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Gold/Mining/Energy : JBII - The Secret Catalyst Turns Plastics into Oil
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From: Rawnoc2/2/2013 4:54:54 PM
2 Recommendations   of 704
 
"8.4 million in disgorgement, more in penalities and interest will put a mighty big hole in the $10.7 PIPE, perhaps even crater it."

https://www.siliconinvestor.com/nfvda/boards/read_msg.aspx?message_id=75956294

ponzi_implosion Thursday, May 24, 2012 5:23:55 PM
Re: A deleted messagePost # of 213273

Settled? Of course it will be settled. Here are the terms

D. Requiring all Defendants to disgorge their ill-gotten gains and losses avoided, plus pre-judgment interest, with said monies to be distributed in accordance with a plan of distribution to be ordered by the Court;

E. Requiring all Defendants to pay appropriate civil monetary penalties pursuant to Section 20(d) of the Securities Act [15 U.S.C. §77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. §78u(d)(3)];

F. Prohibiting Bordynuik and Baldwin from acting as officers or directors of any issuer that has a class of securities registered under Section 12 of the Exchange Act [15 U.S.C. §78l] or that is required to file reports pursuant to Section 15(d) of the Exchange Act [15 U.S.C. §78o(d)], pursuant to Section 21(d)(2) of the Exchange Act [15 U.S.C. §78u(d)(2)];

The Complaint alleges that JBI raised over $8.4 million for the company in these PIPES just before the company issued a public statement indicating its financial statements could no longer be relied upon, in part, due to the erroneous valuation of certain assets, known as media credits, on the balance sheet

8.4 million in disgorgement, more in penalities and interest will put a mighty big hole in the $10.7 PIPE, perhaps even crater it.
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