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

To: scion who wrote (21731)	4/4/2012 4:42:18 PM
From: Joseph B. Schmidt	Read Replies (1) \| Respond to of 53574

Contrary to the allegations made by the SEC, the Company believes that its officers acted in good faith in valuing the media credits discussed in the complaint, based on the information available at the time. The Company further maintains that after learning of potential problems relating to these credits, it took appropriate steps in compliance with its obligations to shareholders and the public markets at large. I wonder how many corresponding letters from the SEC it took for JBI to recognize the "potential problems"? So first they act in good faith but months later recognize a mistake? Well golly gee, what would a prudent person say to that versus a diehard believer?