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

To: doylestownPA who wrote (5497)	3/8/2011 5:41:41 PM
From: SteveF	Respond to of 53574

I'm afraid that it doesn't get any clearer: I. Stipulated Penalty. In the event Respondent fails to satisfy the milestone dates imposed in Schedule A of this Order on Consent, DEC shall be entitled to judgment against Respondent. Respondent hereby consents to entry of judgment in New York State Supreme Court for a stipulated penalty for each day of such violation of this Order on Consent. Payment of the penalties shall not in any way alter Respondent’s obligation to complete performance under the terms of this Order. Said stipulated penalties shall be in the following amounts: PERIOD OF NON-COMPLIANCE PENALTY PER DAY 1st Day through 30th Day: $500 31st Day through 40th Day: $750 41st Day through 50th Day: $1,000 51st Day through 60th Day: $1,500 Each Day beyond the 60th Day: $2,500 We don't know if JBII met the milestone dates or if the DEC has tried to collect the agreed-upon penalties because JBII has not said either way. However, common sense tells us that each day that passes with that ever-growing cloud hanging over the company will further erode investor confidence in the stock. There's no good reason that I can come up with for the company to leave it's shareholders in the dark about it if they have indeed averted these penalties..