"Be happy for only a $9,000 loss For many others
Post# of 43066
Posted On: 05/01/2014 1:52:10 PM
"Be happy for only a $9,000 loss For many others it has been a lot more. For myself and my friends near $100,000"
The above quote is from someone on another board. I don't know how much that money means to him but my guess is that it's a substantial hit.
That person clearly relied on Mr. Bordynuik's claims that he could make oil out of waste plastic and clear $68/bbl. As a result of Mr. Bordynuik's fake claims, that person is out a fair amount of money. Had Mr. Bordynuik's claims been true, certainly that person would have made a boatload of money.
There are a lot of risks investors take in making an investment, but fraud isn't one of those risks which investors need to shoulder. It would probably be worth it for that poster to try to recover some of his money.
Just a rough guess from the penny stock scams I've seen, maybe about half of these companies end up with the founder walking away with pockets stuffed with investors' former cash. In the other half the founder ends up in some sort of trouble. A big mistake that defrauded investors often try, is to sue the company itself even though the company will invariably be out of cash. Winning a suit against a cashless defunct company results in no recovery. The best hope of recovery is generally by taking to court the person who made the fraudulent claims.
The above quote is from someone on another board. I don't know how much that money means to him but my guess is that it's a substantial hit.
That person clearly relied on Mr. Bordynuik's claims that he could make oil out of waste plastic and clear $68/bbl. As a result of Mr. Bordynuik's fake claims, that person is out a fair amount of money. Had Mr. Bordynuik's claims been true, certainly that person would have made a boatload of money.
There are a lot of risks investors take in making an investment, but fraud isn't one of those risks which investors need to shoulder. It would probably be worth it for that poster to try to recover some of his money.
Just a rough guess from the penny stock scams I've seen, maybe about half of these companies end up with the founder walking away with pockets stuffed with investors' former cash. In the other half the founder ends up in some sort of trouble. A big mistake that defrauded investors often try, is to sue the company itself even though the company will invariably be out of cash. Winning a suit against a cashless defunct company results in no recovery. The best hope of recovery is generally by taking to court the person who made the fraudulent claims.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.