Plastic2Oil Inc (PTOI)

[Estimated_Prophet]

John's preferred shares:

What more information are you looking for than this?

From the 10K:

Preferred Stock

We are authorized to issue 5,000,000 shares of preferred stock, $.001 par value per share. As of the date hereof, 1,000,000 Series A Super Voting Preferred Shares are issued and outstanding. Holders of the Series A Super Voting Preferred Shares have one hundred (100) times the number of votes that holders of common stock are entitled to on all matters submitted to shareholders for their action or consideration.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7160201

From same link:

"Since April 2009, Mr. Bordynuik has returned 31 million shares of his personal stock to the Company. The Company issued Mr. Bordynuik 1 million shares of preferred stock with no conversion, no dividend rights but with 100 to 1 voting rights (as compared to common stock)."


The preferreds give full control of the company but with NO financial rights whatsoever. No dividends, no conversion.....NOTHING!