Replies to post #174397 on Plastic2Oil Inc (PTOI)

[Rawnoc]

I prefer reality. Over 97% never make it to trial.

"The vast majority of enforcement actions filed by the SEC are resolved before coming to trial. In the past year, the SEC went to trial in 19 cases, while filing a record-high 735 enforcement actions. Settlements allow the SEC to spread its limited resources among the largest number of cases, agency officials say."

http://online.wsj.com/article/SB10001424052970204844504577098833058976236.html

"the SEC is fighting hard for the right to file lawsuits it never intends to see through to the end."

http://caveatemptorblog.com/sec-try-cases-settle-lightly/

"Does the Securities and Exchange Commission suffer from trialphobia?"
"the agency has been defending its policy to settle securities fraud cases"
"The agency has averaged almost 14 trials a year from 2008 to 2010"

http://www.propublica.org/thetrade/item/needed-a-cure-for-a-severe-case-of-trialphobia

"With its allotted budget and staff, the Enforcement Division brought 735 cases last year."

http://www.secmiscellany.com/2011/12/22/defending-the-sec%E2%80%99s-neither-admit-nor-deny-policy

Median company settlement $1.4 million in 2011, including large listed companies. Median settlement in 2009 & 2008 was $1 million:
http://blog.commpro.biz/irthereforeiam/?p=785
http://www.insurancejournal.com/news/national/2009/12/08/105825.htm


And that's mostly from multi-billion dollar companies. Destroying companies isn't part of the mission of the SEC, despite the fantasy fictional blather.

The notion that they're going to try to kill an OTC for mega-millions is just laughable.