Where did all the money go?
These are all stock issuances for cash - approx. $35 million:
“Through January 14, 2010, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 8,439,893 shares of the common stock. The offering was at $0.80 and the gross proceeds received by the Company were $6,751,914. The total shares issued pursuant to the offering was 8,439,893, of which 1,259,910 shares were issued in 2010. “
sec.gov
“In May, 2010, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of up to 1,000,000 shares of common stock, $0.001 par value per share at per share price of $4.00. The net proceeds received by the Company were in the amount of $1,955,116, for the sale of 488,779 shares.”
sec.gov
“In December 2010, the Company consummated a confidential private placement for the issuance and sale of 2,430,000 shares of common stock at a price of $0.50 per share. The Company received gross proceeds in the amount of $1,189,000, net of share issue costs of $26,000. The 2,430,000 shares of common stock were issued on January 19, 2011.”
sec.gov
“During the period, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 942,410 shares of the common stock. The offering was at $0.70 per share totaled $659,672. As a result of the private placement, the Company received cash of $504,672 and offset the $35,000 short-term loan (note 8(a)). The Company had stock subscriptions receivable of $120,000 as of March 31, 2011.”
sec.gov
“In April 2011, the Company consummated a confidential private placement for the issuance and sale of 1,068,071 Common shares at a price of $0.70 per share. The net proceeds received by the Company were in the amount of $747,650 and will be used for working capital management, development and preparation of the commercial operations of the P2O business. $504,672 of the proceeds was received during the period ended March 31, 2011 and recorded in common stock subscribed.”
sec.gov
“In June 2011, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 8,157,057 shares of common stock. The offering was at $0.70 per share and the Company had subscriptions for these shares which amounted to proceeds of $5,709,940.”
sec.gov
“In June 2011, the Company consummated a confidential private placement for the issuance and sale of 2,010,484 shares of common stock at a price of $0.70 per share. The Company received gross proceeds in the amount of $1,407,339, net of share issue costs of $Nil. The Company also had subscriptions for an additional 407,071 shares for proceeds of $284,950. The offering proceeds were used for working capital.”
sec.gov
“On June 7, 2011, JBI, Inc., (the “Company”) consummated a confidential private placement (the “Private Offering”) with certain accredited investors for the issuance and sale of 6,468,979 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”) at per share price of $0.70 for aggregate offering proceeds of $4,528,285.”
sec.gov
“In August 2011, the Company consummated a confidential private placement for the issuance and sale of 1,428,571 shares of common stock at a price of $0.70 per share. The Company received gross proceeds in the amount of $1,000,000 and is obligated to issue 142,857 common shares as a finder’s fee related to this placement. The 142,857 common shares were issued August 23, 2011.”
sec.gov
“The Company also had subscriptions for an additional 407,143 shares for proceeds of $285,000. The 407,143 common shares were issued September 22, 2011.”
sec.gov
“Between December 30, 2011 and January 6, 2012, JBI, Inc. (the “Company”) entered into separate Subscription Agreements (the “Purchase Agreements”) with 13 investors (the “Purchasers”) in connection with a private placement of units consisting of one share of common stock and a warrant (the “Warrants”) to purchase 0.5 shares of common stock. Pursuant to the Purchase Agreements, the Company agreed to sell and issue to the Purchasers an aggregate of 2,795,000 shares of its common stock and warrants to purchase up to an additional 1,397,500 shares of its common stock. The per unit purchase price was $1.00 and the gross proceeds to the Company were $2,795,000.”
sec.gov
“The Company received an additional $495,000 for further subscriptions for 495,000 units under this private placement during January 2012.”
sec.gov
“On May 15, 2012, JBI, Inc. (the “Company”) entered into Subscription Agreements (the “Purchase Agreements”) with several “accredited investors” (the “Purchasers”) in connection with a private placement of shares (the “Shares”) of the Company’s common stock, $.001 par value per share. Pursuant to the Purchase Agreements, the Company agreed to issue and sell to the Purchasers an aggregate of 12.5 million Shares at a purchase price of $0.80 per Share for aggregate gross proceeds to the Company of $10 million. An initial closing took place on May 15, 2012 for the sale of 12,331,250 Shares for gross proceeds of $9,865,000. No warrants or registration rights were granted to the Purchasers in the transaction.”
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