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To: scion who wrote (24698)	5/20/2012 12:07:48 PM
From: donpat	Read Replies (2) \| Respond to of 53574

Are all these changes an attempt to placate the SEC? And done, I assume, with the SEC's blessing - why otherwise!? I await the rest of the story. Should RockTenn buy out/control JBI? Is that already in the works? After all they were the place Rauber was employed prior to his latest placement as JBI's new CEO. So, if correct, RockTenn will run, or at least greatly influence, events going forward. Bottom line - will/has the SEC fraud case be/been dropped??

To: scion who wrote (24698)	5/20/2012 12:54:42 PM
From: scion	Respond to of 53574

He must have voted his preferred shares recently. According to the Nevada Secretary of State website there was an amendment to the Articles of Incorporation filed on 5/11 and an amendment to the designation of the Preferred A shares on 5/10: nvsos.gov. We don't know the details of those amendments because, despite the requirement to do so, no SEC filing has been made to provide them. However, it is my understanding that they would have required a majority shareholder vote to be implemented. JB has returned all but 5million+ of his common shares, so the only way a majority vote could have been achieved without soliciting the vote of all shareholders (which hasn't happened, right?) would be for him to have voted his preferred shares. This assumes, and I think it's a safe assumption, that there isn't a 30million+ block of common shares out there that we don't know about that joined him in creating a majority. How much of the above am I mistaken about? loanranger Sunday, May 20, 2012 11:59:39 AM Re: Steady_T post# 183851 siliconinvestor.com