Plastic2Oil Inc (PTOI)

[Rawnoc]

Dead wrong -- this is a civil lawsuit so in order to sue for "illgotten gains" they have to prove those "gains" were "illgotten" on the basis of something. Sure, there can be an SEC fine of something (maybe a couple of hundred thousand) but not an entire private placement.

Here's the first random example I found via Google of a "private placement" fraud allegation from the SEC. $2.9 million private placement -- company agreed to give back $242,339 including interest or less than 10% of it:

http://sec.gov/litigation/litreleases/2011/lr21808.htm

And if you read the case -- that's REAL fraud. Not a single line accounting error from 3 years ago. The entire private placement was accused of being a represented fraud.

The notion that JBII will have a fine as big as Xerox, which had years of severe earnings accounting fraud, is just laughable.