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To: SteveF who wrote (6537)4/20/2011 9:49:19 PM
From: dreaminbigRespond to of 53574
 
Question is what are the devices? Processors? Tape readers? Who is the shareholder? John B?



To: SteveF who wrote (6537)4/20/2011 9:54:04 PM
From: scionRead Replies (2) | Respond to of 53574
 
One of the Company’s subsidiaries entered into a consulting service contract with a shareholder.

Which subsidiary, and who is the shareholder?

scion Share Wednesday, April 20, 2011 9:51:39 PM
Re: scion post# 102497 Post # of 102536

One of the Company’s subsidiaries entered into a consulting service contract with a shareholder. The minimum future payment is equal to fifty percent of the operating income generated from the operations of two of the most profitable devices and 10% from all the other devices.

NOTE 12 – COMMITMENTS AND CONTINGENCIES
JBI, INC.- FORM 10-K - Filing Date 2011-04-20
sec.gov

siliconinvestor.com



To: SteveF who wrote (6537)4/20/2011 10:42:12 PM
From: streetscraperRead Replies (1) | Respond to of 53574
 
This with out a doubt is the WORST 10K I have ever witnessed
The amount of money he has got from shareholder along with
assets to the other business to back the money spell DISASTER.

THIS IS THE FIRST SELF BASHING 10K I HAVE EVER SAW IN MY LIFE.