Replies to post #212168 on Plastic2Oil Inc (PTOI)

[arvitar]

Note the market's response:

- Jan 3, 2012: JBII closes at $2.35

- Jan 4, 2012 SEC announces fraud charges.


- Jan 22, 2013 JBII closes at $0.80; DOWN 66% from Jan 3, 2012

- Jan 23, 2013, JBI announces proposed settlement to pay fines for fraud.

Jan 25, 2013, JBII closes 0.9450 STILL DOWN 60% from Jan 3, 2012



Still down 60%, after the biggest PUMP CAMPAIGN in JBI's entire history.

Even the least savvy of investors understands the dire implications of the above facts.

[Steady_T]

You are incorrect on a number of points. I'll highlight a few.

The SEC didn't expose anything. The company voluntarily restated its accounting of the media credits long before the SEC paid any attention to the media credits.

The share price has gone up since the settlement has been announced.

Just keepin' it real.

[uksausage]

The stock price may be down but the company valuation hasn't changed much at all has it?

Dilution from the various PIPEs would have caused a similar drop outside of any other news.

The big thing is that there so no SEC overhang now and think of it as a great opportunity to get back in at a very reasonable price. I am still shocked the SEC news didn't raise the price to at least 1.20.

I know where my federal tax rebate is going to go.