Replies to post #281757 on Plastic2Oil Inc (PTOI)

[fourkids_9pets]

I filed claims, that's how it worked and I am laughing out loud.

ditto

waiting on threshold to be triggered on PTOI for the third time since a pubco (2009)

the sh*ts have squat .. and the SEC (aka dolts) are a flat out disgrace
when it comes to what is done against all legit OTC co.s .. which is why *change* will
indeed come to pass >> imo P2O will not only survive the OTC cesspool but thrive
out of it ;)

sorry to say .. others (legit OTCs) may not be so fortunate

now let's see if known legit bids @ 075 get bypassed again today ;)

4kids
all jmo

[Sleepy2016]

It wasn't just the media credits. They kinda explain that in the Q3 2009 10Q/A that they restated a full year later after recieving the Wells Notice:

The Company has restated its previously issued consolidated financial statements for the period ending September 30, 2009 for matters related to the following previously reported items: (1) the original accounting for the acquisitions of Javaco and Pak-It, which was improperly recorded as a reverse merger, whereby pre-acquisition operations of the acquired entities were erroneously reflected in the operations as originally reported, and (2) the valuation and subsequent impairment of media credits. The accompanying financial statements for the quarter ending September 30, 2009 have been restated to reflect the corrections. The effect of this restatement to the financial statements is a decrease in total assets of approximately $13,187,000, an increase in net loss for the nine months ended September 30, 2009, of approximately $1,110,000 and a decrease in equity of $10,343,000.

https://www.sec.gov/Archives/edgar/data/1381105/000121390010004885/f10q0909a1_jbi.htm

There is no question that Bordynuik began this whole enterprise with fraud in mind. Everything they did for the first year was all phony hype to artificially inflate the stock price to enrich certain people.

[jobynimble]

It was a contrived, trumped up case from the beginning.

Bordynuik was warned by professionals NOT to book the media credits by inflating the value but he decided to do it anyway. How is that the SEC's or anyone elses fault but his own?

[Risicare]

It was a contrived, trumped up case from the beginning.

Oh yeah, it was so bad that it was used as an example in a book on financial fraud..... The fact is that it was blatant fraud and that is why the SEC nailed the scammer for securities and accounting fraud. There are other examples that could yield further SEC litigation at any time..... The failure to disclose the shutdown of the company for 6 months and the PR and filings that say completely different things as to the processors being fixed are both actions anyone could sue these sleazy con men for.