Why would JBI be responsible for a fine, wouldn't it be the accounting firm submitting the incorrect data? Obviously John didn't prepare the document, it would have been the accountant. If H&R Block screws up my taxes it wouldn't be my fault unless I gave them inaccurate information.
"The SEC just admitted right to your face that JBII has done nothing wrong in the last 2 years other than restatements on financials from 2 years ago based on using a wrong accounting method for noncash items with no allegation of any kind of fraud whatsoever."
Did they? I don't believe that the SEC has made any statement whatsoever, let alone an admission the likes of which you describe.
That chapter is basically behind us now. Not a single thing about P2O or any of a million half-baked conspiracy theories. Do a little googling search on restatement fines. They're like parking tickets.
I have never heard of a 50k parking ticket.
The SEC just admitted right to your face that JBII has done nothing wrong in the last 2 years other than restatements on financials from 2 years ago based on using a wrong accounting method for noncash items with no allegation of any kind of fraud whatsoever.
Really? The SEC said this?
"The Company does not anticipate that the notice will negatively impact its business operations."
As if the company would say "We anticipate that the Wells Notice is a sign of several bad things to come and we advise investors to stay away from this scam."
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