Plastic2Oil Inc (PTOI)

[Imperial Whazoo]

The link to the filing:
http://www.sec.gov/Archives/edgar/data/1381105/000121390012007055/f8k121212_jbi.htm

I've started to read it thoroughly, but let me point out one thing that I think protects shareholders:

From paragraph 2, this -

Upon any conversion, a holder of shares of Series B Preferred Stock must convert all shares of Series B Preferred Stock then held by such holder

Now, if they are forced to liwuidate their entire position if they want to convert, it stands to reason they are naturally restrained, by the very structure of the deal, from playing longterm, ongoing dilutive games with the average shareholders.

Its an all or nothing deal if they choose to convert prior to the forced conversion dat of June 30, 2014.

Works for me.

All IMHO, of course & subject to whatever else a thorough read digs up.

Imperial Whazoo