SI
SI
discoversearch

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 (7108)5/9/2011 1:36:38 PM
From: SteveFRead Replies (1) | Respond to of 53574
 
The Def14a says they paid almost $70k to Withum for 2010 yet they did no work. Anyone believe that?



To: SteveF who wrote (7108)5/9/2011 2:01:02 PM
From: scionRead Replies (2) | Respond to of 53574
 
Voting Securities

Only shareholders of record as of the close of business on May 6, 2011 (the “Record Date”) will be entitled to vote at the Annual Meeting and any adjournment or postponement thereof.

As of the May 6, 2011, there were 54,611,184 shares of common stock of the Company, issued and outstanding and entitled to vote representing approximately 558 holders of record.

In addition, 1,000,000 Series A Super Voting Preferred Shares are issued and outstanding. Holders of the Series A Super Voting Preferred Shares have one hundred (100) times the number of votes that holders of common stock are entitled to on all matters submitted to shareholders for their action or consideration. There is currently 1 holder of Series A Super Voting Preferred Shares.

Shareholders may vote in person or by proxy. Each holder of shares of common stock is entitled to one vote for each share of stock held on the proposals presented in this Proxy Statement. The Company’s bylaws provide that a majority of all the shares of stock entitled to vote, whether present in person or represented by proxy, shall constitute a quorum for the transaction of business at the Annual Meeting. The enclosed Proxy reflects the number of shares that you are entitled to vote. Shares of common stock may not be voted cumulatively.

page 1
sec.gov



To: SteveF who wrote (7108)5/9/2011 3:27:45 PM
From: scionRead Replies (2) | Respond to of 53574
 
SO, what happened to the "patent related to its Data Business, for the recovery of tape information."?

JBI has a patent related to its Data Business, for the recovery of tape information.

Also, JBI is in the process of filing 5 separate patents for its Plastic2Oil Processor.

FORM 10-K - Page 15
sec.gov

John Bordynuik, 41, John Bordynuik is the founding CEO and President. Mr. Bordynuik developed highly sophisticated technology to address issues related to MIT and NASA’s legacy computer data contained on 30-40 year old tapes, and has since recovered thousands of tapes from the 1960's to 1990's.

Mr. Bordynuik did not have a contract with, and was not compensated by, MIT.

During 1990-2001, Mr. Bordynuik was employed by the Ontario Legislative Assembly, Queen's Park, Toronto, in Research and Development.


Mr. Bordynuik has recovered data from old media for the past 20 years to amass a large solution and algorithm archive.

Mr. Bordynuik was granted a broad US patent (7,115,872) for a dirty bomb detector in 2006.

Mr. Bordynuik invented the Plastic2Oil process in 2009.

The process was scaled to a 20MT machine operating in Niagara Falls, NY. Mr. Bordynuik has designed further enhancements to the P2O processor, including two columns supporting 4 catalyst trays. In addition, he has added significant technology to guarantee fuel quality, along with installing an inline fuel additive injecting system on both heavy and light fuel condensing systems.

He has also engineered a hot-tap residue removal process. Quality control includes two columns for control and specificity of fuel fractions, a cyclone (particulate removal in vapor), fuel filters (particulate removal in liquid), and a centrifuge (additional redundant particulate trap), as well as column enhancements to guarantee particulate free fuel.

Fuel additives are injected inline while fuel is being produced to increase their effectiveness. The residue removal system now works while the processor is running, so the reactor does not have to be cooled down and stopped to remove residue.

Mr. Bordynuik is qualified and capable to perform his duties on the board because of his many years in the technology sector as an innovator and entrepreneur. Because of his past accomplishments commercializing new technologies, Mr. Bordynuik is quite capable of making decisions for the best interest of the company and, when necessary, to engage third party professionals who will perform their respective duties for the best interest of the company.