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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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From: PaperProphet	9/15/2019 1:05:51 PM
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Looks like someone on IHub wants to know exactly when the statute of limitations runs out on suing PTOI for fraud. The clock on the statute of limitations starts ticking once a victim discovers that they've been deceived or should have reasonably been able to discover the deception. That's not a cut-and-dry date. Additionally a penny stock scam company hides information which makes it more difficult. Often no investors can directly prove that the company was deceiving them. An investor would almost literally have to say that it dawned on them over time that they were deceived. It's vague and would be embarrassing for an investor to essentially say, "I woke up one day and got smarter." That's undoubtedly one of the reasons these penny stock scams rarely get sued for fraud except by the SEC. I've never seen penny stock investors start a class action even after clearly being defrauded. Even if investors want to start a class action, the swindlers would drain any remaining cash from the company and hope to leave lawyers suing an empty shell of a company, often already laden with liabilities. For the latter, not everyone understands that a lawsuit doesn't have to stop at the company doorstep--a lawsuit can pierce that corporate veil and go after the real perpetrators. Plastic2oil falls under that category--nobody can definitively prove that PTOI can't transform plastic into salable diesel for a total cost of under $0.25/gallon. A person would have to go through the math or logic to show that the company intended to deceive investors, either directly or through lying by omission. I believe there's a clear and ongoing case of fraud at PTOI and that laying out the facts would make a very strong case that fraud is occurring. And again, as the SEC has shown, a fraud suit doesn't have to stop at technically insolvent PTOI--it can go after PTOI founder Mr. Bordynuik and current CEO Mr. Heddle. Mr. Heddle in particular appears to have some assets from which investors could receive restitution. However it would take an investor willing to step forward to start a class action. I highly doubt that will happen.

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