Plastic2Oil Inc (PTOI)

[Artiztic1]

I agree, I don't know the full capacity of said units. What I do know for fact is - the current limits set by the DEC permits. (Verify with attached link page 3)

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


In keeping it real, one should note that you nor anyone else that I have read here knows the true full capacity limit of the 30-toin units, so you do not know what the capacity of the full plant (1 20-ton and 2 30-ton) actually will be.

Correct we do not know, what we do know is the 30 ton has yet to be tested at the maximum capacity by the DEC and it may or may not even pass said test. This test according to the DEC will need to take place within 60 days of achieving maximum capacity - but no later than 180 days of the newly released permit. (Verify with attached link page 9)

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003255/f8k061411ex99ii_jbi.htm



It has been assumed the 30-ton does 50% more than the 20-ton but we do not know this one way or the other, as of yet.


True, we don’t know the final destination - however if it stays at the Niagara Falls plant it will be bound by the current DEC limits, conversely if it’s moved elsewhere this will reduce the revenue projections for said facility.


Hell, we do not even know if the 3rd 30-ton processor in our possession is intended for the Niagara plant. Maybe the 3rd one we are aware of is headed somewhere else and the 4th or 5th unit will be the one placed in the NY plant??

I disagree, there’s no reason not to train them on a processor running at full capacity, the way it’s been reported here the processors basically run themselves.


Additionally, it has been noted by a few here that the company has indicated the Niagara Falls plant will be used for training for personnel to working at remote sights. Training inherently suggests that the plant will not run at its maximum capacity, day in day out, particularly if the rollout is done at a quick and consistent pace, requiring regular training of people every other week or something like that. So, while you may think the permits placed a less-than-capcity cap on the 3-processor plant, you are making several assumptions and your statement is not strictly based in fact.


The purpose of my post was to take what we did know “the current maximum limits” set by the DEC at the Niagara Falls plant and come up with meaningful earnings/revenue projections.

You bring up a great point of the possibility of the 3rd processor going elsewhere. With that said, we should probably project earnings based on one 20 ton and one 30 ton processor, and then separately project earnings for one 20 ton and two 30 ton processors at the same plant. I prefer to base the projections on the current maximum limits and with the most current sales price per barrel, while adjusting as we go to new approved limits/prices per.