December 9, 2009 (FinancialWire) JBI, Inc. (OTCBB: JBII) said John Bordynuik, CEO / president, has returned twelve million of his common shares to the companys treasury and was issued one million non-convertible preferred shares, with 100 to 1 voting rights and no dividend income. The net effect of this transaction is that there will now be 46,725,106 total outstanding common shares and 1,000,000 series A super voting preferred stock outstanding. The companys shares are available to use for accretive acquisitions and debt pay-off.
JBI, Inc. is transitioning to become a global technology leader whose purpose is to mine data from JBIs large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil.
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