Plastic2Oil Inc (PTOI)

[capital gain]

I doubt it will anything close to that, I reckon that it will be much lower actually, as the original suit was only for a Million.

From their last Q10.

On August 20, 2013, plaintiff Stephen Seneca filed suit against the Company and John Bordynuik, former Chief Executive Officer of the Company and a former member of its Board of Directors, alleging claims against the Company for fraud, negligence, civil conspiracy, and breach of contract, as well as a breach of Section 678.4011, Florida Statutes. The claims allege wrongdoing by the Company in connection with a Unit Purchase and Exchange Agreement dated September 30, 2009, and certain shares of the Company’s stock issued pursuant thereto. On September 17, 2013, plaintiff caused a Summons to be issued on the Complaint, and on September 26, 2013, plaintiff caused the Complaint to be served on the Company. Plaintiff seeks damages “in excess of one million dollars.” On October 31, 2013, the Company and Mr. Bordynuik filed a motion to dismiss this Complaint. On May 14, 2014, the Court issued an Order granting the motion in part. The Court dismissed one of the claims made against the Company, and struck another from the Complaint. Mr. Bordynuik and the Company thereafter filed their Answer to the complaint. The Company cannot predict the outcome of this matter at this time.

GLTA.

A.H