CEO Bordynuik responds to a shareholder questioning the reason why the JBI auditor was changed just before their 10Q was supposed to be filed.
John Bordynuik comments:
If I could tell you I would. Like many companies, we are faced with making decisions that will benefit the company greatly long-term and possibly at a short-term cost. This is one of those situations. It's great for long-term shareholders. At the last AGM, I explained what we did over the last year, our challenges and the result of scaling a lab unit to a full production processor. Decisions made over the past year were for long-term share holders, not short-term stock prices. At the next AGM (probably sooner), I'll be able to explain why we changed auditors on May 13th - it was a classic risk vs. reward. I'm not happy about the timing but in reality everything can't always be picture perfect.
It’s a green production. What’s more, when it slags the carbon black, there is a door-cover on the front, keep from flowing and wet.
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