Replies to post #212267 on Plastic2Oil Inc (PTOI)

[Toxic Avenger]

Still 301% wrong. ;-)

I'm betting on the wisdom of the market.

[the big guy]

260k is hardly a parking ticket. It is another item that should annoy investors and is yet another waste of investor's money. I personally expected a 7-figure settlement, but then again I had no basis of experience upon which to base that expectation.

The only reason why someone would say that it is a parking ticket is that they are accustomed to such high monthly expenses by this company ongoing. Sure, 260k is a drop in the bucket when you are spending 1 Million/ month.

It is slightly comparable to revenues... at roughly 500k/ quarter? Another quarter gone... due to management foolishness.

I think it may be even more than Margin/ quarter... ROFL..

They need to rationalize their business, figure out their operations, then that 260k would be more meaningful.

[the big guy]

260k is hardly a parking ticket. It is a pretty fair-sized fine for a company that is struggling to get traction in the market and establish the basic economics oif their business.

The only reason why this is viewed as a small number is that the rest of the company's expenses are so huge. It may be comparable to sales for a single quarter, or maybe Gross Margin (sales less CGS), for a single quarter. With total costs exceeding 1 Million/ month, who is counting?

No matter how you look at it, it is another quarter gone. Investors shouod be upset about management letting it happen.

[Toxic Avenger]

"Their litigation releases often say "pending court approval."
LOL, 302% wrong on that one.

A search for the phrase in the litigation and enforcement content of the SEC website shows that the phrase appears in 2 litigation releases, one in 1997 and one in 2010.

http://search.sec.gov/secgov/index.jsp?param_Basic=no

;-)