Plastic2Oil Inc (PTOI)

[Ryoko]

The problem is that Johny boy is holding the majority of the votes. A proxy fight wouldn't do any good even if every single shareholder decided to get on board a proxy battle

There's plenty of circumstantial evidence to conclude Johny's primary interest is looting the company at shareholder's expense. It's going to take some sort of legal/court action to get a proper BOD installed with independent members looking out for shareholder interests. However, it's pretty clear that Johny will stonewall, foot drag, and fight tooth and nail to prevent the kind of oversight an independent board would impose.

I've been saying it for close to 2 years now: John has to go. Not just a change in title. He has to be completely out of the company's management and power structure. And that includes stripping him of all voting rights. John is a cancer on JBII and needs to be excised.