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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: MorningLightMountain who wrote (16336)	1/4/2012 4:53:39 PM
From: Joseph B. Schmidt	Respond to of 53574

Well, at least zarduh can claim he still has a perfect track record.

To: MorningLightMountain who wrote (16336)	1/4/2012 4:55:32 PM
From: scion	Respond to of 53574

IMO this is a gambit by the SEC to force a settlement...we'll see if i'm right...if so?....JBI will go on and do just fine.....just seein' BRIG_88 Wednesday, January 04, 2012 4:50:23 PM Re: None Post # of 152691 siliconinvestor.com zeptepi Share Wednesday, January 04, 2012 4:50:50 PM Re: BRIG_88 post# 152683 Post # of 152695 Balderdash! Respond \| No replies flptrnkng Share Wednesday, January 04, 2012 4:51:13 PM Re: BRIG_88 post# 152683 Post # of 152695 IMO, the CA lawsuits will rekindle with a fury and force Chapter 11. Respond \| No replies Modern_Rock Share Wednesday, January 04, 2012 4:51:35 PM Re: BRIG_88 post# 152683 Post # of 152695 What do you think about all those instant messages from the CEO trying to inflate and cook the books? And the faking of the audit?! 21. At the time JBI (through its predecessor, 310 Holdings) acquired the media credits Bordynuik discussed with the consultant valuing the media credits at $10 million despite the fact that JBI obtained them at a cost of $1 million (i.e., the $1,000,000 equity payment made via the transfer of 1,000,000 shares of 310 Holdings common stock). At the time Bordynuik knew that the consultant was not a CPA. Bordynuik also knew that she would be responsible for preparing JBI’s financial statements. Bordynuik then instructed the consultant via internet instant messaging (a “Skype” message) to “please get the pro formas as juicy as you can so I can acquire a chemical company for less.” The reference to a chemical company related to Bordynuik’s intent to use JBI and its valuation as a vehicle for acquisitions. The reference to “pro formas” related to financial statements of JBI that would not necessarily conform with GAAP and that the company could use to communicate information about JBI to prospective investors, as opposed to being filed with the SEC. In response to Bordynuik’s instructions the consultant produced pro formas to Bordynuik that contained the media credits valued at nearly $10 million. .... Nor is there any indication that anyone from the Gately firm (or otherwise) did the type of audit work required of an independent auditor prior to the filing of the 10-K. In fact, no one associated with JBI was able to contact the auditor for the Gately firm for a significant period of time beginning in February 2010 until the 10-K filing on March 31, 2010. Nor did Bordynuik consult with the auditor from the Gately firm, or with his colleague, about the media credit valuation in advance of the two reporting periods in question or before the filing of the 10-K. Nonetheless, a colleague of the Gately auditor ultimately cut and pasted the electronic signature of Gately & Associates on an audit opinion letter attached to JBI’s Form 10-K filing representing that an independent audit had been conducted when one had not.