Plastic2Oil Inc (PTOI)

[the big guy]

well, mainly because they only had 300k in the bank in cash last time I looked and their burn rate is 1M/quarter. I see nothing that they could reasonably get a bank loan with, much less investors willing to settle for 6%.

Your list of accomplishments is impressive, but not consistent with my expectations of a project such as this. I would have expected them to be "on-stream" with this in 4-5 months, including Procurement, with a full 3-processor facility in NY, fully permitted.

Based on that, they might have a chance, if their profitability and Cost numbers were accurate.