Plastic2Oil Inc (PTOI)

[Artiztic1]

10KA filing date 7/18/2011


We have designed our P2O processors to take up approximately 1,000 square feet of space (for processors with up to a 20 MT capacity), giving the processors a small footprint. This facilitates the construction of multiple processor sites. We estimate that the costs of constructing our initial P2O processors on industrial partner sites will be in the range of $400,000 to $900,000Page 8 section 3

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003733/f10k2010a1_jbi.htm

So now that the footprint has doubled to 2000sq' perhaps the cost has doubled as well.

What's more interesting is Honest John filed the 10KA on 7/18/11 two weeks after he told Brigg on 7/7/11 via a phone call that the footprint had been increased to 2000sq'.

So he tells Brigg on 7/7/11 that the footprint is now 2000sq' and then files with the SEC 11 days later that the footprint is approximately 1000sq'.

It appears Honest John has a real problem with being honest.

BRIG_88 Share Thursday, July 07, 2011 7:39:13 PM
Re: Artiztic1 post# 118029 Post # of 125696

WELL WELL!!! I just called the company and John answered the phone. He's working late and i couldn't believe i got him. You are CORRECT. The machine will not fit in a 1000 sq foot space any longer. It did at one point. He told me there have been so many changes and improvements it has expanded to 2000 square feet, He also told me there are additional changes that reduce space requirements for multiple processors installed at a single location. He wouldn't give me details. I asked if this would be an issue for JBII expansion or an issue for JV's he's working on. His response? Nobody cares. There's your answer straight from the man.....more space....nobody cares....dead issue.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64981724

And yet, the website still claims 1000sq' footprint:

Our processor footprint requires only about 1000 square feet and costs a small fraction of what other companies currently offer

http://www.plastic2oil.com/