright for $80,000 (representing 63% of the OS). 310 Holdings (TRTN) is eventually renamed JBII.
sec.gov
May 20, 2009: JBII OS is 63,700,000
sec.gov
June 25, 2009: JBII enters into "Asset Purchase Agreement" with John Bordynuik to acquire magnetic tapes and data recovery equipment from John Bordynuik, Inc. (JBI).
sec.gov
June 30, 2009: JBI, Inc.(a Delaware corporation controlled by Mr. Bordynuik) pays John Bordynuik $200,000 for 66,667 shares of JBII common stock (at $3 per share)
sec.gov
sec.gov
June 30, 2009: JBII issues 23,846 shares of restricted common stock to John Bordynuik to satisfy loans made for operating capital in the amount of $71,538 ($3 per share).
sec.gov
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June 30, 2009: 310 Holdings incorporates John Bordynuik, Inc. (JBI) as a wholly owned subsidiary in the State of Nevada
sec.gov
June 30, 2009: JBII OS is 53,790,513
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July 15, 2009: JBII announces the issuance of 809,593 shares of JBII common stock to John Bordynuik, closing the "Asset Purchase Agreement" with John Bordynuik, Inc. (JBI)
sec.gov
July 15, 2009: JBII announces it has 20 tons (of a total 50 tons) magnetic tapes to read, migrate data and use as P2O Feedstock from the JBI asset purchase agreement
sec.gov
Aug 6, 2009: JBII fires Moore & Associates as their accounting firm
sec.gov
Aug 6, 2009: JBII hires Seale and Beers, CPA to replace Moore
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Aug 11, 2009: John Bordynuik files Form 13D reporting ownership of 41,059,593 shares of JBII common stock
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Aug 14, 2009: JBII hires Gately & Associates to replace Seale and Beers, CPA
sec.gov
Aug 14, 2009: Gregg Jaclin (JBII's Securities Lawyer) resigns from Domark Board of Directors
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Aug 17, 2009: JBII fires Seale and Beers, CPA (replaced by Gately on Aug 14)
sec.gov
Aug 17, 2009: JBII's first filing represented by Anslow & Jaclin, LLP (Bordynuik's Securities Lawyers)
sec.gov
Aug 24, 2009: JBII acquires Javaco from Domark for $150k cash and 2.5 million shares of JBII common stock. JBII also acquires "Media Credits" valued at $10 million from Domark for 1 million shares of JBII common stock
sec.gov
Aug 26, 2009: Thomas Kidd resigns as CEO of Domark
sec.gov
Aug 27, 2009: Moore and Associates, Chartered (fired as JBII auditors on Aug 6), has their PCAOB registration revoked
sec.gov
Sep 2, 2009: 310 Holdings changes name to JBI, Inc (JBII)
sec.gov
Sep 10, 2009: Domark gives Thomas Kidd 3.5 million shares of JBII common stock as part of a debt settlement agreement.
sec.gov
Sep 30, 2009: 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, 2009: JBII acquires Pak-It for 625,000 shares of JBII common 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, 2009: JBII enters into $144k/yr employment agreement with Ronald Baldwin (CPA) and assigns him as Pak-It CFO.
sec.gov
Oct 20, 2009: Thomas Kidd transfers 100,000 shares of JBII common stock to parts unknown pursuant to an agreement with Media4Equity
sec.gov
Nov 6, 2009: JBII OS is 58,100,106. AS is raised from 70 million to 150 million.
sec.gov
Nov 6, 2009: John Bordynuik holds 30,273,846 shares of JBII common stock
sec.gov
Nov 16, 2009: JBII OS is 58,725,106
sec.gov
Nov 16, 2009: JBII files Q3 2009 interim financials 10Q (determined by JBII on May 21, 2010 to be unreliable)
sec.gov
Dec ?, 2009: JBII hires Islechem to analyze their plastic to oil solution and assist with preparing documentation required for state permits.
sec.gov
Dec 22, 2009: JBII and Rick Heddle agree to P2O Marine Joint Venture
sec.gov
Dec. 22, 2009: JBII and Al Sousa sign LOI for 45 P2O sites in Florida
sec.gov
Dec 23, 2009: Thomas Kidd transfers 900,000 shares of JBII common stock to parts unknown pursuant to an agreement with JBI and Judith Vazquez (Kidd's sister-in-law & Javaco President).
sec.gov
Dec 29, 2009: "Date of First Sale" for the as yet unannounced $.80 PIPE
sec.gov
Dec 31, 2009: JBII common stock closes at it's all-time high, $7.25 per share (trading between $6.30 - $7.45 during the day)
nasdaq.com
Dec 31, 2009: JBII 2009 fiscal year ends
Jan 1, 2010: Pak-It CFO Ronald Baldwin appointed to JBII Board of Directors
sec.gov
Jan 6, 2010: 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 11, 2010: JBII appoints Dr. Jacob Smith to the Board of Directors
sec.gov
Jan 12, 2010: JBII engages Western Creative, Inc, to assist in planning and marketing the retail Pak-It launch
sec.gov
Jan 22, 2010: JBII announces $.80 PIPE - Date of First sale: Dec 29. 8,260,842 total shares of JBII common stock issued at $.80 per share, netting $6,608,673 cash. JBII has also completed $1,768,353 in cash payments to settle the $1.2 million Pak-It "Loan Agreement" note. JBII also issued 3.42 million shares of JBII common stock 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, 2010: JBII announces it has paid $397,644.44 of Javaco "debt and founder loans" from the proceeds of the $.80 PIPE
sec.gov
Jan 27, 2010: JBII OS is 47,701,056 (68,701,056 including the soon-to-be cancelled 21 million restricted shares by John Bordynuik)
sec.gov
Jan 27, 2010: John Bordynuik will own 9,250,000 common shares of JBII stock and 1,000,000 preferred following cancellation of 21 million shares
sec.gov
Feb 4, 2010: JBII forms NY Corporation "JBI RE #1" to purchase industrial building for commercial P2O
sec.gov
Feb 9, 2010: JBII formed two Nevada corporations as wholly owned subsidiaries; Plastic2Oil Land, Inc., Plastic2Oil Marine, Inc.
sec.gov
Feb 12, 2010: JBII appoints Amy Bradshaw, John Wesson and Theodore (Ted) Henry to the Board of Directors
sec.gov
Feb 12, 2010: JBII announces it has been working with Islechem since Dec 2009. No mention in the FY2009 10K.
sec.gov
Feb 12, 2010: JBII signs purchase agreement for a fuel blending and distribution site for $130,000. Expects to close within 30 days.
jbiglobal.com
Feb 12, 2010: JBII announces it has purchased a New York property for P2O processing for $100,000 down and a $270,000 loan
jbiglobal.com
Feb 12, 2010: Al Sousa (AS PTO, LLC) consumates an Area Development agreement with JBII
jbiglobal.com
Feb 12, 2010: Al Sousa (AS PTO, LLC) accepts reservation deposit from Tampa PTO, LLC to license potential P2O processing site
jbiglobal.com
Feb 12, 2010: JBII announces Al Sousa (AS PTO, LLC) will Joint Venture with ES Resources LLC for P2O site in Clearwater, FL
jbiglobal.com
Feb 12, 2010: Ohio PLC submits reservation deposit to JBII to confirm interest in buying a license from JBII
jbiglobal.com
Feb 12, 2010: JBII hires Michael Kaplanis as V.P. Mergers and Acquisitions
jbiglobal.com
Feb 12, 2010: JBII's P20 Marine, Inc. & Rick Heddle's RWH Marine Consulting, Inc. Sign Principal Definitive Contract for a P2O Ship Development Agreement (SDA)
jbiglobal.com
Feb 12, 2010: JBII hires ship captain Michael Moneyham to oversee P2O Ship expansion
jbiglobal.com
Feb 13, 2010: JBII executes LOI to acquire U.S. Air Filtration company in Q2 2010
jbiglobal.com
Feb 17, 2010: JBII TA reports OS is 69,309,700, 45,859,700 of which is restricted
siliconinvestor.com
Mar 2, 2010: JBII TA reports the OS is 71,102,200, 47,652,200 of which is restricted
siliconinvestor.com
Mar 2, 2010: JBII OS: 50,102,200 (21 million restricted shares cancelled by Bordynuik in exchange for 1 mill Preferred shares with 100:1 voting rights)
sec.gov
Mar 3, 2010: JBII TA reports OS is 50,102,200, 26,652,200 of which is restricted
siliconinvestor.com
Mar 23, 2010: JBII OS is 50,102,200
sec.gov
Mar 24, 2010: Theodore (Ted) Henry resigns from JBII Board of Directors
sec.gov
Mar 24, 2010: JBII appoints Gregory Goldberg to the Board of Directors
sec.gov
Mar 29, 2010: 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 shares of JBII common stock 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 shares of JBII common stock remaining and voting control of Domark.
sec.gov
Mar 31, 2010: JBII OS: 50,102,200
sec.gov
Mar 31, 2010: JBII files FY2009 10K (determined by JBII on May 21 to be unreliable)
sec.gov
Apr 13, 2010: Thomas Kidd appoints himself to the position(s) of President, CEO, secretary, Principal Financial Officer and Director of Domark.
sec.gov
Apr 13, 2010: JBII announces Islechem has validated it's P2O process.
sec.gov
Apr 13, 2010: JBII TA reports OS is 50,114,700, 26,664,700 of which is restricted
siliconinvestor.com
Apr 15, 2010: Date of First Sale for the as yet unannounced $4.00 PIPE
sec.gov
Apr 24, 2010: JBII Annual General Meeting (AGM) held
Apr 25, 2010: JBII conducts P2O processor tours for shareholders who consent to a non-disclosure agreement
Apr 26, 2010: JBII TA reports OS is 50,118,450, 26,668,450 of which is restricted
siliconinvestor.com
Apr 26, 2010: JBII announces Javaco achieved 52% increase in Q1 2010 over Q1 2009. Q1 2009 Javaco sales have never been published.
sec.gov
Apr 30, 2010: JBII appoints Dr. Robin Bagai to the Board of Directors
sec.gov
May 10, 2010: JBII TA reports OS is 50,158,450, 26,708,450 of which is restricted
siliconinvestor.com
May 12, 2010: JBII files Form D for $4.00 PIPE (Date of First Sale: Apr 15, 2010). 332,579 of 1,000,000 availablke shares sold as of May 12
sec.gov
May 14, 2010: JBII fires Gately & Associates as JBII's independent registered accountant
sec.gov
May 14, 2010: JBII hires Withum + Brown, PC to replace Gately as auditor
sec.gov
May 17, 2010: JBII files NT-10Q announcing a delay in filing their 10Q for Q1 2010
sec.gov
May 19, 2010: JBII announces Employment Agreement with John Bordynuik for $180,000/yr to commence upon the issuance of production permit for the first P2O processor. Stock options are also granted for meeting certain milestones
sec.gov
May 19, 2010: JBII CEO concludes that JBII's interim financials 10Q filed on Nov 16, 2009 and the audited financials 10K filed on Mar 31, 2010, cannot be relied upon and will have to be restated.
sec.gov
May 20, 2010: JBII announces it has consummated the $4 PIPE. 488,779 total shares sold, raising $1,955,116 in proceeds
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