Plastic2Oil Inc (PTOI)

[Rawnoc]

Very well put. Furthermore it wasn't the VALUE that was even wrong. It was the accounting method of recording the purchase -- forward merger cost accounting instead of reverse merger accounting into a shell (which is strange, because it kind of WAS a shell but whatever)

But, yeah, good luck having anybody say with a straight face "I invested because of the accounting method chosen to record the media credits" LOL, yeah right

Ryoko Tuesday, September 27, 2011 6:57:51 PM
Re: buenokite post# 135676 Post # of 135680

Nice try, but the company didn't say it was unreliable. The unreliability, as you know, referred to the 10K report and was limited to one line item. The unreliable information was given to JBI by Domark and signed off by their independent auditor. If you want to blame someone, blame Domark and the auditor. JBI corrected the error and did the paper work just as they were supposed to do. The lawsuit has no chance of proving an attempt to defraud.