Replies to post #212290 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Good grief, dead wrong yet again. This easier than the 300% or $5 million fine nonsense.

January 2013 alone:

"Darden neither admits nor denies the Commission’s allegations, and his settlement is subject to court approval."
http://www.sec.gov/litigation/litreleases/2013/lr22596.htm

"The Commission's settlements with Volt and Hobbs are subject to the approval of the U.S. District Court for the Southern District of New York."
http://www.sec.gov/litigation/litreleases/2013/lr22589.htm

Perhaps the SEC is waiting for court approval. From what I hear, they like to be 300% certain an agreement is finalized before announcing it.