Plastic2Oil Inc (PTOI)

[Johnik]

In case you missed this, I was hoping for your opinion:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71390817

I assume you are referring to this:

Given the above, which of the following conclusions do you believe applies to the company CEO?
1. On 8/24/09 whatever due diligence that his fiduciary duty as CEO required prior to signing the agreement letter was woefully inadequate, irresponsible and incompetent in that it should have resulted in his awareness that the "media credits had no value" and failed to do so.
or
2. On 8/24/09 he was fully aware that the "media credits had no value", executing the letter agreement by which they were acquired, and allowing or causing their inclusion as a Current Asset valued at $9,997,134 in the records of the corporation despite that awareness.

If you believe that any conclusion other than one of the above can be drawn regarding Mr. Bordynuik's state of mind on 8/24/09 based on what was known then or what has become known since please share that conclusion.

I don't understand #1 above. It is incredibly confusing, and is not a sentence.

RE #2: This is also a confusing "sentence," but at least I think I can understand it. No, I do not think the CEO believed the media credits had no value as of 8/24/09. Why would the CEO exchange on million shares of stock for an asset that he thought had no value? That doesn't make any sense.

For future reference, if you want me to respond to something, either send me a PM or post it in response to one of my posts. At present, I only read a handful of posts on this board at a time.