Not sure how you can misinterpret what was said - the company regrets that its attempt to negotiate settlement of this dispute failed. That's eventually what the SEC did - they negotiated a settlement. Makes one wonder why they were so eager to commence litigation if they were in settlement negotiations. For all we know JBI's offer was the same as the settlement finally agreed upon. If it was the SEC's plan to hurt the company and shareholders by commencing this litigation they certainly achieved that. They should be ashamed of themselves . Were SEC staff reprimanded.
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