This is the 7th independent accountant in 26 months.
I forgot about MOORE STEVENS! (Remember them?) That makes 8 accounting firms in 26 months, two of which have been revoked by the PCAOB. Perfectly normal. Happens to all legit publicly-traded companies!
JBII Independent Accountant Employment Program:
Nov'08 ------------Mar'09----------------Aug'09----------May'10-------June'10----------Jan'11
Moore > Tarvaran > Moore > Seale > Gately > Withum / MooreStevens > Ernst
Longs will argue that Honest John didn't take over the TRTN shell until Apr'09: OK, then this is the 6th firm in the past 21 months...
globenewswire.com
JBI, Inc. to Issue Restated Financial Statements
Press Release Source: JBI, Inc. On Thursday June 10, 2010, 4:04 pm
NIAGARA FALLS, Ontario, June 10, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBIIE - News) is providing notice that the Company's previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission ("SEC") on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company's former independent registered public accounting firm, Gately and Associates, which was dismissed on May 13, 2010, was informed of the matters disclosed above.
Subject to approval by its new independent auditors, Withum Smith + Brown, PC, the Company intends to file revised financial statements as soon as they are available. The Company has hired MOORE STEVENS to assist in this effort, and provide ongoing accounting expertise. |
