Sharing Knowledge in Smallcaps

[Bill_Investor]

JBII - This is one I "reviewed" about six months ago. Check out the recent 8-K filing....


On May 19, 2010 John Bordynuik, President and Chief Executive Officer and Director of JBI, Inc., (the “Company”), concluded that the Company’s previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission (“SEC”) on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock.

http://www.sec.gov/Archives/edgar/data/1381105/000121390010002134/f8k051910_jbi.htm