"Not sure what or if there are any SEC ramificatio
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Posted On: 04/17/2019 1:11:02 PM
Re: Commando911 #40914
"Not sure what or if there are any SEC ramifications for failure to file.....I may be wrong, but isn’t 15 days the number to file after filing for extension of a K?"
PTOI could get kicked down to the Pink Sheets...oops it's already there.
There aren't any real ramifications if PTOI stops filing altogether. The 10-K should be copy and paste with few modifications but I'm guessing Mr. Heddle doesn't want to pay for the auditor. Money in PTOI's accounts which would be spent is money which can't find it's way to Mr. Heddle's pockets so Mr. Heddle would be effectively paying for an audit out of his own pocket.
It doesn't make much of a difference whether PTOI files or not--that doesn't help shareholders. Likewise PTOI can continue trading for decades even if it goes completely silent. I don't know what counts as "surviving" but trading and filing seem to be high on the list for investors for considering survival. Maybe psychologically investors will feel negative toward PTOI if filings stop but maybe seeing the shares trade would be enough to keep optimism going.
In reality, investors should be laser focused on why Mr. Heddle hasn't communicated PTOI's value proposition. That's something legitimate companies want to do, so a company avoiding doing so is a red flag. What exactly goes into the processor and what exactly comes out?? Is there any actual value being generated?? Months of Mr. Heddle's silence on that topic should speak volumes, let alone five and a half years.
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PTOI could get kicked down to the Pink Sheets...oops it's already there.
There aren't any real ramifications if PTOI stops filing altogether. The 10-K should be copy and paste with few modifications but I'm guessing Mr. Heddle doesn't want to pay for the auditor. Money in PTOI's accounts which would be spent is money which can't find it's way to Mr. Heddle's pockets so Mr. Heddle would be effectively paying for an audit out of his own pocket.
It doesn't make much of a difference whether PTOI files or not--that doesn't help shareholders. Likewise PTOI can continue trading for decades even if it goes completely silent. I don't know what counts as "surviving" but trading and filing seem to be high on the list for investors for considering survival. Maybe psychologically investors will feel negative toward PTOI if filings stop but maybe seeing the shares trade would be enough to keep optimism going.
In reality, investors should be laser focused on why Mr. Heddle hasn't communicated PTOI's value proposition. That's something legitimate companies want to do, so a company avoiding doing so is a red flag. What exactly goes into the processor and what exactly comes out?? Is there any actual value being generated?? Months of Mr. Heddle's silence on that topic should speak volumes, let alone five and a half years.
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(0)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.