Plastic2Oil Inc (PTOI)

[loanranger]

New to PTOI? Read these three sentences.

From the companies most recent filing with the SEC:
"The Company had to shut down its fuel production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of its processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. As of the date of this report the Company lacked the working capital or access to bank credit to make these repairs."
http://www.sec.gov/Archives/edgar/data/1381105/000126493114000399/plastic2oil10q2.htm

Per the same report:
"As of August 14,, 2014, there were 114,530,943 shares of Common Stock"
Today's market price per share: $.1239
Resulting market cap: $14,190,383

The market believes this company is worth $14 million, yet it can't scrape together between $175,000 and $200,000 to fix its out-of-commission production equipment and they can't find a bank that will lend it to them.


Ask yourself why the four dozen links in the previously provided list only include one that deals directly with the Company's finances and why it is over a year old.
PTOI, Inc. Announces Initial Third Quarter 2013 Fuel Production, Files Form 10-Q for Second Quarter 2013, Announces Board and Governance Changes, and $3 Million Secured Debt Commitment
http://finance.yahoo.com/news/PTOI-inc-announces-initial-third-120000877.html
(I can't explain why the link itself doesn't work(all I did was copy and paste it from the prior post), but if you're interested in the content it can be found here:
http://www.sec.gov/Archives/edgar/data/1381105/000121390013004503/f8k081413ex99i_jbi.htm )