Plastic2Oil Inc (PTOI)

[techisbest]

janice_shell: I guess you (and many others) and I see what was reported in the CC completely differently.

I see a company addressing a number of significant issues. What was most important to me is that they have not waffled one bit on their ability to produce oil from plastic cheaply and efficiently. In fact they reported that the process is more efficient when scaled up. Thus the need for dealing with the excess off-gas.

I see a company that has a processor running in steady-state, ready for the stack test (which may have already taken place) and waiting for the DEC to sign off on what JBII has said all along is a process not producing any toxins. It would be a huge surprise at this point to find out otherwise.

At what point did JBII know there were big problems with the process that needed to be addressed? This seems to be the biggest issue. Many investors were buying with the expectation that they were close to being production capable. Were the issues reported in a timely fashion?

Probably not.

Was the financial mess used as a cover-up for the processor issues?

Perhaps.

Nonetheless, the sensor and off-gas issues have been addressed in a very satisfactory manner. I suspect that the company knew they could address these issues and did not want to create panic where it was not necessary. It was good to have the financials, and the financial process, upgraded. It was good to have the time to have the blending facility refurbished.

We are now about one quarter later than where many of us thought we were shortly following the AGM. That is not a long time in the development of a new process.

The "dream" lives on.