Plastic2Oil Inc (PTOI)

[underdog150]

Speaking of 8k's filed by PTOI, and the one filed on 3/13/2013 specifically, didn't they violate the judgment against them by failing to file an 8k announcing the breakdown of the processors?
From the 8k SEC settlement

JBII is permanently restrained and enjoined from violating Section 10(b) of the Securities act of 1934
(a) to employ any scheme or artifact, to defraud
(b) to make any untrue statement of a material fact or to omit to state a material fact

(c) to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit on any person.

Niagara Falls, New York, March 21, 2013 - JBI, Inc. (the “Company”)(OTCQB: JBII), announced today that the U.S. District Court, District of Massachusetts, has approved the settlement of the previously announced Securities and Exchange Commission (SEC) enforcement action against the Company and its former chief executive officer, John Bordynuik.

Under the terms of the settlement, the Company and Mr. Bordynuik consented to the entry of orders enjoining them from future violations of certain provisions of the federal securities laws (including the antifraud, reporting and books and records provisions), and required the Company and Mr. Bordynuik to pay civil penalties of $150,000 and $110,000, respectively. The settlement did not require payment of “disgorgement” or other amounts. The order against Mr. Bordynuik included a five-year officer/director bar. Mr. Bordynuik stepped down from his Officer and Director positions with the Company in May 2012, and currently serves as its Chief of Technology.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9176805-6657-8945&type=sect&TabIndex=2&companyid=728366&ppu=%252fdefault.aspx%253fcik%253d1381105
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and only on a SMB would this:

Quote:
we intend to lease the blending facility to a qualified independent operator in 2016



become this:

liquidating assets ..

as if leasing doesn't provide revenue for both short and long term *actual* P2O investors

which is why i'll take what is 8K'd out of P2O vs musings on SMBs


Quote:

Internal Changes

While our primary focus continues to be on the sale of our disruptive technology, a number of internal operational changes are being addressed:

1. The Niagara Falls plant will provide a source of revenue in the coming quarters. The Company plans to raise additional outside capital for the restart of flagship processor #3 and we are also considering modifications to our processor #2 in order to improve economies of scale and resultant cash flow.

2. Plastics2Oil owns a fully permitted fuel blending facility in Thorold, Canada. Regional demand justifies bringing the facility back on line and we intend to lease the blending facility to a qualified independent operator in 2016.

3. We will continue to draw support from our loyal shareholder base that includes individuals with impressive business credentials, experience and acumen. Valuable strategic suggestions have been offered and are being evaluated. I am also considering making important additions to our management team in the coming months and we may establish an advisory board.



P2O = a fully filing OTC company entering their 8th year with a truly *ENVIABLE* SS

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120873156

which is a significant OUCH to those who *target* OTC stox and companies by rote .. that SURVIVE .. :)

ho hum








I'll file another complaint today