Replies to post #90037 on Plastic2Oil Inc (PTOI)

[PaperProphet]

Re:<"In addition, there is approximately $1M in other related hardware and assets that the Company intends to purchase from John Bordynuik Inc. which are presently being inventoried and catalogued for the final purchase.">

I completely agree. Of course there is no additional information on what happened since, that I can see. It could have been dropped completely or he could have used investors' money to pay himself $3 million or any other amount for those assets. I'm sure everyone has their own opinion but given the circumstances, I'm guessing that a significant amount of cash went in that direction--straight into Mr. Bordynuik's pockets as the owner of what was John Bordynuik Inc. at the time.

Re:<"This is an arms-length agreement between 310 Holdings Inc. and John Bordynuik Inc. by President and CEO John Bordynuik, who is the majority shareholder in both 310 Holdings and John Bordynuik Inc.">

For this part, it sounds like Mr. Bordynuik was truthful--but it's pretty obvious that he doesn't understand what "arms-length" means. That's why these message boards are here...so Mr. Bordynuik can read and learn.

.