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  4. Plastic2Oil, Inc. (PTOI) Message Board

"Mr. Bordynuik’ s voting ability is limited to

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Post# of 43066
Posted On: 03/31/2013 9:59:21 PM
Posted By: stocker11
Re: techisbest #4906

"Mr. Bordynuik’ s voting ability is limited to certain matters of the Company, pursuant to an agreement with certain shareholders of the Company, however, even with these limitations, he is able to exert a significant degree of influence over matters requiring shareholder approval, including the election of directors, any amendments to our articles or by-laws and significant corporate transactions.


Thank God for that!


The interests of this concentration of ownership may not always coincide with the Company’s interests or the interests of other stockholders.  For instance, officers, directors, and principal stockholders, acting together, could cause the Company to enter into transactions or agreements that it would not otherwise consider.


Thanks God for that!!


Similarly, this concentration of ownership may have the effect of delaying or preventing a change in control of the Company otherwise favored by our other stockholders.


Thank God for that!!


This concentration of ownership could depress our share price."


And this from the CEO/CFO who said they didn't care about the share price or up-listing.


At least there is someone looking out for the little shareholders (Tech excluded, as it appears he wants those formerly from RKT totally in-charge of our best interest).  You think John wants this company sold out from under us for pennies on the dollar and to lose something he's he started and is so passionate about?  No, it's nice knowing that John still has a little say in what's going on with the company he started and I don't believe for 1 minute that he would ever vote against anything that is in the company's or shareholders best interest.  He's busting his butt working 60-90 hours a week attempting to perfect this technology for roll-out - for us.  Also remember that this paragraph was written by those who fly in and out of St. Louis and show up at the office for how many hours a week - 30? Right.



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