Plastic2Oil Inc (PTOI)

[loanranger]

That might be a good guess.

That filing was his personal responsibility and I don't think that the SEC would provide a personal
warning letter. So when you say "My guess is he got a warning letter from the SEC" I expect that such a letter might have been sent to the company (attn: CEO Heddle) and in the context of that letter he became aware of the obligation....the last 10-K Beneficial ownership table says 5.1% right on it next to Heddle's name.

The SEC wouldn't send a letter for that reason only...it would likely come from a review of the company's latest 10-K or some other filing(s)....so if such a letter was sent it would have "contained other possible potential problems". We'll likely never know unless the problems were serious. I'm sure you remember the lengthy delay in posting the correspondence from the media credits debacle. SEC policy generally allows a company to correct their filing, if necessary, before publishing the correspondence, and if it is resolved to their satisfaction it's possible we'll never see it.


Regardless of what triggered it it's still one helluva "WHOOPSIE!". I've never seen one of those filings made three and a half years late before.



ps. Took a quick look and the information in yesterday's filing (7,000,000 shares beneficially owned which then equaled 5.6% of the outstanding) appeared in the 10-K/A filed on April 21, 2015.