Replies to post #77554 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Technicality. It was a shell 2 months before the acquisitions and would have been a reverse merger. These are completely non-cash book entries.

Some would have you believe it's not a big deal probably because if you call say Withum and ask them if it's a big deal, they would laugh you off the phone.

There was no fraud -- all of the numbers came from a very real place. Reverse merger accounting instead of acquisition accounting. TECHNICALLY it was an acquisition instead of a reverse merger even though we all know it was a shell 2 months before the the acquisition announcements. They were errors on paper, but zero fudging of numbers. Wrong method but correct numbers.

[fourkids_9pets]

and who did the original?

again there is a reason WSB was 8k'd
and a contingent that recognized the
opportunity that event created

here's to the opportunity the permit
will *create* for jbii *longs* .. :)

again the process for uplisting almost
always includes moving up the food chain
re: advice given via firms hired

--
4kids
all jmo

[waikikian]

Correct....no big deal.