Plastic2Oil Inc (PTOI)

[Johnik]

Thank you for the clarification. The SEC does appear to be calling the media credits worthless in those excerpts you quoted. What I had recalled was the SEC stating that the initial value of the media credits was $1M, but they should have been written off in the same quarter as acquisition due to their unreliable future benefit. For example, the SEC wrote, in paragraph 18:

(T)he $1,000,000 in consideration paid by JBI for the media credits in its August 24, 2009 transaction with Domark was both a reliable basis for valuing the media credits and a correct reflection of the perceived value of the media credits at the time of the transaction.

Elsewhere the SEC said that the media credits were overvalued by "almost 1,000%", i.e., at $9,997,134, rather than $1,000,000.

It is clear, however, that the SEC doubted the economic benefit of the media credits to JBI, and thus their worth.

BTW: your sarcastic remarks do little to further the discussion.