Plastic2Oil Inc (PTOI)

[Sleepy2016]

It wasn't just the media credits. They kinda explain that in the Q3 2009 10Q/A that they restated a full year later after recieving the Wells Notice:

The Company has restated its previously issued consolidated financial statements for the period ending September 30, 2009 for matters related to the following previously reported items: (1) the original accounting for the acquisitions of Javaco and Pak-It, which was improperly recorded as a reverse merger, whereby pre-acquisition operations of the acquired entities were erroneously reflected in the operations as originally reported, and (2) the valuation and subsequent impairment of media credits. The accompanying financial statements for the quarter ending September 30, 2009 have been restated to reflect the corrections. The effect of this restatement to the financial statements is a decrease in total assets of approximately $13,187,000, an increase in net loss for the nine months ended September 30, 2009, of approximately $1,110,000 and a decrease in equity of $10,343,000.

https://www.sec.gov/Archives/edgar/data/1381105/000121390010004885/f10q0909a1_jbi.htm

There is no question that Bordynuik began this whole enterprise with fraud in mind. Everything they did for the first year was all phony hype to artificially inflate the stock price to enrich certain people.