InvestorsHub Logo
Followers 435
Posts 57599
Boards Moderated 5
Alias Born 01/09/2007

Re: fourkids_9pets post# 294523

Saturday, 09/17/2016 10:17:55 AM

Saturday, September 17, 2016 10:17:55 AM

Post# of 312009
bottom line is at this level of P2O's *evolution* .. PTOI has a beyond enviable Share Structure
(2009 to 2016 ~ sub 125M)

http://www.plastic2oil.com/site/evolution

so it doesn't matter if the 510,000 was *diluted* over the last 13 months (39,320 per) or was sold in
one month for settlement fees/expenses in August 2015

CEs' cycle of money is long overdue for PTOI .. CEs' last orchestrated a run on PTOI in Jan 2013
which as was noted contemporaneously *then* .. their dilemma was in the range of $1.50 to $1.65
(they CONveniently stopped their *run* @ $1.49 then) .. this round price points of *interest* for me
are 10c/20c (area CEs' almost lost in the summer of 2014 with 5 & 10 year NYS permits' issued) and
35 which is what PTOI closed @ on 9.30.13 .. one month after P2O was wrested back and current CEO
infused $Millions .. only to watch PTOI *being compressed relentlessly to close out 2013 @ 10c

it's totally FACTUAL .. and when *fairy tales* are referenced it's because CEs' have nothing left to stop
PTOI's *PPS advancement* .. as was noted on Tuesday when PTOI hit 7c on less than 70,000 shares
and on rather revealing *trades* .. again *NOTHING* makes NN relocate on their elastic ask except
another non retail entity *showing interest* ..

and clearly aspects were digested with last month's filing .. :)

everyone with interest understands what the initial $100,000 infused last month (and the connections)
for anyone new .. it keeps *lights on* (figuratively) thru EOY 2016 .. with the id known (filed) of the 2nd
$100,000 (connections?) and noted via this week's *non visible* update .. it gets *lights on* into 2017
and if P2O garners the remaining $800,000 (noted in last month's filing) .. then P2O remains thru EOY
2017 ..

so the ? becomes for those who've done their DD .. does RH implement aspects in parallel? or present
a fait accompli *first* with P2O's first sale of the founder's disruptive tech? .. or do both in concert ~

that is the CEs' dilemma and everyone with *interest* .. knows it ~

=== this week's Shareholder Update ... and the last Update out of P2O's mgmt from March 2016 ====

NIAGARA FALLS, NY--(Marketwired - Sep 13, 2016) - Plastic2Oil, Inc. (OTCQB: PTOI) -

-- Company progressing on securing additional debt financing to provide working capital -- Executed Memorandum of Understanding (MOU) with potential waste-to-energy partner in Southern United States -- Exploring reduction in warehouse and office space to cut costs and generate working capital

Plastic2Oil, Inc. (OTCQB: PTOI), an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low Sulphur fuel without the need for refinement, today announced several business updates.

Securing Working Capital

The company recently reported in its Form 8-K filed with the Securities and Exchange Commission on August 10, 2013 that it had received $100,000 in financing proceeds from a private placement of 12% secured promissory notes and warrants. On August 24, 2016, an additional $100,000 was received from investors in the private placement. The terms of the current financing were identical to the terms of the company's prior debt financing in which Plastic2Oil CEO Richard Heddle and Heddle Marine Services, Inc. cumulatively purchased $4 million of secured notes, aligning his interests with new investors in the company.

Additionally, in the company's efforts to generate working capital, the company has listed for sale its unused office and warehouse space in Thorold, Ontario. The company cannot make any assurance that a sale will consummate.

The company is also actively exploring other options to monetize its blending facility in Thorold, Ontario. Such options may include seeking either an outright sale of the facility, or leasing the site to generate cash flow. Further details on any potential monetization of the facility will be provided as they develop. There is no assurance that the company will be able to monetize this site.

Plastic2Oil Business Prospects

The primary focus of the business continues to be the license of the company's Plastic2Oil technology to potential partners and businesses that can vertically integrate the P2O process.

The company has recently finalized a Memorandum of Understanding (MOU) with a Southern U.S. company regarding potential licensing of the company's technology and a potential sale of units. The MOU, which is non-binding, sets forth an understanding between Plastic2Oil and a potential partner regarding mutual intent to negotiate and enter in definitive agreements providing for cooperation and collaboration on business ventures related to the production and sale of fuel derived from plastics. The definitive agreements will encompass the first site housing two processors and will define the rights of the partner to develop additional (15-20) facilities. Material developments regarding this relationship will be disclosed in a timely fashion at the appropriate time. There can be no assurance that this MOU will lead to entry into a definitive agreement with the potential partner or that any such venture will generate revenue or profits for Plastic2Oil.

The company is also currently working with a vendor to supply full control systems for Processors #4 and #5, the machines that would be first to be deployed in the event that a sale, license, JV, or other business venture is consummated. The company also remains in active talks with other vendors regarding fabrication and supply of the remaining components of its Plastic2Oil processors.

About the Company

Plastic2Oil, Inc. ("P2O") is an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low Sulphur fuel without the need for refinement. The Company's patent-pending Plastic2Oil(R) (P2O(R)) is a proprietary, commercially viable and scalable process designed to provide immediate economic benefit for industry, communities and government organizations faced with waste plastic recycling challenges.

With its revolutionary P2O technology, P2O has pioneered a process that has the ability to change the way the world handles waste plastic and plastic recycling. P2O is committed to environmental sustainability by diverting plastic waste from landfill and potential incineration.

The Company is also committed to the creation of green employment opportunities and a reduction in the cost of plastic recycling programs for municipalities and business.

U.S. investors can find current financial disclosures and Real-Time Level 2 quotes at http://www.otcmarkets.com/stock/PTOI/quote.

FORWARD-LOOKING STATEMENTS

The information presented in this Press Release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to management's current beliefs, plans, strategies, objectives, goals and expectations, including expectations about the future financial or operating performance of Plastic2Oil, Inc. (the "Company") and its projects, sales, vendor and customer contracts, capital expenditures, capital needs, government regulation of the industry, environmental risks, limitations of insurance coverage, and the timing and possible outcome of regulatory matters, including the granting of patents and permits. Words such as "expect," "anticipate," "intend," "attempt," "may," "will," "plan," "believe," "seek," "estimate," and variations of such words and similar expressions are intended to identify such forward-looking statements. The potential risks and uncertainties that could cause actual results to differ materially from those expressed, implied or forecasted herein may include, without limitation, risks associated with general business, economic, competitive, political and social uncertainties; risks associated with changes in project parameters as plans continue to be refined; risks associated with failure of plant, equipment or processes to operate as anticipated; risks associated with accidents or labor disputes; risks associated in delays in obtaining governmental approvals or financing, or in the completion of development or construction activities; risks associated with financial leverage and the availability of capital; risks associated with the price of commodities and the inability of our Company to control commodity prices; risks associated with the regulatory environment within which our Company operates; risks associated with litigation including the availability of insurance; and risks posed by competition. The forward-looking statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

The Company urges readers of this press release to consider carefully the disclosures in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, which was filed on April 14, 2016.

Contact Information Plastic2Oil, Inc. 20 Iroquois Street Niagara Falls, NY 14303 Direct 716-278-0015 (MORE TO FOLLOW) Dow Jones Newswires September 13, 2016 06:00 ET (10:00 GMT)


===========

NIAGARA FALLS, NY, March 8, 2016

The following is a statement by Richard Heddle, CEO, Plastics2Oil, Inc. (OTCQB: PTOI):

Dear P2O Shareholder:

I want to provide a review and update on the status of our Company.

Operations

In August 2013, I became CEO of Plastics2Oil (“P2O”) during a period of significant transition in the operations of the Company. Prior to becoming CEO, I was a long term shareholder convinced of the viability and commercial need for the Company’s technology and the financial opportunity it presents. I am even more convinced today and I have personally invested millions of dollars into the Company.

As CEO, I have substantially reduced the Company’s monthly cash burn rate. One of my first cost cutting decisions was to cease operations at the RRON facility in Thorold, Canada. I am pleased to report that we recently came to terms regarding the remaining balance of the lease agreement. With that and other time consuming and financial issues largely behind us, our efforts are laser focused on closing the first P2O processor sales in 2016.

Over the next few weeks, we will be sharing important information with you regarding the sales and marketing program that we intend to launch. Our efforts will include direct sales as well as a new partnership. To that end, we made the decision not to further extend our agreement with EcoNavigation as their firm has been unable to conclude processor sales via acceptable terms.

Through years of testing and refinement in conjunction with our outside engineering firm, we are considering brining our flagship processor #3 back online in the coming months. It will be important to be able to demonstrate the commercial viability of this processor by regular operations at our Niagara Falls plant.

Of primary influence to our decision to expand our sales efforts and to bring the flagship processor #3 back on line is our view based on analysis and consultation that oil prices have reached a bottom and could rise to $50 a barrel by the end of the year.

While the price of crude is a factor in certain economic analysis pertaining to our processor sales, it is not the only factor. There are significant costs associated with landfill disposal.

Financial decisions regarding P2O’s disruptive technology are based on the results of models that are tailored specifically to each potential client. These include, but are not limited to, the anticipated life of a processor or cluster, specific configurations of customers’ sites and facilities on hand, and the ability to integrate P2O’s technology into existing operations.

Internal Changes

While our primary focus continues to be on the sale of our disruptive technology, a number of internal operational changes are being addressed:

The Niagara Falls plant will provide a source of revenue in the coming quarters. The Company plans to raise additional outside capital for the restart of flagship processor #3 and we are also considering modifications to our processor #2 in order to improve economies of scale and resultant cash flow.

Plastics2Oil owns a fully permitted fuel blending facility in Thorold, Canada. Regional demand justifies bringing the facility back on line and we intend to lease the blending facility to a qualified independent operator in 2016.

We will continue to draw support from our loyal shareholder base that includes individuals with impressive business credentials, experience and acumen. Valuable strategic suggestions have been offered and are being evaluated. I am also considering making important additions to our management team in the coming months and we may establish an advisory board.

Madison County, New York

Many P2O investors may be aware that an RFP has been issued by Madison County, New York. We applaud Madison County’s role in recognizing environmental issues and initiating a regional alternative to the disposal of agricultural waste plastic in landfills. In the past, P2O has successfully processed plastic feedstock for Madison County.

A single P2O processor operating at full capacity can process nearly 30 tons of hydrocarbon/feedstock material per day. We know of no other company that provides a more viable solution. We will continue to evaluate the situation to determine if there is a worthy, viable proposal that can be submitted. If no responsible bid is accepted by Madison County for their RFP, P2O will attempt to provide other solutions that may work for our neighbors in Madison County.

Our Environment

Beyond the financial considerations for our Company is the impact the disposal of plastic has on our environment. Each year over 30 million tons of plastic waste enters our fragile ecosystem. Costs are incurred to find, extract and refine crude oil; ultimately only to incur additional costs in returning that crude oil, now in the form of plastic, back underground via landfills. Equally offensive is seeing plastic as litter accumulating in our streets, oceans, lakes and streams.

All of us at P2O believe that market needs and government regulation will drive the widespread deployment of our technology. Our solution presents a compelling financial opportunity and delivers with substantial and obvious environmental benefits. Like many of you, we are resolute that environmental issues need to be handled responsibly now, not left for future generations.

Lastly, I want to personally thank each and every P2O shareholder for their invaluable support.

Best regards,

/s/ Richard Heddle


Richard Heddle, CEO
Plastic2Oil, Inc.

About the Company

Plastic2Oil, Inc. (“P2O”) is an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement. The Company’s patent-pending Plastic2Oil® (P2O®) is a proprietary, commercially viable and scalable process designed to provide immediate economic benefit for industry, communities and government organizations faced with waste plastic recycling challenges.


With its revolutionary P2O technology, P2O has pioneered a process that has the ability to change the way the world handles waste plastic and plastic recycling. P2O is committed to environmental sustainability by diverting plastic waste from landfill and potential incineration.


The Company is also committed to the creation of green employment opportunities and a reduction in the cost of plastic recycling programs for municipalities and business.


U.S. investors can find current financial disclosure and Real-Time Level 2 quotes at http://www.otcmarkets.com/stock/PTOI/quote.


FORWARD-LOOKING STATEMENTS

The information presented in this Press Release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties. Forward-looking statements include, but are not limited to, statements with respect to management’s current beliefs, plans, strategies, objectives, goals and expectations, including expectations about the future financial or operating performance of Plastic2Oil, Inc. (the “Company”) and its projects, sales, vendor and customer contracts, capital expenditures, capital needs, government regulation of the industry, environmental risks, limitations of insurance coverage, and the timing and possible outcome of regulatory matters, including the granting of patents and permits. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “will”, “plan”, “believe”, “seek”, “estimate”, and variations of such words and similar expressions are intended to identify such forward-looking statements. The potential risks and uncertainties that could cause actual results to differ materially from those expressed, implied or forecasted herein may include, without limitation, risks associated with general business, economic, competitive, political and social uncertainties; risks associated with changes in project parameters as plans continue to be refined; risks associated with failure of plant, equipment or processes to operate as anticipated; risks associated with accidents or labor disputes; risks associated in delays in obtaining governmental approvals or financing, or in the completion of development or construction activities; risks associated with financial leverage and the availability of capital; risks associated with the price of commodities and the inability of our Company to control commodity prices; risks associated with the regulatory environment within which our Company operates; risks associated with litigation including the availability of insurance; and risks posed by competition. The forward-looking statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


The Company urges readers of this press release to consider carefully the disclosures in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K, which was filed on March 31, 2015.


Contact Information

Plastic2Oil, Inc.
20 Iroquois Street
Niagara Falls, NY 14303
Direct 716-278-0015









10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --