Replies to post #187399 on Plastic2Oil Inc (PTOI)

[dreaminbig]

JB is NOT a CTO. He's a CoT. CTO implies he's an officer.

And the plan is NOT to make JBI a household name.

Quote:Who has more authority? A director, an officer, or a "Chief of technology"?


Who gives a rat's ass? First everyone called for JB to step down as CEO - for the good of the company. Now that he has found a very reputable, and experienced CEO and JB has become the CTO, it isn't good either?
Come on! JB is now doing what he has extensive knowledge at, leaving the CEO responsibilities to Kevin Rauber. The goal here is to catapult JBI into the stratosphere as it relates to becoming a household name, making unlimited revenue, and helping the planet get rid of all it's unwanted unrecyclable waste plaastic. Who cares which has more authority? The objective is for the success of the company, not who's is bigger...

[Toxic Avenger]

I missed "everyone" calling for JB to step down. And let's face it, appointing a competent management team doesn't require a founder to give up his officer and director roles. In fact, no founder ever has given up his officer and director roles that I know of, unless the SEC forced such a move.

I do recall a number of people who believed that JB would NEVER voluntarily relinquish his O & D status and that the SEC would lose their "weak" case. Looks like they didn't even need to prosecute the case for that to be proven wrong. But I'm betting that's not enough. They'll want some disgorgement.

And once again, JB is NOT the CTO.