Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SteveF who wrote (6587)	4/21/2011 9:08:16 PM
From: jimmenknee	Respond to of 53574

lol excellent find Steve... also, how do you do a 2-year agreement that expires in 1 year?

To: SteveF who wrote (6587)	4/21/2011 9:11:05 PM
From: scion	Respond to of 53574

(2) 100,000 shares were issued to Jacob Smith on January 11, 2010. The closing share price on January 11, 2010 was $5.55. Page 62 Employment Contracts On January 1, 2010, the Company entered into an employment agreement with Dr. Jacob Smith, the Company’s COO. The agreement has a two-year term expiring on December 31, 2011. Pursuant to the agreement, Dr. Smith earns an annual salary of $100,000 and was entitled to 100,000 shares of Common stock as incentive. Page 63 sec.gov

To: SteveF who wrote (6587)	5/9/2011 1:34:58 PM
From: SteveF	Read Replies (3) \| Respond to of 53574

Looks like the 10K needs an amendment now: (2) 100,000 shares were issued to Jacob Smith on January 11, 2010. The closing share price on January 11, 2010 was $5.55. sec.gov Message 27326195 Message #6588 from SteveF at 4/21/2011 8:50:01 PM "On January 1, 2010, the Company entered into an employment agreement with Dr. Jacob Smith, the Company’s COO. The agreement has a two-year term expiring on December 31, 2011. Pursuant to the agreement, Dr. Smith earns an annual salary of $100,000 and was entitled to 100,000 shares of Common stock as incentive." sec.gov Well then! Is the SEC paying attention? "On January 11, 2010, the Board of Directors of JBI, Inc., (the “Company”) appointed Dr. Jacob Smith as the Company’s Chief Operating Officer."....."There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K."....."There is no employment agreement between Dr. Smith and the Company." sec.gov [Five trading days earlier JBII hit it's historical all-time high of $7.45 (Dec 31, 2009)]