Plastic2Oil Inc (PTOI)

[Artiztic1]

The company is currently producing a asset (fuel) it would be easy enough for JBi to place a little * breaking down fuel assets produced and stored/unsold. Since the fuel price is a moving target, he could plug in the going price of the fuel on the last day of the quarter with another little asterisk.

If the company is currently producing 109 barrels a day then that's a huge asset that requires reporting and accountability...no?

109 barrels per day over the last quarter is almost 10,000 barrels at full production - this should be broken down and reported in sales/assets - if inventories is a poor way to do so.


Fuel produced/sold/stored is something the company should be shouting from the rooftops in a clear and easy to read format in the next 10Q.

Can we agree on anything?





It depends how they expenses the costs to produce the fuel. Inventory at the end of Q1 was listed as ZERO even though fuel was obviously produced.

I've seen other oil and gas companies consistently carry a zero figure for inventory even though they had some tankers full at any point in time, and I didn't understand it but it is what it is. One thing for sure -- the feedstock inventory for be at or near zero because it's free.