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

To: scion who wrote (2703)	10/27/2010 7:12:58 PM
From: SteveF	Read Replies (1) \| Respond to of 53574

Further, the Plaintiff has not alleged the existence of activities or conduct that Mr. Bordynuik purposefully directed to the state of Florida. Hmmm, what about Sousa? Maybe Kaplanis can show that the AS PTO/JBII JV was a player to the misrepresentation? Perhaps Sousa might be interested in forming a class-action with Kaplanis (if he really was conned, of course). Weren't some of the Pak-It principles from FL? Let's not forget the Pak-It Members Trust. "Private Equity Fund of West Florida, LLC" was a large unit holder and held the note JBII used to "acquire" Pak-It (subsequently paid off by the $.80 PIPE). One of JB's Facebook fluffers was outed as being connected to PEF too if I recall (forgot her name though, Linda something?)... sec.gov 2. The $1,250,000 note issued to Private Equity Fund of West Florida, LLC (“PEF”) shall be immediately paid, by the holder of the Note and Liability Note, including interest accrued thereon through December 29, 2009 (estimated to be about $50,000). 3. The $750,000 note (the “PEF Note”) issued to Private Equity Fund of West Florida, LLC (“PEF”) and any interest accrued thereon (estimated to be approximately $250,000) shall be immediately assumed by the Company. As a condition of PEF agreeing to transfer its membership units of Pak-It to the Company, if the Company undertakes a private offering (“Offering”) of the Company’s equity securities (the “Offering Securities”) within one year from the Closing Date, the Company hereby agrees that PEF shall have the option during the Offering period, to convert the PEF note and any applicable interest into the Offering Securities, and purchase an additional amount of Offering Securities so that the total number of Offering Securities received by PEF is 1,250,000 shares of common stock. Upon conversion of the PEF Note into the Offering Securities, PEF shall receive the same rights and preferences as the other investors in the Offering. sec.gov