InvestorsHub Logo
Followers 1183
Posts 134793
Boards Moderated 3
Alias Born 08/27/2003

Re: the big guy post# 212272

Sunday, 01/27/2013 5:51:48 PM

Sunday, January 27, 2013 5:51:48 PM

Post# of 312016
Nice try. It's less than a parking ticket. Average company settlement as I pointed out thousands of times was less than 1% of market cap. Fine came in at 1/5th of 1%.

Combinging company fines with individual fines is hysterical by the way. The company only pays the $150,000 parking ticket, nothing more. It's nothing. As an example, Michael Dell paid a $4 million fine and his company $100 million.

Lawsuit was for $8.4 million in disgorgement. I heard thousands of times that was the real worry. I then said thousands of times that was ridiculous, there's nothing to disgorge because not a single investor invested based on a technicality accounting error that would have been 100% correct under shell accounting rules, and JBII was a shell just 2 months earlier.

And boy was I right -- total disgorgement a big fat ZERO. Total fine a pipsqueak number.

I thought I heard thousands of times John would be on the run or hole himself up in his office with guns blazing and all sorts of other nonsense? ROFL!!!!

Good grief. I predicted less than $800,000 in fines (1% of market cap), and even I was waaaaaaaaaaaay off the mark despite hearing thousands of times it would be way more than $800,000 lol.

3 years of conspiracy theories 24/7 and the fine is $150,000.....wow lol