Plastic2Oil Inc (PTOI)

[the big guy]

This??

"
We have also decreased any type of spending that is not relevant to our goal of making fuel. This includes a significant curtailment of any spending related to facility upgrades or improvements to the property and buildings here in Niagara Falls.



Although SG&A costs were approximately $2.73M during the third quarter of 2013, a portion of this expense, approximately $1M, was related to non-cash stock-based compensation charges for employees, and also the one-time immediate vesting of options of prior executives. Additionally, costs related to severances paid in cash were approximately $180k. We are continuously working to keep spending at a minimum, and believe we are executing in that regard successfully."

Not much of a breakout. If I were an investor I would not be happy with that. 1 Million of compensation for employees? Sounds like a stock-selling scam to me. What kind of employees? Related to production? Not? Why? What were they doing? Pretty weak.

And this has gone on for 4 years. Sounds like a stock-selling scam where these "employees" are being given stock to sell on the open market. This is no explanation of massive overspending on non-product-related cost.