Plastic2Oil Inc (PTOI)

[jjsmith]

Boiler Plate. I don't foresee dividends by Xmas either, but that language is what all companies have in their filings that don't pay dividends including even Microsoft before they paid a monster dividend years ago.

Another huge red flag. When people talk dividends, yet the company is barely making a profit and is presently being held up by PIPE funds as was the last company the CEO ran. The odds heavily favor another attempted PIPE offering before any dividends would be paid. I say attempted because I don't think they will find more folks to pony up. I think the last ones did because they thought the tape business was profitable and would be worth something if p2o didn't make anything, but now the cats out of the bag. John Bourdynuik Inc, tape business was unprofitable every quarter that records are available according to the SEC. And yes, that is the same tape business that is now a subsidiary of JBII. We must assume the tape business is still losing massive amounts of money because they refuse to break out revenues between the companies. Why?

As for P2O, it has floundered long enough. They made claims of one machine making i think $3 million a year so if they even attempt JV's or another PIPE offering, that would be considered throwing in the towel and our confirmation that they have no faith in P2O's money making potential. If they did, they would just run the machine and at $3 million a year, they will be able to buy many more machines and shouldn't need a PIPE or and JV's. With the claims they have made, it is very disturbing that they have not made a penny yet from p2o, but the claims of future profits from P2O were made almost a year ago and still nothing from it.