Plastic2Oil Inc (PTOI)

[Ranb2khz]

The CEO's response...

John Bordynuik:

"That is correct. The common stock issued is reduced so that should have a positive effect on the share price.. and after a quarter or two of earnings and get us off this exchange.

When the P2O is scaling, we may very well need to acquire a bunch of recycling factories. I only have so much stock to return to the treasury so at some point I won't ... See Morebe able to. In the short term this was done to maintain control. Way down the road this stock would be used for large acquisitions but there is no way I want to do anymore at $1 or so per share. And as well, I do not want to dilute myself or the shareholders so if a large acquisition did come along it would have to be as valuable as the shares issued for its purchase, and enhance the value of the company so not to affect the value of the company. It's a tricky balance. My own wealth is greatly affected by the performance of this company so I do not want to do anything that would cause the stock to collapse - any ill conceived dilution would certainly kill the company."

November 10 at 12:54am