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

To: scion who wrote (11807)	8/23/2011 4:24:08 PM
From: DanDerr	Read Replies (1) \| Respond to of 53574

Oh my, what a shocker!! LOLOL

To: scion who wrote (11807)	2/13/2012 12:32:59 PM
From: scion	Read Replies (1) \| Respond to of 53574

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Securities Laws Violations by JBI, Inc. * Reuters is not responsible for the content in this press release. Mon Feb 13, 2012 12:09pm EST The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Securities Laws Violations by JBI, Inc. Levi & Korsinsky is investigating potential claims on behalf of purchasers of JBI, Inc. (“JBI” or the “Company”) (PINK: JBII) securities concerning possible violations of federal securities laws. For more information, click here: zlk.com. The investigation concerns possible breaches of fiduciary duties by the Company's officers and directors in connection with the erroneous booking of media credits in violation of generally accepted accounting principles ("GAAP"). On January 4, 2012, the Securities and Exchange Commission (the “SEC”) filed a complaint alleging that JBI materially overstated certain assets in its 2009 third quarter and year-end balance sheets. Specifically, in its financials JBI listed media credits purchased by the company for $1,000,000 in common stock as having a value of $9,997,134, which made the media credits the single largest asset on JBI’s balance sheet. The Defendants then used the overvalued financial statements in two private capital raising efforts geared toward raising the capital necessary to begin commercial operation and production of Plastic2Oil, a process designed to convert plastic waste into oil. JBI raised over $8.4 million for the company while relying on misrepresentations to investors about the company’s assets and valuation. Shortly after obtaining the approximately $8.4 million in financing, the company issued a statement indicating that its financial statements could no longer be relied upon due, in part, to the erroneous valuation of certain assets on the balance sheet. Upon this news, JBI stock plummeted from a closing price of $2.35 per share on January 3, 2012 (the day prior to the disclosure), to a close of $0.86 per share the following day. If you own JBII stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit zlk.com. reuters.com 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. Message 27589436