volume for PTOI in 2010 ran approx 20M (PPS however was $4 to $5 into May with the *short* fully in place b4 first hit piece authored and CSTI imported to aid and abet NN <July 2010> .. leaving the balance of the pps avg from approx 1.00 to .70) btw IO re: 3rd Q filing in 2010 was
in 2015 .. with an IO of less than 125M shares .. PTOI had approx 20M in volume thru EO Nov 2015 .. with a avg pps price of sub 10c .. add in *volume* from Dec 2015 (90% wash traded) and the rough count for *volume* for 2015 ~ 22,200,000 (waiting on what is *reported* for the month of Dec 2015 to Finra for the final tally)
20,000,000 volume divided by 12 mos = 1,666,666 x 4 mos = 6,666,666
4 mos ~ $4.00 x 6,666,666 = $26,666,664.00 4 mos ~ $1.00 x 6,666,666 = $6,666,666.00 4 mos ~ $0.70 x 6,666,666 = $4,666,666.00
Total $ amount for 2010 for PTOI approx = $38,000,000.00 and here's what 2015's *volume* and PPS re: PTOI reveal
2015 ~ and i'm being *generous on the PPS avgs*
22,200,000 volume divided by 12 mos = 1,850,000 x 4 mos = 7,400,000
4 mos ~ .08 x 7,400,000 = $592,000.00 4 mos ~ .06 x 7,400,000 = $444,000.00 4 mos ~ .04 x 7,400,000 = $296,000.00
Total $ amount for 2015 for PTOI approx = $1,332,000.00
so approx $38M vs $1.3M .. hmmmmm
do the math folks on just how big that *abusive* short hole is re: PTOI
few recognize just how big an asset it becomes for *targeted* OTC co.s that actually survive
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As i've noted numerous times .. the abusive short in play in PTOI since late 2009/early 2010 .. *has grown* due to basic facts pertaining to original PIPE investors who initially (up thru 2012) had never deposited certs with any *broker dealer* firm
reminder they all collude .. firms will loan out *shares* .. even if it is only for a few minutes because they are rarely caught and they will always make bank (money)
we just got to see CANTOR's little indiscretions noted by Finra mere days ago CANTOR = CANT
see link and article below ~
all P2O investors are fully aware of when CANTOR's (CANT) *interest* in PTOI kicked in .. ;)
for any new eyes (2012) .. how telling the time line *aligns* .. ;)
and if *various colluding entities* (which actually overlap specific time lines re: PTOI) had *won* (i.e. actually got actual P2O investors to sell LEGIT PTOI shares) PTOI's *volume* would be running about 500,000 daily in 2015 .. instead up until i pointed it out .. 2 months ago .. PTOI was actually running *volume below* what was the lowest *volume* traded on PTOI ~ bingo .. that would be 2010
always interesting to see the levels this FILTH sinks to ~
colluding entities' wash trade (which they did for almost all of Dec 2015) or can access a cert or shares of significance .. as was done last Dec 2014 (even tho'said cert didn't become unrestricted till mid June 2015) but this is never *retail* .. and all who understand how the rigged game works .. knows full well .. entities' will target until forced otherwise
so as P2O enters 2016 .. it will be very interesting to see what exactly disrupts the FILTHs' status quo .. to say nothing of what P2O does to disrupt the status quo
FINRA Sanctions Cantor Fitzgerald & Co. $7.3 Million for Selling Billions of Unregistered Microcap Shares, and for Related Supervisory and AML Violations Trader and Supervisor Suspended and Fined Business Wire Financial Industry Regulatory Authority (FINRA) December 21, 2015 10:00 AM
WASHINGTON--(BUSINESS WIRE)--
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Cantor Fitzgerald & Co. $6 million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of unregistered microcap shares in violation of federal law. Cantor Fitzgerald was also sanctioned for failing to have adequate supervisory or anti-money laundering (AML) programs tailored to detect “red flags” or suspicious activity connected to its microcap activity. In addition, two of the firm’s business executives were suspended and fined: Jarred Kessler, Executive Managing Director of Equity Capital Markets during the relevant period, was suspended for three months in a principal capacity and fined $35,000 for supervisory failures; and equity trader Joseph Ludovico was suspended in all capacities for two months and fined $25,000.
FINRA found that Cantor Fitzgerald’s supervisory system was not reasonably designed to satisfy the firm’s affirmative obligation to determine whether the microcap securities that it was liquidating for clients were registered with the Securities and Exchange Commission or subject to an exemption from registration. While Cantor Fitzgerald made a business decision to expand its microcap liquidation business in March 2011, it failed to ensure that its supervisory system included a reasonable and meaningful inquiry into whether these sales were lawful. Among Cantor Fitzgerald’s failings were insufficient guidance and inadequate training about when or how to inquire into whether a sale was exempt, and inadequate tools for supervisors to identify red flags associated with illegal, unregistered distributions. As a result of these failures, Cantor Fitzgerald and Ludovico, as the broker of record, sold billions of shares of thinly traded microcap securities between March 2011 and September 2012 without adequate review and due diligence, a significant portion of which were neither registered nor exempt from registration. These violations were accompanied by a failure to implement an adequate AML program tailored to detect red flags and patterns of potentially suspicious money laundering activity related to these sales.
Kessler, a former senior supervisor of Cantor Fitzgerald’s equities business, failed to respond adequately to a number of red flags indicating the firm’s existing supervisory system was insufficient to support the expansion of Cantor’s microcap liquidation business. In particular, Kessler knew that the expanding microcap business posed unique challenges and was generating an increasing number of regulatory inquiries, but nonetheless delegated his supervisory responsibilities to a central review group without taking sufficient steps to investigate the adequacy of their efforts.
Brad Bennett, FINRA’s Executive Vice President and Chief of Enforcement, said, “If a broker-dealer is looking to increase its revenues by expanding a high-risk business line, the firm and its supervisors must tailor their supervision to the risks associated with those businesses. This is especially true when the new business involves the mass liquidation of microcap securities, which presents overwhelming risks of fraud and investor harm. FINRA has no tolerance for firms and business executives who choose to engage in this business without robust systems designed to ensure that they do not become participants in illegal, unregistered distributions.”
In settling this matter, the respondents neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
Investors can obtain more information about, and the disciplinary record of, any FINRA-registered broker or brokerage firm by using FINRA’s BrokerCheck. FINRA makes BrokerCheck available at no charge. In 2014, members of the public used this service to conduct 18.9 million reviews of broker or firm records. Investors can access BrokerCheck at www.finra.org/brokercheck or by calling (800) 289-9999. Investors may find copies of this disciplinary action as well as other disciplinary documents in FINRA’s Disciplinary Actions Online database. Investors can also call FINRA's Securities Helpline for Seniors at (844) 57-HELPS for assistance or to raise concerns about issues they have with their brokerage accounts and investments.
FINRA, the Financial Industry Regulatory Authority, is the largest independent regulator for all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. FINRA touches virtually every aspect of the securities business — from registering and educating all industry participants to examining securities firms, writing rules, enforcing those rules and the federal securities laws, and informing and educating the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers the largest dispute resolution forum for investors and firms. For more information, please visit www.finra.org.
Volume 111,750 Volume (10 day Average) 86,642 Volume (90 day Average) 86,134
note to self: PTOI last *liquid* in the entities' *set up* of 2011 note to self: PTOI *reported* stats totally perverted since 2011/2012 note to self: PTOI *turned* in total in Sept 2012 with one exception specific to the last orchestration (days) of Jan 2013 when Sam May et al *sold* mere days b4 dolt's (SEC) settlement .. ;) note to self: P2O (the company) wrested back from shades of FILTH in August 2013 by RH and JB note to self: no honeymoon for RH or P2O via PTOI .. from mid August 2013 to EOY 2015 note to self: 2015's Yearly Volume <mostly> *wash traded volume* is the 2nd lowest for PTOI as a pubco next to 2010's *lowest* ~ note the EOY *avgs* above (2010/2015) .. ;) (2009 not in play due to an April *start*)
all this with an IO of less than 125M (April 2009 - Dec 2015) .. a CEO who has infused Millions and a disruptive tech that has evolved from 2009's table top model ~ http://www.plastic2oil.com/site/evolution