Plastic2Oil Inc (PTOI)

[Rev Kilgore Mullet]

This has been covered literally hundreds of times. Bordy's shares were restricted in the amount that could be sold and were also subject to public scrutiny until sometime after he ceased being an officer and CBOD. Bordy still figured out inventive ways of getting value for his shares such as contributing some to charity and as a sign-on bonus to the new CFO for tax benefits. Twenty some million of the thirty some million shares returned to the treasury was a contractual requirement. And let's not forget that he received PFD's in exchange with 100 to 1 voting rights as well as liquidation preferences...a fact that he conveniently forgot to tell the bagholders until years later.

It's a ridiculous argument to represent all of this as having had the shareholders' best interest at heart after the Bordys reaped the benefit of millions out of the pockets of the bagholders.