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To: Joseph B. Schmidt who wrote (28838)10/12/2012 9:50:25 PM
From: arvitarRead Replies (1) | Respond to of 53574
 
"I would also think at this point the regulatory bodies are getting tired of seeing this type of repetitive behavior."

I agree. JBI's "comments" on the leak today show them distancing themselves from the glowing SAIC report that they used to raise money in their last PIPE. Juicing things up to raise money on PIPEs shows a pattern of Juicy behavior. That can't be sitting well with the SEC. Nor can the leak itself.



To: Joseph B. Schmidt who wrote (28838)10/12/2012 10:56:32 PM
From: SteveFRead Replies (1) | Respond to of 53574
 
The hasty PR makes me believe they aren't really close to settling with the SEC. It looked scared.

Another point-of-view would be that the leak and subsequent PR was deliberate. Invent a controversy to PR a response when they have nothing else to say.

Personally I think one of the PIPE-holders recently realized that fleecing the naive looked easier on paper than in reality and he's stuck.


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