Plastic2Oil Inc (PTOI)

[jjsmith]

At $15/barrell, wouldn't the claim be considered false and misleading? The claim is $10/barrell, not $15.

Now, how about $15/bbl:
JBI: A Conservative P2O Valuation Approach

This is an attempt to break the business model on the first 5 processors, and see what the results are.

Assumptions:

O/S: 53,000,000 (Roughly 1.5 million more than current)
Oil: $60/barrel (Bear market/Deflation)
Production:32,000 barrels (20% downtime)
Cost: $15/barrel(claim is under $10)
WTI (Should get WTI+$2, blending site should increase margins)
Taxes:40% (No tax incentives or credits)
PE:100 (Should be very achievable with easily replicated machine and media attention to cheap production, waste to fuel)

EPS/processor: 0.0163

1 Processor $1.63
2 Processors $3.26
3 Processors $4.89
4 Processors $6.52
5 Processors $8.15

Still very good numbers. What are the odds that every variable will come under claims or expectations?