Plastic2Oil Inc (PTOI)

[loanranger]

"I believe that if the BoD is not seated with "qualified" candidates, and as a result the Investor Group gets control of JB's pref shares, there is every likelihood that ordinary shareholders could lose everything."


See if re-reading the following, along with the Sections it refers to, doesn't change that belief. I believe that it will.:
"17. Each Investor that acquires Preferred Stock in accordance with Section 13 agrees that such Investor shall vote such Preferred Stock in accordance with Sections 4, 5, 6, 7, 8, 9 and 10 and shall otherwise comply with provisions thereof as a holder of any shares of Preferred Stock. The Investors agree that the Company is an intended third-party beneficiary of this Section 17 with the right to enforce its terms directly against the Investors and their successors and permitted assigns, including without limitation, through specific enforcement as provided in Section 21 hereof."
http://www.sec.gov/Archives/edgar/data/1381105/000121390012002994/sc13d0512a1corrbordy_jbi.htm