Plastic2Oil Inc (PTOI)

[DZ25]

The thud you just heard was that of the collective jaws of the faithful hitting the floor in shock and amazement that the (cough, cough) deals are dead! In true JBI fashion, the tiny little carrot left dangling to keep false hope alive: "however, the parties continue to pursue joint opportunities for the sale of processors to third parties." WOW, just WOW.




Expiration of EcoNavigation Agreements



As previously reported, the Company Plastic2Oil, Inc. (the “Company”) entered into four related agreements with EcoNavigation, LLC (“EcoNavigation”) in connection with the supply of plastic-to-oil, or P2O, processors by the Company to EcoNavigation. As of January 27, 2016, such agreements expired and were not renewed by the parties, however, the parties continue to pursue joint opportunities for the sale of processors to third parties.