I consider the SEC investigation somewhat similar to an IRS audit my company had years ago. My books were not cooked and yet I had to provide an office for the IRS to set up shop and be at their beck and call as well as having my CPA available as well. On the third full day of providing backup documentation for every claim my CPA informed me they would not leave until they found something.
They left with me agreeing through my CPA to pay an additional $143.00. My accountant's bill was much higher than that.
Would anyone be shocked if the truth be known all of JBII's problems with regulators were at the behest of those who owned a large short position that they stood to lose big bucks on? Not me. If you don't think that possible you may want to reread the information recently revealed on SEC shenanigans I posted. Patrick Byrne put it best when he called them "captured" and I'm sure many are. In fact did I read that the originator of the JBII complaint is no longer with the agency? It is an immoral world we seem to live in at this time.
Go JBII!!!
BTW I did not malign the SEC, those were former employees of the SEC commenting on the misdeeds and corruption they withessed.