Nah. I might agree with you if this was a hot dog stand business, but this is a bleeding edge technology nobody has ever been able to run profitably. Get it? This has never been done before. Do you expect everyone to know everything about things that do not exist yet?
(1) There is no evidence that the shares "needed" to be free trading. It just so happens that a private exchange of shares are free trading.
(2) The OSC settlement doesn't make any further lawsuits viable. Unlike the SEC settlement, John expressly denied any guilt or responsible. There was no "without admitting or denying" clause. He flat out denied everything, and the OSC accepted that and withdrew all allegations against JBII.
(3) There is no evidence of any lies. Here, in case you missed it:
b]REALITY VS. THE OSC-GATE CONSPIRACY:
In 2009, John stated: "The company has no free trading shares to sell" Fact. "We did not and DO NOT hire stock promoters." Fact.
(1) The company didn't sell any free trading shares.
(2) John said the company didn't hire any stock promoters. Nobody has provided a single shred of evidence that the company hired any stock promoters. Sorry, but the term "friendly to the operations" doesn't equate to promoters. It is well known, for example, that John hired engineer consultants from Exxon to help design and build a gas-compression system. If it said "friendly to the stock," maybe the promoter-conspiracy theory would make more sense. Friendly to the operations -- does not.
(3) The OSC "alleges" that John used free trading shares to pay for some things. If that's even true, there is no evidence that "the Company" did so. If they were his personal shares, or his relatives shares, or shares stripped from his nutbag ex-girlfriend as she claims, well then that wouldn't be shares sold from "the Company" nor would that be free-trading shares from "the Company."
(4) John's "confession" was "solely for the purpose of this Proceeding." In other words to get his wrist slap that included zero fine whatsoever to the company and a small administrative fine to himself. Despite thousands of claims otherwise, "Bordynuik expressly denies that this Settlement Agreement is intended to be an admission of civil or criminal liability and expressly denies any civil or criminal liability." http://www.westlawecarswell.com/oscb/on3715/on3715-35.htm
Let's review reality:
* Nothing in the administrative settlement that admits nothing contradicts anything John said in the past. * John denies any of the allegations, and the OSC accepted his denial for a tiny fine and even withdrew all allegations against JBII itself
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