jbi inc (JBII) Key Developments
JBI, Inc. announced delayed annual 10-K filing
Mar 31 14
On 03/31/2014, JBI, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
JBI, Inc. Appoints Rahoul Banerjea as CFO
Mar 20 14
JBI, Inc. has appointed Rahoul Banerjea as CFO. Mr. Banerjea, CPA, has extensive expertise working with publicly traded, global high technology and manufacturing companies. As a Principal with Matun Group LLC, Mr. Banerjea was Interim vice president of Finance at Bodycote, Hot Isostatic Processing Division, where he provided financial and accounting leadership for a $100 million global manufacturing operation. As a Partner with Tatum, LLC, Mr. Banerjea was Interim Corporate Controller of CMGI, Inc., Interim Finance Director at FTI Consulting's technology segment, Project Consultant at Interactive Data Corporation, Interim CFO at Harmonix Music Systems, and Project Consultant at Commercial Industrial Financial Corporation.
JBI, Inc. Announces Resignation of Nicholas Terranova as Chief Financial Officer, Effective February 28, 2014
Feb 24 14
On February 18, 2014, Nicholas Terranova informed the Board of Directors of the JBI, Inc. of his resignation from his position as the company's Chief Financial Officer, effective February 28, 2014.
JBI, Inc. Reports Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 12 13
JBI, Inc. reported earnings and production results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported $302,275 in total revenues, a 59.5% increase from the third quarter of 2012. Net loss was $4,052,930, compared to $2,996,415 in third quarter of 2012. These losses consisted of losses from continuing operations of $3,100,873 and $2,763,118 for the quarters ended September 30, 2013 and 2012, respectively. The increase in net loss was driven by the discontinuation of operations at RRON.
For the nine months a net loss of $9,823,166 compared to $9,892,913 for the nine months ended September 30, 2012. These losses consisted of losses from continuing operations of $7,788,683 and $9,401,133 for the nine months ended September 30, 2013 and 2012, respectively.
For the quarter, the company produced 170,725 total gallons of fuel in the third quarter of 2013, compared to 69,708 gallons produced in third quarter 2012, a 144.9% increase.
JBI, Inc., Annual General Meeting, Dec 10, 2013
Oct 28 13
JBI, Inc., Annual General Meeting, Dec 10, 2013., at 13:30 US Eastern Standard Time. Agenda: To elect two directors to hold office for a one-year term and until each of their successors are elected and qualified; to ratify the appointment of MNP LLP as independent registered public accounting firm for the fiscal year ending December 31, 2013; and to transact such other business as may properly come before the annual meeting or any postponement or adjournment thereof.