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Re: flobbest post# 158516

Thursday, 01/19/2012 1:31:27 PM

Thursday, January 19, 2012 1:31:27 PM

Post# of 312016
More DD.

http://www.sec.gov/litigation/litreleases/2012/lr22220.htm

The Complaint alleges that JBI raised over $8.4 million for the company in these PIPES just before the company issued a public statement indicating its financial statements could no longer be relied upon, in part, due to the erroneous valuation of certain assets, known as media credits, on the balance sheet.