Plastic2Oil Inc (PTOI)

[loanranger]

What made "for a $0.003 drop on piss volume"?

The news of the court's acceptance of the settlement...even the settlement itself, which hey parties agreed to in January....wasn't reported to this all-knowing board until after the close.

In fact, even if the company was inclined to do the right thing....you know what I mean, the transparent thing...they had plenty of time to file an 8-K yesterday afternoon. They weren't so inclined and they didn't. We'll see if they suck it up and make it public on Monday morning.

It would be simple. Something like:
"Once again, the Flounder of JBI, Inc. has found a way to bring shame upon the company name. He has admitted and acknowledged that he contravened Ontario securities law in the following ways:
a) During the Distribution Period, Bordynuik effected distributions of securities of JBI John Bordynuik Inc. when a preliminary prospectus and a prospectus in respect of such securities had not been filed and receipts had not been issued for them by the Director, contrary to subsection 53(1) of the Act;
b) During the Distribution Period, Bordynuik signed and certified SEC filings containing JBI financial statements with respect to the quarter ended on September 30, 2009 and the 2009 year-end that were not compliant with GAAP, contrary to s. 126.2 of the Act, and acknowledges that the effect of so doing may have been to mislead Ontario investors;
c) Bordynuik inappropriately utilized a trust account and trust arrangement to distribute shares of JBI in violation of the trust, contrary to the public interest and s. 127 of the Act.

One of the mitigating factors considered in sentencing Bordynuik was:
"Bordynuik has already incurred significant penalties related to the issue of the misleading financial statements, including a monetary payment and a prohibition from acting as a director or officer, as a consequence of SEC proceedings which were brought with respect to the financial misstatements referred to in Part C above."

Bordynuik, the company's current Chief of Technology, was assessed various penalties, too numerous to list here."



THEN we'd know what he market thinks of it. Maybe it would be "a $0.003 drop on piss volume", maybe not. I'm not convinced that we're going to find out.