Replies to post #44676 on Plastic2Oil Inc (PTOI)

[Modern_Rock]

Really, $1.9M PIPE class action lawsuit. This seems tiny to some, but this is the desperate money John needed to keep JBII in operation. And close a PIPE and 1 day immediately issue disastrous news that tank the stock 50%? Scam? Really, what would a jury think?

[the big guy]

hogwash? how do you know it is moswt likely goign to be in the green? no one knows the odds. the guys that bought this pipe are not accustomed to losing money.,.,., they don't play "odds". that is why the PP was at a premium to market. and they wanted it to stay that way..

[Rawnoc]

Correct the massive expense of a $2 million class action suit wouldn't be worth it especially since the lawyers fees would eat most of it. Only a complete moron would even think of a class action suit for such a tiny amount. Why not just write a check to a bunch of random lawyers instead?

Right now with the stock at $2.25 the suit that only exists in Fantasyland would be worth $750,000 if every single person signed on (good luck with that). So let's say $300,000 signs on. They'll get a refund and told to piss off or they can pay their lawyers $3 million to fight for $300,000 lol