Replies to post #187412 on Plastic2Oil Inc (PTOI)

[Ryoko]

John is no longer an officer of the company. He is also -not- CTO. He's 'CoT' which is a made-up title. John's been tossed from upper management to mid management.

[dreaminbig]

Effective May 15, 2012, John Bordynuik resigned from his positions as the Company’s Chief Executive Officer and President and was appointed Chief of Technology, a non-executive position.

http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8624665&Type=HTML

[Scandle34]

he is not CTO and the PIPE agreement is pretty clear in its conditions.

[Commando911]

John is the Chief of Technology. He is not Chief Technolgy Officer. Period. The SEC will settle this before summers end. They have the majority of what they wanted already. As far as HQ goes, who cares. Many companies set up their HQ in other cities other than their plants properties. And a company with expectations of expansion in many places, may want the HQ in a particular area. Perhaps one that is most tax advantageous...

That being said, a new CEO many times means a change of direction for a company. IMO, the new CEO should make whatever decision soon, and let the shareholders know what his goals and direction for the company will be.

The next few weeks will begin to tell the new story for Plastic2Oil.