Explanation of Responses: 1. Mr. Bordynuik was
Post# of 43064
Posted On: 08/17/2015 6:13:32 PM
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.
/s/ John W Bordynuik 06/02/2014
** Signature of Reporting Person Date
http://www.sec.gov/Archives/edgar/data/138110...ik_jbi.xml
like i said .. it will be interesting to see what the next *round* of vote gathering on P2O issues .. garners
suspect after last October's *expenditure* for volume to bury ACC Executive Summary .. and to *shake* actual P2O investors
certain *aromatics* no longer *hold* one share of PTOI
4kids
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. /s/ John W Bordynuik 06/02/2014
** Signature of Reporting Person Date
http://www.sec.gov/Archives/edgar/data/138110...ik_jbi.xml
like i said .. it will be interesting to see what the next *round* of vote gathering on P2O issues .. garners
suspect after last October's *expenditure* for volume to bury ACC Executive Summary .. and to *shake* actual P2O investors
certain *aromatics* no longer *hold* one share of PTOI
4kids
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