Replies to post #43554 on Plastic2Oil Inc (PTOI)

[buenokite]

And those media credits plus 2 bucks will get you a grande black coffee at Starbucks. Hence one of the reasons for the 8k this morning.

[scion]

There is no disputing that JBII bought those assets and have those credits.

The 8-K doesn't quite agree with that.

due to questions regarding:

1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and

2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock.

The Company’s former independent registered public accounting firm Gately and Associates, who was dismissed on May 13, 2010, was informed of the matters disclosed above.

1 CURRENT REPORT f8k051910_jbi.htm

http://www.sec.gov/Archives/edgar/data/1381105/000121390010002134/f8k051910_jbi.htm

[Rev Kilgore Mullet]

No argument that the credits are an asset. The dispute centers on the valuation of that asset.