Replies to post #154205 on Plastic2Oil Inc (PTOI)

[the big guy]

Glad you agree. Thanks for the input. Thing is; they want Bordynuikl and the CFO gonbe as well. Hmmm, the CFO is already gone... but his career is over..

but, I guess that does not necessarily mean the company is destroyed.

[Cassandra]

The Securities and Exchange Commission settled with 344 defendants in the first half of fiscal year 2011 (1H11), putting the agency on pace to settle with 688 defendants for the full year, compared to the 681 settlements in fiscal year 2010...

“Although we have seen the share of individual settlements decline relative to company settlements, individual accountability has remained an important theme during the first half of the fiscal year. This is reflected in the fact that four of the 10 largest settlements over this period were with individuals,” said NERA Vice President and Trends co-author Dr. James Overdahl.

•For companies whose settlements included a monetary payment, the average amount declined to $6.0 million compared to $18.5 million in FY10. However, the median company settlement increased to $1.4 million, compared to $0.8 million in FY10.

•For individuals whose settlements include a monetary payment, the average was $4.48 million and median amount was $310,000. Both figures are greater than any full fiscal year since SOX was implemented.

•Public company misstatement settlements declined sharply in 1H11 to 33, an annual pace of 66, down 39% from the 108 settlements in FY10 and more than 60% from the post-SOX high of 170 in 2007.

Excerpts from: http://blog.commpro.biz/irthereforeiam/?p=785