Dump The Pump

[Buckey]

LOve the enroneque accounting. I already knew the balance sheet show neg net equity of Millions because goodwil and these monopoly money media credits were a joke.

ya think with the uplisting a real exchange would allow that crap. of course not.

Love the booking of $10 Million in assets for a $1 Million transfer. Hey let me rack my brain - Antigua - Stanford its all coming back a $10 Million land buy hits the books at $4 billion in assets.

LOving the accounting. Maybe that is why Western Creative was hired - for creative accounting.

Posted by: Rev Kilgore Mullet Date: Monday, February 15, 2010 12:01:34 AM
In reply to: None Post # of 25995

JBII Integrity, Transparency & Responsibility? (Issue #1)

On August 24, 2009, Domark International, Inc. assigned “$9,997,134” of print and radio media credits to JBII in exchange for the issuance of one million shares of JBII common stock. The JBII PPS closed at $1.00 on that date. Domark originally acquired the credits in April 2007. JBII booked this asset for which they paid $1 million measured against the fair market value of common stock given up for Domark’s book value of $9,997,134. The effect of this treatment was the instant creation of almost $9 million in equity above the market value of the stock surrendered. Incidentally, JBII/Javaco’s CEO, Judith Vazquez, is a sister-in-law to Thomas Kidd, majority shareholder in Domark who sold Javaco to JBII. Do you think that Kidd was the party who got suckered on the media credit deal?

JBII Sep 30, 2009 10-Q link with footnotes describing media credit purchase:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6897366
Domark Sep 30, 2009 10-K link with footnotes describing media credit sale:
http://www.faqs.org/sec-filings/091016/Domark-International-Inc_10-K/