Plastic2Oil Inc (PTOI)

[Steady_T]

Your first line is correct....More math problems.

You incorrectly use the 80% number from the SAIC summary.

For some unexplained reason you take the 80% conversion rate of plastic into fuel and use that to convert plastic in PLASTIC.

Makes ZERO sense to do that.

Then you take that erroneously reduced plastic amount and apply a plastic to fuel conversion rate of 9 lbs/gal a second time.

Talk about math problems..... Wow, just Wow.

After that erroneous calculation you convert from gallons to barrels using the beer barrel volume of 31 gals/bbl.

An oil barrel is 42 gallons.

Then from there you decide to use a sale price of $90 per barrel which seems very strange since JBI has documented sales of product at $109.80 per barrel. That is an 18% decrease in sales price for no discernible reason.

As you say "More math problems".