Your post does not make a whole lot of sense and not much understanding of the basics of fraud or misrepresentation. In fact, you are helping thge SEC by posting this.
Point #1 really helps the SEC. You said "shortly after". Exactly. Shortly after obtaining financing, they fixed the books. The books were used to obtain the financing. Hence fraud. It is pretty simple. People were misled. Thanks.
Point #2. again, thanks. It makes no difference what JBI's opinion of the media credits worth was, or for that matter what the SEC thinks the media credits are worth. The suit alleges that they obtained information that indicated they were worth less than valued, and still proceeded with the financing. Fraud. The fact that it was "shortly after" acknowledges it is fraud. They must have known if it was shortly after. Otherwise they are just plain incompetent.
Point #3. The PIPE investors came in at $4.00 based on a discouint to current stock price. Current stock prices is based on probably a couple of factors, of which the financial condition of the company is one of them. Those factors I could probably count on one hand. THe competitive advantage of P2O is another.
Point #4. You may actually have a point. He did spend alot of money on a plant. I don't know myself how much he has been paid.
Point #9. Yes it is "purportedly" because there is nothing tangible in terms of serious revenues having come from this process. That is a matter of debate, but at this moment P2O is a failure.
The rest of it is conspiracy theories.
Bordynuik and Baldwwin...
