By popular DEMAND, and the ability to type in CAPS {in bold for extra impact) , I give you - BRIG_88
I wonder how many posters hereabout will be amicus curiae...
Rev Kilgore Mullet Friday, April 06, 2012 10:33:17 AM
Re: BRIG_88 post# 175467 Post # of 175491
Why did the company restate the financials? Why didn't they stand their ground if the original treatment was correct and if they were acting in good faith? It wasn't the SEC that restated the financials, it was Bordy. Has he changed his mind again regarding the credits?
siliconinvestor.com
BRIG_88 Share Friday, April 06, 2012 10:45:49 AM
Re: Rev Kilgore Mullet post# 175469 Post # of 175492
Well gee let's see....his auditor advised him to do so....THEN after all this time JBI finds out they had it right the first time and never needed to restate.....looks like JOHN got some crappy advice huh?...the SEC not only approved the valuation of those media credits for Domark it now looks like they HID THAT FACT from JBI and filed suit anyway....the SEC has been caught red handed and this isn't going to end well for them....just endin'
siliconinvestor.com
Rev Kilgore Mullet Friday, April 06, 2012 10:52:42 AM
Re: BRIG_88 post# 175476 Post # of 175492
The SEC doesn't issue letters of approval. They don't review every accounting treatment that comes down the pike and if they failed to follow-up with additional questions regarding a line of inquiry, that doesn't amount to approval either. Besides, what another company did or didn't get away with has little bearing here except as an attempt to establish good faith. So why did the company restate?
siliconinvestor.com
BRIG_88 Friday, April 06, 2012 10:58:28 AM
Re: Rev Kilgore Mullet post# 175480 Post # of 175492
ROFL! Who said anything about a letter of approval? The SEC allowed Domark to carry those media credits at a value of 10 million then turned around and sued JBI for doing the same thing....that isn't going to go away....the case is toast....just toastin'
siliconinvestor.com
Rev Kilgore Mullet Friday, April 06, 2012 11:03:05 AM
Re: BRIG_88 post# 175481 Post # of 175492
They didn't allow, approve, condone or accept anything. The SEC just stopped asking questions and could have resumed asking questions at any time.
siliconinvestor.com
BRIG_88 Friday, April 06, 2012 11:07:48 AM
Re: Rev Kilgore Mullet post# 175484 Post # of 175493
Nope. That isn't going to fly in court. In FACT JBI will be able to look at everything they have on discovery including everything they ever did with Domark.....this isn't going to be explained or spun away.....they lied....and they hid it from JBI....now it's out in the open and the truth is out....JBI was and is right....period....just periodin'
siliconinvestor.com
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