Replies to post #91383 on Plastic2Oil Inc (PTOI)

[duderino]

ACTION: TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF FROM 70,000,000 TO 150,000,000 (THE “SHARE INCREASE”)

On November 6, 2009, our Board of Directors approved, subject to receiving the approval of the holder of a majority of our outstanding capital stock, an amendment and restatement of our Articles of Incorporation (the “Restated Articles”), to increase the number of authorized shares of common stock we may issue from 70,000,000 to 150,000,000 (the “Share Increase”). The Majority Stockholder approved the Restated Articles pursuant to a written consent dated as of November 6, 2009. The Restated Articles effecting the share increase will become effective following filing with the Secretary of State of the State of Nevada, which will occur promptly following the 20th day after the mailing of this Information Statement to our stockholders as of the Record Date.

http://www.sec.gov/Archives/edgar/data/1381105/000121390009003338/def14c_jbi.htm

[Rawnoc]

I can't argue with that deep level of savvy forensic accounting. That cash position must have been made up. I cannot recall any financing whatsoever in December 2009.

Damn, that sucks. Nice catch dude.

[Johnik]

You are asking where the company gets cash?

ok start with the cash... where did $1,945,594 come from? on 6/30/2010

http://www.sec.gov/Archives/edgar/data/1381105/000121390010003178/f10q0610_jbi.htm

$2,448,662 on 3/31/2010
http://www.sec.gov/Archives/edgar/data/1381105/000121390010002911/f10q0310_jbi.htm

$520,331 on 9/30/2009
http://www.sec.gov/Archives/edgar/data/1381105/000121390009003274/f10q0909_jbi.htm

Perhaps I'm stating the obvious, but the answer is revenues and financing.

The financial statements lay that out for you.