Plastic2Oil Inc (PTOI)

[jaxstraw]

Is Bordynuik an 'executive officer'....I thought he was banned for 5 years.....isn't that 'realty and accuracy' ?

Rawnoc Tuesday, April 30, 2013 7:21:06 PM
Re: OverDraught post# 224357
Post # of 224369
I prefer realty and accuracy. $1.27 million of that "compensation" was the 4 or 5 years going forward of stock options with a $1.50 strike price each.

"The amounts reported in this column reflect the fair value on the grant date of the option awards granted to our named executive officers. These values are determined under the principles used to calculate the grant date fair value of equity awards for purposes of our financial statements. The dollar amounts do not necessarily reflect the dollar amounts of compensation actually realized or that may be realized by our named executive officers."

And, no, the IRS doesn't give a shit about GAAP accounting. They have their own system for determing compensation taxes. Option awards aren't taxed until exercised.