Plastic2Oil Inc (PTOI)

[Artiztic1]

That would be correct, however I highly dought the DEC is going to raise the current limits prior to the new testing that needs to be completed in the next 60 days or no later than 180 from the date of permit. If those tests go well, and the building size can support more waste and or any other criteria the DEC may need to be met, is ultimately met - they will then raise the limits.


The permittee must submit a separate written application to the Department for permit renewal, modification or transfer of this permit. Such an application must include any forms or supplemental information the Department requires. Any renewal, modification or transfer granted by the Department must be in writing.

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





OR, with a letter to the DEC requesting new limits to match the capacity of the machines......

75 tons * 2000 *365 = 54,750,000 lbs per year.

54,750,000 = 24,886,363 kg * .69 per liter = $17,171,590 gross income.

Investors will choose whichever scenario they believe to be most likely in their evaluation of JBI's potential.

Also these calculations assume that there are no additional modifications to the processors to increase the throughput.

If such modifications are made, then these numbers will be low by however much the throughput is increased.