Replies to post #1092 on Pick your biggest OTCBB or Pinky Scam of the Centu

[SteveF]

I guess the SEC was looking a little too hard at JBII.

[SteveF]

I wonder if JB is going to pursue Gately for the $300k he claims to have spent on that 10K and the several hundreds of thousands the re-audit will take... Too bad I'm out of posts over there, I'd like to ask Ted Henry (The BOD member who resigned after 5 weeks but has stepped up his hype the last few days).

JB on FB
Okay -- now I am getting to these questions. --> Ted Henry - after being exposed to what goes on inside a public company and understands the incredible cost of filings, CC's, and regulatory costs. Our internal resources including my time is also taken away from our projects to handle these events. Our 10K will easily cost in excess of 300k (yuck). If D&T had been engaged for an audit add several hundred thousand to it.

jbii

[SteveF]

Aug 6: JBII fires Moore & Associates as their accounting firm

Aug 6: JBII hires Seale and Beers, CPA to replace Moore

Aug 14: JBII hires Gately & Associates to replace Seale and Beers

Aug 17: JBII fires Seale and Beers

Aug 24: JBII acquires Javaco and $10 million in Media Credits from R. Thomas Kidd for 3.5 million shares of JBII and $150k cash

Sep 30: JBII acquires Pak-It from Private Equity Fund for $1.2 million cash, 625k shares of JBII stock and assumption of $2.665 million in Pak-It debt (subsequently paid with proceeds from the $.80 PIPE)

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

(a) On August 6, 2009, Board of Directors of the Registrant dismissed Moore & Associates Chartered, its independent registered public account firm. On the same date, August 6, 2009, the accounting firm of Seale and Beers, CPAs was engaged as the Registrant's new independent registered public account firm. The Board of Directors of the Registrant and the Registrant's Audit Committee approved of the dismissal of Moore & Associates Chartered and the engagement of Seale and Beers, CPAs as its independent auditor. None of the reports of Moore & Associates Chartered on the Company's financial statements for either of the past two years or subsequent interim period contained an adverse opinion or disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope or accounting principles, except that the Registrant's audited financial statements contained in its Form 10-K for the fiscal year ended December 31, 2008 a going concern qualification in the registrant's audited financial statements.

During the registrant's two most recent fiscal years and the subsequent interim periods thereto, there were no disagreements with Moore and Associates, Chartered whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Moore and Associates, Chartered's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the registrant's financial statements nor were there any up to and including the time of dismissal on August 6, 2009.

Due to the circumstances set forth above, the Company could not obtain an amended letter from Moore and Associates for this amended Form 8-k.

b) On August 6, 2009, the registrant engaged Seale and Beers, CPAs as its independent accountant. During the two most recent fiscal years and the interim periods preceding the engagement, the registrant has not consulted Seale and Beers, CPAs regarding any of the matters set forth in Item 304(a)(1)(v) of Regulation S-K.

As disclosed in our Form 8-K filed on August 17, 2009 we dismissed Seale and Beers, CPA as our independent accountant and retained the independent registered public accounting firm, Gately & Associates, LLC as of August 14, 2009.

[Buckey]

UNREAL









it took so long