Replies to post #26352 on Plastic2Oil Inc (PTOI)

[Zardiw]

Wrong. Final deal was on November 22:

On November 22, 2009, in a Cancellation of Claims, Disbursements & Irrevocable
Instructions by and between the Company and R. Thomas Kidd, the parties agreed
as follows:

* Upon closing of any settlement agreement between the Company and
Victory Lane Financial Elite, et al, the Company shall pay to R.
Thomas Kidd the sum of $192,500 in cash if cash is received, or at

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minimum, $42,500 in cash and an assignment of a third party promissory
note in the minimum amount of $150,000 executed by all Victory Lane
Financial Elite, et al in favor of the Company on terms acceptable to
KIDD provided that R. Thomas Kidd will cancel the promissory note
executed by the Company in favor of R. Thomas Kidd in the amount of
$192,500 and return the original promissory note to the Company;

* In the event of no settlement agreement between the Company and
Victory Lane Financial Elite, et al, R. Thomas Kidd agree to accept
and the Company agrees to pay R. Thomas Kidd the sum of $192,500 from
the first proceeds of any award or judgment obtained as a result of
the prosecution of the litigation and arbitration actions against the
Victory Lane Financial Elite, et al;

* R. Thomas Kidd canceled the Assignment of Claims executed by the
Company in favor of R. Thomas Kidd on August 26, 2009 and transferred
title and ownership of the Victory Lane, LLC Units to the Company; in
addition, R Thomas Kidd resigned as Managing Member of Victory Lane,
LLC and appointed Scott Sieck as Managing Member of Victory Lane, LLC.

http://sec.gov/Archives/edgar/data/1365160/000116552709000926/g3685.txt

z

[Zardiw]

You don't really think Domark was gonna give Kidd $3.5M on a $200K debt do you???????????......z