Replies to post #140315 on Plastic2Oil Inc (PTOI)

[flptrnkng]

The deal was negotiated when the stock was well under $1.

Actually, only the IR and the company know when the deal was negotiated, so you'd have no knowledge of that, right?

Regardless, the deal was worth ~$400k when the stock was issued. That's the deal.

[Toxic Avenger]

The accounting value is done at the time the shares are issued, which is the time when the stock is transferred to the individual and hence appropriate. We have no way of knowing whether the compensation was negotiated the day it was issued or six months earlier. Logic however suggests to me that in the best interest of both parties, it would be fairly close to the date the shares were issued.

At the end of the day, even without that astronomical compensation, I'd expect an IR person to be on top of the information at OTCMarkets.com, owing to its importance to the company.

In the future, the company may want to negotiate a dollar amount, rather than a number of shares when negotiating compensation which will not be realized for some time. It would certainly help keep expenses more reasonable.