Replies to post #271045 on Plastic2Oil Inc (PTOI)

[ThePennyGuru]

So "snake oil salesmen" put $200k of their own money to keep the company operating?

In June and July, 2014, the Company’s Chief Executive Officer made seven individual loans to the Company totaling $156,275 to be used for working capital purposes.

In June and July, 2014, the Company’s Chief Technology Officer John Bordynuik made payments in behalf of the Company totaling $15,750 for critical operating services.

In March 2013, the Company’s Chief of Technology, as personal guarantor of a capital lease from Roynat Lease Finance, paid the outstanding obligation in the amount of $19,928 and assumed the lease.