Plastic2Oil Inc (PTOI)

[the big guy]

This is a gross overstatement of the potential from selling P2O.

"There are two nearly complete processors that could be shipped in a few weeks time should a purchase order be closed. A case can be made the estimated cost for the fabrication each processor is in the area of $1 million. That would result in a gross profit for each processor sold of $7 million. A sale could be announced at any time. "

Otherwise it is not badly written.

I agree that there is public information that the price is 8-9 Million. Any business justification that justifies that is far-fetched, but I am also selling my '82 z-car for 100k. There you go.

What public document do we have that indicates that there are serious negotiations? I think the only info on that has come from JBI.

Most importantly, how do you get a Cost figure of $1 Million? The best information on Cost comes from the SAIC Summary, which indicates a cost for a 3-unit cluster at 9 Million.

The only other information that we have is what was on the books for "construction - in - process" of something over 1 Million. I do not have the exact number. That would be the incurred cost for the 2 "processors" being fabricated for Units 4 & 5.

So how do you get a total cost of 1 Million for Units 4 or 5 completely up and running on customer site?