Plastic2Oil Inc (PTOI)

[Justice37]

I didn't say Joint Venture. A Joint Venture would be fine, certainly it's not unreasonable to think WM would look at this while they are conducting their audit of JBI now.

What I referred is related to the business plan as discussed on the CC. Three options. JBI installing P2O Processors at a waste site, JBI installing P20 Processors at a recycling facility, and the third were joint ventures where more of business aspect of the P2O is dealt with by others. In the first two scenarios the partner would provide building space, have access to inexpensive fuel, and not have to either pay to have plastic sent to a landfill or greatly reduce the amount of plastic in a landfill they own, greatly extending the life of the landfill. JBI would own the machine, get access to free feedstock, and from what I got from the CC, would get most of the profits from the selling of fuel. It would depend on individual agreements with the partners.

As I understand it, a Joint Venture would be more along the lines of what is happening with Al Sousa, he has the rights to certain areas, has the buildings and overhead, JBI provide the machines, catalyst, and maintenance, contracts are negotiated for feedstock and sales of fuel by the JV partner. My understanding of the deal with Sousa is he is going to have 45 factories in Florida with two P2O machines at each. According to the CC he going to be up at the JBI site in January, 2011. His deal was dependent on JBI starting commercial operations. That is why it is game on for Al Sousa.