Plastic2Oil Inc (PTOI)

[ded60]

I have my bids in for the morning tomorrow but I will not chase it. If I don't get it at the right price my small position will be what I stay with. The public float is very small atm so it may run away from me. There is always another trade. Actually if you look at short term the tapes are where most of the money is at $22 each. The P2O will be a little later. One thing if the information is correct that will be very nice is that plastic that usually cannot be ground and re-used will now be able to be made into oil. Also from experience the plastic that can be re-used is way oversupplied because it loses many of its properties after the first use. Usually added to the raw materials at a 50% or less or it will make junk parts. Re-used plastic good have a tendency to have very poor tolerances ect. It looks like its going to be a while before they hit market saturation on the tapes (there is a crapload of them out there), but when they run out its all over for that part of the income.
P2O will be huge by then if everything goes well. Still some risk but looking pretty good to me. I hope the ingredients for the catalist are not easy to figure out.