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!