SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : JBII - The Secret Catalyst Turns Plastics into Oil
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Rawnoc11/23/2012 10:05:28 PM
3 Recommendations   of 704
 
Good grief. Ill clear up some more ridiculous fiction which has no basis in reality.

(1). The notion that the media credits were used to make acquisitions is beyond laughable. JBII made, count them, ZERO acquisitions since the single line media credit accounting error appeared on any financial statement in November 2009.

(2). The "delay" in any settlement hints at nothing. Like I said, there's another OTC example who recently announced settlement terms waiting for final commissioner approval. 20,000 clams and the process has been going on for 9 months now -- 7 months it took just to finalize a 20,000 fine they weren't contesting and now been another 2 months waiting for final approval. The claim "they would have settled by now if it was going to happen" is pure nonsense. It takes lawyers time.

http://finance.yahoo.com/news/clean-coal-technologies-reaches-settlement-210800173.html
http://finance.yahoo.com/news/wound-management-reaches-agreement-principle-174600071.html

(3). "No harm no foul" indeed or there wouldn't be a $20,000 settlment example or a $25,000 settlement example with another OTC last week. No harm then there's nothing to disgorge since nobody invested one red cent in P2O based on media credits let alone the accounting treatment of media credits. Furthermore, yes, of course, substantial investor harm or not absolutely determines the level of fines. Here's an example:

http://www.tirebusiness.com/article/20050829/ISSUE/308299988/all-s-not-wells-with-goodyear

(4). The maximum fine by SEC law is $700k. That's max for the worst of the worst per violation. $5 million for media credits? LOL yeah okay.

http://tinyurl.com/b8j8o8f
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News