I took all the dates listed in the 10K for share issuances, PIPES, shareholder loans and legal claims by former employees and incorporated the appointment/resignation dates of various BOD members and insiders:
No date: "During the year, the former owner of one of the Company’s subsidiaries filed a complaint against the Company’s subsidiary alleging wrongful termination of his employment contract and seeking compensatory damages. The Company has made an offer to settle this claim. An estimated settlement of $40,000 has been accrued in the consolidated financial statements." (Judy Vasquez?)
sec.gov
Oct 1, 2009: JBII enters into $144k/yr employment agreement with Ronald Baldwin (CPA) and assigns him as Pak-It CFO.
sec.gov
Jan 1, 2010: Pak-It CFO Ronald Baldwin appointed to JBII Board of Directors
sec.gov
Jan 11, 2010: JBII appoints Dr. Jacob Smith to the Board of Directors
sec.gov
Feb 12, 2010: JBII appoints Amy Bradshaw, John Wesson and Theodore (Ted) Henry to the Board of Directors
sec.gov
Mar 24, 2010: Theodore (Ted) Henry resigns from JBII Board of Directors
sec.gov
Mar 24, 2010: JBII appoints Gregory Goldberg to the Board of Directors
sec.gov
Apr 15, 2010: Date of First Sale for the as yet unannounced $4.00 PIPE
sec.gov
Apr 30, 2010: JBII appoints Dr. Robin Bagai to the Board of Directors
sec.gov
May 2010: "In May, the Board of Directors approved compensation for its independent members. Compensation includes the one-time issuance of restricted stock and annual stock options for which the strike price will be set each year."
sec.gov
May 20, 2010: JBII announces it has consummated the $4 PIPE. 488,779 total shares sold, raising $1,955,116 in proceeds
sec.gov
June 1, 2010: "On June 1, 2010, Ms. Amy Bradshaw resigned as a member of the Board of Directors of JBI, Inc. (the “Company”). Ms. Bradshaw’s resignation was not a result of any disagreements relating to the Company’s operations, policies or practices. Ms. Bradshaw has accepted a position with the Company as Vice-President of Marketing and Communications."
sec.gov
Aug 13, 2010: "Mr. Gregory Goldberg resigned as a member of the Board of Directors of JBI, Inc. (the “Company”). Mr. Goldberg’s resignation was not a result of any disagreements relating to the Company’s operations, policies or practices."
sec.gov
Aug 2010: "a former employee filed a complaint against the Company’s subsidiary alleging wrongful dismissal and seeking compensatory damages. The Company denied the validity of the contract which was signed by the former employee as employee and president of the subsidiary. The Company entered into negotiations with the former employee to trade-off some of the benefits of the alleged employment agreement in return for repayment of debts to the company incurred by the former employee while in the employment of the Company’s subsidiary." (Steve Seneca?)
sec.gov
Sep 2010: "an investor filed a lawsuit against the Company for failure to timely remove restrictive legends from his shares in the Company."
sec.gov
Oct 15, 2010: "the Company entered into an unsecured short-term loan agreement with an existing shareholder in the amount of $200,000."
sec.gov
Nov 2010: "a member of the Board of Directors entered into a short-term loan agreement with the Company in the amount of $ 30,000"
sec.gov
Dec 1, 2010: "the Company entered into a secured short-term loan agreement with an existing shareholder in the amount of $100,000"
sec.gov
Dec 14, 2010: "the Company entered into a short-term loan agreement with an existing shareholder in the amount of $35,000"
sec.gov
Jan 3, 2011: "the Board of Directors of JBI, Inc. (the "Company") appointed Mr. James Fairbairn to the Company’s Board of Directors."
sec.gov
Jan 4, 2011: JBII consummates $.50 PIPE. 2,430,000 shares issued for $1,215,000. No Form D filed so Date of First Sale known.
sec.gov
Feb 28, 2011: "the Company entered into a settlement agreement related to a legal claim in which the Company’s former consultants and an executive officer claimed money owed to them for consulting work performed in fiscal 2010. Pursuant to the settlement agreement, the Company is liable for a sum of $312,500, which was included in accrued expenses at December 31, 2010."
sec.gov
Mar 2011: "a former employee filed a complaint against the Company and its subsidiaries alleging wrongful dismissal and seeking compensatory damages. "
sec.gov
Apr 6, 2011: "JBI, Inc. (“JBI” or the “Company”) accepted Ron Baldwin’s resignation as Chief Financial Officer."
sec.gov
Apr 2011: "the Company consummated a confidential private placement for the issuance and sale of 2,010,481 Common stock, at a price of $0.70 per share."
sec.gov
(still need to add Kidd & Kaplanis suits - can't forget Steve Seneca) |
