he didn't lie to anybody. he told us all what he paid for the media credits when he bought them and nobody cared 3 years ago about them just as nobody cares about them now. nobody invested over media credits and nobody cares about a technicality on how to technically book them on a balance sheet even after he publicly told everybody he paid for them with 1 million shares. lied to us? lmao! this is all straw grasping in the fact of an exploding successful new technology that's a threat.
I don't, however, believe that the SEC is out to destroy a company like JBI. To date the SEC has done their part to bring attention to an issue that JBI will correct and learn from. JBI can rise to the occassion and work towards changing its practices, which they appear to be doing, or they can continue on with similiar behavior which would be surprising.