Plastic2Oil Inc (PTOI)

[tykundegex]

The 25 JV's comes from an e-mail I received from Katie a few weeks back:

"The current franchise situation is this, we are in the process of setting up 25 joint ventures. These will be operating in Niagara Falls, NY, Pennsylvania, and Florida. These are going to be our first set of franchises and a test run for the P2O joint ventures. Each state/country/region have different regulations and requirements regarding our P2O process and we have decided to start with the above 3 states for now. After the set up and the first 25 joint ventures we will be looking to rapidly expand into other areas."

And then in the CC, when asked about the status of these 25 JVs, the reply was "we cannot comment on the PIPE at this time", hence
why it appears they're funding these themselves.

Just speculation on my part though.

S.