Plastic2Oil Inc (PTOI)

[the big guy]

That is far-fetched and outlandish. This is a just a case of professionals doing their jobs. No one set JBI up. The Wells notice and Statement of Claim are normal steps in the investigative process. Nothing more, nothing less. There was no conspiracy to hammer the stock price. It hammered itself by misrepresenting the financials to investors.

It was not reported on SMBs, there was speculation. Means nothing. Means a poster knows how the SEC works, that is all.

Settling in negotiations is normal, because it does cost everyone less money. It is up to the judge who pays costs. He does not have to make the loser pay all costs, especially if a reasonable attempt to settle is made. And if the lawsuit is deemed frivolous, the SEC would have had to pay all costs for both sides!!!

Lawyers move around a lot, from case to case. They are just professionals doing a job. I once launched a lawsuit. It ended up being bandied about by 3 lawyers. Milked for all it is worth.

A Settlement IS IN FACT a de facto admission of wrongdoing. If the SEC had gone to court with a poor case they would have been laughed out of the courtroom. They had a good case, and that forced a settlement.