Plastic2Oil Inc (PTOI)

[OverDraught]

They probably don't have to look too far to find buyers. Possibly some geniuses that DCA'd to the point of owning millions of shares, or perhaps a survivor or two of the whale massacre. Another prime suspect is our favorite binnacle buffer, Dick Heddle. Bagholders all. For each million shares they cling to, a one cent drop in the share price equates to a $10k hit to their net worth.

People in that position might be willing to cough up the $50 per day to buy the fraud divvy shares and support the price at $0.03 or so. For another $50 they can buy 1,000 shares at $0.045, momentarily boosting their NW by $15k per million shares owned. If only on paper.

Why do this? Let's say the bagholder is a business owner who has and/or guarantees a commercial loan from a bank. The bank loan agreement requires the borrower/guarantor to provide signed personal financial statements at least quarterly, and perhaps monthly. An analyst at the bank reviews these statements and decides if the borrower/guarantor has sufficient resources to meet his obligations under the loan agreement. The temporarily higher NW that results from painting the tape helps to clear this hurdle.

Thursday is the end of the month and quarter. It will be interesting to see if someone continues to juice the sp between now and then.

For that matter, how do they find some poor sucker to buy those 12,500 shares every stinkin' day?