Replies to post #98840 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Agreed, I thought it was clear as daylight. It says right on the top of the filing it is for informational purposes only and is pro forma. But who wants to ruin the latest silly conspiracy theory over non-existent missing money?

[Justice37]

Thanks for the explanation. It's really helpful for those of us who are not stock or legal types to understand small details like this. I'm sure everyone involved in this string appreciate you clarifying the language in the JBI filing?

[scion]

Common shares issued in conjunction with Javaco acquisition $ 2,500,000

Line 7,465: Common shares issued in conjunction with Javaco acquisition

FORM 10-K/A (Amendment No. 2) Filing Date 2010-12-16
http://www.sec.gov/Archives/edgar/data/1381105/000121390010005258/f10k2009a2_jbi.htm

Amendment No. 4 to FORM 8-K/ A

(a) JBI acquired Javaco on August 24, 2009. The purchase price was $2,650,000 and the payment of the purchase price has been assumed to be fully paid in shares.

Goodwill amounting $1,976,830 has been assumed to be fair value of purchase consideration less values of assets acquired less liabilities assumed.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011001809/f8k082409a4_jbi.htm

Amendment No. 3 to FORM 8-K/ A - Filing Date 2011-02-09

(a) JBI acquired Javaco on August 24, 2009. The purchase price was $2,650,000 consisting of 2,500,000 shares of our common stock and $150,000 in cash.

The Company has used the share price on the date of aquisition to value our common shares. The elimination entry in consolidation removes the account for JBI's investment in Javaco.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011000632/f8k093009a3_jbi.htm