always interesting to see what *remains* and what goes *poof*
this went *poof*
================================
it's *irrelevant*
this is SOP done by every publicly
traded company >> both in PRs' and
in front of every Conference Call
held >> because the info is only
*valid* at the exact time the data
is released/filed/PR'd >> get the picture
and what is really telling is every single
individual who has ever worked in the real
world >> knows it
may i suggest all listen to any of the big boards
earnings calls >> next week >> you will hear very
specific *disclaimers* >> being stated in advance
of the CC getting underway >> same thing with PRs
it's pretty clear what changes have come to pass since
SAIC's report was generated back last spring
and it's equally clear that JBI has detractors who have very
very little left besides the SEC in stall mode
tic toc >> end date is known
[b][color=red]edit [/color]>> for ponzi >> hooks run deep >> the sec doesn't have
a leg to stand on >> their hypocrisy reeks re: these media
credits as has been discussed via 1000s of posts >> since
the *tri fecta* of volume done in JAN 2012 >> that didn't
make a dent in the hole dug so deep by this entity stuck on
stupid >> they have utilized every dirty trick in the PROS'
playbook >> here's a hint >> multi dimensional thinking can
outlast hedgies *$$$$* >> because P2O WORKS
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in response to this
"the word "disavowed" is a made-up word not used by JBII"
But it does describe the repudiation of the report and summary as described in the company press release:
"However, neither the SAIC report nor the executive summary should be relied on as management's analysis or opinion regarding JBI's current strategic plan or its business or financial prospects."
The concept of non-reliance should have a familiar ring to it.
Item 4.02, Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
"On May 19, 2010 John Bordynuik, President and Chief Executive Officer and Director of JBI, Inc., (the “Company”), concluded that the Company’s previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission (“SEC”) on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon ....."
http://www.sec.gov/Archives/edgar/data/138110...10_jbi.htm
BTW, it's a REAL word, not a "made-up word".
disavow
verb
the chairman disavowed the press release : deny, disclaim, disown, wash one's hands of, repudiate, reject, renounce.
ps. The italicized example above is from my online dictionary and is a coincidence. I didn't make it up.
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4kids
all jmo
