Replies to post #235874 on Plastic2Oil Inc (PTOI)

[arvitar]

Those are gross mischaracterizations of both JBI's problem, and what represents investor common sense.


JBI's problem is that John Bordynuik defrauded investors by telling them he was already making oil for $10/bbl and selling it for over $100/bbl four years ago.

Now it's four years and $60,000,000.00 later, and the whole world now knows that John Bordynuik's claims were lies.

Add on top of that the SEC nailing Bordynuik for fraud, the lies about "free plastic" and numerous phoney JVs exposed, and the transparently obvious attempts to shift blame for these failures away from Bordynuik onto his fingerpuppets who have only been filling his shoes for a few months.

Common sense tells investors that putting more money into a money-losing OTC stock waving huge red flags, that has lost over 90% of its value over the last few years, isn't as smart as investing in any of the thousands of *real* companies, with *real* profits, who are in the midst of an historic record bull-run.


SPLAT