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To: scion who wrote (785)5/26/2010 1:18:22 PM
From: SteveFRead Replies (2) | Respond to of 53574
 
Yes that's the agreement that allowed JB to sell 66,667 shares back to the company for $200,000 cash and issue himself ~840,000 more shares.

In return, JBII got the tape-reading eqpt (that apparently isn't being used now) and 20-50T of old tapes to use as P2O feedstock - two day's worth of feedstock to run 1 machine.

I really hope the SEC is paying attention. I honestly can't imagine how any more JBII filings are made by a legit accountant.