Plastic2Oil Inc (PTOI)

[buenokite]

Very good question. But that is the history of JBI/PTOI. This is something of a history lesson but gives you insight into how this scam works.

1) They supposedly have a monopoly on tape reading and it is claimed they actually clear $22 per tape read. The process is fully automatic and it was claimed 700 tapes could be read per day. But they never read even close to that many. And they stop even trying to read that many because John is too busy. What the heck is he doing now?

2) They claim they have a catalyst that the founder discovered on one of those tapes that makes pyrolysis viable. But they never even attempt to license the catalyst. This despite the fact John Bordynuik claims it makes processors he purchased operate at much better throughput.

3) They claim they can produce fuel at $10 per barrel. Yet they never come close and that claim drops from sight.

4) They have a flagship processor #3 that is supposedly not just profitable with plastic but can process HTF that costs around a $1 and turn into into diesel. But they don't even attempt to fix the machines.

5) They claim an engineering company is going to sell, install, and operate a pyrolysis machine with which they have not run a single production run.

You ask a good question and it appears young Johnny is not nearly as good at business as he is at creating schemes to circumvent securities laws. You do have to give him props in a way on using his own mother and children's trust to funnel free trading shares.