Plastic2Oil Inc (PTOI)

[loanranger]

John Bordynuik signed his consent to the settlement in the SEC case on 11/5/12 wherein he accepted a five year director/officer ban. That fact didn't become public information until 1/23/13.

During the intervening period the company issued 2,300,000 Preferred shares, convertible into 16,100,000 common shares, for $8,050,000. At least a million of those preferred shares were sold to 6 participants in the "group" created by the letter agreement made with Bordynuik, which required him to give up the positions he then held in the pipe held in May of 2012.

Were any or all of the participants in the Preferred offering aware of the non-public information that Bordynuik had agreed not to serve as an Officer or Director of any issuer for 5 years? Were they entitled to be provided with that information prior to making their investments?