Plastic2Oil Inc (PTOI)

[jimmenknee]

You cannot cleanly connect all the dots Justice-- honestly-- it ain't there:

third party validation regarding the process from three companies,

Isolated no issue.

results of the stack test,

Isolated no issue.

the New York DEC's unprecedented permission to allow JBI to operate during the permitting process.

Isolated no issue.

There is no issue with establishing a valid pyrolysis-based process. This board has argued "competition" relentlessly to no avail. Kind of silly then to argue it as a non-valid process given the process exists, is valid, and is "old." The only "true" argument is if JBI's is better, which cannot be argued fairly until the exact nature (in sufficient quantities [i.e. > 20 {soon to be 50} tpd]) of the feedstock is revealed and we get the consistent yield/residue it will produce.

A long term lease on a recycling facility that only needs to break even to provide the company with enough free feedstock, as well as other sources of free feedstock.

A chink in the armor here-- on surface again it suggests the movement away from "scrap" and towards "waste." Here's a ponder: was this the source of the "10-years of free plastic?" If so (and even if not), why lease? Why take on the "risk" of "just needing to break even" by leasing?

A blending facility, no need for a refinery.

This was already an abstract head-scratcher given the disconnect to selling straight to a refinery combined with the non-blood but extreme-affinity relationships. (Never liked the smell of this fundamental.)

(Do you truly believe for the complete P2O package [e.g. moving one into a recycle facility] will only cost $200k? Again-- unfair to attempt comparison until a copy of the 1st Offer/Agreement is made available.)