Plastic2Oil Inc (PTOI)

[the big guy]

I don't need to.

I read it before. Like most PRs from JBI, they contain very little details and leave rather large holes up to the investors to fill.

Yes it could be called a "JV", but the fact is that the only agreement is for Heddle to provide the services to outfit the ship. No money changes hands until there is someone willing to pay. Sounds stupid, but those are the basics. Makes great PR. Heddle does nothing until someone decides to make an investment in a ship. That is a big investment.

Reminds me of my current workplace. We are paying an engineering firm to do a Study. Required to actually. It is to plan for a major investment over $100 Million. We are paying them $1M. I am managing it. The point of the study is to figure out exactly what the final ($100 Million) number is and what the ROI is.

Would you say that this is a "JV" and that whoever invests in my company will be rich because someone is sure to spend $100 Million?

Not likely.

An Engineering firm, like Heddle, just wants to keep their people busy and bill them out and they could care less who they bill them out to. For them to sign that agreement takes the stroke of a pen. No money changes hands.

And who says that his helping out to build the plant means anything? SO what? As long as he gets paid does he care? ANd he visited the plant? Well... sign me up.

Someone has to figure out whether or not Marine P2O makes sense. I have never seen an analysis of it.

Means nothing. Sound great.