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To: scion who wrote (861)5/31/2010 9:36:50 PM
From: SteveFRespond to of 53574
 
Do you get what I'm saying? Those 809k and 66k blocks are missing from his reported holdings detailed in the Nov 6 Pre-14C

sec.gov

Common Stock
John Bordynuik

30,273,846

52.1%


and the Mar 31, 2010, 10K reporting the officer's Beneficial ownership:

The following table provides the names and addresses of each person known to us to own more than 5% of our outstanding shares of common stock as of March 31, 2010, and by the officers and directors, individually and as a group. Except as otherwise indicated, all shares are owned directly.

John Bordynuik, Chairman and Chief Executive Officer, President

9,273,846 [30,273,846 adjusted for the 21,000,000 cancellation.]

18%


sec.gov



To: scion who wrote (861)5/31/2010 9:45:53 PM
From: SteveFRead Replies (1) | Respond to of 53574
 
JBII (the Nevada-incorporated JBI, Inc) pays CEO John Bordynuik $1 per year salary. How much does the Delaware-incorporated JBI, Inc. pay John Bordynuik to remain their President?

Delaware JBI swapped all of their assets and business to the Nevada JBI for 809,593 shares of JBII stock and even gave them $200,000 in a private placement for 66,667 more shares.

With no assets or revenue (and all that stock) how does DE JBI get the money to pay their President's salary? Where did they get the $200,000 for the PIPE?