From IHub: "Speaking of 8k's filed by PTOI, and the one filed on 3/13/2013 specifically, didn't they violate the judgment against them by failing to file an 8k announcing the breakdown of the processors?"
Absolutely. It's fraud that Mr. Heddle withheld the information about the plant being down for six months anyway...it's extra that he caused PTOI to continue to defraud investors after JBII was enjoined from defrauding investors as part of the settlement for the previous fraud. But if shareholders don't mind if Mr. Heddle lies to them then did PTOI really do anything wrong?? If a tree falls in the woods....
Personally, I would rather that the SEC didn't spend any more of my tax money to sue PTOI. Those who still believe that PTOI has a valuable technology after all the years of shenanigans and the lack of any results, won't be convinced that they're being swindled by yet another fraud suit against PTOI. Those investors may as well lose their money.
Not that any more evidence is needed that Mr. Heddle is a dishonest man, but here's a press release from Jan 9, 2014, a bit over five months before investors would learn that the plant had been out of commission for at least the past six months:
"On January 3, 2014, the management of JBI, Inc. (the “Company”) announced to the employees of its production facility in Niagara Falls, New York its plan to reduce its workforce by twelve employees (representing approximately one-third of its workforce) in an effort to further reduce operating expenses and extend its cash position. The reduction plan was effective immediately and only included non-core function employees who were not primarily engaged in fuel production or processor sales."
Isn't it great that Mr. Heddle decided to keep those employees engaged in fuel production around to stare at the busted plant?? Wouldn't that have been a great time for Mr. Heddle to also mention that not only was production no longer accelerating, but that production had come to an abrupt halt?? Several more 8-Ks were filed during that time while investors were kept in the dark without a PTOI saying a peep that PTOI's operations had completely ceased.
Absolutely. It's fraud that Mr. Heddle withheld the information about the plant being down for six months anyway...it's extra that he caused PTOI to continue to defraud investors after JBII was enjoined from defrauding investors as part of the settlement for the previous fraud. But if shareholders don't mind if Mr. Heddle lies to them then did PTOI really do anything wrong?? If a tree falls in the woods....
Personally, I would rather that the SEC didn't spend any more of my tax money to sue PTOI. Those who still believe that PTOI has a valuable technology after all the years of shenanigans and the lack of any results, won't be convinced that they're being swindled by yet another fraud suit against PTOI. Those investors may as well lose their money.
Not that any more evidence is needed that Mr. Heddle is a dishonest man, but here's a press release from Jan 9, 2014, a bit over five months before investors would learn that the plant had been out of commission for at least the past six months:
"On January 3, 2014, the management of JBI, Inc. (the “Company”) announced to the employees of its production facility in Niagara Falls, New York its plan to reduce its workforce by twelve employees (representing approximately one-third of its workforce) in an effort to further reduce operating expenses and extend its cash position. The reduction plan was effective immediately and only included non-core function employees who were not primarily engaged in fuel production or processor sales."
Isn't it great that Mr. Heddle decided to keep those employees engaged in fuel production around to stare at the busted plant?? Wouldn't that have been a great time for Mr. Heddle to also mention that not only was production no longer accelerating, but that production had come to an abrupt halt?? Several more 8-Ks were filed during that time while investors were kept in the dark without a PTOI saying a peep that PTOI's operations had completely ceased.
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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.
