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To: SteveF who wrote (2936)	11/9/2010 7:24:32 PM
From: scion	Read Replies (2) \| Respond to of 53574

I think the relevant tax agencies would also include the Canada Revenue Agency. jjsmith Share Tuesday, November 09, 2010 5:15:53 PM Re: BRIG_88 post# 75988 Post # of 76047 i agee it does sound like a gift. can you show me the sec filing where they paid the gift tax on the $3 million dollar gift? I can't seem to find one. Wouldn't the tax be around $1.3 million? Did they even have the money to pay the tax? Quote: ROFL!! the transaction was so cheap it was basically a gift...pay the mortgage off and it's yours....quite the deal eh? siliconinvestor.com imaba Share Tuesday, November 09, 2010 5:20:59 PM Re: jjsmith post# 76003 Post # of 76047 Quote: i agee it does sound like a gift. can you show me the sec filing where they paid the tax on the $3 million dollar gift? I can't seem to find one. Or maybe could have been a gentleman's hand shake and maybe the previous blending site owner was hired as a cunsultant and paid in stock as compensation, I think I seen some stock given as compensation's in the filing's, but not to what.... for what....jmo siliconinvestor.com I think the relevant tax agencies would also include the Canada Revenue Agency. cra-arc.gc.ca During the quarter the Company paid approximately $100,000 toward the purchase of a new corporate office building located in Thorold, Ontario. The purchase price of the building was $369,769 at an interest rate of 7%. The vendor took back the MORTGAGE on the building, which is denominated in Canadian dollars and will fluctuate based on the exchange rate in effect. The Company expects to continue to make significant investments in property and equipment in the future. JBI, INC - 10-Q Quarterly report Filing Date 2010-08-13 sec.gov siliconinvestor.com