JBII.. Filing.. OPPS... Why do continue to discuss this stock on this board when it has its own board..??? Especally since the company has put the following in it's filings..Therefore, the mentioned filings and related financial statements should no longer be relied upon.
The last 15 posts have been on JBII..
This one item was discussed/debated /deleted several times last year.. "the valuation of media credits acquired by the Company during 2009 through the issuance of common stock."
Item 4.02, Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review...
"Management is working diligently to correct the errors and file restated financial statements."
On May 19, 2010 John Bordynuik, President and Chief Executive Officer and Director of JBI, Inc., (the “Company”), concluded that the Company’s previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission (“SEC”) on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company’s former independent registered public accounting firm Gately and Associates, who was dismissed on May 13, 2010, was informed of the matters disclosed above.
Management is working diligently to correct the errors and file restated financial statements. This restatement will in no way impact the Company's ability to execute its business plan during the 2010 fiscal year. The Company has sufficient cash to complete the P2O factory in Niagara Falls NY and to upgrade the Pak-It facility for retail rollout and to bring the fuel blending site to an operational state
The Company’s newly appointed independent registered public accounting firm of WithumSmith+Brown, PC will review the restated financial statements to be included in the revised Form 10-Q and will audit the financial statements to be included in the revised Form 10-K. Therefore, the above mentioned filings and related financial statements should no longer be relied upon.
2564 JBII.. Filing.. OPPS... Why do continue to discuss 10 bagger 5/23/2010 6:59:56 PM
#2562 Well, it's cause of IsleChem's report (which is zardiw 5/21/2010 11:11:01 AM
#2561 Wrong. Read the report. Watch the videos. It zardiw 5/21/2010 11:06:28 AM
#2560 Well, my small boilers that burn actual "natural Zen lunatic420 5/21/2010 10:56:41 AM
#2559 The stack test is for burning natural gas zardiw 5/21/2010 10:38:58 AM
#2558 I read a report that it didn't actually Zen lunatic420 5/21/2010 10:14:43 AM
#2557 No problem. Sorry to bother you all....Will try zardiw 5/20/2010 11:34:29 PM
#2556 ENOUGH JBII.. 10 bagger 5/20/2010 11:21:29 PM
#2555 A rose by any other name would smell zardiw 5/20/2010 4:51:43 PM
#2554 FYI, IsleChem brought their CONSIDERABLE expertise to JBII zardiw 5/20/2010 4:46:18 PM
#2553 JBII 2.95 falling back to penny land soon swanlinbar 5/20/2010 3:57:57 PM
#2552 Yes, zardiw cracked his own case when he Rawnoc 5/20/2010 3:35:18 PM
#2551 This is getting funny. In the post ksuave 5/20/2010 3:32:45 PM
#2550 It was deleted as a privacy violation since Rawnoc 5/20/2010 3:20:18 PM
#2549 This was deleted on JBII board... Knowledge is King 5/20/2010 3:04:03 PM
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