Plastic2Oil Inc (PTOI)

[jaxstraw]

Year and a half ?

Bordynuik also was barred for five years (from March 18, 2013) from acting as an officer or director of a public company.

No problem.
Actually fits the timeline of Bordy's new scam pretty well.
It would be quid pro quo.
Bordy dumped his shares when Heddle took over.
Heddle dumps his shares when Bordy takes over.

Declare CH 11
Wipe out common shareholders
Issue Newco to all creditors (basically the vast majority is just Heddle) in lieu of cash
Reconfigure the AS under bankruptcy protection to a reasonable amount again.
Exit CH 11 as almost sole holder of all new company stock.
Merge shell into Bordynuiks new venture and issue Bordynuik millions of public shares in for his stock ( private) in his new venture.
Move all of Bordynuiks science project over to his new venture.
Heddle resigns and is free to unload his stock once Bordynuiks five year ban is up.......which is how far out again ?