Plastic2Oil Inc (PTOI)

[sburlria]

So much Dick Hed BS... loathsome
"On March 31, 2017, we closed on the sale of our idle office building in Thorold, Canada. The net proceeds from the sale and the resulting reduction in monthly operating costs will provide working capital to sustain P2O operations over the next two quarters."
Huh, liquidating the property (in default for several years)reduced monthly operating costs? That's called bullshit.
Oh wait, how about this..
"Glenny and Maskell (Canadian insurance broker) settled on a lawsuit filed by Plastic2Oil, Inc., on May 25, 2012 at the Ontario Superior Court of Justice, seeking damages consisting of the costs of defense and any damages that may be awarded against the Company, former CEO John Bordynuik, and former CFO Ron Baldwin in the Class Action and in the SEC Action. The case was settled in the US with ACE (Insurance carrier) in or about May 2013, pursuant to what is known as a “Mary Carter” (confidential) settlement. The net proceeds from this settlement will be used for working capital to sustain P2O operations over the next two quarters."
An entire paragraph of made up Bullshit! Complete nonsense by good ol' Dick Hed.