"We are writing to advise you that the stockholders of JBI, Inc., a Nevada corporation (the “Company,” “we” or “us”), holding a majority of the voting power of our outstanding common stock and preferred stock, voting together as a single class, executed a written consent in lieu of a special meeting dated May 16, 2014, authorizing an amendment to our Articles of Incorporation (the “Charter Amendment”) to (i) change our name to “Plastic2Oil, Inc.” and (ii) increase the total number of authorized shares of common stock, par value $0.001 per share, of our Company from 150,000,000 shares to 250,000,000 shares. Our board of directors (the “Board of Directors”) also approved the proposed Charter Amendment on May 16, 2014."

- http://www.sec.gov/Archives/edgar/data/138110...jbiinc.htm

Good news--Investors are probably going to get a full-on pump from JBI at some point.

Remember the argument that Mr. Bordynuik didn't lie about $10/bbl diesel but that it was just like a baseball player promising a home run??...well, Mr. Bordynuik is now holding the bat and is pointing out over the field to 250,000,000 shares.

Yet no update about what's holding up profitable production and no evidence that that the process can transform anything into another substance of a higher value.