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MorningLightMountain

04/03/12 6:53 AM

#174773 RE: tykundegex #174771

that Co has a market cap about 80 times greater than JBII....so their $400M problem would equate to about $5M for JBII.....

so, all things being equal, JBII's "mistake" is about double, "pound for market cap pound" in such a comparison, with the media credits once valued at about $10M.....

PS: I realize there are other ways to compare Cos, and that market cap is fluid day to day, but that should give an idea for scale when weighing a large co vs a smaller one.....

That, my friends, is a $400 million mistake! How much was JBI's mistake again?

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fourkids_9pets

04/03/12 7:40 AM

#174775 RE: tykundegex #174771

it had discovered "material weakness" in internal controls



yep since that info was revealed late last week >> that news has
been all over cnbc

as i've previously posted >> this is an issue that is always being
worked on by companies >> i know of one *record* setting co. that
ipo'd in 2000 ~ that was still working on this >> *issue* >>
close to a decade later and they may still be (i haven't checked
their status for a few years now)

these are part of the reasons >> (tied back to sox) that folks like the ceo
of home depot are referring to >> when they mention with regularity
that they could not come public in today's *regulatory* environment

this is why as painful as it may seem to JBI investors >> it's actually better
that this issue with the sec (re: JBI's media credits priced and conveyed
by DOMARK) are dealt with >> NOW >> because *material weakness
& internal controls* are always a work in progress >> but the learning
curve here is invaluable for senior mgmt going forward and makes JBI
a much stronger co. due to lessons learned and *ongoing* interaction happening *now*

one question it would be nice to have answered by IR >> is whether
a dual listing (Canada) is doable at this stage for JBI >> or if senior mgmt
prefers to hold off on that until a decision is made re: sec's complaint

one of my other suggestions to IR >> will be taking the top questions
shareholders have each month and rotating say the top 5 on their FAQ page

again not everything will be able to be answered >> but what can be should be

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4kids
all jmo