Replies to post #301517 on Plastic2Oil Inc (PTOI)

[buenokite]

We were told repeatedly by the company that the data business was a monopoly. A monopoly in a multi-billion dollar industry!!!! Who the hell sells that kind of monopoly for $10,500 in a hokey cashless transaction? I mean seriously.

Either the company executives are liars or they are morons. Which do you pick? Now that I think about it, the two options are probably not mutually exclusive.

[fourkids_9pets]

well since the *agreement* was with the company's founder .. it makes total sense to sell it .. since P2O's founder currently isn't an employee or a director of P2O .. and let's not forget the *wording* ..

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.

hmmm

4kids

[fourkids_9pets]

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.

page F-29 (Note 17 .. Subsequent Events)

https://www.sec.gov/Archives/edgar/data/1381105/000149315218004552/form10-k.htm

4kids