Replies to post #78308 on Plastic2Oil Inc (PTOI)

[BRIG_88]

Good point....if shares were "dumped" on the market by John i want to see the form 4's...... as for private placements that's normal business and is in no way a stock promotion.....

[jimmenknee]

Fair point to a degree Johnik. Tried back in the day to get this board to see that it was not sustainable given the underlying fundamentals weren't there.

I know the drill having been both outside and inside them. I have no problem with "promotion" in general; but when it is not given its proper context, then board discussions merely become defacto aids. I am always a proponent for seeing it like it is and trading accordingly...

perhaps we can use this to move this board's discussion forward in a different-- reading to understand rather than refute -- light?

[the big guy]

What you are basically saying is.. and this is the crux of the matter... I will attempt to paraphrase..

You purport that JB purposefully raised the share price on the open market via his "Public Market Strategy", with the best intentions of generating interest in another PP at a decent price... in order to use the proceeds to make the company successful, ALL THE WHILE BELIEVING HE WOULD DELIVER AND THE PPS WOULD BE MAINTAINED.

In other words, he was prepared to do whatever he had to do to get the stock price in order to finance success. In your view, that is OK.

AM I CORRECT?

This is bass ackwards to what most observers would think logical, ie., execute, generate earnings to get the stock price up.. THEN do a PP to expand...

However, it has been done before. Frank Dunn cooked the books for Nortel in 2004 in order to get the stock price up, so he could get more favorable debt terms and refinance the company. His predecessor, John Roth, just pumped the stock price up so he could buy all these internet companies for God knows why and feed his huge ego.

also, he bought alot of antique cars, which he happily enjoys in retirement now..

************** Nortel is Bankrupt *****************


Do I more or less have it? The end justifies the means kind of thing?

BECAUSE AT THE END OF THE DAY.. WE HAVE TO ASK OURSELVES.. WHAT THE HECK WILL JB GET OUT OF THIS EXCEPT A JAIL TERM? THEN WHY, WHY, WHY.. I don't know myself.

IS HE A NARCISSIST? (you would have to be..) LOL..

AND WHY, WHY, WHY DID HE DO THAT RESTATEMENT... SIGH..