Replies to post #161561 on Plastic2Oil Inc (PTOI)

[xxxxcslewis]

4k,

Could you post a link to this when you get a chance? Thanks.


"but what is really eye opening with hindsight is the 33 topics
that the sec wanted info from JBI (including the catalyst)
that previously non disclosed correspondence (not made public
until after i contacted the boston office of the sec on 1/5/12)
was dated 9/28/2010"

[flptrnkng]

(not made public until after i contacted the boston office of the sec on 1/5/12) was dated 9/28/2010

That particular document was made available on EDGAR on 9/19/11 at 3:24 PM.

[ergo sum]

It was not until our new auditors began working on JBI, Inc financials and reviewing our documentation regarding the media credits that it was discovered the publications our advertorials were eligible for had limited readership and therefore would be unlikely to materially increase sales or profits. Thus, it was determined that the media credits had no value and should be written off. Accordingly, the entire cost of the credits ($1,000,000) was charged to operations in 2009 and there is no value for the credits reflected on the December 31, 2009 Balance Sheet.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010004271/filename1.htm