Plastic2Oil Inc (PTOI)

[dreaminbig]

I didn't know that about Canadian securities. OK, he only got a dollar since it's too late to do anything about it? It that the point?



You got a link proving that he got one red cent other than his salary?

Me neither.

As for whatever baseless conspiracy du jour that happened in 2008 in Canada, that 3 year statute of limitations in Ontario sure is a bitch.

"In Ontario, as in all provinces, an investor seeking to commence such an action must have leave of the Court to proceed with claims brought under the secondary market misrepresentation provisions (Part XXIII.1) of the Ontario Securities Act. A specific provision in the Act states that no action under Part XXIII.1 may be commenced more than three years after the misrepresentations at issue."

www.canadianappeals.com/2012/03/01/ontario-court-of-appeal-puts-a-strict-time-limit-on-secondary-market-misrepresentation-class-action

"The plaintiff in Sharma has not yet been granted leave to commence an action in respect of misrepresentations allegedly made in 2008. As a result of the Court of Appeal’s decision, the plaintiff's OSA claim is statute-barred."

http://www.torys.com/Publications/Pages/LDR2012-1_Ontario_Court_of_Appeal_Decision_Restricts_Securities_Class_Actions.aspx