Replies to post #44501 on Plastic2Oil Inc (PTOI)

[maple]

Great post z, thanks for providing that info! I totally agree with you!

[rocketeer357]

Look, I'm long here, but if you sincerely believe that the latest PIPE investors are going to smile and look the other way when seriously damaging material information to their investment was released the day after the PIPE closed, get serious!

Now maybe the information about restating the financials didn't cross JBII's radar until after the PIPE closed, but if I had made that investment, I'd sure as hell want to know legally and certainly that that was indeed the case.

You would have to be dense not to realize that these investors wanted to fund the company directly, AND THAT IN ITSELF IS AN AMAZING TESTAMENT TO THEIR COMMITTMENT TO THE COMPANY

Dense??? Me???
Investors have a single commitment and that's to their money. They might have altruistic notions about "correct" investments, but they are in the game to make $$. That's it. If you don't accept this, you would have to be dense indeed.

[Modern_Rock]

Wow do you actually believe the fantasy fiction you write? Do you KNOW these PIPE investors personally? You really think ANYONE , I repeat ANYONE would pay $4 when they can pay $3, $2.50, $2, $1.50? These are INVESTORS and by definition that is to MAKE MONEY! You think these guys who bought in the $4s is throwing a party now or are they sick to their stomach over the lies and the RAPID quick decay in the share price along with the company's integrity and trust?

JOhn, JBII, basically straight out LIED to them. They bought into a $4 PIPE only to see 1 day later the company declare restatement of financial leading to a 60% stock tank! How can you say that these guys are happy and in love with the company? Bottom line is that the PIPE guys wanted to get the shares FOR CHEAP $4 when the pps was $5.10 at the time! And that's a FACT!

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According to the Form D, 332,579 shares had already been sold between April 15 and May 11, 2010. The remaining 156,200 would have been sold in the last 10 days.

Quote:
Total Offering Amount $4,000,000 USD
Total Amount Sold $1,330,316 USD
Total Remaining to be Sold $2,669,684 USD


http://www.sec.gov/Archives/edgar/data/1381105/000121390010001807/xslFormDX01/primary_doc.xml

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50455667

Yes, and the closing price on April 15th was 5.10

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50455729