Plastic2Oil Inc (PTOI)

[xxxxcslewis]

It was a contrived, trumped up case from the beginning. The media credit issue was not a reason anyone bought the stock. No one was harmed because of the issue.

The fact the asset value was carried over at the same value as it was valued by the other SEC filing entity, and the fact there was no similar action taken by that company is telling. Some individuals at the SEC likely were complicit, given the above, and a reasonable reading of the exaggerated language in the complaint and the subsequent personnel changes at the Boston office of the SEC.

The settlement was constructed to limit legal costs and will, assuming processor sales commence soon, pass through to those filing valid claims the vast majority of the settlement funds.

My expectation is processor sales to more than one customer will commence soon and a much higher stock price will ensue. It will take a year or so to determine the amount in the settlement fund.

I filed claims, that's how it worked and I am laughing out loud.