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To: scion who wrote (4498)1/7/2011 3:54:06 PM
From: SteveFRespond to of 53574
 
Remember when he used to pretend shareholders actually had a say in anything:

sec.gov

NOTICE OF ANNUAL
MEETING OF SHAREHOLDERS
TO BE HELD APRIL 24, 2010

TO OUR SHAREHOLDERS:

You are cordially invited to attend the Annual Meeting of Shareholders (the “Annual Meeting”) of JBI, Inc., a Nevada corporation (together with its subsidiaries, “Company”, “JBI”, “we”, “us” or “our”), which will be held on April 24, 2010, at 1:30 P.M. at the Fallsview Casino Resort, 6380 Fallsview Boulevard Niagara Falls, Ontario L2G 7X5, for the following purposes:

1. To elect five directors to hold office for a one year term and until each of their successors are elected and qualified.

2. To ratify the appointment of Gately & Associates, LLC as our independent registered public accounting firm for the fiscal year ending December 31, 2010.

3. To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof.


The Board of Directors has fixed the close of business on March 23, 2010 as the record date for the determination of shareholders entitled to receive notice of and to vote at the Annual Meeting of Shareholders and any adjournment or postponement thereof. A complete list of shareholders entitled to vote at the Annual Meeting will be available for inspection for ten days prior to the Annual Meeting at our executive offices located at 500 Technology Square, Suite 150, Cambridge, Massachusetts 02139.


By Order of the Board of Directors
John Bordynuik
CEO and Chairman of the Board
March 23, 2010

Cambridge, Massachusetts



To: scion who wrote (4498)1/7/2011 4:35:33 PM
From: donpatRead Replies (1) | Respond to of 53574
 
When he sees that SUBPENNY is imminent - he will fold like a cheap suit! Or suffer the ignominy of causing that catastrophe. NOW is the time for ACTION - 25¢ will be too little, too late. NOW! Even a 170 IQ can see that! He's no dope - Fairbairn is proof of that. He's on the right track - just needs to figure out what train to put on it. And which conductor.



To: scion who wrote (4498)1/9/2011 1:05:28 AM
From: PaperProphetRespond to of 53574
 
Re:<"Given his preferred share total control of the company, there is no way the board of directors and shareholders can get rid of him, no matter how incompetent he is.">

Absolutely. The board of directs is only there to create an impression. Controlling ownership wasn't an accident either--it was important to Mr. Bordynuik that no minority shareholders ever get a say and that's why he created the preferreds with super-voting rights.

When JBII is done, maybe years from now, the controlling stake can be sold and the next swindler can take the reins and start regaling shareholders with a new yet unsubstantiated revolutionary technology. Over and over it happens in penny stocks. It's caveat emptor but most people seem to believe that the odds of fraud occuring in a publicly-traded company are slim. Penny stocks ride on the coat-tails of all those major companies that are honest. Penny stocks being publicly traded gives a company's investors a false sense of security.