To: scion who wrote (1570 ) 7/29/2010 12:32:40 PM From: SteveF Read Replies (2) | Respond to of 53574 JBII Authorized Reduction!!. Per TA: 75M Authorized........et z The TA has never acknowledged the Nov 2009 increase to 150 million. In fact, when I began calling the TA months ago I posted about it - can't remember for sure but I want to say Z replied with some kind of foolishness... He knows full well that this is a lie. NV SOS shows no change, still 150 million.nvsos.gov Action Type: Amendment Document Number: 20090854386-45 # of Pages: 1 File Date: 12/11/2009 Effective Date: Previous Stock Value: Par Value Shares: 75,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 75,000.00 New Stock Value: Par Value Shares: 150,000,000 Value: $ 0.001 Par Value Shares: 5,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 155,000.00 Besides, isn't a shareholder vote required, like there was on Nov 6 when the AS was increased to 150 million?JBI, Inc. 500 Technology Square Cambridge, MA 02139 To the Shareholders: The purpose of this Information Statement is to inform the holders of record, as of the close of business on November 6, 2009 (the “Record Date”), of shares of the common stock with voting power of JBI, Inc., a Nevada corporation (the “Company”), that our Board of Directors and a majority shareholder of approximately 52% of our common stock with voting power as of the Record Date have giving written consent as of November 6, 2009, to approve the following: To amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock we may issue from 70,000,000 to 150,000,000 (the “Share Increase”) These actions were approved on November 6, 2009, by our Board of Directors and a shareholder who holds a majority of our issued and outstanding voting securities. We anticipate an effective date of December 7, 2009, or as soon thereafter as practicable in accordance applicable law, including the Nevada General Corporation Law (“NGCL”). WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY. No action is required by you. The accompanying information statement is furnished only to inform our shareholders of the actions described above before they take place in accordance with the NGCL and Rule 14c of the Securities Exchange Act of 1934, as amended. This Information Statement is first mailed to you on or about November 16, 2009. Please feel free to call us at (289) 668-7222 should you have any questions on the enclosed Information Statement. Date: November 6, 2009 For the Board of Directors of JBI, Inc. By: /s/ John Bordynuik John Bordynuik Chief Executive Officer and Director sec.gov