Plastic2Oil Inc (PTOI)

[retiredptt]

Correct me if any of this has been realized.

Bordynuik claimed that his P2O process, 8-K'ed to be repeatable and scalable, was to accept mixed, unwashed and unsorted plastics that can be continuously fed into its machine along with his secret unpatented catalyst to produce oil at $10 per barrel. In an interview with Techibest Bordynuik claimed his $10/barrel was a very conservative amount. It is much less and that he doesn't throw numbers around lightly. He claimed his management team has completed many $100M+ private deals that do involve complex costs and with that experience they loaded up the JV business model with every cost imaginable including: royalties, maintenance, labour, permitting (URS), operator, spares, and then after determining those costs (really loaded up), they cut production in half.

Also, in an interview with the Wall St. Reporter Bordynuik claimed his processor could process about 20 metric tons of mixed plastics everyday. And I quote, "We are still at about 125 barrels a day and at the west, WTI the — I think it’s about $71 a barrel right now today. We clear $68 with delivery charges in and the clear is about $2.2 million per site. We are doing that business plan on a mass of land rush with our management team, which is good at high-growth models. So, our plan is to launch 2,500 sites over the next few years. This doesn’t include the best scenario, which is really installing a cluster of processors into an oil tanker. Our greatest, so our greatest barrier at this time is how to deal with a 35% tax that we will be having to deal with on the Plastic2Oil sites. We are working on that now."