Plastic2Oil Inc (PTOI)

[greenhornet]

Cuban had offers to settle from the SEC but told them no. I would estimate that his defense cost somewhere between five and ten million dollars. To him, that is a rounding error -- a meaningless sum of money. Not many people (or companies) are in that financial position. As today's Wall Street Journal notes (p.A14), rather than spend the money to fight the SEC, "Most people pay the fines and move on." JBI clearly was not in the same financial positon as Mark Cuban. Thus, they did what most people do.

It is easy to judge the SEC's case against Cuban in hindsight, after a verdict. But you have no better ability to judge the strength of the case against JBI than the rest of us -- there is often a huge difference between the claims made in pleadings and what the real "evidence" will turn out to show. For you to profess to somehow be able to "predict" the outcome of a trial is absurd.