Plastic2Oil Inc (PTOI)

[Rawnoc]

My 10K take:

(1) The theory that the 10K wouldn't be filed was nonsense.

(2) The theory that there would be restatements was nonsense.

(3) The theory that a private transaction between private shareholders 5 years ago would have to be accounted for in the 10K.....was nonsense.

(4) The theory that nobody would want to sign the 10k.....was nonsense.

(5) Potential sales continue: "We believe that our process has many advantages over other commercially available processes in that our P2O solution requires a comparatively lesser initial capital investment and yields high-quality, ultra-low sulphur fuel, with no need for further refinement. Additionally, our process uses comparatively little energy and physical space, which, in our view, makes it better suited for high-volume production and expansion to multiple sites."

(6) Operating cash flow was down to less than $1 million for the quarter or a little over $300,000 per month.