Blind faith in government is foolish no matter wha
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Domark’s CEO and “the consultant” stated that the SEC commented on the media credits on Domark’s or Sports Quest’s SEC filings and the valuation of $10 million, which was ultimately cleared with the SEC
Further to the referenced Skype message, the message is quoted out of context and the consultant testified under oath that “[Bordynuik] did not ask me to plug numbers, inflate the balance sheet in any way.”
JBI booked the media credits using the same methods and reasons used by the SEC reporting company, Domark
After review of the media credits valuation through October 2009 and forward, the business consultant ultimately agreed with the recording of the face value of the media credits at $9.997 million.
Bordynuik also met with a CPA auditor colleague of Gately, who reviewed the form 10-Q in person.