Replies to post #56128 on Plastic2Oil Inc (PTOI)

[scion]

How was the "$150,000 in cash" accounted for in the 10-K/A?

On August 24, 2009, the Company purchased 100% of the issued and outstanding shares of Javaco, Inc. in exchange for $150,000 in cash and 2,500,000 shares of the Company’s common stock, valued at $2,500,000.

In connection with the agreement, the company also received media credits in print and radio in exchange for the issuance of an additional 1,000,000 shares of the Company’s common stock, valued at $1,000,000.


http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm

[BRIG_88]

LOLOLOL! Correct the media credits are no longer carried on the books as a financial asset.....are you trying to tell me that also made them evaporate? LOLOLOLOLOL!!!