That's correct, and here is the final response from JBI Inc.
JBI, Inc. (the "Company") (OTCQX:JBII) is profoundly disappointed by the erroneous allegations of fraud contained in the civil lawsuit filed by the Securities Exchange Commission ("SEC") earlier today. The Company regrets that its attempts to negotiate settlement of this dispute failed, and, in consultation with its litigation counsel and Board of Directors, looks forward to vigorously defending itself in court, where the Company believes it will prevail on the merits.
now the ball has been volleyed back to the SEC's side of the court.
The toast is getting burned, among other entities...
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