Plastic2Oil Inc (PTOI)

[jaxstraw]

This filing is for the five year warrant Lawrence Leahy got for wasting $100k.....which Heddle took and most likely used to file and audit the recent 10q.

On August 8, 2016, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into a Subscription Agreement (the “Purchase Agreement”) with Lawrence Leahy (the “Purchaser”), , pursuant to which, on August 10, 2016, the Company sold to the Purchaser in a private placement (the “Note Financing”) a $100 thousand principal amount 12% Secured Promissory Note due August 10, 2021 (the “Note”), together with a five-year warrant to purchase up to 100 hundred thousand shares of the Company’s common stock at an exercise price of $0.12 per share (the “Warrant”). The gross proceeds to the Company were $100 thousand