Replies to post #142092 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Wisely put.

RiskGuy   Sunday, November 13, 2011 3:00:32 PM
Re: LV RDPD post# 142054 Post # of 142096 
I believe I recall a post that said John mentioned at the ASM an intent to file late because it is more expensive to pay the accountants to file on time when the deadline comes at a premium. He intended to save the difference in accounting costs - a prudent decision IMO when the company is operating at a loss. I believe late filing has nothing to do with whether it is "bad news" or a poor focus on accounting. He told us in advance what to expect as a routine so the follow-through isn't newsworthy as an omen of bad tidings. It just is what is.

[Toxic Avenger]

Let's hope it doesn't get to the SEC that JBI plans a year in advance that every filing will be late. They've got enough problems with the SEC as it is.