Plastic2Oil Inc (PTOI)

[jaxstraw]

actually...there are no other investors...and nothing is 'going on'.

actually...I want to know where they plan on spending that $1M....who is investing that money

This is always hyped up on SMB's as some type of fantasy event when POS companies do this.

Companies file a Form 424B2 if there are more investors coming on a delayed basis.

If they don't have any more entities willing to lend money they issue what you in the 8K today.

It means they don't have a 'single' plan for whatever they might raise.....no set terms every possible lender must accept ( they can differ for any other entry....what Leahy agreed to for his wasted $100k might differ form whatever any one who possibly gets conned into seeing their cash evaporate).... and will draw of the proposed amount whenever they feel the need or can convince someone to lend them money.

Some of these take years to fill...or never fill at all....that's why they don't file a prospectus.