Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SteveF who wrote (4061)	12/20/2010 7:42:27 PM
From: SteveF	Respond to of 53574

Just so it's perfectly clear, Honest John paid $80,000 for 40,250,000 shares of JBII. He then apparently issued 9,970,000 of those shares in exchange for $4.8 MILLION that do not appear on any JBII balance sheet that I can find. Nice work if you can get it.

To: SteveF who wrote (4061)	12/20/2010 7:45:39 PM
From: scion	Read Replies (2) \| Respond to of 53574

Do you really think he paid $.50/share for 66k shares? That explains his arrival when the PPS was threatening to break $.50. Sneaky. I believe you are right. Well caught. 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.