Replies to post #301526 on Plastic2Oil Inc (PTOI)

[sburlria]

nobody cares if bordy and dick hed team up or not... this fraud has pretty much played out, but there are plenty of others! :D
Referral to *others* that may or may not have invested here never count.. Unsubstantiated stories offer zero intrigue when deciding whether to buy or sell a security.

[loanranger]

"it is crystal clear that the company's founder remains *involved* (besides being one of the company's largest shareholders) with P2O"

Not to me it isn't (actually neither assertion is). He bought the DATA BUSINESS. How does that result in his remaining involved with P2O....the plastic-to-oil business?

We don't know what he got for the $10,500 receivable that he wrote off. Was that the fair value of the business (assets, customer list, goodwill?)? Or did he get the Special Flounder's Discount, once again with the trimmings being swallowed by the shareholders? I sure hope the deal didn't include any of the magnetic tape stash that holds the answers to the mysteries of the universe (if you read them VERY slowly and carefully). The standard is the price that the "asset" would fetch on the open market, but we don't even know the composition of the asset.

His interminable fleecing of the company's battered shareholders, some of whom earned the drubbing, may be the extent of his ongoing involvement.

[buenokite]

"what i find amusing is the shattering of fake *news* .. it is crystal clear that the company's founder remains *involved* (besides being one of the company's largest shareholders) with P2O .. which is why so many original investors remain *invested* to this day .."

This is a perfect example of the kind of logic that leads to big losses on scam stocks. Unless of course this logic is being dispensed for compensation.