Plastic2Oil Inc (PTOI)

[BigBake1]

Well unfortunately belief results in high failure rates, critical thinking however delivers the best results. The point of the matter is that there exists actual public documents that one can use to support a conclusion and produce real world logical conclusions. The SEC and FINRA have both gone through great pains to provide such documents for public consumption so to allow one to make an informed decision. JBII has no actual issues as supported by both the SEC and FINRA currently and their reports on such matters involving the potential for Abusive NSS, that is a fact that is supported by actual documents.

However I have yet to see a document that supports the belief of Abusive NSS in JBII. Conspiracy may have history behind it, but correlation does not result in bettering conclusion, many things can correlate and yet have absolutely anything to do with the other. Simply put the regulatory agencies have provided public information on the balance and reconciliation of trades to the public and yet that information is ignored as opposed to being used in producing better results. Not sure why such dependence is placed on the Daily Reg SHO for example and yet when it comes to the Bi Monthly Short Interest Report or the FTD report they are not relevant to forming an informed opinion based upon actual facts.

Worse yet is how the information from the Daily Reg SHO is misused and often incorrectly cited as proof of abusive naked short sales. Fact is JBII is not under short position attack either as per Bi Monthly Short Interest reporting. But what is often ignored is the fact that trades have trade plus 3 day settlement period in which to reconcile the trade. Unfortunately the Daily Reg SHO is only a snapshot of the INITIAL leg of a multiple leg trade transaction. FINRA does not provide a report at the end of the day showing covering and reconciliation of those initial legs and why should they since the trade has 3 days to be covered and reconciled if need be.

But one can easily place confidence in the SEC and their findings that here on the OTC using it’s entirely electronic trading process from trade inception to clearing and settlement achieves a 98% settlement rate on the same day of trade inception. Not sure why such facts are ignored while opinions are formulated on nothing at all.