Replies to post #69508 on Plastic2Oil Inc (PTOI)

[the big guy]

dead right yes. OTC stocks are perceived as flaky by financial institutions and hence are not "RRSP-eligible".

Well that is too bad for investors, but how important is it to JBII? I don't think that JB is thinking about RRSPs when he thinks about uplisting. He is thinking about getting more exposure, perhaps thinking that will solve everything for him. I think he is highly overrating the value of that exposure. Certainly he is not trying to improve his debt/equity ratio, because he does not have one.

He did a good job of getting the stock price up there, which allowed him to raise funds at a nice price of $4. Then he "came to realize" that he needed to have a better accountant to uplist.

Well, his getting a better accountant screwed the stock price, which defeated the purpose of uplisting in the first place. He would have been better off to get the business going first, then upgrade the accountant. He is focussed on the wrong things..

[Jagman]

In the USA we are free to lose our life savings in our self-directed retirement accounts....that way we always have to depend on government to survive.... The JBII's of the world are loved by USA politicians because they help keep the middle class down, hence they are poorly regulated, IMO.

As stated previously by other posters, it does matter to us Canadians where this stock is traded because we cannot put otc ctock in our RRSP or TSFA accounts to shelter/defer it from taxes at present.