Plastic2Oil Inc (PTOI)

[jjsmith]

Yes it most certainly did. There was alot of false information that lead to the run up in the share price. The tape business is clearly relevent because the illusion of tape business profits is what allowed the company to raise money. The company claims in the below link to their 10K that the tape business revenue financed Javaco, Pakit, and P2O. Can someone please show me any evidence that this actually occured? The tape business was a huge money loser. How could it have financed these multi-million dollar purchases? Didn't the company state in later 10Q's that PIPE offerings paid for Javavo, Pakit and P2O? Credibility is important for penny stocks and they appear to be lacking it big time. Will this claim be the one that brings them down? Stay tuned..

"Our tape business revenue was used to finance the acquisitions of Javaco, Pak-It, and design, acquire and build Plastic2Oil equipment. We have also scaled up the tape business and purchased the Plastic2Oil (10 MT) hardware and analytical instrumentation."
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003274/f10q0909_jbi.htm

So this false information might have had something to do with the stock price going up to $7/share?? Do know anyone who might have profited this way??
How it it relevant????? Really????

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I fail to see how any of that year old data is relevant. And everybody that invested back then had a chance to realize massive gains, since the stock actually went to $7.....remember?........z
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