Replies to post #159811 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Actually you have no idea when the PIPE was sold:

Date of First Sale 2010-04-15
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7249602

The AGM was on 4/24/10. What he might have known on 4/24/10 has nothing to do with 4/15/10. Furthermore, for all we know, all of it ($1.3 million only) was sold on 4/15/10. We also don't know what those investors were told and what was in their investing prospectus.

[wEaReLeGiOn]

No doubt JBI doesn't 'mind' paying the disgorgement fees and penalties, but would certainly not agree to an officer ban for Juicy John. No doubt they'd be unconcerned about throwing Baldwin under the bus however.

This is a very clear case for an officer ban, and no amount of Juicy John's explanations will sway the SEC. The facts in this instance are irrefutable. I certainly wouldn't be surprised to see Bordynuik take it all the way to court, that would give him more time and more access to company dealings.

"Baldwin also failed to inform the shareholders that he believed the company most likely would need to restate its financial statements as a result of the overvaluation of the media credits.

36. Bordynuik was present at JBI’s Annual General Meeting and was aware, both before and after, of the representations Baldwin made about the value of the media credits. At the time Bordynuik also was aware that the media credits were significantly overvalued in JBI’s financials and that the company likely would have to restate as a result. "

[callthebank]

That's why this has happened.