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loanranger

10/17/13 10:14 AM

#246895 RE: jaxstraw #246894

I like reality, too.

When they get to trial, these things get decided on the facts.
The SEC could not establish the facts in the Cuban case. He won.
The facts in the JBI case were in the filings that were made with the SEC by the company itself. JBI settled.

If JBI had a stack of bills a mile high they would not have won their case. This was all smoke:
"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."

If "the Company" really believed that, then they were delusional.