You can say "P2O's founder remains a significant shareholder" a million times, highlighting the phrase (with or without colors) and without some context it is meaningless. And for you to use as support for ANY statement that it "was so aptly noted by P2O" or that it could be verified by the readily accessible founder himself is laughable. There's a reason that those entities have been "permanently enjoined from violating Section 17(a) of the Securities Act of 1933 ("Securities Act") and Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B) and 13(b)(5) of the Securities Exchange Act of 1934 ("Exchange Act") and Rules 10b-5, 12b-20, 13a-1, 13a-11, and 13a-13 thereunder." They lied.
You don''t think Bordynuik lied to the Welland Court in 2013 in addition to lying to the JBI investors, do you?
416 Q. How many shares have you sold?
A. For consideration?
417 Q. Yes.
A. 850,000.
418 Q. In the market?
A. Yes.
419 Q. And you have 3.2 remaining?
A. No, I didn't say that. 3.4.
420 Q. 3.4 million shares?
A. Yes.
850,000 shares was a significant number of shares to sell, wasn't it?
Here is what Nancy Fischer, the author of the Buffalo News article that reported on her interview with Bordynuik in August of 2016, told me when I asked her about what she wrote:
"I just asked him if he had been in business before in Niagara Falls in Plastics2Oil and he said he sold his shares in 2012 and got into this new business which he found to be more lucrative."
That was her response after I pressed her on the issue twice. I can think of no reason for HER to lie and the answer to "Would you believe a total stranger before you believed John Bordynuik?" would get the same answer from me as I expect that it would from 9 out of 10 people asked...."Damn right I would, only a fool wouldn't".
If there's some point in declaring that "P2O's founder remains a significant shareholder" it's lost on me. Even if it was true it would say nothing at all about the prospects of this Company, about which he has been wrong for a decade......if he, in fact, is still holding a "significant" number of shares.
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