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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 (6558)	4/21/2011 12:43:30 PM
From: SteveF	Read Replies (1) \| Respond to of 53574

I don't see the CEO's holdings listed in the 10K. He's included it in all of the past filings (he should have a little over 9 mill commons left).

To: SteveF who wrote (6558)	4/21/2011 12:45:11 PM
From: scion	Respond to of 53574

Could be more of the DE-JBI cover-up. The 809k shares he issued himself are now valued at ~$350k whereas the other stock issuance line-items describe that other stock as priced at the closing price of the day they were issued. I can't find any valuations for the tape eqpt now even though both the Pak-It and Javaco acquisitions were restated again for the umpteenth time. More obfuscation, and he answers to no one, except he may have to explain it all to the SEC, whether he wants to or not. Concentration of ownership among our existing officers, directors and principal shareholders may prevent other shareholders from influencing significant corporate decisions and depress our share price. As of the date of this Prospectus, our officers, directors and existing shareholders who hold at least 10% of our shares will together beneficially own approximately 18.64% of our issued and outstanding Common stock. As of the date of this Prospectus, John Bordynuik, our President and Chief Executive Officer, owns approximately 16.15% of our issued and outstanding Common stock. In addition, Mr. Bordynuik is the sole owner of our issued and outstanding Preferred Shares, consisting of 1,000,000 Series A Preferred Shares. The Series A Preferred Shares have voting rights that are 100 times the voting rights of our Common stock. Therefore, Mr. Bordynuik controls approximately 65% of the voting power of the Company’s share capital and is able to exert a significant degree of influence over our affairs and control over matters requiring shareholder approval, including the election of directors, any amendments to our articles or by-laws and significant corporate transactions. The interests of this concentration of ownership may not always coincide with the Company’s interests or the interests of other shareholders. For instance, officers, directors, and principal shareholders, acting together, could cause the Company to enter into transactions or agreements that it would not otherwise consider. Similarly, this concentration of ownership may have the effect of delaying or preventing a change in control of the Company otherwise favoured by our other shareholders. This concentration of ownership could depress our share price. page 32 sec.gov