Plastic2Oil Inc (PTOI)

[fourkids_9pets]

EMAIL Sent @ 10AM to IR ([e-mail]) with the following questions

(all questions compiled from PMs/emails/various SMBs .. my aplogies
if i've missed anyone's question)

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My Question just one,how is the training of personnel for new sites going and can they keep up with production of new plants??

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How about asking if they expect positive fuel margins for the current quarter. That would be interesting to a few people.

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Is US Steel a customer of JBI's? If so why is that info not noted via filings?

What is the connection with JBI and Demetra Tsiamis? Is she a paid consultant of JBI's?

http://www.linkedin.com/pub/demetra-tsiamis/47/924/713
http://www.seas.columbia.edu/earth/wtert/sofos/ms_thesis/Demetra%20T_Thesis%20Final%20Rev%20for%20publication_March%2016.pdf

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1. The company provided poor guidance of cash flow positive which some investors have questioned since early Q4. Given the financials and changes being made to the processors, it is almost impossible to have such outlook. Is the issue with Finance not forecasting revenue and cost based on operation inputs given that most of the issues should be known within the company?


2. Third processor – another guidance miss and the company should not have indicate completion of the 3rd processor by Q1. Based on all indications, there are still issues being ironed out (I would have to assumed it’s related to Petcoke, is the design mentioned from Q3 of last year been built and tested?). While it is understandable that the company would try to build a complete processor, the company is not providing any progress update.

3. No updates on RockTenn, no timeline have been provided at all on the partnership which should be crucial to the company’s success given the guaranteed feedstock. Investors are not getting a strong sense of how secure this partnership is.


4. Feedstock Procurement – as some investors have raised concerns in the past, with the increased feed rate, there will not be enough quality free plastics to support operations. The company has always maintained the position of using free plastic and that there are enough plastics, the concern now is feedstock pricing and how it impacts the $10 cost that have previously been suggested.


5. Outlook and Timeline - the latest 10k does not provide any guidance given the issues that the company is experiencing, which in some investor’s opinion has led to the stock price decline. While the fluctuation of equity pricing and issue with small cap companies is expected, the silence and with no operational/financial guidance does not help. Can’t stress enough the importance of providing a progression timeline to shareholders given that financials are mostly meaningless at this stage. Timeline also represents accountability as Management could be measured against (example: approximately time of when certain issues are resolved, target progression at Rocktenn site, etc).



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1. Is achieving cash-flow positive results your #1 objective, and what is the biggest barrier today that prevents you from getting there?

2. What is your revised guidance (as promised in the Feb PR) for achieving cash-flow positive results, and what are operational levels you believe are required to get there vis-a-vis uptime, # operational processors, feedstock costs, margin, fuel prices, etc.?

3. Please can you explain the residue issue in more detail. E.g. Does residue build-up require a cold clean-out every 3-5 days, how does HTF help this (if at all), and what is "hot-tapped" out versus cleaned-out cold?

4. If you require another fundraising before being CFP, what will the management team do to avoid the possibility of "death spiral financing" (which can be suffered by perfectly legitimate companies with compelling products but who simply have a cash crisis)?

5. Do you still expect to install at least a 3-processor cluster at RKT in Florida, and very importantly can you please confirm you will be processing the waste plastic they have been storing on-site for years?


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I'm sure others will cover all the topics but here is my instant list.

Status? 1/2/3, Jacksonville, Staff expense, BOD, HTF, Railhead, Roll-out, CFP, Exchange update, Defamation.


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Please provide the following:

1. Gallons produced in Q1.
#2_______
#6_______
Naptha______

2. Gallons shipped in Q1.
#2______
#6______
Naptha______

3. Cash Balance at 3/31.


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*legal* question posted on Monday morning >> to be submitted to IR in its totality

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1.)What is your cost per gallon when buying the optimal HTF in the quality and quantities needed for processing?

2.)What is your cost per pound for buying optimal plastic feedstock on a consistent basis to insure the quality and quantity needed?

3.)What are the current feed rates being used for processor one and two?

4.)What are the current uptimes for processor one and two?

5.)Will you need new any permits to process HTF now or later, or for the storage of, or for any other reason in regards to HTF?

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4kids
all jmo