Replies to post #74445 on Plastic2Oil Inc (PTOI)

[Johnik]

Sorry, I guess I'm not sure what it is you think is missing. You wrote, "No mention of $150,000 in cash in the 8-K," and then quoted a portion of the 8-K that did not include $150,000. I quoted a different portion of that same 8-K that specifically mentioned the $150,000. It looks like you are now quoting to it as well. Is it the characterization of the $150,000 as "cash" that you take issue with?

[puppydotcom]

so they filled an 8k but omitted the 150k from the 10K ? how strange - more bad accounting from honest john?

150k.. just went poof?

in the 10k
While the acquisition of the media credits was connected to the acquisition of Javaco, it was the subject of a separate agreement which specified the purchase price of 1,000,000 shares of the Company’s common stock. Accordingly, once management determined the value of the media credits was overestimated, the value of the shares given in exchange was charged to operations.


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Where?

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.

10-K/A
www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm

in exchange for $150,000 and the issuance of 2,500,000 shares of the Company’s common stock to Domark.

http://www.sec.gov/Archives/edgar/data/1381105/000121390009002359/f8k082409_310.htm