Plastic2Oil Inc (PTOI)

[the big guy]

Yes it is. Especially at the C executive level. I see this a lot in high tech (from where Bordynuik comes from) and have not seen it since in the capital projects business, where I have been for 10 years. I worked in a group at a high-tech player that got so sick of hearing baseless optimism from the leader that it became a joke. He got fired afterwards.

Please explain....

"If you think what I posted was an admission of a scam, you should also think the entire financial system in place is a scam. "

How so? What has the financial system got to do with anything?

When I started posting back in 2010, there was the first AGM in Niagara. I remember everybody coming out of there doing backflips and high-fives. It was quite a show wasn't it?

The SEC was not there. Representatives from the exchanges and OTC were not there. Bordynuik stood up and told a story. The audience believed it. Some got their friends and family involved in it. Word of mouth. There was a tanker outside, looking ready to go. Everybody thought that they would be making money from P2O within weeks, and that the tape business was going to provide a nice profitable business while they waited.

There are other things, like this...

http://www.wallstreetreporter.com/2009/12/jbi...interview/

Bordynuik made certain representations, which were relied upon by stockholders, which were not true.

This is misrepresentation or fraud. All it would take is to get JB into a court of law, put him on the stand, and ask a few simple questions. Did you say this? Here is the transcript, did you promise that? he would be done.

Do you realize that when people are enticed into things, like having dinners bought for them, etc, that that is termed "luring" and makes the misrepresentation stronger? That was quite the party at the AGM wasn't it... what a great time... was there free booze? Not like the last one eh.. bare bones and all.

I was involved in a misrepresentation case once. It has to do with a Salesman being hired and what was said at the hiring interview. The hiring manager promised great things. Said that it was going to be a "banner year". Well, when he got on board he got leads that were 2 or 3 years old... bottom line was that the business was attempting to restart and there had been no marketing done. That manager put his hand on the Bible in court, and the judge was just looking for him to lie. He was on the stand... and when asked directly about the representations he made... he came across as the liar he was... the person that had been hired won handily.

Shareholders should be looking to bust Bordynuik and bankrupt him. He lives in a nice house, has been taking a nice salary (contrary to what he said would happen, remember value-based management??) Shareholders should want his house and his car, anything of value. Plus his bank accounts emptied.

Bordynuik would have to get a real job. As far s I know he was an IT Guy. He was never in "Research and Development". IT groups don't have R&D. It is not an IT job title. R&D is R&D.

JB is the kind of guy that comes to fix my computer and get it working so I can do my work. That is all he is good for.

If he was bankrupt, he would have to turn over any income over $1800/ month to his creditors. For 2 years. And it would stay on his record for 7 years.

That is what shareholders should do.

Why are shareholders in this predicament in the first place (being down on a stock).

The answer is that you did not want to sell when you first realized that you had been had. It wold have occurred shortly after that first AGM. It became apparent that the tape business was not what it was purported to be. That was an outright lie. It required JB personally to do it. Not what you were told.

Then DOMINO!!!! one thing after another
- pak-It was a joke
- media credits were a joke
- Javaco was a joke
- tape business was a total joke
- processor #1 can't make money
- Processor 2 can't make money
- Processor #3 can't make money

And I am not even trying...

Sometimes it is best to simply blame yourselves for your misfortune. You got had.

And what do the financial markets have to do with anything?? I can't wait to hear this.