Replies to post #111535 on Plastic2Oil Inc (PTOI)

[Zardiw]

Once the prospectuses are out....you can't change them.....or say...'we renege'......You have to honor the offer.....z

[Rawnoc]

I doubt that is illegal -- I've never seen an example in the history of the stock of any company stopping a pipe halfway through it and raising the price.

Have you?

In other examples I recall that being proposed but it being said once set it can't be changed.

[tykundegex]

Given how volatile the share price is (see speed at which it climbed from March levels), if they had closed the $0.70 PIPE, issued a new prospectus and offered shares at $3, only to see the share price drop back to $1, how much luck do you think they'd have had raising the funds?

$0.70 is just fine. Dec 2009 PIPE had people lining-up to get shares at $0.80 as the stock price climbed through $5. You cannot time these things.

Offering shares at a discount is better than not being able to raise the funds required.

Now we wait to see what the funds are for!

Tykün