"Does GAAP treat all asset classes the same (tangible and intangible), with respect to valuation?"
Faustus, are you trying to build a case for saying the SEC wasn't smart enough to understand GAAP but sued Mr. Bordynuik and PTOI for accounting fraud over the media credits anyway? Don't beat around the bush and take me through a journey, just lay out your entire case and we can talk about it.
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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.