Replies to post #171302 on Plastic2Oil Inc (PTOI)

[StockSnyper]

Bordynuik will likely resign and disgorge his ill-gotten gains before this gets to trial. That's how these OTC scams usually end.


Looking at some similar and recent OTC scams charged by the SEC, it seems to take about 1-2 years from the time the charges are filed until the trial is in full swing. So that's an upper bound if either Bordynuik or the SEC won't settle.

There is, of course, the possibility that the SEC might just suspend this scam, and leave it for dead on the Greys while they continue to prosecute The Juicer.

If Bordynuik gets desperate and starts putting out more false and misleading press releases, similar to the ones he churned in in 2010, he'll increase his odds of getting suspended quite a bit.

The only problem with that armchair theory is that the SEC has NOT made any accusations or claims that JBI is a scam - that is all your opinion. Logic would follow that:
1) John Bordynuik will likely NOT resign, nor will he disgorge anything.
2) SEC will NOT "suspend this scam" because they NEVER claimed that it was a scam in the first place.
3) John Bordynuik is anything but desperate. He is probably watching the environmentaly GREEN, waste-plastic devouring, money-making Beasts churn out fuel and $$$$$$$, while saving at least 180 NYC lives in the process.

[Gooeyduck]

CEO Bordynuik is not resigning and there will be no disgorgement. The SEC makes their money from instituting fines. The only thing disappearing will be non believers and I expect that to happen as the 3rd processor comes online while processors 4 5 & 6 are announced as being in various stages of completion.

Happy St Patty's day!