Plastic2Oil Inc (PTOI)

[Toxic Avenger]

Too funny. It shows a realization that the SEC had a solid case and there was no choice but to give up his director and officer positions.

It had nothing to do with bringing a new senior manager in. That is often done with the founder remaining as COB at least, if not CEO, while the new person becomes president.

In JB's case, though even a demotion to CTO would have been a major step down, he couldn't even be seen as a relatively minor C level officer. Hence "Chief of Technology".