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Re: loanranger post# 270991

Wednesday, 07/30/2014 7:09:19 AM

Wednesday, July 30, 2014 7:09:19 AM

Post# of 312014
Yeah I agree it was wasted since that doesnt change the fact there has been 3 different firms. A merger in which the surviving entity takes over is in fact a NEW COMPANY. No boilerplate language is going to change that very fact.

Point being that the number of SEC Correspondence filed to JBII, many amendments to comply with SEC correspondence with the last two firms shows a history of JBII not complying with the auditing process by correctly disclosing it. So now they hire another firm and lets just say it is very obvious that there is a lower level of professional output. But hey they operate on a shoestring budget, despite the machines are supposedly turning out product or being sold or something along those lines.....So they needed to hire a firm that requires less capital to do the same job.

Yet be sure it is in fact being rejoiced by certain shareholders who find this change to be a good thing.