Plastic2Oil Inc (PTOI)

[jaxstraw]

It actually sounds as if Heddle's intentions are on turning JBI into only a machine shop.

The mysterious 'engineering firm' duties that are described cover just about everything else and they take all the daily burden.

So who is actually going to take the lions share of any profits ? One would have to think the entity who is in it long term operating and maintaining them and not the one-off machine shop making them.

The Company intends to focus on the technology, develop unique feed systems for customer-specific requirements, and to manufacture the core processor components.

In addition to its sales assistance, Company Management anticipates having the engineering firm
- install,
-operate and maintain processors as well as
- provide all auxiliary support systems.

This will enable Management to focus on potential customer implementations.

From the 10K....

We rely in part on trade secrets to protect some of our intellectual property, and our failure to obtain or maintain trade secret protection could adversely affect our competitive position.

We rely on trade secrets to protect some of our intellectual property, such as our proprietary catalyst. However, trade secrets are difficult to maintain and protect. We have taken measures to protect our trade secrets and proprietary information, but there is no guarantee that these measures will be effective. We require new employees and consultants to execute confidentiality agreements upon the commencement of an employment or consulting arrangement with us. These agreements generally require that all confidential information developed by the individual or made known to the individual by us during the course of the individual’s relationship with us be kept confidential and not disclosed to third parties. Nevertheless, our proprietary information may be disclosed, or these agreements may be unenforceable or difficult and costly to enforce. If any of the above risks materialize, our failure to obtain or maintain trade secret protection could adversely affect our competitive position.