Replies to post #71087 on Plastic2Oil Inc (PTOI)

[jimmenknee]

The mathmatics do not work in your favor:

Date of 1st Sale: 4/15
Notice of Exempt Offering of Securities, item 06

Date Completed: 5/20
Current report, items 1.01 and 3.02

Possible purchase above $5.00 = 4/15 - 5/06 = 21 Days
Possible purchase above $4.50 = 4/15 - 5/12 = 27 days
Possible purchase above $4.00 = 4/15 - 5/17 = 32 Days

Possible purchase below $4.00 = 5/17 - 5/20 = 3 Days

It is also silly IMO to assume many were still interested in buying at $4 when the price was below-- if that were true, why then did they choose to "complete" the Private Placement on the 3rd day that would have been possible? If anything-- it appears logically as a "hurry" to get the transactions closed before the price crashed. (Remember too that only a few days later the 100k unregistered block was sold :-( )