Replies to post #276355 on Plastic2Oil Inc (PTOI)

[ThePennyGuru]

I know exactly what seating a board on PTOI means. Especially the number of 5 board members. Having been through a Company uplisting out of the cesspool know as the OTC, 5 is a wonderful number.

[Sleepy2016]

[EDIT]

Philip J. Bradley, age 60, has served as a director of our company since August 14, 2013."
...
The Company’s Board of Directors currently consists of two authorized directors. A total of two directors will be elected at the Annual Meeting to serve until the next annual stockholder meeting.

https://www.sec.gov/Archives/edgar/data/1381105/000121390013005908/def14a1013_jbiinc.htm


Wouldn't his term have expired by now without a shareholder vote?

After reading the Nominating Committee Charter the whole company is screwed. They can't appoint a new member without a nominating committee and they have no current BoD member qualified to be on the nominating committee:




http://www.plastic2oil.com/files/NominatingCommitteeCharter.pdf

[tykundegex]

Yeah, their website is super up-to-date:

What are the Company's plans for growth?

The Company’s near-term growth plans include continued build-out of the Niagara Falls, NY facility, as well as the first RockTenn site.