Replies to post #125230 on Plastic2Oil Inc (PTOI)

[janice shell]

Knowing it's a possibility and believing it'll happen are two different things. Many here have, for example, convinced themselves that an SEC lawsuit probably won't happen, and if it does, it'll be like getting a parking ticket.

Not necessarily.

Then there was the other 8K about the increase in activity and the increase in stock price that came out late in April.

FINRA traces unusual activity. Often they call the company and ask about it. That may have happened here. They do it for many stocks, and the companies may put out PRs saying they don't know the reason.

[XenaLives]

It sounds to me like the Wells Notice was issued and mailed on the 14th , they got it on the 19th (usual mail time), and it took a couple of days (48 hours) to prepare the 8K and make sure the i's were dotted and the t's were crossed, releasing it on the 21st.

Extremely prompt and ethical behavior on the part of the company as many companies don't even disclose a Wells notice.

The Company is deeply concerned about the recent significant trading activity and stock price decrease, which were unaccompanied by any Company disclosures during the 48 hours prior to receiving the Wells Notice. The Company was unaware of the notice until shortly prior to its receipt, and members of management did not trade in the Company’s stock during this period.

From the volume pattern on the chart it's pretty clear to me that someone found out on the 14th. (red arrow)

The A/D line says while the stock was being walked down, easy to do on a walk down, the stock was being accumuated heavily, not sold.