wow .. seriously wrong on so many levels .. but i'

Message Board

Previous

| Next

Post# of 43064

(Total Views: 134)

Posted On: 08/14/2017 2:47:49 PM

Posted By: 4kids

wow .. seriously wrong on so many levels .. but i'll just take one

Quote:
...now $524k just happens to fall into his/PTOI's lap for an insurance settlement resulting from PTOI's own fraud against its investors...but not a mention that any part of that money will be used to fix the processors. Mr. Heddle didn't even put out an announcement that the company received the settlement money--only references buried in the 10Q.

referenced in the Shareholder's (currently only) Update for 2017 .. that was filed (8k'd) in May 2017 (1st and 5th)

http://www.plastic2oil.com/site/news-releases...areholders

Other News.

Quote:
Glenny and Maskell (Canadian insurance broker) settled on a lawsuit filed by Plastic2Oil, Inc., on May 25, 2012 at the Ontario Superior Court of Justice, seeking damages consisting of the costs of defense and any damages that may be awarded against the Company, former CEO John Bordynuik, and former CFO Ron Baldwin in the Class Action and in the SEC Action. The case was settled in the US with ACE (Insurance carrier) in or about May 2013, pursuant to what is known as a “Mary Carter” (confidential) settlement. The net proceeds from this settlement will be used for working capital to sustain P2O operations over the next two quarters.

https://www.sec.gov/Archives/edgar/data/13811...ex99-1.htm

creative attn to detail for sure ..