Replies to post #189133 on Plastic2Oil Inc (PTOI)

[Steady_T]

If a meteorite hit Niagara Falls that would also wipe the company out.

The SEC requiring JBI to disgorge $10 million has about the same chance of happening as that meteorite.

The most likely outcome with the SEC will be a fine and no disgorgement. As has been pointed out multiple times before, the SEC is not in the business of driving companies out of business.

[NewMoney]

There will be no disgorgement. The case will more than likely just get dropped. Worst case is maybe a 50k fine. Remember the SEC is there to protect not destroy investors.

Don't forget that NYSE:RKT has pretty much taken JBII under it's wing.

This party is just getting started.

[Scandle34]

I bet there was an opinion letter from the SEC (or at least very strong legal advice from their counsel if not) to the PIPE investors that the SEC would NOT come after THEIR investment in taking over and responsibly managing the company.

[snow]

arvitar

$ 10 million is s low fraction of the market cap and less than what the company recently raised. Moreover it is ridiculous to assume that JBII would have to pay that much in a settlement.