Replies to post #212272 on Plastic2Oil Inc (PTOI)

[BRIG_88]

OH PLEASE!...considering the ridiculous accusations and ludicrous demands of the case including the nothing less than IDIOTIC disgorgement of over 8 million dollars the 150k fine with no fraud IS a parking ticket.....speaking of 8 million JBI just raised that amount so i guess paying that fine isn't going to be a problem....in any event regardless of how anyone chooses to view it the case is closed.....it's over....ROLL JBI ROLL!!

[fourkids_9pets]

what annoys this investor isn't the 260k

the ceo spoke for this investor when he stated this last week

This is a very positive development in the life of our company, and we are pleased that this matter has been resolved.

just a reminder .. as discussed at the AGM last July

4 point business plan

1. Expand production
2. procure plastic
3. Sell fuel
4. Financing

We have transitioned from a R+D company to a company that builds processors and sells fuel

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77788715

what gets filed next ..

==
4kids
all jmo

[cp44]

yet another waste of investor's money.

For his part ;according to the consent, JB has to pay his fine out of his own pocket which may come from investors indirectly since I am sure his salary is due to investment and revenues generated.

[Rawnoc]

Nice try. It's less than a parking ticket. Average company settlement as I pointed out thousands of times was less than 1% of market cap. Fine came in at 1/5th of 1%.

Combinging company fines with individual fines is hysterical by the way. The company only pays the $150,000 parking ticket, nothing more. It's nothing. As an example, Michael Dell paid a $4 million fine and his company $100 million.

Lawsuit was for $8.4 million in disgorgement. I heard thousands of times that was the real worry. I then said thousands of times that was ridiculous, there's nothing to disgorge because not a single investor invested based on a technicality accounting error that would have been 100% correct under shell accounting rules, and JBII was a shell just 2 months earlier.

And boy was I right -- total disgorgement a big fat ZERO. Total fine a pipsqueak number.

I thought I heard thousands of times John would be on the run or hole himself up in his office with guns blazing and all sorts of other nonsense? ROFL!!!!

Good grief. I predicted less than $800,000 in fines (1% of market cap), and even I was waaaaaaaaaaaay off the mark despite hearing thousands of times it would be way more than $800,000 lol.

3 years of conspiracy theories 24/7 and the fine is $150,000.....wow lol