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Re: monkeyfrog post# 70921

Friday, 09/24/2010 1:21:23 PM

Friday, September 24, 2010 1:21:23 PM

Post# of 312015
Good guess-work.

The fundamental change between this filing and the prior one is that Kidd added his wife's name. In his bankruptcy, Kidd is trying to claim that his JBI stock (and whatever else is held in his Maxim brokerage account) is exempt from the claims of his creditors by virtue of his wife's co-ownership of the stock/account. Note that the previous SEC filings by Kidd reported that he was the owner with "sole power to vote and dispose" of the JBI stock. The latest filing reports that he and his wife own the stock as tenants by the entirety (a form of co-ownership).

Compare the language of the latest Kidd schedule 13D...

http://www.sec.gov/Archives/edgar/data/1333293/000121390010003910/sc13da3kidd_jbi.htm

...with the prior one...

http://www.sec.gov/Archives/edgar/data/1333293/000121390010000650/sc13d0210kidda2_jbi.htm

...or any of the ones that preceded it.

Scion has posted portions of the bankruptcy filings, so you can find them by checking his prior posts. (They are public records, so you can also get them through the court.)