Plastic2Oil Inc (PTOI)

[MorningLightMountain]

yeah, illiquid assets are just great......an energy stock I was trading last year (BIG BOARD) had book $500M, a value over the PPS, but still filed a B/K at 3:30 PM on a Friday, very neato...

(I had been out, but my limit to get back in for "cheapies" was filled before I could even react during the freefall)

now they are wiping out all the old common shareholders, and issuing new shares for that equity!!!!!.....so it was meaningless to those who believed in book asset worth of the Co....

good news is, I guess a pink sheet like JBII would not bother to try reissuing new commons if it went B/K, much simpler to wipe old shareholders' stake in any equity via R/S or huge future dilution...

just some things to keep in mind about not having liquid assets, or cash to pay business expenses....

oh, and BTW, if you trust a Co that had the balls to do that $10M media credit stunt, more power to their valuation of current assets in that junkyard of theirs....