The data was good enough to convince large investo

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The data was good enough to convince large investors in May, 2012.

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Well yeah, that was the point of that SAIC report, to convince investors. Never mind that those investors are now down 87.5%.

And not a single one of them willing to step up and put another $200K into the company to fix the idle processors and save their previous investment.


JBII first closed a $10M PIPE in May 2012 based on the SAIC report, and then backed away from it five months later:

" Furthermore, the conclusions drawn by SAIC were based upon a number of assumptions made at the time of the report that may be outdated or incorrect or that may prove to be incorrect in the future. Management's current assumptions may differ and additional events, risks and uncertainties may cause JBI's actual results and performance to differ from SAIC conclusions or projections.

JBI encourages investors and potential investors to look to the statements and information contained in JBI's press releases and in its periodic reports filed with the Securities and Exchange Commission ("SEC" ) when making any investment decisions about JBI's securities. "
http://finance.yahoo.com/news/jbi-comments-im...00984.html


Kinda like the same way JBI overstated the value of their media credits by $10M to convince investors to close an $8.4M PIPE in May 2010, and then issued a restatement two months later writing down the media credits to $0.00. Something the SEC called "fraud", and banned and fined Bordynuik as a result:
http://www.sec.gov/litigation/complaints/2012/comp22220.pdf

There's a "pattern" of behavior in there somewhere, but it takes a skilled decoder to see it. LOL.