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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 (2828)	11/4/2010 2:10:00 PM
From: SteveF	Read Replies (1) \| Respond to of 53574

"In 2009, Mr. Bordynuik exchanged $200,000 cash for 66,667 shares of stock and he received 23,846 shares to cancel $71,538 of debt, each at $3 per" That's nothing compared to the 809,593 shares he gave himself for "certain assets" belonging to JBI-DE, the company who is still actually performing the tape processing work. At $2/shares, that's $1.6 million (cash). By the way, if JBI-DE did the work in Q1, why were those assets purchased by JBI-NV in the first place?