Plastic2Oil Inc (PTOI)

[jjsmith]

Not gonna happen. Can you imagine a decent investigative reporter asking John the same questions I have posed? They would make him look silly on national TV. He will have a tough time explaining how he will make oil for $10 per barrel when his labor costs almost that. Then add in feedstock and overhead and you are probably looking at a loss of more than $10 per barrel. Then when they question his books and all the restatements, etc, he will look even more foolish.

John is a media hound and if John thought he wouldn't be made to look foolish, he would have contacted one of the big news companies, ABC, CBS, FOX, MSNBC, CNN, NBC, etc and had them do a story. The fact that he hasn't is very telling. John doesn't have the answers required to not look like a fool in a real interview. GAME OVER!

All hell is going to break loose, in a positive way, after the permit media-wise IMO.

Materially dead wrong again. Let's review....

(1). PAKIT had RECORD sales last Q of $1,794,934. When they acquired it, you described them as a no growth company with $5 to $6 million in annual sales. Last Q's annualized sales rate was $7,179,736 or 31% growth already above the midpoint of that range. A 31% growth is not a "drop in sales" as you falsely claim.

(2). PAKIT saw a 95% reduction in their net loss in a single sequential Q from $500k down to an immaterial amount of $25k. This is a massive improvement in efficiency.

(3). Nobody said anything about one time costs this Q for PAKIT. Rather, it's corporate expenses for P2O that are included in the PAKIT expenses yet the segment still managed to effectively break-even and is positioned, obviously, to generate substantial profits in Q4 (current Q) and at record levels of both sales and profits.

Wrong. Why would corporate expenses for P2O be included in pakit expenses when they have a seperate category for P2O itself. Withum made them break out the companies into three for a reason. There should be ZERO P2O expenses booked under pakit. They should be booked under P2O period adn they probably are.

We all know you cannot annualize a few quarters unless you compare a quarter to last years quarter. With a little DD you would have found that one of the quarters that JBI had, just happens to be the best quarter EVERY YEAR. You can't take for example the christmas quarter for a retailer then annualize it and claim sales are up. Very fuzzy math. Nice try. BINGO DEAD SPOT ON AGAIN.