Plastic2Oil Inc (PTOI)

[CHUNKY44]

Perhaps you should read my post again while keeping this in mind;

The Javeco acquisition was valued at $2.5 million, 2.5 million shares were issued by JBII. Value of stock issued = $1 per share.

The Media Credits were valued at $10 million, 1 million shares were issued by JBII. Value of stock issued = $10 per share.

My post from 2/18/10 was pointing out the extremely inconsistent valuation placed on the shares issued for the two transactions that occurred on the exact same day, and my utter disbelief that anyone would try to argue that the accounting treatment was correct.

Absolutely correct Rawnoc. LOL, I wasn't even considering EPS yet, I'm still trying to wrap my head around the gaap theory that allows them to issue 2.5 million shares valued at $1 per share, and 1 million shares valued at almost $10 per share on the very same day. If you can help me out with that one, I'd appreciate it.