Plastic2Oil Inc (PTOI)

[dreaminbig]

They filed an SEC 10Q and a 10K. Not a proforma The issue with your argument is that JBI filed a tangible asset at 10 million dollars. Twice. Knowingly. It wasn't a proforma.

And then restated it after they raised over 8 million dollars. Not on a proforma. On SEC filings. BIG DIFFERENCE.

But who doesn't make their pro formas as juicy as possible now days? I think the real question is what is someone's motive
for actually filing a complaint with the SEC... If someone thought P2O was a scam that didn't work, I feel like we'd see a different type of complaint.

Investopedia explains 'Pro Forma'
Pro forma financial statements could be designed to reflect a proposed change, such as a merger or acquisition, or to emphasize certain figures when a company issues an earnings announcement to the public.

Investors should be careful when reading a company's pro-forma financial statements, as the figures may not comply with generally accepted accounting principles (GAAP). In some cases, the pro-forma figures may differ greatly from the those derived from GAAP.

Read more: http://www.investopedia.com/terms/p/proforma.asp#ixzz1sXGZh8ui