Plastic2Oil Inc (PTOI)

[Tson99]

I have attended the last 2 AGMs. I went to this AGM to specifically hear what the CEO had to say and how he had to say it. I thought both Kevin and Tony were fantastic. Matt looked a little nervous at first but still good.

Here is what I liked:

1. From Kevin: "I did not leave a VP position at a fortune 500 company for a maybe"
2. From Kevin: "As an executive team we will be accountable to each other and you the shareholder"
3. From Kevin: "Failure is not an option"

Kevin seemed keenly aware that there was discontent among shareholders regarding how information has been given in the past. I think John is great but in my opinion he failed at setting expectations for share holders. During the conference call in February he said the JBI now has 2 processors up and running,and could run at a 75% uptime. He didn't qualify that they were not in production mode. Also, he talked about the new building being completed. The shell of the new building might have been completed but Kevin said that they just finished pouring the floor 5 or 6 weeks ago so obviously the building was not completed in February. Those are just a couple of examples. I understand that things can change quickly in a startup company, it's just frustrating when you are led to believe something and then that didn't happen.

As far as transitioning JBI from a startup to real company I don't think John knew what he didn't know. Kevin and Tony know that in order to succeed you have to have a solid business plan and you have to be able to execute it.

Tony talked about operations and how you have to constantly evaluate your processes. "If you implement a process never evaluate it how do you know if it is working properly? We will constantly be evaluating and optimizing our processes/operations" They will establish metrics to measure performance.

I definitely believe this is not the first time Kevin has come up with a strategic business plan and not the first time Tony has optimized operations.

I also believe that there will be multiple processors in various stages of completion before too long. I think they will attempt to get as many processors going as quickly as possible.

I believe the next 6 - 18 months will be very exciting and profitable for all JBI Longs.

Tson99