InvestorsHub Logo
Followers 14
Posts 574
Boards Moderated 0
Alias Born 12/05/2010

Re: None

Monday, 11/21/2011 12:59:24 PM

Monday, November 21, 2011 12:59:24 PM

Post# of 312015
The SEC names John Bordynuik,and former officers as Defendants - anyone expecting this type of news in the Quarterly report today?


On July 14, 2011, the Securities and Exchange Commission's (“SEC”) Division of Enforcement issued a "WELLS Notice" to the Company indicating that the staff intended to recommend that the SEC file a civil lawsuit alleging that the Company violated certain provisions of the federal securities laws.

The Company believes that the staff may also recommend naming one or more current and former officers of the Company as defendants in the proposed lawsuit.



Filing Date 2011-08-22
http://www.sec.gov/Archives/edgar/data/1381105/000121390011004691/f10q0611_jbi.htm