Sunday, March 04, 2012 2:55:23 PM
Name one.
Then when you come up completely empty, name one time in the history if the entire stock market where an entire private placement was the fine due to a non-cash asset write down.
Good luck with that. SEC fines companies for accounting restatements are ALWAYS relatively small and manageable. AKA a parking ticket.
As an example, when the monster company XEROX had 4 years of misstatements to the tune of billions of dollars of actual sales and net income, the fine was a mere $10 million, a mere parking ticket to Xerox, yet touted by the SEC as the largest fine at the time in history:
http://www.sec.gov/news/headlines/xeroxsettles.htm
The notion is rib-cracking laughable that little tiny JBII is going to get the same size fine is as the record-breaking Xerox that misstated 4 years of actual sales and earnings for billions of dollars.
Raw
Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.
http://investorshub.advfn.com/boards/board.aspx?board_id=1781
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