Plastic2Oil Inc (PTOI)

[loanranger]

So who gets sued this time?
Does the TA get added as a co-defendant?

The preferred shareholders were entitled, actually obligated by agreement, to convert their holdings into those 15 million plus worth of common on 6/30. Now you are guessing that they don't have them yet. Meaning that they sure can't sell them yet.

Obviously that renders the recent 10-Q inaccurate:
"As of August 14,, 2014, there were 114,530,943 shares of Common Stock, $0.001 par value per share, issued and outstanding."
Apparently not.

If a deli was run like this I'd avoid the potato salad.