Plastic2Oil Inc (PTOI)

[tykundegex]

You may be spot-on with your assumptions. Here is a couple of snippits from an e-mail I got from somebody at JBI a couple of weeks ago. It reinforces what most shareholders are hoping, which is that JBI has simply changed tack from aggressive and vocal, to cautious and secretive, but are still very much moving forward with P2O.

"An analogy I would like to use for our position right now is that: slow is fast, and fast is slow. We are at a stage where we have to take things slow, to make sure that all of our bases are covered before we start to penetrate the global market with this technology. If we were to expedite everything and rush these machines to the market without thinking about the consequences, it could end up being a very slow process (operational, regulatory, financial risks) or worst, a disaster, and would deteriorate JBI's shareholder value significantly."

"...we must establish an infrastructure that will create long-term value..."

Clearly it's frustrating to see the share price suffer as a result of the "slow is fast" approach, but if you're long on JBII it doesn't matter, and it's clearly the only way to proceed.

Let's hope a near-future filing will shed some light on the progress!

Tykün