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Thursday, March 07, 2013 9:47:53 PM
The SEC investigated JBI for 1.5 years -- many expected many more charges to follow the overblown accounting error affair... but alas, nothing..... The SEC found nothing else to complain about... only an accounting error.
So what is the truth here: that JBI has pulled the wool over the SEC's eyes while being investigated...OR...that the truth is much less fantastic, perhaps even banal in comparison -- that JBI is a small startup company using venture capital to tirelessly mature its product while simultaneously having to publically work through growing pains that most other companies do privately....?
I tend to believe the less fantastic of the two versions. John and JBI are not svengali's -- if they were really that good then there wouldnt have been the whole accounting error thingy to begin with.
It's time to stop believing this fanstastical fairy-tale and come to grips with reality: JBI is a startup company trying to succeed.
Boring I know....
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