Replies to post #165315 on Plastic2Oil Inc (PTOI)

[tykundegex]

Yep, agreed. And the law firms don't even take the time to get their facts straight:

"Shortly after obtaining the approximately $8.4 million in financing, the company issued a statement indicating that its financial statements could no longer be relied upon due, in part, to the erroneous valuation of certain assets on the balance sheet. Upon this news, JBI stock plummeted from a closing price of $2.35 per share on January 3, 2012 (the day prior to the disclosure), to a close of $0.86 per share the following day."

Somebody is afraid of what Feb 27 could bring, perhaps?

[Ryoko]

The only thing missing is a smoking gun in regards to all the ambulance chasers suddenly appearing again on the cusp of (presumed) news and the upcoming CC. No way it's a coincidence. There's something seriously fishy going on here and it looks like someone is not happy to see a price rise with the pps.

One point to note is that CCs are not without their dangers. It's very risky for a company to do a CC unless there is some killer news to justify it. From my experience, 9 out of 10 CCs cause the pps to plummet soon after. The last CC JBI did was not earth shaking. (It was little more than a sales pitch.) If they try that again given the strong expectation for major news, the pps will suffer greatly.

I'm hoping they put up a mechanism to submit questions ahead of the CC.

[greenhornet]

I had been highly dubious about the conspiracy theory with the shorts. I'm not much into conspiracy theories and frankly pretty much rolled my eyes when I would read the posts. I'm not rolling my eyes any longer. Now I think something is there and the theory has merit. There is blood in the water but its not the longs that are the one's being circled. The shorts are in deep trouble and they know it. That is why they are pulling out all the stops.

[Rawnoc]

Short attack? Naaaaah. It's perfectly normal for law firms to issue press releases at 2am on the weekend over something they already issued a press relase several prior. What do you mean? Are you suggesting this is unusual?

lol

I thought 2am on Sunday morning was reserved only for cheesey infomercials and personal injury lawyer advertisements trolling for clients that don't really have a legitimate case? Oh wait...

[carguy]

I like this trend...here is a list of similar suits these attorney's are representing and the company's market cap as of today...all suits were named this year.

NYSE:LRN....800M
Nasdaq: PWRD...550M
NYSE: KOS 5.74B
NASDAQ:UCBI 500M
Nasdaq: IART 800M

Solid exchanges with much higher market caps....oh and the middle is an "energy" company...

Whhallllinnngggggggggggggggg

cg