Replies to post #211198 on Plastic2Oil Inc (PTOI)

[stocker11]

How do you know its the same group and not another group of PIPERS?

[Krazy K]

I think these preferred shares are part of an endgame. The preferred shareholders get first dibs on assets in the event of liquidation. Looking at the Balance Sheet, the assets are worth about what the Preferred Shares raised. And they get preference in the event of liquidation

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So you are saying our whales are comfortable obtaining assets if the company fails?

Funny thing about this statement is these machines are either worth hundreds of.millions a piece or they are worth scrap metal.

So which is it? To me savy whale investors don't invest in a company for scrap metal for assets