Plastic2Oil Inc (PTOI)

[scion]

This part is never discussed:

The first representation of the Asset Purchase Agreement between JB and himself in July 2009:

"FOOTNOTE 1 – THE PURCHASE AGREEMENT

On June 25, 2009 310, Inc. (the Company) entered into an agreement with John Bordynuik, Inc. to purchase property whereby the Company issued 809,593 common shares which represents a value of $931,032. The schedule of property value holds its historical cost less the accumulated depreciation as this value is not materially different that its fair market value."

http://www.sec.gov/Archives/edgar/data/1381105/000121390009001773/f8k062509a1ex99i_310.htm


Corrected in the amended 10Q/A filed this week:

On June 25, 2009, the Company entered into an asset purchase agreement (the "Agreement") to purchase certain assets of John Bordynuik, Inc., a Delaware corporation ("Data"). Under the terms of the Agreement, the Company issued 809,593 shares of common stock, par value $0.001 per share, in consideration for the assets of Data. The acquisition was treated as a transaction between entities under common control, and accordingly the assets were recorded at their historical carrying values totaling $358,931. The closing of the agreement occurred on July 15, 2009.

http://www.sec.gov/Archives/edgar/data/1381105/000121390010004885/f10q0909a1_jbi.htm