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


To: scion who wrote (22085)4/8/2012 9:28:42 PM
From: scionRespond to of 53574
 
"We deny the charge" is not exactly an air tight defense.

kezzek Sunday, April 08, 2012 9:25:38 PM
Re: jcoukr post# 175968 Post # of 175970

Yes, protect investors from fraud, not insure the stock price is higher than what they paid. If the latter were their charge, Enron, Madoff and virtually every fraud case would never have been prosecuted.

JBI is losing so much on each machine now, the question is how much longer PIPEs will keep paying for them to turn out machines. The SEC is just another cash drain and no doubt will be part of the excuse why the company fails.

Don't bet on them dropping the case, in fact, I can't even find an example of them dropping a case like this, particularly when they have JB dead to rights on so many points. "We deny the charge" is not exactly an air tight defense.

siliconinvestor.com