Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #299321 on Plastic2Oil Inc (PTOI)
fourkids_9pets
05/16/17 5:39 AM
#299387 RE: fourkids_9pets #299321
05/30/17 6:10 PM
#299558 RE: fourkids_9pets #299321
News News Alert: Current Report Filing (8-k) 05/30/2017 09:18:58 AM
Item 8.01 Other Events. As previously reported, Plastic2Oil, Inc. (the “Company”) is party to a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of the Company’s plastic-to-oil processors. On May 24, 2017, the parties agreed to extend the term of the MOU until July 24, 2017, as the parties need additional time to negotiate and finalize a definitive agreement and to address zoning and permitting at the proposed site. The MOU was extended on three prior occasions. There can be no assurance that a definitive agreement will be executed prior to expiration of the extended term of the MOU.