The problem is, if Bordynuik is a liar and a crook with a tendency to Juice things up, as the SEC suggests, then one can't believe anything he says unless it is verified by an independent source:
"21. At the time JBI (through its predecessor, 310 Holdings) acquired the media credits Bordynuik discussed with the consultant valuing the media credits at $10 million despite the fact that JBI obtained them at a cost of $1 million (i.e., the $1,000,000 equity payment made via the transfer of 1,000,000 shares of 310 Holdings common stock). At the time Bordynuik knew that the consultant was not a CPA. Bordynuik also knew that she would be responsible for preparing JBI’s financial statements. Bordynuik then instructed the consultant via internet instant messaging (a “Skype” message) to “please get the pro formas as juicy as you can so I can acquire a chemical company for less.” The reference to a chemical company related to Bordynuik’s intent to use JBI and its valuation as a vehicle for acquisitions. The reference to “pro formas” related to financial statements of JBI that would not necessarily conform with GAAP and that the company could use to communicate information about JBI to prospective investors, as opposed to being filed with the SEC. In response to Bordynuik’s instructions the consultant produced pro formas to Bordynuik that contained the media credits valued at nearly $10 million." http://www.sec.gov/litigation/complaints/2012/comp22220.pdf
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