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Sunday, 10/09/2011 6:35:55 PM

Sunday, October 09, 2011 6:35:55 PM

Post# of 8313
Informative post from Yahoo on Auditor Resignation:
(People confuse the resignation of independent board of directors/audit committee members with resignation of Independent Auditor)
Re: Pope was PAID 42 minutes ago

rto - you seem to have something personally and extra-ord with Cao. I have no interest in the guy BUT...if you know how things work in this business...the resignation of a registered company auditor is a reportable event. An auditor is required to send a form letter directly to the Office of the Chief Accountant of the SEC when such auditor is terminated, or it informs the company that it will no longer serve as the independent auditor. This letter is matched with the the company's Form 8-K filings. The company has to report such within 1 (ONE) business day. And the relevant section of the 1034 Act covers identification of related party transactions (the type that you write about). Per the link below, any disagreement or resignation would have warranted JGBO filing an 8-k. For your information, a company is not required to have an IR Firm and the resignation of any is not reportable. Regarding your other posts about Cao's personal or other business, I am not in a position to comment. However, I AM CONVINCED THAT JGBO IS WORTH MUCH MORE THAN THE $3 MILLION OR LESS THE MARKET IS PRICING IT. And so, I hold confidently. See the 1934 Act link below for futher reading:

http://taft.law.uc.edu/CCL/34Act/sec10A....

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