Plastic2Oil Inc (PTOI)

[the big guy]

Here is the text from the article (April 26, 2010):

..BI, Inc. (the "Company") (OTCBB: JBII | PowerRating) would like to announce that its JAVACO division achieved a 52% increase in sales for the first quarter of 2010 compared to the first quarter of 2009. JAVACO was able to achieve higher sales partly due to an extended line of credit provided by JBI, Inc., allowing JAVACO to accept larger orders.

About JBI, Inc. .. blah, blah..

Well, all I meant was that anytime you give % figures instead of numbers it is misleading, except for those with a brain. Anytime you search for stocks with a screener using growth (revenue growth?) parameters you have to watch out for this. Any startup company will have deceiving high growth numbers for it's first year or several years. If your sales go from $10 to $40 that is a whopping 400%, which means didly squat. If they had given real numbers it would have had some real meaning.

I do have to give them credit though for providing an explanation, that in fact detracts from the point being made. Simply having more credit does not imply anything about increasing sales in a company, so why release the information in the first place? If they had absolute numbers it would be far more credible than that kind of explanation.

in fact, I know exactly where Javaco is, from a phone conversation I had with the management. I called them just for fun and asked about franchising. I was looking for MLM-type features and found none. At that time (several months ago) they were just starting to get business in the Niagara area and attempting to expand to Toronto. Really just getting off the ground.