I think the media credits fraud also gives some in
Post# of 43064
Posted On: 06/11/2014 11:00:09 AM
I think the media credits fraud also gives some insight into how the die-hard longs think.
Everyone can see exactly what happened with the media credits. Mr. Bordynuik traded a million shares for worthless media credits which Domark had on their books for $10M. Mr. Bordynuik then similarly booked them for $10M on JBI's books, got an auditor to sign off on it and even represented that value to PIPE investors.
Yet the die-hards argue everything, from saying the SEC blessed the fake valuation at Domark to saying that Mr. Bordynuik just made a simple mistake.
Mr. Bordynuik must have been smart enough to realize the investors turned singing promoters, probably wouldn't be representative of a jury. If Mr. Bordynuik thought he could get a jury to drink the kool-aid as well, he wouldn't have settled.
Everyone can see exactly what happened with the media credits. Mr. Bordynuik traded a million shares for worthless media credits which Domark had on their books for $10M. Mr. Bordynuik then similarly booked them for $10M on JBI's books, got an auditor to sign off on it and even represented that value to PIPE investors.
Yet the die-hards argue everything, from saying the SEC blessed the fake valuation at Domark to saying that Mr. Bordynuik just made a simple mistake.
Mr. Bordynuik must have been smart enough to realize the investors turned singing promoters, probably wouldn't be representative of a jury. If Mr. Bordynuik thought he could get a jury to drink the kool-aid as well, he wouldn't have settled.
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