Replies to post #82722 on Plastic2Oil Inc (PTOI)

[BRIG_88]

11 grand? ROFL!! look at the stock take a dive over it. ROFL!!

[Johnik]

[T]he effect of this restatement to the financial statements is a decrease in total assets of approximately $11,507,000, an increase in net loss of approximately $2,179,000 and a decrease in equity of $11,809,000

seems this is already being touted as a good thing

lol

No, but it's old news. The restated numbers were reported last July. This is from the previously filed 10-K/A (filed on July 9, 2010):

The effect of this misstatement to the financial statements is a decrease in total assets of approximately $11,507,000, an increase in net loss of approximately $2,178,000 and a decrease in equity o[f] $11,809,000.

http://www.sec.gov/Archives/edgar/data/1381105/000121390010002805/f10ka2009_jbi.htm