Plastic2Oil Inc (PTOI)

[loanranger]

It took me a while to find the answer the answer to your question....a lot longer than it takes to say "Unwashed, unsorted plastic and it's Free!".

On p. 62 of the linked document (which is in a format that won't allow me to copy and paste it so you need to look at it) it provides the calculation of what's called the "Recognized Loss" for shares acquired between 8/28/09 and 1/4/12 and STILL HELD on 4/2/12.
http://www.jbisecuritieslitigation.com/media/236451/stipulation_of_settlement.pdf


So my previous statement oversimplified the criteria. I also left one out, so let's try again.

You would have had to:
1. File the claim properly.
2. Filed it on time.
3. Show that you acquired shares between 8/28/09 and 1/4/12 and still held them on 4/2/12.
4. Show that some of those shares were acquired for more than $1.40.

If you did that you were entitled to a recovery (you should be able to figure out how much). Check your copy of your claim. Obviously you DID NOT have to sell your shares in order to have a recovery.

I suggest that you read page 62 carefully (it is page 22 of the "Notice of Proposed Settlement section" of the set of documents).
http://www.jbisecuritieslitigation.com/media/236451/stipulation_of_settlement.pdf