Sorry, neither GAAP nor the SEC recognize psychic valuations. LOL. Even ignoring JB's vaunted IQ and acute business ability, as well as his lack of accounting training, something you just bought for $1 million is actually worth $10 million? Nah, doesn't work that way, even if the seller is really, really dumb.
first aspect to ferret out on the road to a trial is what KIDD was paid for those certs and who and where <they were> loaned off shore .. again the *recent* MO is for stock to be *run* <JBII DEC 09> with the then requisite short back down ... with the always now SOP *blame* on mgmt >>> however JB's ability to scale up P2O held the PPS in the 5.00 range for 5 mos
edit>>> let me be clear re: KIDD's payment (the money paid for the use of the JBII cert loaned off shore)
and we all know what came to pass *post* WSB being 8k'd
what is rather revealing now is to reconstruct the time line *given* since the SEC retroactively added previously non disclosed correspondence
makes my *contemporaneous* posts specific to the *events* of JULY 2010 (hit piece and CSTI's *appearance*) coupled with the short in JBII going to abusive status added to the SEC's proctology letter with 33 *topics* needing to be addressed by mgmt (9/28/10) >>> remarkably telling
as i've posted >>> it would appear there is *overlap* with the unregulated hedge fund utilized by KIDD that was stuck on stupid >>> never factoring in basics
these include the no. of attendees at the co.s first AGM (APRIL 2010) and the PIPE investors (the sec never contacted) *most* of whom have never deposited their certs in any brokerage firm >>> to be accessed regardless of *account* held
yeah ..my vote is for a trial and F-O-R-E-N-S-I-C-S
now maybe *all* will understand why i call this a war and it's never been *one dimensional* in nature
and imo why JB's *awareness* by early 2010 is one of the keys for the co. *evolving to the next level* (ie surviving what most can't)
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