Plastic2Oil Inc (PTOI)

[loanranger]

I especially liked Appendix B.....
http://www.plastic2oil.com/files/NAWTECFinal10650.jpg

......which, when originally published, motivated the company itself to say "neither the SAIC report nor the executive summary should be relied on as management’s analysis or opinion regarding JBI’s current strategic plan or its business or financial prospects."
http://www.plastic2oil.com/site/news-releases-master/2012/10/12/jbi-comments-on-improper-release-of-saic-evaluation-report

So, to summarize....in chronological order:
1. SAIC did a report. (announced on 5/15/12 and described as a "Successful Independent Engineering Review of P2O Technology by SAIC and Management and Governance Changes")

2. An unknown party published the executive summary of that report. (10/12/12)

3. The company itself announced that neither the report nor the published summary "should be relied on as management’s analysis or opinion regarding JBI’s current strategic plan or its business or financial prospects". (also 10/12/12)

4. John Bordynuik, Chief of Technology (a management position), ignored management's advice and relied on both the published summary (and implicitly the report that it summarized) by using that summary as a reference in a presentation to the 21st Annual North American Waste-to-Energy Conference entitled Viable Production of Diesel From Non-Recyclable Waste Plastics as shown above. (Conference held April 22-24, 2013)

5. At some point the Bordynuik presentation was linked on the home page of the company website. It still is. (http://www.plastic2oil.com/site/home)


What's a prospective investor to think?
Can they rely on a presentation appearing on the company website that relies on a report that the company itself says is unreliable?