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


To: SteveF who wrote (6061)4/5/2011 4:10:18 AM
From: SteveFRead Replies (1) | Respond to of 53574
 
This is funny I don't care who you are!

Expedite2 S-1:

"Total estimated gross profits are based on 18,000 tapes/month beginning April 2009. The company’s first year profits are impacted by “one time” costs such as the cost to take the company public and the costs of scaling up including drives, tape conditioners, ovens, and infrastructure."
sec.gov

[Sound familiar?]

JBII Q1 2010 10Q:

"Expenses for subsidiaries Pak-It and Javaco have been higher than expected in connection with restructuring costs associated with the acquisitions. The Company considers these expenses to be one-time charges."
sec.gov

JBII Q2 2010 10Q:

"While the Company has experienced a cumulative operating loss, a significant portion of the expenses incurred this year have related to non-cash items such as the issuance of stock compensation totaling over $3.1 million. Additionally, the Company has made significant one-time purchases of property and equipment relating to the development of its Plastic2Oil technology and its fuel blending site. Total capital purchases made in 2010 exceed $1.4 million."
sec.gov

JBII Q3 2010 10Q:

"While the Company has experienced a cumulative operating loss, a significant portion of the expenses incurred this year have related to non-cash items such as the issuance of stock compensation totaling over $3.3 million. Additionally, the Company has made significant one-time purchases of property and equipment relating to its Plastic2Oil technology and its fuel-blending site. Total capital purchases made in 2010 exceed $2.1 million."
sec.gov



To: SteveF who wrote (6061)4/5/2011 2:49:12 PM
From: SteveFRespond to of 53574
 
HAPPY 2-YEAR ANNIVERSARY EXPEDITE2 INVESTORS!!!!

I think this 2-year anniversary is a pretty big deal.

Only 9,895,241 of the 23,000,000+ eligible restricted shares have had their legends removed since Honest John took over the shell. [The float when JB took over: 23,450,000; today it's 33,345,241]

These are just a few blocks accounting for 23 mill restricted shares issued by JBII, excluding the 3+ million shares issued for salary during 2010 and the $4 & $.50 PIPES:

-9,697,375 restricted shares issued to the Expedite2 investors.
-809,593 restricted shares issued to John Bordynuik for the tape eqpt
-8,260,842 restricted shares issued for the $.80 PIPE
-4,045,000 restricted shares issued to the Pak-It Members Trust
(yet only 9,895,241 total restrictions have been lifted since the co.'s inception)

The Expedite2 stock is apparently the first block of JBII placement shares to be fully free of Rule 144 restrictions. It accounts for 17% of the total OS and 30% of the current float:

Rule 144 Shares

As of April 6, 2009, there are no shares of common available for resale to the public and in accordance with the volume and trading limitations of Rule 144 of the Act. After June 2009, the 100,000 common shares held by John Bordynuik will become available for resale to the public and in accordance with the volume and trading limitations of Rule 144 of the Act. After February 2010, the 37,000,000 shares held by John Bordynuik pursuant to the Exchange Agreement will become available for resale to the public and in accordance with the volume and trading limitations of Rule 144 of the Act. After February 2010, all of the shares of our common stock held by the 245 shareholders who were issued shares pursuant to the Exchange Agreement will become available for resale to the public. Sales under Rule 144 are subject availability of current public information about the company.

In general, under Rule 144 as currently in effect, a person who has beneficially owned shares of a company’s common stock for at least one year is entitled to sell within any three month period a number of shares that does not exceed 1% of the number of shares of the company’s common stock then outstanding which, in our case, would equal approximately 586,212 shares of our common stock as of the date of this prospectus.

Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about the company. Under Rule 144(k), a person who is not one of the company’s affiliates at any time during the three months preceding a sale, and who has beneficially owned the shares proposed to be sold for at least two years, is entitled to sell shares without complying with the manner of sale, public information, volume limitation or notice provisions of Rule 144.


sec.gov