Plastic2Oil Inc (PTOI)

[jjsmith]

I agree with most of what you said except the share price will likely be below $.10 pretty quick. From here, I think it's just a race to see who can get out first. Realistically, this company is probably worth about $500K so less than a penny per share. Anything more than that is highly overvalued. I think what you will likely find is a bunch more optimistic messages followed by the share price continuing to tank while shares are unloaded. This P2O was a simple concept that the CEO made people think would be deployed over a year ago. http://globenewswire.com/newsroom/news.html?d=167300

Remember when he balked at the permit taking months and said "weeks not months". Well once again he doesn't seem to feel the need to correct himself. This has happened repeatedly for over a year now. The CEO hypes up P2O, makes shareholders feel like it will be making money "soon" then fails to inform them that his predicitions are wrong once again. All the while shares are being dumped on the market. People need to understand that the early shareholders are in at a very cheap price. Dumping for anything is likely to yield them a profit so all they need is liquidity, the price doesn't really matter.

well, you could be correct. but, ballistic is a relative term. my thought is by the time we get it, we will be at around .25, or perhaps less.

in fact one poster here has speculated with some definitiveness, around .38. again, i say much lower.

at any rate, it goes "ballistic" when the permit hits, from .25 to .40, maybe .45. which, naturally is way below what it is currently.

then, the whole vicious cycle begins again.... on the brink of this, on the brink of that, wait for run tickets, wait for financials, wait for this, wait for that.

if, the permit ever comes, depending how long, i dont see this ultra piece of garbage burning garbage above .70 @ EOY. hope no one has high hopes otherwise.

i know mine have been dashed by the consistent BS that needs to be dealt with by the fledgling CEO, and has not been. oh, and of course the without fail daily 1..2...5 % knockdown in price, each and every day.