Plastic2Oil Inc (PTOI)

[tradermax102]

Hmmm...i smell a rat. First off, i am not long or short this stock, if you want to call it that. The float on this "stock" is so low that a little over 1 million shares is enough to make it go from $1 to $5, yet CEO owns like ~75% of it. That should be your first clue. Second, this a bulletin board traded stock and is so for a reason. Reading all the press releases I have yet to see anything other than hype, no real results of anything. This P2O crap, is just that, turning plastic to oil is nothing new. There are already many companies doing it. JBII is just buying existing machines from other companies. Anyone can buy this machine. They claim that they have a secret catalyst that is a trade secret and they found it on 30 year old NASA tapes and now they use it with old p2o technology. I would love to hear how a guy sat in front of a computer as these tapes were being read and millions of lines of data fly by on the screen and he says "there is is, the secret catalyst that will let me take p2o machines that are very inefficient and not really worth operating but if i mix in this catalyst...." you get the picture. If this really happened, great. Do i believe it.....no. Can somone explain to me why I should believe that this really happened? Also where do they plan on getting all this money to buy all these machines? I heard they are like $500K a piece, plus setup and overhead, etc... so 2500 of them is several BILLION dollars...that they dont have...I'm pretty sure they dont even have cash on hand to buy one machine. Another thing....$10 million in media credits on their books........anyone care to explain this???????????? Wake up people. what do they really think having a p2o machine on a ship will do? This company was just a shell company called 310 holdings, that JBII ceo bought, used the worthless shares to buy several other companies that dont make hardly any money, then merged his tape reading companies into, changed the name, and came up with this p2o thing. How on earth does this make for a good company?