Replies to post #158516 on Plastic2Oil Inc (PTOI)

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More DD.

http://www.sec.gov/litigation/litreleases/2012/lr22220.htm

The Complaint alleges that JBI raised over $8.4 million for the company in these PIPES just before the company issued a public statement indicating its financial statements could no longer be relied upon, in part, due to the erroneous valuation of certain assets, known as media credits, on the balance sheet.