Replies to post #210976 on Plastic2Oil Inc (PTOI)

[Commando911]

That wasn't what I said. If you are going to quote me, please be accurate.

SEC settlement announced eom IMO. End of month...eom....

[Rawnoc]

I prefer reality. Over 97% of SEC cases never go to trial and are settled for small fines.

"The majority of public company misstatement cases settle for less than 1% of market capitalization."
"The average time from the investigation announcement to the settlement for these 181 companies was 2.3 years."
http://www.dandodiary.com/tags/securities-class-action-litiga

There's been zero material court pacer updates in over 9 months. That doesn't sound like trial preparation to me.

Last we heard JBII asked for more time to file this:
https://viewer.zoho.com/docs/zUadbbg because they were in settlement talks.

Top Ten Reasons The Sec Case Is Dead:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78798422