Plastic2Oil Inc (PTOI)

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Updated list: Recent JBI events of concern


1) JBII down-listed to the PINK sheets.

2) JBI lost its status of being fully compliant by failing to submit latest 10k before final deadline.

3) JBI admits to producing less than 48,000 gallons of fuel in Q4 after, contradicting what Bordynuik had promised investors at the most recent AGM.

4) JBI abandoned their only known patent application on the P2O technology, leaving them with nothing proprietary to sell.

5) JBI revealed they had a failed PIPE offering for shares that were discounted 45% to the market. They sought $1M dollars, but only managed to raise less than 1/3 of that.

6) JBI sold a bunch of shares at $0.05 to some wing-nut who refers to himself as "His Excellency". Those shares, as well as the $0.10 PIPE shares will eventually trade in the market, further damaging JBII's share price.

7) Bordynuik admitted in the OSC settlement to having willfully committed numerous illegal acts against shareholders interests from 2008 to 2011. He admitted to using his own mother and children as unwitting accomplices in his crimes, suggesting he will stoop to using the most despicable means to screw shareholders.

8) All of the illegal acts that Bordynuik admitted to in the OSC settlement are going to dramatically help all the folks currently suing Bordynuik and JBI win their cases, and significantly damage JBI's defenses. There are sure to be other lawsuits as a result.

9) JBII now down 63% since Heddle took over only eight months ago.

10) JBI hasn't been able to find even one independent qualified person to join their board, after trying for TWO YEARS. That suggests folks who have experience in managing legitimate public companies don't want anything to do with JBI.

11) Pancoe vs. JBI settlement soon to pass. That will result in MILLIONS more JBII shares being issued and dumped. When those MILLIONS of shares get dumped, it is a certainty that JBII will get pummeled.