Posted On: 07/01/2014 3:56:48 PM
Post# of 43066
Re: techisbest #10363
First, you have it backwards. It wasn't JBI who cancelled their contracts with Crayola and Madison County. It was Madison County and Crayola who cancelled their contracts with JBI.
Having made that correction:
An even worse sign - when the founder and inventor of the technology admits in an OSC settlement to having committed illegal acts and lying to investors from 2008 through 2011.
Another bad sign - the mountain of evidence the SEC made available to the public supporting their allegations that Bordynuik and JBI committed securities and accounting fraud.
Yet another bad sign - Bordynuik having lied to investors from 2009 to 2011 about already making $10/bbl oil, to convince many investors to invest who otherwise would never have invested (that's fraud).
Another bad sign - JBI abandoning their patent application after the International Search Report suggested that all the disclosure already existed in previously issued patents. This means that JBI would be infringing patents if they actually commercialized their processors. A bad sign for a company who's plan suddenly changed from already making $10/bbl oil to selling processors.
A really bad sign - Heddle and Bordynuik hiding the fact from investors that their processors sat idle for 6 months, just after telling them it was all full speed ahead with customers lined up.
Given JBI's history of nothing but lies, why do you still feel the need to defend this company as being something other than an overt scam by John Bordynuik to steal money from naive investors?
Having made that correction:
Quote:
it is nut usually a good sign when a company changes its business plan
An even worse sign - when the founder and inventor of the technology admits in an OSC settlement to having committed illegal acts and lying to investors from 2008 through 2011.
Another bad sign - the mountain of evidence the SEC made available to the public supporting their allegations that Bordynuik and JBI committed securities and accounting fraud.
Yet another bad sign - Bordynuik having lied to investors from 2009 to 2011 about already making $10/bbl oil, to convince many investors to invest who otherwise would never have invested (that's fraud).
Another bad sign - JBI abandoning their patent application after the International Search Report suggested that all the disclosure already existed in previously issued patents. This means that JBI would be infringing patents if they actually commercialized their processors. A bad sign for a company who's plan suddenly changed from already making $10/bbl oil to selling processors.
A really bad sign - Heddle and Bordynuik hiding the fact from investors that their processors sat idle for 6 months, just after telling them it was all full speed ahead with customers lined up.
Given JBI's history of nothing but lies, why do you still feel the need to defend this company as being something other than an overt scam by John Bordynuik to steal money from naive investors?
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