Plastic2Oil Inc (PTOI)

[Justice37]

RE: Waste Management. John didn't tell me how close the deal with Waste Management is to completion. If he did I'd have beaten him with a long plastic hose because it would be against the law for him to provide me with information not provided to the general public, and second because if he ever makes a comment about when he expects anything to be completed I'd beat him with a hose for doing it again. We are only going to hear about deals when they are large enough (he said he isn't going to provide a PR regarding small contracts, he will wait until there is something substantial to report and provide a PR at that time) and only after the ink is dry.

He did confirm some things mentioned in the CC. Waste Management could not conduct an Audit until JBI had a permit to operate P2O and go into production. At that point the recycling site could be audited. The reason the audit has to occur is that they have to confirm what is happening to the plastic or they are on the hook to their board and the effects of negative publicity. For example, if they sold the plastic to a company in China, and it came out that they contributed to vast amounts of air pollution as the plastic is often burned openly or without filters, it would come back badly on them. It's also part of their corporate or standards charter. So, Waste Management would have to confirm where the plastic goes, how it is sorted, what is sold, and what is sent to be processed into fuel. That would mean having access to a working P2O processor at a factory that is commercially operational, see that the plastic goes in, and see what comes out. It can't be done with a company that does not have permission to operate commercially.

What really excites me about a company like Waste Management is how they can partner with JBI for processors. Locating processors at waste facilities and at recycling facilities is a great option in the long run. JBI does not have to invest in land, buildings, overhead, have a regular and fixed feedstock flow, and maintain control of the technology as well as have a far greater share in long term profits per machine. A firm like Waste Management would get cheap fuel, save on costs related to transporting, sorting, and landfill tip fees (for plastic) as well as a possible percentage of fuel profits (depends on what is provided by each) whatever is agreed to, and they only have to give up 500 square feet of indoor space, per machine, to do this. They already factor in the cost of disposing of unwanted plastic into their budget so they don't have to find money to do any of this and save money in the long run having a P2O processor. When you look at the costs of setting up on your own compared to these symbiotic relationships, the number of additional machines in the market is staggering, especially if you look at the cost of the JBI technology compared to others, $200,000 each compared to several millions each.

Can you imagine anyone in the waste or recycling business, having an offer like this on the table, and explaining to their board of directors and/or shareholders, that they would rather pay to get rid of their unwanted plastic, pay more for diesel, feel they really don't need another revenue stream, and we would rather tell the general public that we prefer to put plastic into landfills so their children's children's children can deal with the effects on the environment. There is a word for people who put forward propositions like this to their boards and shareholders, "unemployed".