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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: fortitude who wrote (819)	5/27/2010 9:47:34 PM
From: SteveF	Respond to of 53574

If TRTN had $200,000 cash available on June 30, 2009, how could controlling interest only have been worth $80,000 two months earlier and why did Bordynuik have to loan the company $71,000 during that period? Where did that money come from? 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 June 25, 2009: JBII (then TRTN) 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 cash for 66,667 shares of JBII common stock ($3 per share) sec.gov sec.gov June 30, 2009: JBII (then TRTN) 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 sec.gov 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 (then TRTN) OS is 53,790,513 sec.gov July 15, 2009: JBII (then TRTN) 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