Replies to post #78527 on Plastic2Oil Inc (PTOI)

[the big guy]

Not sure exactly why you posted that, but I really have no problem with the timing of the press releases and the direction about not selling stock over 3 weeks from Jan 31. I also stand by my previous posts. That is more about underlying principles.

Here is the JBII chart for the time frame in question:



From the beginning of January to Jan 31, the stock fell, the "massacre". This email is Jan 31. I see what I would suspect to be insider trading between Jan 31 and Feb 12. After Feb 12, the stock subsided. I would say that is similar to earnings speculation, when the result does not meet the expectation and the stock subsides after reality hits. Also, they screwed up the timing of the press releases... they may have been able to build it up higher.

However, in your text below, JB says.. "do not trade the stock over the next 3 weeks" bravo... no problem with that. He is directing people not to do what might be construed as insider trading. That is my take on it. On second thought, it reads like he just does not want them to get caught... but that is unclear.

Other than that, he is "maximizing shareholder value" by being a bit of a hatchetman. Not nice, but that is life...

Am I missing something?

[MorningLightMountain]

A few other notes about what my strategy is internally:

Power Plays: There have been a few between Steve Seneca (Paklt) and others who wish control. I know you are moving to Florida but JBI Admin and Executive are being scattered all over North America. I don't believe we need a centralized office other than Accounting Controls (limited to compliance and reporting only -- Florida). We do things differently so don't be afraid to do something that makes the market cringe at first... We have a great track record and the market is liking what we are building. It can take them time to get their heads around what we are doing sometimes.

(indeed, it took a bit of time!!!!)

Finance: Ron Baldwin is perfect for maintaining 100% accurate books and reporting.

(what?????....if that's not a shoe dropping, don't know what is......my prediction, Ron Baldwin will be the next to be axed, with his escrow a point of contention.....but then again, who knows what beans he would then spill if he is made into a fall guy.......he may have a bit of immunity if things don't get too bad....)

Our problem at this time is how implement a stock option plan without creating precedents I can't support. Baldwin is a prime example with "salary in escrow". He has no stock though...


wonder how Baldwin feels about (apparently) seeing JB say what I have been for some time about the escrow, and no stock.......