Replies to post #270897 on Plastic2Oil Inc (PTOI)

[jobynimble]

Resets are possible, who'da thunk?

[xxxxcslewis]

So it looks like it will take 16 to 17 months or so to sell the entire three million unrestricted shares issued in the settlement.

Currently the 90 day average volume is less than 80,000 shares per day, so I assume that means a ballpark sale of no more than 8,000 shares per day(10%) for now, with an additional restriction of no more than 12,500 shares per day should 90 day average volume exceed 125,000 per day. So I guess the shares are a bit restricted.

If a spike in share price should occur as a consequence of the sale of a processor, (or ten) in the next year or so, it appears the settlement fund could become quite large. Especially if the mythical massive naked short position is a reality, rather than just a myth.

Some people believe the naked short position could be as much as the total shares outstanding. I have read that that sort of thing has happened before. I don't know if a naked short position exists or not, but things do look a bit odd to me. I anticipate others will confidently proclaim there is no naked short position. Everyone can draw their own conclusions.

This is my only post for today.