exactly Explanation of Responses: ( 1)
Post# of 43066
Posted On: 06/02/2014 3:57:00 PM
exactly
Explanation of Responses:
( 1) Mr. Bordynuik was a party to a letter agreement (the "Letter Agreement"
with certain investors (the "Investors" in a May 2012 private placement, which Letter Agreement contained certain restrictions on Mr. Bordynuik's ability to vote his shares of Series A Preferred Stock. Prior to the filing of this Form 4, the Letter Agreement was terminated upon the receipt of waiver/rescission notices from the requisite number of Investors required under the Letter Agreement's terms.
On May 30, 2014, Mr. Bordynuik returned 1,000,000 Series A Preferred shares to the company for cancellation. For further information, see the Issuer's Current Report on Form DEF 14C filed with the Securities and Exchange Commission on May 29, 2014.
On May 10, 2014 Mr. Bordynuik returned 650,000 options from the 2012 Long-Term Incentive Plan to allocate more shares in the plan for future staff and directors.
http://www.plastic2oil.com/site/sec-filings
very happy to have trusted in my DD and more importantly my instincts
when it comes to the founder/the company and the disruptive tech aka P2O
4kids
Explanation of Responses:
( 1) Mr. Bordynuik was a party to a letter agreement (the "Letter Agreement"
with certain investors (the "Investors" in a May 2012 private placement, which Letter Agreement contained certain restrictions on Mr. Bordynuik's ability to vote his shares of Series A Preferred Stock. Prior to the filing of this Form 4, the Letter Agreement was terminated upon the receipt of waiver/rescission notices from the requisite number of Investors required under the Letter Agreement's terms. On May 30, 2014, Mr. Bordynuik returned 1,000,000 Series A Preferred shares to the company for cancellation. For further information, see the Issuer's Current Report on Form DEF 14C filed with the Securities and Exchange Commission on May 29, 2014.
On May 10, 2014 Mr. Bordynuik returned 650,000 options from the 2012 Long-Term Incentive Plan to allocate more shares in the plan for future staff and directors.
http://www.plastic2oil.com/site/sec-filings
very happy to have trusted in my DD and more importantly my instincts
when it comes to the founder/the company and the disruptive tech aka P2O
4kids
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