"wouldn't selling a business be a material event"
Most would be, but not this very special Data Business.
They wrote all the assets off in 2012 p.F-28) saying that they weren't sure when they would next be used to generate revenue (at some point one would have expected them to be equally uncertain about the P2O assets, but noooooo), so one would expect that they could count whatever they got for the DB assets as pure gain, but noooooo:
"On March 2, 2018 the Data Business was sold to 2335524Ontario Inc. for $10,500. This was a cashless transaction as the sale proceeds will be used to offset Plastic2Oil outstanding payables to 2335524Ontario Inc.2335524 Ontario Inc. is a business owned by Mr. John Bordynuik, former employee, significant stockholder and founder of Plastic2Oil Inc."
Garage sale...just take the stuff.
This, on the other hand, might have been reportable:
"On February 16, 2018, the Company received a secured short term demand loan from Mr. Jason C. Aspin in the amount of CAD$100,000. Mr. Aspin is a director of the company. The funds are to be used towards ongoing operating expenses."
ESPECIALLY since he's a Director, which the text doesn't seem to mention.
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