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To: scion who wrote (22075)4/8/2012 5:00:17 PM
From: dreaminbigRead Replies (2) | Respond to of 53574
 
Something smells very fishy here. Values listed in the subsequent 10K and 10K/A don't match any of this. Maybe it's one of the 'among other things' the SEC is referring to.

8K/A 7/20


Common stock issued for assets

at $1.15 per share on July 15, 2009
809,593


On June 25, 2009 310, Inc. (the Company) entered into an agreement with John Bordynuik, Inc. to purchase property whereby the Company issued 809,593 common shares which represents a value of $931,032. The schedule of property value holds its historical cost less the accumulated depreciation as this value is not materially different that its fair market value.


ASSET SUMMARY



FURNITURE & FIXTURES
34,620.22

Office Furniture & Appliances

EQUIPMENT - OFFICE
97,382.83

Computers, Server Racks, Copiers, Printers, Faxes

EQUIPMENT- IT PRODUCTION
372,097.17

Tape Dehumidification Systems, Tape Ovens,

Mobile Data Conversion Container, HP Servers, Photographing Stations

EQUIPMENT - PLASTIC 2 OIL
41,954.29

EQUIPMENT - MACHINERY & TOOLS
4,591.13

Meters, Scopes, Soldering Guns, Compressors, Presses
$ 550,645.64


sec.gov

Original 8K

EXHIBIT A

PURCHASED ASSETS




Equipment

$6,267

Office Furniture & Equipment

$57,942

Telephone System

$7,524

Computer Software

$1,991

Tape Reading Equipment

$259,511

Tape Ovens

$6,753

Drive Cooling System

$1,423

Moisture Control Device

$4,389

Tools

$3,297

Mobile Data Recovery Unit

$120,091

Liftruck

$8,473

$477,600





To: scion who wrote (22075)4/8/2012 9:19:43 PM
From: scionRead Replies (1) | Respond to of 53574
 
Yeah, the media credits is but one piece of the SEC suit. And pretty much every one of those pieces is more than enough to sink JB, IMHO.

kezzek Sunday, April 08, 2012 9:14:24 PM
Re: scion post# 175959 Post # of 175966
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