Plastic2Oil Inc (PTOI)

[HomerRomer]

I bet that JBII would be doing that same thing you mentioned if he did not get a HUGE deal on the blending site. If JBI had to build a new blending site for $3-4,000,000+ near their processing plant, I bet they would not have gone that route already. But it was a no-brainer investment that I'm sure was in JB's master plan the entire time. It borders on genius if you look at the numbers and potential! If the blending facility brings in the same revenue as in previous years and enables JBII to ask just .06% more for their fuel, they have the facility paid for in one year. It will probably take a matter of a few months max to pay for itself, IMO.

A couple years ago, I went to a sheriff's auction and came home with another banquet facility for $200k that would have cost me $2,000,000+ to build new. I still feel pretty good about my deal, but JB's makes my purchase look like I got ripped off, and his will make MUCH more money than I could ever dream of!

"Originally, costing about $3,000,000 to outfit, the site previously generated over $230,000,000 in annual revenues. Historically, the site supported 80 tanker trucks per shift and used four high speed bottom loaders to fill the trucks. A purchase agreement in the amount of $130,000.00 has been signed and the Company anticipates the transaction to close within 30 days."

http://www.jbiglobal.com/news/2010-press-releases/20100212-jbi-acquires-fuel-distribution-and-blending-site.aspx

HomerRomer