Meltdown Incorporated Co-authored with Stephanie McGarry Laurentian University Meltdown Incorporated (MI) recycles plastic and then sells it to manufacturing companies to produce toys, household items (such as coffee makers), and so on. MI was founded in 1998 by Samuel Abdesselam. Sam has maintained full ownership of MI, deciding not to take it public when so many other recycling companies were going public. While Sam is the only shareholder, MI does have a substantial bank loan and the bank requires an annual audit of MI's financial statements and MI follows ASPE. Sam has a background in operations, but is also very strong in accounting