Plastic2Oil Inc (PTOI)

[Rawnoc]

3 processors = cash flow positive for current operations is what they said.

If they build out 100+ machines all at the same time, there will be cash outflow of course for that. They expect to get project-based financing for processors with JVs (according to the AGM) so the cash flow would probably still be positive as somebody else would be footing the bill.

I further think the company was just being conservative -- under promise over deliver mode and that just 2 processors could very well prove to be cash flow positive. In the mean time, 1 processor should slow down the cash burn rate which was $1.2 million last quarter.