Here are some additional links important to JBI discussions in 2014.
I have included the source of the information by providing the links of origin. Doesn't look like JBI is going anywhere but a name change, and a new CUSIP number.
Note I am limited to only 1 post per day so I ask that anyone that wants to discuss the information in the links please provide direct links to your information and not cut and paste bits and parts of information.
A warning to those who are paid to post?
S.E.C. Vows More Use of a Little-Used Tool
By PETER J. HENNING DealBook
New York Times
May 27, 2014 12:43 pm
http://dealbook.nytimes.com/2014/05/27/s-e-c-..._r=1&;
It is rare that the Securities and Exchange Commission announces a new approach to pursuing violations. Mary Jo White, the agency’s chairwoman, did just that last week when she pointed to a seldom-used provision of the federal securities laws that the S.E.C. will employ against people who use others to do their bidding.
In a speech at a white-collar crime conference sponsored by the New York City Bar Association, Ms. White said that “One new approach to charging individuals is to use Section 20(b) of the Exchange Act,” which she said can be “potentially a very powerful tool” for pursuing violations. Before discussing the provision, she kindly told her audience filled with defense lawyers that “before you start reaching for your smartphones to look it up, let me save you the trouble” by describing the provision for them.
[ 15 U.S. Code § 78t - Liability of controlling persons and persons who aid and abet violations http://www.law.cornell.edu/uscode/text/15/78t ]
The following link is the court documentation showing the OUTCOME of the of the April 2014 court hearing. This hearing is the follow up to earlier proceedings to determine if the allegations against JB/JBI are accepted or denied.
Please pay attention to the outcome section particularly (h) the allegations are withdrawn.
http://www.osc.gov.on.ca/documents/en/Proceed...nuikjw.pdf
CHICAGO, IL, May 29, 2014 (Marketwired via COMTEX) -- A lIP awsuit has been filed under the Freedom of Information Act against the Securities and Exchange Commission (SEC) to obtain the agency's investigative files relating to more than a dozen aborted investigations and cases involving naked short selling. The complaint was filed on behalf of Mark Mitchell, an investigative journalist who publishes on www.deepcapture.com , a website that offers in-depth reports on the extent to which naked short selling pervades the US capital markets.
http://www.marketwatch.com/story/journalist-s...2014-05-29
From The Kiplinger Letter, May 23, 2014
Another promising source of energy: Recycled plastic.
A few small firms are turning plastic waste destined for landfills into synthetic crude oil. The process requires some very advanced chemistry, but the raw material is cheap and abundant, and the trickle of oil being made now figures to pick up as the technique gets refined. Also, environmentalists believe it could be a lucrative way to cut down on plastic litter.
Among producers making a play on oil from plastic
: Utah-based PK Clean. RES Polyflow of Ohio. And JBI Inc. of N.Y., already producing 700,000 gallons a year.
________________________________________
http://www.kiplinger.com/article/business/T00...s2jWdsg.99
I have included the source of the information by providing the links of origin. Doesn't look like JBI is going anywhere but a name change, and a new CUSIP number.
Note I am limited to only 1 post per day so I ask that anyone that wants to discuss the information in the links please provide direct links to your information and not cut and paste bits and parts of information.
A warning to those who are paid to post?
S.E.C. Vows More Use of a Little-Used Tool
By PETER J. HENNING DealBook
New York Times
May 27, 2014 12:43 pm
http://dealbook.nytimes.com/2014/05/27/s-e-c-..._r=1&;
It is rare that the Securities and Exchange Commission announces a new approach to pursuing violations. Mary Jo White, the agency’s chairwoman, did just that last week when she pointed to a seldom-used provision of the federal securities laws that the S.E.C. will employ against people who use others to do their bidding.
In a speech at a white-collar crime conference sponsored by the New York City Bar Association, Ms. White said that “One new approach to charging individuals is to use Section 20(b) of the Exchange Act,” which she said can be “potentially a very powerful tool” for pursuing violations. Before discussing the provision, she kindly told her audience filled with defense lawyers that “before you start reaching for your smartphones to look it up, let me save you the trouble” by describing the provision for them.
[ 15 U.S. Code § 78t - Liability of controlling persons and persons who aid and abet violations http://www.law.cornell.edu/uscode/text/15/78t ]
The following link is the court documentation showing the OUTCOME of the of the April 2014 court hearing. This hearing is the follow up to earlier proceedings to determine if the allegations against JB/JBI are accepted or denied.
Please pay attention to the outcome section particularly (h) the allegations are withdrawn.
http://www.osc.gov.on.ca/documents/en/Proceed...nuikjw.pdf
CHICAGO, IL, May 29, 2014 (Marketwired via COMTEX) -- A lIP awsuit has been filed under the Freedom of Information Act against the Securities and Exchange Commission (SEC) to obtain the agency's investigative files relating to more than a dozen aborted investigations and cases involving naked short selling. The complaint was filed on behalf of Mark Mitchell, an investigative journalist who publishes on www.deepcapture.com , a website that offers in-depth reports on the extent to which naked short selling pervades the US capital markets.
http://www.marketwatch.com/story/journalist-s...2014-05-29
From The Kiplinger Letter, May 23, 2014
Another promising source of energy: Recycled plastic.
A few small firms are turning plastic waste destined for landfills into synthetic crude oil. The process requires some very advanced chemistry, but the raw material is cheap and abundant, and the trickle of oil being made now figures to pick up as the technique gets refined. Also, environmentalists believe it could be a lucrative way to cut down on plastic litter.
Among producers making a play on oil from plastic
: Utah-based PK Clean. RES Polyflow of Ohio. And JBI Inc. of N.Y., already producing 700,000 gallons a year.
________________________________________
http://www.kiplinger.com/article/business/T00...s2jWdsg.99
