Just what I suspected. There was no email and if
Post# of 43066
Posted On: 06/03/2014 8:57:01 AM
Re: PaperProphet #8571
Just what I suspected. There was no email and if there was, someone made a post either knowing of the email or by coincidence.
Just like a basher though - create another conspiracy theory to change the subject. Accuse me of being someone other than a shareholder just because I responded to a basher on another board. I pointed out that the SEC allegation was a simple accounting error. Guess didn't like what I wrote eh? I'll post it here seeing you're giving it honourable mention.
Why are you here again?
JBI made an accounting error pure and simple. The SEC (and I suspect with the involvement of others) blew that simple accounting error way, way out of proportion in an attempt to discredit a small start-up company whose technology was/is a major threat to many people for different reasons. (Oh, and by the way - it was the same accounting that the previous owner used for the same media credit).
The SEC initially tried to negotiate a reasonable settlement for the error but then filed a Wells Notice and then an SEC Claim. They ended going back to settlement negotiations that was being attempted before the Claim was even issued.
There was no finding of fraud - at best, their may have been an accounting error but even that is suspect. It was much, much easier and far, far less costly to settle then to fight.
That's the real story.
Just like a basher though - create another conspiracy theory to change the subject. Accuse me of being someone other than a shareholder just because I responded to a basher on another board. I pointed out that the SEC allegation was a simple accounting error. Guess didn't like what I wrote eh? I'll post it here seeing you're giving it honourable mention.
Why are you here again?
JBI made an accounting error pure and simple. The SEC (and I suspect with the involvement of others) blew that simple accounting error way, way out of proportion in an attempt to discredit a small start-up company whose technology was/is a major threat to many people for different reasons. (Oh, and by the way - it was the same accounting that the previous owner used for the same media credit).
The SEC initially tried to negotiate a reasonable settlement for the error but then filed a Wells Notice and then an SEC Claim. They ended going back to settlement negotiations that was being attempted before the Claim was even issued.
There was no finding of fraud - at best, their may have been an accounting error but even that is suspect. It was much, much easier and far, far less costly to settle then to fight.
That's the real story.
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