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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 (11805)8/23/2011 3:29:27 PM
From: scionRead Replies (2) | Respond to of 53574
 
The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in JBI, Inc. of the Filing of a Class Action Lawsuit and the September 26, 2011 Deadline to Seek Lead Plaintiff Status

NEW YORK, NY--(Marketwire - Aug 23, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Nevada on behalf of purchasers of the common stock of JBI, Inc. ("JBI" or the "Company") (PINKSHEETS: JBII) during the period of August 28, 2009 and July 20, 2011 (the "Class Period").

For more information, click here: zlk.9nl.com.

The complaint alleges that during the class period, JBI and certain of its officers and directors issued misleading statements regarding the value of media credits obtained through various acquisitions. The complaint also alleges that the Company failed to prepare financial results in accordance with Generally Accepted Accounting Principles (GAAP) and failed to maintain sufficient internal and financial controls at the Company.

On May 21, 2010, the Company disclosed that its financial statements for the 2009 fiscal year and 2009 third quarter should no longer be relied upon. Upon this news, shares of JBI declined more than 20% per share. Furthermore, on July 20, 2011, JBI disclosed that the SEC's Division of Enforcement issued a "Wells Notice" indicating the staff's intention to recommend that the SEC file a civil lawsuit against the Company.

If you are a member of the class and suffered a loss in JBI stock, you have until September 26, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit zlk.com.



To: SteveF who wrote (11805)8/23/2011 3:32:35 PM
From: scionRead Replies (1) | Respond to of 53574
 
Then of course there's still the $2 million in "corporate" expenses that have to be covered.

kezzek Share Tuesday, August 23, 2011 3:22:41 PM
Re: Steady_T post# 130866 Post # of 130879

I disagree. Each machine has its own costs - waste plastic, separation of plastic from other waste, moving plastic to processor, processing it through machine, including catalyst, energy and labor required to produce output, disposal of remaining waste, and other costs.

Remember, P2O had revenues of $86k, only $47k of it from fuel. They had $2.6 million in losses over 3 months of which only $200k was R&D. Who knows how much of that $2.4 million were really direct costs of producing the fuel. CGS is a highly subjective number.

If you take the whole of P2O, (excluding corporate losses of $2 million for the quarter), you have a negative net margin from that LOB of about 3,000%. That means for every $1 of revenues, it cost over $30 to produce it.

I would hope margins will improve, but the 3,000% improvement necessary for just P2O to reach breakeven seems unlikely without a massive capital investment, which seems unlikely before major margin improvement, which seems unlikely, well, you get the idea.

Then of course there's still the $2 million in "corporate" expenses that have to be covered.

siliconinvestor.com



To: SteveF who wrote (11805)8/23/2011 4:24:33 PM
From: scionRespond to of 53574
 
I'm not sure what triggers the inclusion of such firms on the top page of the !0Q's and K's, but one of the requirements of inclusion in the OTCQX group is that the company have a "mentor in terms of what they call a DAD or PAL.

loanranger Share Tuesday, August 23, 2011 4:18:33 PM
Re: scion post# 130874 Post # of 130908

I'm not sure what triggers the inclusion of such firms on the top page of the !0Q's and K's, but one of the requirements of inclusion in the OTCQX group is that the company have a "mentor in terms of what they call a DAD or PAL. This is what the company info page on otcmarkets.com for JBII says now:
Service Providers
DAD/PAL
Anslow & Jaclin, LLP
195 Route 9 South
Suite 204
Manalapan, NJ, 07726
United States

So if they have dropped their connection to Anslow & Jaclin they may have problems with otcmarkets.

I'm not sure how or if this ties in:

8/3/2011
FOR IMMEDIATE RELEASE - NEW YORK – August 3, 2011. Sichenzia Ross Friedman Ference LLP (SRFF) and Anslow + Jaclin (A+J) are pleased to announce that the two firms will combine to form Sichenzia Ross Friedman Ference Anslow LLP ("SRFFA") effective as of September 1, 2011.

From the same article:
According to data provided by PrivateRaise, a service of DealFlow Media, since 2004 SRFF has continuously been ranked as the top firm in the United States for representing public companies in PIPEs transactions. Further, from 2008 through 2011, SRFF and A+J were ranked as the top two firms by the number of all reverse mergers advised.
anslowlaw.com

siliconinvestor.com



To: SteveF who wrote (11805)8/26/2011 1:40:58 PM
From: scionRespond to of 53574
 
AJ Acquisition Corp

“AJ Acquisition Corp”    
5 Registrants (Public Companies / Funds, Significant Individuals / Owners, et al.)First Last Filing Name Symbol Regulator #
(more-likely to less-likely)

2/12/10 6/14/11 AJ Acquisition Corp/II/Inc U.S. SEC # 1483055
2/12/10 6/14/11 AJ Acquisition Corp I/Inc U.S. SEC # 1483053
2/12/10 6/2/11 AJ Acquisition Corp/III/Inc [ now China Everhealth Corp ] U.S. SEC # 1483056
2/12/10 6/14/11 AJ Acquisition Corp/IV/Inc [ now BAILEY FRANCES Corp ] U.S. SEC # 1483057
2/12/10 7/5/11 AJ Acquisition Corp/V/Inc [ now China Aluminum Foil/Inc ] U.S. SEC # 1483058

secinfo.com

AJ Acquisition Corp I/Inc

Line 2,540: On June 28, 2010 , the Company entered into a stock purchase agreement with Richard I. Anslow and Gregg E. Jaclin, who together held 100% of the issued and outstanding shares of capital stock of the Company (together the “Sellers”) and ARC China Investment Funds (the “Purchaser”) pursuant to which the Sellers sold all of the Company ’s issued and outstanding shares of capital stock to the Purchaser for $27,500 (“Sale”). The Sale closed on June 28, 2010 .

secinfo.com