Plastic2Oil Inc (PTOI)

[Johnik]

DE-incorporated JBI Inc (Expedite2) is still doing the tape work, as shown in the JBIII 10K/A, (conveniently omitted in the original 10K):

Yes, as a matter of contract, it appears that tape work is still being done by "Data." Based on the highlighted portion below (my emphasis), however, the end result should be the same (i.e., cash flow through to JBI).

As described in Note 7, the Company issued shares of common stock to acquire assets from John Bordynuik, Inc. (“Data”), a company owned partially by the Company’s President and CEO, valued at $342,563. Many of the contracts associated with providing tape reading services are still held in the name of Data, though it is their intent to transfer these contracts during the 2nd quarter of 2010. As such, Data bills customers for the tape reading services, collects the money and remits the funds to the Company. During 2009, $184,000 of revenues related to tape reading was paid to the Company by Data.