Replies to post #122070 on Plastic2Oil Inc (PTOI)

[Zardiw]

It HAS been disclosed........so what exactly has the company done wrong?............z

[Justice37]

Re-read this post.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65447836

Second time may be the charm...

[Scandle34]

fair enough. They got it two weeks ago and 8K'd it within the allotted time. You could argue it was something they should have disclosed when the first questions were asked, but until they knew a Wells was coming, no one in their position would say "we are afraid we may get a Wells in the future."

The posts that a Wells was coming could have come from anyone who knew anyone who was involved in corporate or SEC discussions or sat near anyone, or sat in a restaurant near people associated with...


anyways, done talking to China and need to get up early to talk to London. zai jian.

[Johnik]

My view is than an SEC investigation is a material event that should be disclosed.

As for Wells notices... Once again, not long ago Goldman was fined $640K for not reporting receipt of one.

Would you care to provide ANY legal justification for your view? At what point do you contend there should be disclosure of an SEC inquiry? When the SEC first requests further information or review of a document? Please provide some legal footing to your assertions, particularly given your request for others to brush up on their understanding of the law.

As for Wells notices, I don't doubt that such notice can trigger the disclosure requirement (although I think it would be foolish to follow a bright-line rule absent clear guidance from the SEC). This point, however, is irrelevant given that JBI disclosed the notice.

[Zardiw]

Wrong. It's ridiculous to disclose every time the SEC has questions:

My view is than an SEC investigation is a material event that should be disclosed.

z