Replies to post #224869 on Plastic2Oil Inc (PTOI)

[fourkids_9pets]

that could be why there are no links .. and info is selectively doled out elsewhere

but rest assured .. due to doling >> sans links .. queries have been made ;)

For some reason the Canadian courts, at least the ones that I've tried to research, do not offer the transparency in terms of public disclosure of testimony as the US Courts do through things like Pacer. I do not know the original source of the following, but I believe it to be true. It represents an exchange between the plaintiff's attorney and defendant Bordynuik (Welland Court File No:3612/12 Court File NO.:CV-12-2474-00) regarding his holdings and the sale of a portion of them from:
The Cross-Examination on an Affidavit sworn December 28,
2012, and January 28, 2013, of, John Bordynuik,
defendant, taken upon an oath in the above action this
1st day of February, 2013, at the office of Nimigan
Mihailovich Reporting, Hamilton, Ontario.

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how silly of me to have not gotten the *family* references b4 now

nothing beats a woman scorned ..

edit >> one last revealing aspect .. and it pertains to the *volume*
undertaken on Wednesday and the time stamps of selectively doled out info

have i mentioned recently >> there are no coincidences ;)



==
4kids
all jmo

[Rev Kilgore Mullet]

It seems odd that majority ownership of voting rights would not be a factor in determining reporting requirements. The following extract comes from the SEC website:


Section 169 applies to every person who is the beneficial owner of more than 10% of any class of equity security registered under Section 12 of the Exchange Act,10 and each officer and director (collectively, "reporting persons" or "insiders") of the issuer of such security.

We might conclude that ownership of more than 10% of the preferred class would create a reporting obligation for transactions in common. However, I'm not sure that the JBI preferreds were "registered" and if that lack of registration creates a reporting loophole for transactions in common.

[Rev Kilgore Mullet]

Reporting Person also initiated the transfer of 400,000 shares to Matthew Ingham, the Issuer’s Chief Financial Officer

Why on earth would Bordy make a "gift" instead of running the award through the company? The IRS would have no trouble concluding that there was a business purpose behind the transaction and that the stock FMV was taxable income to the CFO as the date of the gift.

Another Mickey Mouse transaction...these guys just don't know when to quit.

[Commando911]

Appreciate the selective excerpts from the public document. Since they usually don't dole out selective passages, could you or your source provide the rest of the info, including the outcome and the Plaintiff. Or would they object?

Usually people who LOSE don't like being exposed in public. So, be careful. Make sure you and your source ask permission before you embarrass them

[ergo sum]

10ka
9) Represents 4,323,846 shares owned of record, options to purchase 750,000 shares of common stock which are presently exercisable and options to purchase 650,000 shares of common stock which are exercisable within 60 days of the date of this report.

http://www.sec.gov/Archives/edgar/data/1381105/000121390013002108/f10k2012a1_jbi.htm