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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 (4060)	12/20/2010 7:29:10 PM
From: SteveF	Read Replies (3) \| Respond to of 53574

Finally Expedite2 makes sense! The missing link (for me anyway): From that Expedite2 S1: "Amount [of stock] to be Registered: 9,697,375 sec.gov JBII's latest 10K/A: As described in Note 7, the Company’s President and CEO, exchanged 30,000 shares of Common stock for 1 million shares of Preferred stock. Further, the President and CEO returned 9,970,000 shares of Common stock during 2009, and another 21 million shares of Common stock in March 2010 (Note 13). sec.gov From the amended Q3 2009 10Q/A: As described in Note 8, the Company's President and CEO returned 9,970,000 shares of common stock during the nine months ended September 30, 2009 sec.gov If those were issued to the Expedite2 holders in Sep 2009 they'd be fully unrestricted now! The 6-month holding period would have been March-April when the PPS really began collapsing. The 9,970,000 number did not begin appearing in filings until the first restated 10K/A - the original and all previous filings simply referred to JB returning 10 million! This is big for me because it explains the last missing pieces: my OS Timeline had an extra 10 million in the OS that I couldn't account for (because they were reissued to Expedite2 holders), their cost basis was around $.50 (if I read that right - might be an average), and these missing pieces have been hidden until the restatements. Do you really think he paid $.50/share for 66k shares? That explains his arrival when the PPS was threatening to break $.50. Sneaky.