Posted On: 12/11/2012 8:31:06 PM
Post# of 43066
Re: techisbest #2538
Reverse merger is nonsense? Really? A guy bought a shell in April 2009, publicly stated he was going to acquire businesses and assets us the shell's stock, and booked EVERYTHING (not just media credits) using shell accouting since he had just bought a shell.
What's nonsense is e notion of fraud. The company voluntarily restated the credits, the SEC launched a full investigation, then the only thing the SEC had in its litigation release is here same shit JBII had already stated publicly two years earlier, using virtually the same exact verbatim the company had already used.
If there was fraud, the SEC would have found something else. They apparently found a combination of diddly and squat, and IMO the pittance of a fine will prove that.
Joke of a case closed IMO
What's nonsense is e notion of fraud. The company voluntarily restated the credits, the SEC launched a full investigation, then the only thing the SEC had in its litigation release is here same shit JBII had already stated publicly two years earlier, using virtually the same exact verbatim the company had already used.
If there was fraud, the SEC would have found something else. They apparently found a combination of diddly and squat, and IMO the pittance of a fine will prove that.
Joke of a case closed IMO
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