Plastic2Oil Inc (PTOI)

[buenokite]

Hopefully believing the company is not part of the DD approach. That is how you lose a ton of money. For example, which one of these statements is true?

Statement A from July 1?

"NIAGARA FALLS, NY--(Marketwired - Jul 1, 2014) - JBI, Inc. (the "Company" or "JBI") (PINKSHEETS: JBII) today announced an update on its Plastic2Oil® ("P2O®") business operations, addressing completion of winter damage repairs, a successful NYSDEC yearly inspection, permit updates, and the delayed Quarterly Report for the Second Quarter.

This past winter was the coldest weather seen in Niagara Falls in years. This caused damage to the water-cooling systems. The water-cooling systems were being heated during the coldest days, however the heating systems were unable to keep up with the high winds and sub-zero temperatures. The damaged water-cooling components have been repaired.

We also had a major condenser failure which necessitated replacement of all of the condensers. The failing condensers allowed for the ingression of water into our fuel storage tanks but the fuel storage tanks did not sustain damage. The condensers have now been replaced with a model known to perform well in the systems over the past three years and the fuel storage tanks have been cleaned." Full link to PR: http://ih.advfn.com/p.php?pid=nmona&article=62760533

Statement B from the 10Q?

"The Company had to shut down its production late in the fourth quarter of 2013 due to severe cold weather that caused damage to condensers and other components of our processors. Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At July 28, 2014, we lacked the working capital or access to bank credit to make these repairs. We are reviewing our financing options, including the sale of shares of our common stock or other securities, in order to allow us to obtain sufficient funds to make the required repairs and resume operation of our processors. "