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To: MorningLightMountain who wrote (17727)1/25/2012 12:32:57 PM
From: scionRead Replies (2) | Respond to of 53574
 
Did they? I don't believe that the SEC has made any statement whatsoever, let alone an admission the likes of which you describe.

loanranger Sunday, July 24, 2011 10:10:37 PM
Re: Rawnoc post# 121869 Post # of 160491

"The SEC just admitted right to your face that JBII has done nothing wrong in the last 2 years other than restatements on financials from 2 years ago based on using a wrong accounting method for noncash items with no allegation of any kind of fraud whatsoever."

Did they? I don't believe that the SEC has made any statement whatsoever, let alone an admission the likes of which you describe.

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Rawnoc Thursday, July 21, 2011 8:01:37 PM
Re: stonehenge post# 121802 Post # of 160492

You are wise beyond your years.

The SEC just admitted right to your face that JBII has done nothing wrong in the last 2 years other than restatements on financials from 2 years ago based on using a wrong accounting method for noncash items with no allegation of any kind of fraud whatsoever.

That chapter is basically behind us now. Not a single thing about P2O or any of a million half-baked conspiracy theories. Do a little googling search on restatement fines. They're like parking tickets.

"The Company does not anticipate that the notice will negatively impact its business operations."

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