Being sued by the SEC for fraud really does deserve more serious consideration.
A scam left on its own can go on indefinitely. An exposed scam is a dead scam, and that may describe JBI at this point in time.
On the other hand, if Bordynuik's Magic Catalyst story is a complete fabrication, well, JBI will just continue to lose money as it always has. That's nothing that another PIPE, and printing up another 50 million more shares, won't solve.
A casual stroll through the lunatic asylum shows that faith does not prove anything. Friedrich Nietzsche