Plastic2Oil Inc (PTOI)

[micham2012]

I did the same math and came up with the same numbers, and I called Katie to inquire. My understanding from her is that there is no shortage of tapes for them to read (i.e., millions). In fact, if I understood her correctly, NASA continues to generate tapes on an ongoing basis that need to be read by the Company. FWIW, she was very nice and I am quite certain she was straight with me -- she was "unrehearsed" to say the least. I can understand why the Company is looking for an IR person.

Obviously at $22 or so per tape, the revenues from the 50 tons of tapes is only about $450,000. At the same time, you can understand why they don't want to store more than 50 tons on site.

I don't think you can tell anything about the size of the tape reading operation from the 10Q. I had hoped for some guidance in this area, as the tape reading revenue provides a floor for the price of the stock.