Plastic2Oil Inc (PTOI)

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Blame the Virus!

Of course they did. Never mind the fact they instituted Social Distancing over 6 years ago after they blew the whole thing up.

Plastic2Oil, Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the period ended December 31, 2019 within the prescribed time period due to staffing limitations and unanticipated delays as a result of unanticipated delays due to the COVID-19 (Novel Coronavirus). Accordingly, the Company is unable to file such report within the prescribed time period without unreasonable effort or expense. The Company is seeking to file its Annual Report within the extension period provided under Rule 12b-25, however, due to the delay in the start of the auditor review, there can be no assurance that the Company will be successful in filing prior to the expiration of the extension period. The Company has filed a Form 8-K under the SEC’s March 4, 2020 Order (Release No. 34-88318) (the “Order”), which allows for the delay of certain filings required under the Securities and Exchange Act of 1034, as amended. The Order allows for a delay up to 45 days of the Company’s filing of its annual report on Form 10-K.