Plastic2Oil Inc (PTOI)

[jimmenknee]

Updated numbers show the continuing (and increasing) concern (contributes to the stated "ongoing concern"):

The supplemental revenue derived from JBI's subsidiaries is dropping dramatically Q to Q (and I believe there are plenty of hints at their disposal esp. Javaco) while the % of SG&A + R&D to revenue is increasing.

This IMO places a large burden on P2O to rapidly generate revenues to offset while simultaneously attempting to produce additional units and place them in JV sites.

Having said all that I believe these next 2Q's are critical fundamentally; and technically it sets up into short-term directional pivot-point by the end of June.

	                Q1 '10	Q2 '10	Q3 '10	Q4 '10	Q1 '11	Q2 '11 
 Total S&GA + R&D	3677	2752	2508	3174	2602	4551 
 Revenue	        3600	3803	3297	1720	2202	535 
 As a % of Revenue	100.89%	71.05%	73.01%	165.76%	105.09%	809.35%