Plastic2Oil Inc (PTOI)

[gym gravity]

pak it mumbo jumbo... someday it will be sold.

they get 10,000,000 of JB's shares but likely they will get cash as P2O steamrolls the rust belt.

The Company's Chief Executive Officer, John Bordynuik and the Company have entered into a Pledge Escrow Agreement (the "Pledge"), whereby Mr. Bordynuik has pledged 10,000,000 shares of his holdings in the Company's common stock and the Company has pledged 100% of the issued and outstanding membership units of Pak-It, LLC as collateral for the Notes. In addition, the Notes are secured by security agreements (the "Security Agreements") against (i) the accounts, general intangibles and contract rights; (ii) the inventory; and (iii) the equipment of Pak-It.