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Saturday, April 07, 2012 1:14:02 PM
JBI's filings show they were so "worthless" they wrote them off after showing them as an inflated asset on their balance sheet for many months. An asset used to lure pipe investors.
Who cares how Domark booked them, they're not the company in trouble.
Seems kind of stupid to pay 1 million dollars for something "worthless". Someone obviously missed it doing their due diligence.
My question still is: Did JBI use any of the "worthless" media credits and if so, how is it accounted for in their filings if they wrote off the "worthless" media credits?
Oh? Are you referring the "worthless" media credits the SEC approved a valuation of 10 million for Domark and then told JBI they can't book them the same way?....UH-OH. Starting to look like 10 million dollars worth of media credits is worth?...drum roooollll plzzzz.....10 MILLION!....ROFL!....just 10 millionin'
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