(Total Views: 224)
Posted On: 12/21/2017 11:29:41 AM
Post# of 43066
yep i could see why this comment would cause angst .. seriously?
i posted that based on what an original (local) investor sent my way via PM
it's not difficult to source ..
while it would be nice of RH to be pro-active (in front) of the MOU deadline
that has not been RH's style .. i actually had to check the date (i was thinking
it was the 22nd) .. recognizing that P2O has 4 business days to *update* (8k)
so if i am reading correctly . MOU's deadline is the 27th of December .. 4
business days (28/29/2/3) *interestingly* imo puts the date 8K is due to be filed
on/around Jan 3rd
Item 8.01 Other Events.
Expiration of Current MOU; Entry in New MOU
As previously reported, Plastic2Oil, Inc. (the “Company”) is party to a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of the Company’s plastic-to-oil processors. On July 24, 2017, the MOU expired and was not renewed by the parties due to difficulty in obtaining zoning approvals at the designated site. However, the parties continue to pursue joint opportunities for the sale of processors to third parties and on July 28, 2017, they entered into a new Memorandum of Understanding (the “MOU2”) regarding potential licensing of the Company’s technology and a potential sale of the Company’s plastic-to-oil processors at a different site. Unless a definitive agreement is signed on or prior to December 27, 2017 , the MOU2 will expire. There can be no assurance that a definitive agreement will be executed prior to expiration of the MOU2.
https://www.sec.gov/Archives/edgar/data/13811...form8k.htm
4kids
Quote:
looks like RH has been busy
i posted that based on what an original (local) investor sent my way via PM
it's not difficult to source ..
Quote:
curious to see the timing of P2O's next filing
while it would be nice of RH to be pro-active (in front) of the MOU deadline
that has not been RH's style .. i actually had to check the date (i was thinking
it was the 22nd) .. recognizing that P2O has 4 business days to *update* (8k)
so if i am reading correctly . MOU's deadline is the 27th of December .. 4
business days (28/29/2/3) *interestingly* imo puts the date 8K is due to be filed
on/around Jan 3rd
Item 8.01 Other Events.
Expiration of Current MOU; Entry in New MOU
As previously reported, Plastic2Oil, Inc. (the “Company”) is party to a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of the Company’s plastic-to-oil processors. On July 24, 2017, the MOU expired and was not renewed by the parties due to difficulty in obtaining zoning approvals at the designated site. However, the parties continue to pursue joint opportunities for the sale of processors to third parties and on July 28, 2017, they entered into a new Memorandum of Understanding (the “MOU2”) regarding potential licensing of the Company’s technology and a potential sale of the Company’s plastic-to-oil processors at a different site. Unless a definitive agreement is signed on or prior to December 27, 2017 , the MOU2 will expire. There can be no assurance that a definitive agreement will be executed prior to expiration of the MOU2.
https://www.sec.gov/Archives/edgar/data/13811...form8k.htm
4kids
(1)
(1)
