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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 (4892)	2/5/2011 12:54:03 PM
From: scion	Respond to of 53574

You (or anyone for that matter) can't/won't produce definitive proof, therefore the disposition of the > $1 million in cash on the JBI-DE books will not be cleared up-- regardless of "tier of knowledge" assignments that allude to some bizarre MB Cast System. jimmenknee Share Saturday, February 05, 2011 12:48:53 PM Re: Justice37 post# 91905 Post # of 91911 Great-- now we are getting somewhere Quote: First, I didn't say they audited JBI-DE, I said they looked at all the transactions related from acquisition to to selling of DE assets and services. Right-- no disagreement. And no JBI-DE balance sheet transfer of cash to JBI-NV either. Quote: Yes they did look at JBI Canada, it's in the filing, the 2008 statements had to be done again. Let's pull these 2 unrelated pieces apart (JBI Canada and 2008 statements). The JBI Canada referenced in the 10K is a JBI-NV, wholly-owned Ontario corporation to produce, market and sell the Pak-It™ products in Canada (formed in February, 2010). It is not the original JBI-CAN corporation that was the first home of the tape business that later officially and fully reverse merged into Expedite 2 (JBI-DE). Trying to keep/get a handle on all the entities is difficult-- I understand. For the purpose of our discussion; the focus is on the Tape Business balance sheets which includes the infamous "IPO" money raised. Perhaps it would be less confusing if we called them JBI-CAN-Tape and JBI-CAN-Pakit respectively. The re-audit of the 310 Holdings financials for the year ended December 31, 2008 was accomplished because the former independent registered public accounting firm, Moore & Associates, Chartered, is no longer registered with the Public Company Accounting Oversight Board (PCAOB). That is clearly stated up front and does not include auditing the books of JBI-CAN-Tape or JBI-DE. Quote: WSB mentions many aspects of the business before the purchase of 310 Holdings. Of course they do as JBI-NV bought the assets to run the tape reading business. It all starts off with: "During June, 2009, the Company purchased certain assets of John Bordynuik, Inc. (“Data”), a Delaware corporation." and then goes on to explain the business. What logic leap are you asserting that ties into the > $1 million on the JBI-DE balance sheet? Quote: I went over rawnoc's information regarding the mystery million, I agree with him, the math is correct. It really isn't a mystery, basic business it seems, but not for everyone, it had to be pointed out to me too. Same with some other claims others have made in the past about the books. Ask people who know what they are talking about and all is made clear for me. It's been almost 1.5 years since the mystery million and the 3.5 million scams, I saw JB and other JBI executives recently, they were not behind bars. WSB did their job, so will Ernst and Young, I'll take their word for it, sorry. No worries. You (or anyone for that matter) can't/won't produce definitive proof, therefore the disposition of the > $1 million in cash on the JBI-DE books will not be cleared up-- regardless of "tier of knowledge" assignments that allude to some bizarre MB Cast System. $1 per year salary through JBI-NV and > $1 million available through JBI-DE. Perfectly legal-- won't put anyone behind bars. And the $1 can be taken and run with as a talking point for CEO selflessness but it continues to be an apparition that is neither selfless, unusual nor virtuous siliconinvestor.com

To: scion who wrote (4892)	2/5/2011 7:28:43 PM
From: scion	Read Replies (1) \| Respond to of 53574

Appreciate your concession (technically it is a 10K not an 8K-- understand this is all new to you, no worries). jimmenknee Share Saturday, February 05, 2011 7:19:43 PM Re: Justice37 post# 91920 Post # of 91932 Appreciate your concession (technically it is a 10K not an 8K-- understand this is all new to you, no worries). Quote: I am not convinced about your claim regarding the "mystery million" in JBI-DE. I looked at other evidence given to me and I have to agree you missed something. Totally fine-- you don't have to be convinced by me. The data speaks for itself. Quote: It's not an issue I own, you are discussing with another person posting. Of course it was/is yours-- the origin was your assertion: "... JBI will have two clean bills of health in regards to their books, one by Withum, Smith and Brown, and now by E&Y. It means an end to the shady book keeping accusations which were always nonsense. ..." #msg-59402778 I offered linked proof that is now refuted by secret DD provided by someone else. So now your "nonsense" assertion is supported by way of second-hand secret DD-- okay -- but you still own the issue at origin. Quote: He's going to make you work for it just like he has in the past. lol I didn't need to work for it in the past although I do appreciate the opportunity to hone skills every now and again. I thought you got that the last go around was based on their false claims that John bought the $1 shares for $3-- which then flip-flopped once I challenged their not being a part of John's (personal) filed holding. Sorry if you missed the irony of the schooling effort. Quote: I hope you are open minded enough to see that JBI just might be what they and others posting on this board, say it is. I am not firmly in either extreme camp; but all the research I have done points to a lot more challenges that will impact the share price in the short to medium term as well as threaten the ability to sustain/grow this (latest morphed) business model. Quote: Doesn't hurt to say you were wrong about something, I do it all the time, helps me to learn and grow as a person. No disagreement from me on this either-- bring on the DD, legitimately prove me wrong, and I will admit it as well as thank those responsible for helping me grow. Otherwise, the posts do nothing to forward the discussion WRT the dynamic (duly noting that is not the intended focus anywaze) siliconinvestor.com Justice37 Share Saturday, February 05, 2011 3:14:26 PM Re: jimmenknee post# 91911 Post # of 91932 In regards to the way I read the amended 8-K, I was completely wrong. WSB's audit of the 2008 accounting was in relation to 310 Holdings. As to if they looked at aspects of JBI's business in relation to Delaware and Canada, I see some evidence it was accounted for in relation to the JBI-NV books but no evidence they were audited by WSB. You made your point. I don't want to belittle my above admission you were right by doing a "yes but no" so please understand I just pointing out another aspect of my last post. I am not convinced about your claim regarding the "mystery million" in JBI-DE. I looked at other evidence given to me and I have to agree you missed something. It's not an issue I own, you are discussing with another person posting. He's going to make you work for it just like he has in the past. I hope you are open minded enough to see that JBI just might be what they and others posting on this board, say it is. Doesn't hurt to say you were wrong about something, I do it all the time, helps me to learn and grow as a person. siliconinvestor.com