Plastic2Oil Inc (PTOI)

[Artiztic1]

No confusion here Raw. A cap is a cap and currently they have a annual cap that falls far short of thier annual capacity - just keeping things real.

For some unknown reason the DEC capped them, why cap them at less then capacity? I'm sure John asked for more as he certainly wouldn't ask to operate at less than full capacity for 3 processors - so if he asked and was denied/capped - getting future full capacity may not be as "easy" as you think.

I know they can apply for more prior to limits being met, but again they must have certainly already applied for more the first time and for some reason they were only approved at less then full capacity???

So when figuring earnings projections it should be at least based on the current approval/permit/facts which can then be raised in the future if the permit limits are increassed.

I'm not trying to bash anyone or the company as I've made a "TON" of loot with JBII, and I think John and his crew have a lot of accomplishments to be proud of - obtaining the permits was no small feat - again I'm just keeping it real.

If the annual waste receipt limit is used the daily is only 53.4 tons.

19,500 tons/year / 365 days = 53.4 tons/day.

With 3 processors that's 17.8 tons per day each, or only 3/4 of a ton per hour each - this is what the permit currently allows.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003255/f8k061411ex99i_jbi.htm