InvestorsHub Logo
icon url

BRIG_88

04/05/12 5:14 PM

#175281 RE: dreaminbig #175277

ROFL! I. Don't. Think. So. What was paid for them isn't the issue. What the SEC allowed them to be valued at is. Domark carried them at 10 mill....just like JBI did....i do however wonder what Domark paid for them....i betcha it wasn't 10 mil.....but we're gonna find out on discovery aint we?...that's why i asked WHY isn't the Domark 10k and 10q included? SEC screwed up and is HIDING something?.....just thinkin'
icon url

StockSnyper

04/05/12 5:14 PM

#175282 RE: dreaminbig #175277

HEY even better idea. Accounting 101. JBI paid 1,000,000 shares worth $1,000,000.00 for the media credits. That made the media credits worth....Tah dah......$1,000,000.00.

What did Domark pay for the media credits? Maybe they paid 10 million so that made them worth .......10 million on Domark's books.


In what Universe does that even make a lick of sense?
You buy a foreclosed home for $50,000 that is worth $500,000, and you mean to tell me that you now only owe property tax on the $50K you paid?
I think not!
All this shows is that John got one hell of a deal in Domark's "fire-sale". Domark, I am sure didn't pay $10,000,000 for those credits when they bought them, either - it is just paying it forward...

*crickets chirping in the dark corner...
icon url

Rawnoc

04/05/12 5:15 PM

#175283 RE: dreaminbig #175277

DEAD WRONG -- DOMARK PAID $3.3 MILLION FOR THE MEDIA CREDITS.

Yet booked them at face value, $10 million...

AND THE SEC "ULTIMATELY CLEARED"

Ta-da!

case is DEAD -- JBII simply copied what the SEC already blessed and approved. Why would JBII book them any other way other than how the SEC themselves "ultimately cleared" ????

It's in DOMK's filings -- $3.3 million or $3.4 million (I forget the exact number but it's easy enough to look up and see for yourself)

So........................

DOMK paid $3.3 million for $10 million worth of media credits and booked them for $10 million. The Florida office of the SEC ultimately approved this.

Then the Boston regional office, without looking into what the Florida regional office did, said JBII can't book $10 million worht of media credits paid for with $1 million in stock having no clue that it was already approved in that style by the Florida SEC regional office.

Ut-oh!!!!!

Add to that the SEC's star witness already said on oath that Bordynuik never said to fake any numbers and recommended the full $10 million valuation booking along with the auditor and a colleague???????

RUT ROH RUT ROH RUT ROH

Onwards and updwards. I take back that parking ticket prediction -- I think it will be even less!