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To: donpat who wrote (24699)5/20/2012 12:47:28 PM
From: scionRead Replies (1) | Respond to of 53574
 
If the changes in nominal leadership are an attempt to lessen the likely result of the SEC lawsuit, then it's a forlorn hope. Changing title does not alter the fact that he was CEO of JBII Inc, and the charges are made against JBI, Bordynuik and Baldwin.

I don't expect any significant change in direction because of Rauber's appointment as CEO; Bordynuik is still the controlling shareholder.

I do not see the SEC lawsuit being dropped, but instead I expect to see an amended complaint.



To: donpat who wrote (24699)5/20/2012 12:53:12 PM
From: scionRead Replies (1) | Respond to of 53574
 
He owns more common shares than anyone else and 100% of the preferred. He's the highest paid employee of the company.

It sounds like his ego is bigger than his self-proclaimed IQ.

He convinced auditors to falsify signatures on audits and accept his $10 million valuation for worthless media credits. He's gotten PIPE investors to put tens of millions into a technology that so far loses 15+ times its revenue in its best performing quarter. Getting folks to "go along" with what he wants doesn't seem to be his weakness. Using those "talents" to create a profitable enterprise however, seems to be.

To think that he is now going to "step away" from control of the company, IMHO, is a fictional as the profitability of p2o.

kezzek Sunday, May 20, 2012 11:53:51 AM
Re: Steady_T post# 183851
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