Posted On: 02/11/2015 11:47:00 AM
Post# of 43068
Consider the only two possible cases:
1) Bordynuik really did defraud investors with lies about a magic catalyst that enabled him to make oil for a total cost of $10/bbl and sell it for WTI - $3.00, and investors relied on those lies when they put their money into this company.
In this case, calling Bordynuik a criminal con man and this company a scam is the truth. And the truth is the opposite of libel.
2) Bordynuik really has been making $10/bbl oil and selling it for WTI - $3.00 during the five years he had been claiming to be doing so, and the proof of those claims will finally be made public.
In this case though, PTOI would have been lying on their SEC financial filings for the last six years, which definitively show that PTOI had not been doing anything remotely close to making oil for $10/bbl, and selling it for WTI - $3.00. Then the company would have been willfully misleading investors with false financial information filed with the SEC, again making it a scam. Again, the truth about a company is the opposite of libel.
Is there a third case I'm missing, in which calling PTOI a scam and Bordynuik a criminal fraudster could be rendered false?
1) Bordynuik really did defraud investors with lies about a magic catalyst that enabled him to make oil for a total cost of $10/bbl and sell it for WTI - $3.00, and investors relied on those lies when they put their money into this company.
In this case, calling Bordynuik a criminal con man and this company a scam is the truth. And the truth is the opposite of libel.
2) Bordynuik really has been making $10/bbl oil and selling it for WTI - $3.00 during the five years he had been claiming to be doing so, and the proof of those claims will finally be made public.
In this case though, PTOI would have been lying on their SEC financial filings for the last six years, which definitively show that PTOI had not been doing anything remotely close to making oil for $10/bbl, and selling it for WTI - $3.00. Then the company would have been willfully misleading investors with false financial information filed with the SEC, again making it a scam. Again, the truth about a company is the opposite of libel.
Is there a third case I'm missing, in which calling PTOI a scam and Bordynuik a criminal fraudster could be rendered false?
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