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Agreed. Why spend all this money and time on giant processors and buildings,employees,validations and permits to just run a scam. I agree also that this is the worst run scam in history or the real deal. I go with the real deal and holding my stock. I feel that when the pps was around $7 way back when the so called scammers could of high tailed it leaving us ordinary shareholders holding the bag.Yet the same folks are there trying to make this company work even under a relentless barrage of FUD and frivolous SEC allegations. So JBI is here to stay for some time in one form or another.
That is a possibility. As with many emerging new technologies ,larger well seasoned conglomerates and wealthy investors see an opportunity on something that has great potential but needs that investment to really get going.Partnering or being absorbed into a lager pond with greater resources could indeed happen sometime in the future. RKT is one such entity but I am sure there are others with an eye on JBI and their breakthrough technology.Anyone looking at JBI will most likely wait and see if the company can show increasing revenue Q to Q or any other positive factor.
$447,000
Excellent Post. 100% agree with that.
JBI will overcome all the trash talking novelists and the rest of the negative events thrown at it. Trash talk is cheap read the files for an informed decision.
JBI is not a crime story or any other type of story for ones amusement. When does slanderous, libelous and misleading comments about a real company equal amusement unless one enjoys ruining other's lives and futures.
JBI is real, the product is real , the people who work there are real and the people invested are real and not some made up characters penned for ones amusement.
Venture Capitalists should maybe be called vulture capitalists. Invest in the likes of Agilyx prop up the value of the company and pps ( when it ever goes public ) then make a bundle and get out leaving the company bankrupt.Perhaps this is not the road JBI wanted to travel. I am not a stock market guru but from what I know this seems to be the scenario when VC's get involved with new and emerging companies. If WM and JBI were to partner then all the positive banter about WM would soon turn 180 degrees and the smb's would be rife with reasons why JBI should not be involved with a fraudster and a swindler like WM. There is nothing that JBI can or will do to satisfy those entities. Go to JBI's webpage or any public company's webpage and read the filings and decide for yourself , is the best way to decide how and where to invest.
Is there any proof of this. Perhaps it was JBI that decided not to do business with a company found guilty of fraud by the SEC and swindling their investors but Agigoo is so desperate for an influx of cash they'll take anyone willing to invest in their inferior product.JMHO
Excellent post well done.
Yes they do clean up waste and fill up landfills with toxic chemicals that are harmful to humans in the area.
Until JBI most everyone thought that everything was recycled and we did our part by putting the blue boxes to the curb and that was the end of it. Little did we know that only 7% was recycled and the rest gets thrown in the dump. This is where JBI comes into the picture. Its clean ,green and creates a safe working environment for its workers and the community at large by turning all that previously discarded plastic waste and turns it into ultra clean spec fuel ready for the end user.
Agreed. In the end it's the filings that tell the story for all to read and dissect.The first quarter filings will be upon us in the not too distant future and they will be met with great anticipation I'm sure.
Considering the years of illegal activities by such giants as WM up to and including increasing rates of cancer in children around their dumps and they are still in business, well making an accounting error over some media credits isn't such a big deal in comparison then for tiny little JBI and they will move forward just like the rest of the giants of industry.
Agilyx is so desperate for investors that they are willing to deal with investors who are fraudsters ,so they can make their toxic sludge.
Many of us shake our heads in disbelief as unsupported allegations, libelous, slanderous statements and misleading information in what passes for the guilt of Bordynuik et al suddenly achieve the status of the undiluted truth.
Works both ways. JMHO
By that logic then, if one was to purchase a Corvette at an estate sale lets say that was appraised at $50,000.00 but only cost the buyer $5000.00 is the value of the vehicle still not the higher amount or just what was paid for it.If the buyer turned around and sold it the next day would it not be sold for the appraised price or slightly above the purchase price to make a bit of a profit.
This example may not be a fair comparison to the "Media Credits" in question and I do not attempt to know how GAAP or stock market valuations work but to the average person the analogy with the car seems to make common sense.But then common sense seems to be at a premium these days.
I feel defrauded.
But it sure the heck isn't by JBI.
Media credits??? What the heck are those and I don't care.Those were my thoughts when I invested.
Don't think any at the time were interested in "media credits" or even knew what they were and also didn't care.
Agreed.If this ever gets to court. I am sure that the SEC knowing now the defendants rebuttal that they have a weak case and to go to court and lose would open the flood gates to shareholders lawsuit against the people in the SEC responsible for all the negativity that has been hurled at JBI including leaked and misleading information resulting in dramatic loss in pps. I do not know whether JBI could weather the firestorm that would result in long and expensive litigation even though they would win IMHO. So the question JB has to ask himself is to pursue this until all the entities concerned are brought to justice or settle out of court and get on with making P2O gold.
Absolutely !!!!!!
Is it possible the Boston office of the SEC either overruled what the Florida office deemed as being correct or the Boston office just went ahead on its own and told them to change the filings without checking Florida or upon further investigation of Kidd and Domark ,JBI realized something was not kosher and took upon themselves to restate the financials? It is not certain here and now. The trial will bring out all the who, what where, when's and until then much of what is said can only be construed as speculation.
If what is being printed thus far about this case is even remotely true then I have a difficult time seeing the SEC come out on top in this case and as far as disgorgement ; the SEC will be filling the JBI coffers with a few pennies.JMHO
I don't think JB would have just taken Kidd's word for anything. First off JBI was in its infancy and should of maybe known better. However;becoming a public company with breakthrough technology the road is surely riddled with a few potholes.That being said, if one was to look at the Domark filings ;that were approved by the SEC, one would suspect that everything was in order.Those filings were no doubt inspected by JBI and approved. Knowing what is known about Kidd today it is easy to question why JB took his word for anything. At the time I do not recall anyone anywhere stating that dealing with Kidd was a bad thing until after the fact.
Thanks 4k for all your DD. I have often wondered about and had posted my concerns relating to those media credits and their valuation re: Domark et al and how one co can value them as $10 mil asset yet the very same asset needs to be valued differently by the co that purchases those assets. I'm no CA or stock whiz but common sense ( if that is applicable here) would dictate that an asset worth $100 is still worth a $100 even though you purchased it at a bargain for $10. It is also interesting that Domark filings were accepted by the SEC with the media credits valued as an asset of $10 mil when they were only purchased for $3.3 mil. Mmmm. The only stinky is not just on the pinky sheet. JMHO
JBI should not hide from this type of media. That would be an even worse thing to do. Hiding behind closed doors only heightens the anxiety level of investors and non investors alike. The news is printed about the process and what it can do. Parties interested can read up on the company, read the filings or call to get answers.Having done so they can decide for themselves whether or not to deal with JBI. The exposure in this article is a positive for the process itself. I understand what you are indicating though. This is ; however, a way to get the word out on the process and may lead to future contracts/sales which would be a good thing. As far as the pps well that is a different story. My thoughts are buy now at these rock bottom prices and I believe the buyer will be rewarded down the road sooner than later IMHO.
To re -phrase: The outcome between the SEC and JBI will be what it is and it will no doubt be announced as soon as made available to inquiring minds. Until then there is only speculation and useless blather.
I do believe that even though the quote states that JBI will defend itself in court it does not necessarily mean that they will go to court in reality. There is always pretrial volleys between lawyers in order to avoid the need for trial as long as both sides can reach a settlement. If that doesn't happen then it will go to trial. No one can predict what the outcome of this lawsuit will be but feel free to make comparisons to similar actions with other co's if it makes one feel better. I am willing to wait for the official word from the SEC as to the outcome concerning JBI. JMHO
Given the toxic climate surrounding the very word JBI it is no wonder they may be wary at what is PR'D. However; I do agree with you in part that having production numbers of worth would be exciting news for all. Perhaps someone could call and ask although I do believe that was done recently and the answer was somewhat positive but vague . Short of actual run tickets the best one can do for now is wait and see what is PR'D or filed in the future or rely on the eyes on the ground, photos and all and make your own assumption.
News of that sort would be pleasing and welcomed by some if not all interested parties.However; one has to put themselves in JBI's shoes. It's easy to sit on the outside hurling barbs and suggestions and looking for answers but in reality JBI is under the microscope with allegations from the SEC and wary investors and non-investors alike. Is it any wonder that JBI is not spewing forth PR after PR as it did before which caused the pps to soar from say $2 to over $7 in a short amount of time. Why add more fuel to the SEC fire so to speak.Just the kind of pump and dump tactics the SEC is somewhat famous for keeping an eye out for.
Jbi has to keep its proverbial nose as clean as possible and only release what JBI deems fit in these uncertain times.The filings are there to be read by all and will be released when its time.Read the filings when they are released and determine for ones self whether JBI is worth the investment.
I would like nothing more than to see daily run reports but the situation being what it is I will settle for the filings and if JBI adds any PR's in between it's a bonus for all.
Raffle and Applegate, who both resigned Dec. 19, 2008, according to court documents.
http://www.massdevice.com/news/former-arthrocare-vps-skate-multi-million-settlements
barred each from serving as an officer or director of a publicly traded company for five years.
http://www.massdevice.com/news/former-arthrocare-vps-skate-multi-million-settlements
The SEC and JBI will settle. That is the only thing that is definite. What the terms of that settlement is will be anyone's guess until the very date the terms of that settlement are announced.
Lawyers will get $2.3million of the $8million settlement
Former ArthroCare vice presidents John Raffle and David Applegate will pay only $230,000 of more than $2.8 million in penalties after settling SEC charges that they enacted a scheme to falsely inflate the company's stock price before it released quarterly earnings statements.
http://www.massdevice.com/news/former-arthrocare-vps-skate-multi-million-settlements
ArthroCare Corp. settles a Securities & Exchange Commission investigation that took down its former CEO with no admission of guilt, no financial penalties and a promise to be good from now on.
http://www.massdevice.com/news/arthrocare-skates-sec-beef
The SEC works in mysterious ways. Whether JBI and JB receive a similar action one can only speculate.I for one am willing to let the SEC and JBI work it out for themselves and then and only then will the outcome become known to all definitely.
The point being made here is sound. All the blather and or photo's really don't amount to much. The filings should be what determines one's choice to invest or not ;however, if the claims that JB is a liar are true, how can those filings be trusted.Thus the debate continues.
It is left up to the individual to decide to believe in the eyes on the ground photo's ,the filings or both.
Both work for me. The eyes on the ground just enhance the filings.
There are enough validators and lists of co's doing business with JBI to show that the process works and works well. Q1 and Q2 filings will need to show that all the R&D is done and the 2 processors online now are producing more than stated in the previous filings Processor #3 hopefully will be online by the time Q2 is filed..This will make patient shareholders happy. JMHO
Positive results would be a change and most welcome agreed. This stock is not for the faint of heart.I think those who are patient will be rewarded. Next quarter filings will be a game changer.JMHO
Trial is my vote. This could be a costly endeavor ; however, so in reality the SEC will most likely settle for a fine for an accounting error. JMHO
You were privy to all the info on all the tapes that came into JBI?If that is the case and nothing of note concerning sensitive data was found then I guess this thread is done. Thanks didn't mean to repeat myself.Just responding to the break in thread and trying to provide a reason why something like that could happen.
Restated filings does not mean a lie. It means what it says "restated filings" If the filings were not acted upon, corrected and restated by the company then there may be grounds.It is up to the SEC and the laws of the land to determine if the allegations have merit and no amount of dictionary description of the word "lie" or "liar" or "fraud" or quotes from the SEC,s allegations or anything will change that.To compare if I may do so; WM was fined by the SEC and is paying out over $400 million dollars to investors for fraud yet was there an admission of guilt by anyone and if not does that mean what WM did was ok or are they too "liars" If Agilyx accepts investment from a known fraudster does that make them guilty by association? The banter can go on and on one way or the other and the only thing getting used up is a lot of server space.Let the wheels of justice turn. The outcome will be what it is. No amount of text written pro or con will change the final decision.I am willing to wait for that day and not willing to succombe to lynch mob mentality.
Sounds like interesting work. I hope anyone privy to that info was bonded or had a security check , just in case sensitive material was revealed.. JMHO
There is no disputing the definition of the word "FRAUD"
The dispute arises when the party in question is alleged to have committed
or is guilty of
the FRAUD and all its definitions.
To state that JB is a liar is in itself a lie and until proven otherwise a fraud is being committed against JB JMHO
Alleged
There is really no way for anyone to know unless they were there to see first hand what was actually on those tapes. There were an awful lot of tapes and the possibility of sensitive material being contained is still there. The creators of those tapes may be long gone and if they were not cataloged well, then it is possible that something sensitive may have been thrown in the mix by mistake. Remember NASA thought nothing could be recovered because of the tape condition.Unless there in person to see the contents no one here will know. Even if there was top secret info on there I'm sure JB was bound not to disclose it to anyone other than NASA/US government.For their eyes only.