Plastic2Oil Inc (PTOI)

[99leadballoons]

Actually we may see a large bump up in acquisiton assets.

There were debt to pipe conversion shares in connection with the PAK-IT acqusition. If they used .80 as the purchase price it would be wrong under new 2009 GAAP rules. The purchase price would be much higher resulting in an increase in goodwill, an intangible asset that nobody gives a shit about, but it may get raised anyway. Also there was no goodwill recorded for the tape business. Add another $1 million or so in goodwill.

Did we see a bump of 1 million to good will?

Hmmmm.... My math(which is of course actual real math) says no.

Cash decreased too fyi.

Did I read they lost over 2 million?