Plastic2Oil Inc (PTOI)

[tykundegex]

The beauty of the franchise/JV model is that JBI doesn't need to finance anything in order to rollout a large number of P2O sites. It's the JV partner that has to poney-up the $400k.

However, a few comments from JB imply that the PIPE is being used to finance the first few JVs in the 25 already identified sites. This is perhaps because they want more control than a JV would offer, or maybe because they want 100% of the revenue

S.