Plastic2Oil Inc (PTOI)

[dreaminbig]

Thanks for clarifying about your conference call with the SEC. I followed your link showing your conversation with the SEC and followed the converstation. I wonder if you still believe in what you posted in post #103 and how it does/does not relate to JBI? Thoughts?


Rawnoc Member Profile Rawnoc Member Level
Share Wednesday, February 11, 2004 10:43:54 PM
Re: TXInvestor post# 103 Post # of 379

"Another type of news to be wary of is any indication of fraud or misstatement of financial reports. Usually the first news release indicating that fraud has been found at the company will give few details and will downplay the significance of the event. Often, the initial indication of fraud is only the tip of the iceberg, and frequently the company will be forced into Chapter 11 to straighten out its problems. In recent years, this has happened to a number of companies that seemed to have fairly strong franchises including Regina (vacuum cleaners), Miniscribe (computer disk drives) and Crazy Eddie (consumer electronics stores). In each of these cases the common stock became virtually worthless."