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Percontation point?
Oh how I could have used one over all these years.
http://www.buzzfeed.com/expresident/13-punctuation-marks-that-you-never-knew-existed
Billionaires invested? So this stock actually could make some of it's shareholders millionaires.
If the cost of fuel sold in the first quarter was $10 per barrel, then the price of fuel sold was $12.75 per barrel.
Is it really 4/20 all day long? Shout out to Hasher.
jimmy, they struck Pearls! It's all part of the mineral thuperthore.
Maybe diamonds were never the what we had???
Yes. Gately and his colleague. It's obvious that no audit was performed. But the question is who put Gately's rubber stamp on the report? Gately was the sole employee of Gately & Associates. If Crowder is "the colleague", his license is at risk if he did it.
While the valuation of the media credits appears to be the protagonist in the SEC suit, the questions surrounding the electronic signature of the auditor are equally intriguing.
At a minimum, Reckless John will need at least two CPA's willing to throw themselves under the bus in order to win this case. And that will be fascinating, because that license is our livelihood.
Which was his intent all along.
The company voluntarily wrote down the media credits long before any SEC correspondence regarding them:
Yes, he is one calculating genius.
And that has been JB's game plan all along. It was a calculated risk, and I'm sure he thought about it long and hard.
Having said that, he must have been one desperate genius to try and get away with this stunt.
Not to mention the fact that they valued the rest of the transaction based upon the $1 share price, on the same day.
Come on Jeff, you know better than that. Just because the SEC didn't question the value on Domark's books, doesn't mean they "accepted the valuation", or gave it a "blessing".
Can anyone provide a link to the SEC page for "blessings"?
Many are convinced you are Roger Glenn. I'm only convinced that you're another dumbass with a personal vendetta.
What short???
speaking of staring...that's an incredible photo, it caught you in mid-bounce off the hood of that car.
Sarcasm at it's finest.
Media credits were the foremost reason I was lured into purchasing this stock.
But let's get real people. Media credits = management integrity (or lack there of). So what your really saying is that you don't care if JB gets away with fraud (allegedly), as long as his technology puts money in your pocket.
I agree. Please accept my apology. That certainly is not my opinion of you.
Or, that Glenn was a crook?
SEC's case appears weak, IMO.
First of all, the SEC does not have the manpower to read and verify every report that's filed. It's ridiculous to think they do.
Secondly, you obviously feel as if JBI is being unfairly singled out by the SEC. You may have heard this before, but, life ain't fair. Do you think that just because Kidd apparently got away with fraudulent behavior, that makes it ok for JB to do the same?
I think you should address your questions to the SEC, then maybe justice will be done and they can take Kidd down as well.
Why do you think the SEC had ZERO problem with DOMK carrying those media credits on their balance sheet with a $10M value (and todate STILL has no problem with it), but when JBII bought them from DOMK, all of a sudden it's 'fraud' to put them on THEIR balance sheet.
It was first reported in the 10K for 5/31/09, filed on edgar on 10/16/09. Definitely before the Q and K in question were filed by JBII.
Again for the masses, when was this report filed? yes after JBII bought the media credits, please show me a financial report for DoMark filed before Aug 24th 2009, that shows the media credits at less then $10 mil.
Don't look now Z, but the "Prepaid Media" was carried on Domark's 5/31/09 balance sheet at a value of $1,002,866.
Check it out: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7425490-74643-74964&type=sect&TabIndex=2&companyid=717022&ppu=%252fdefault.aspx%253fcik%253d1365160
So much for that argument.
So based on past history, they probably sold Pakit for just over $100K?
They were listed t around $1.1 million last Q.
Hey Brig, thanks for the PM, and a very happy new year back atcha buddy!
...or both
Chas, I think Hodges is either part of the Dinar scam, or Hodges is crazy.
killer, the only one with an agenda here is you.
Now that is effing funny!
Casavant & Edwards cashed you out. At some point, the biz plan changed from "slow milking" to "fck it, sell as many shares as possible, move the cash out of the country, then fade the heat that ultimately will come".
Except for the part where these guys get what they deserve, this thing is kaput.
No, wait, this one's funnier.
OMG, that's the funniest post ever.
Rheumatism flaring up?
Dude! I hope that's legal over there, because that shirt is what we call "a tell".
That might be her "skin in the game".
Derfie will be pissed!!
It could have been any number of companies. He does like to take an active role in the pinkies he invests in.
He went to Montreal back in 2007 to meet the principals of UMNG. I believe he met Andrea Cortellazzi.
Jarta, Hodges' mouthpieces were claiming that he could not file his brief until the judge ruled on the stay. So, it doesn't look like he filed a brief or another extension request.
Because the system was locked. And yes, we know you don't get it.
Now WHY would any borker fail to deliver a worthless pinksheet?
I don't get it??
Yes, I remember that restatement. I think it occurred shortly after they completed a pipe offering.
Oh, I agree with you that their value never changed.
The media credit issue is that they could not be listed as assets, their value never changed.
The media credit issue is about the complete lack of integrity of financial information, intentionally put forth by a company in order to grossly overstate it's net worth.
This was not an honest mistake, it was a calculated risk taken by a highly intelligent individual. We will now see if it was worth the risk.
Perhaps you should read my post again while keeping this in mind;
The Javeco acquisition was valued at $2.5 million, 2.5 million shares were issued by JBII. Value of stock issued = $1 per share.
The Media Credits were valued at $10 million, 1 million shares were issued by JBII. Value of stock issued = $10 per share.
My post from 2/18/10 was pointing out the extremely inconsistent valuation placed on the shares issued for the two transactions that occurred on the exact same day, and my utter disbelief that anyone would try to argue that the accounting treatment was correct.
Absolutely correct Rawnoc. LOL, I wasn't even considering EPS yet, I'm still trying to wrap my head around the gaap theory that allows them to issue 2.5 million shares valued at $1 per share, and 1 million shares valued at almost $10 per share on the very same day. If you can help me out with that one, I'd appreciate it.
There was much debate about the media credits early in 2010, before the 2009 statements were issued. Many of the posters involved in the debate had JB's ear. Here's one of mine from February:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46807599
I still stand by this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51590351