Plastic2Oil Inc (PTOI)

[the big guy]

Further on the gate meeting.

I was there because I am a member of the Project Team. The purpose of the meeting is to assess whether it makes sense to continue the project. All of the Project Team and Stakeholders (key management team, etc) were there plus some consultants. As expensive and educated and experienced as the company can get. Purpose is to (in a friendly way) pick apart what is presented to the point where it is perfect and everybody agrees the company's money is being spent wisely. Outcome is to GO/ No Go.

Contrast this with JBI. JB owns the company and can do whatever he wants. There is no governance at all. He even can direct the BOD as far as I know. So he built the whole machine himself, did all the design, and admittedly is pretty smart. And probably him along with a few key sales people and family members have landed a few deals.

Well, no one person is smarter than a roomful of the best people available for hire. Part of learning to work in an organization is to accept criticism and be a team player. It takes maturity and builds true leadership.

What should that tell you about this company, these news reports, and the stock?

That is why I don't believe JB and in the JBI stock.