Replies to post #211988 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Good grief, johnik is absolutely correct, as usual.

It's the same boilerplate nonsense that's included in every settlement.

Boilerplate -- why am I having deja vu?

And the notion of judging the size of the fine as a function of gross profit after one-time expenses is beyond laughable. Does anybody with a straight face really believe that Q4 or Q1's gross profit will be that number? Not that it matters, of course, I told you thousands of times for a year and a half that the settlement will be less than 1% of market cap, that the "but this case is different" nonsense was indeed pure nonsense, and it came in at less than 1/5th of 1%. Heck, even my guess was more than 5 times too pessimistic. I was off by 400% -- the peanuts-size parking ticket fine was much much smaller.

[Johnik]

I did not "ignore" the context of your post. It simply wasn't worth the effort to respond to the remainder of it. My point, which you apparently do not "get," is that the litigation costs would have far exceeded the cost to settle, making settlement the obvious choice. Settlement is not an admission of liability, period. The fact that an injunction is agreed upon as part of the settlement does not change that fact.

Sometimes settlement makes sense from a practical standpoint. This case was one of them.