Plastic2Oil Inc (PTOI)

[stoxrock]

DID JB INVOKE THE 5TH AMENDMENT BEFORE THE SEC? Does anyone know?
A smart SEC attorney will tell you if you are guilty, DON'T TALK.

However, the Staff may take a negative inference by law from a failure to testify.

His lawyers, Rich Anslow and Greg Jaclin are very smart and would not let a guilty man hang himself.

Interesting.

what Regional office of the Commission conducted the investigation?

anyone know?

Did JB come into the US or did they go up there??

better Google Steadman, famous SEC case..

I'm betting that while no one factor under Steadman is controlling, you will see the following:

A lawsuit charging JB and the Shell Owners and possibly certain shareholders close to JB with violations of:

Section 17a of the 33 Act: fraud in the issuance of stock

Section 5 of the 33 Act and specifically with Sections 5a and 5c promulgated there under (sale of unregistered securities)

Section 10b of the 34 Act and Rule 10b-5 promulgated thereunder (FRAUD in connection with the purchase and sale of securities)

2a-11 of the 33 act with respect to certain shareholders close to JB (Statutory underwriters who had a "view to a distribution" of JBII stock without being registered with the SEC as a broker or dealer)

the lawsuit will seek:

disgorgement of ill-gotten gains
prejudgement interest
civil monetary penalties

thats the lawsuit

then there will be an OIP (Order Instituting Proceedings) seeking:

Officer and Director bars
Penny Stock Bars

THE US GOVERNMENT IS SAYING THESE GUYS ARE LIARS...

WHY DO THINK THEY HAVE CHANGED THEIR STRIPES?????