Plastic2Oil Inc (PTOI)

[Tson99]

I guess this answers a few questions. Doesn't look like John or Richard have been paid in quite a while.

Must be a scam, I mean who works day in and day out for the last year without getting paid. Too good to be true. Has to be a scam.



As disclosed, I continue to defer pay and have extended substantial loans to the company while John Bordynuik, our Chief of Technology, has deferred pay, paid debts, paid for lab work, consumables, equipment, and assumed obligations approaching in aggregate of $400,000. We’ve done this so that we can continue our operations until we obtain adequate new financing and/or execute on our first processor sale. We have undergone several reductions in the number of our staff so as to retain only those personnel essential to our reporting obligations and for demonstration and sale of our processors to potential buyers. We plan to continue such cost control measures until we achieve our first sale.