Plastic2Oil Inc (PTOI)

[Artiztic1]

If revenues are only 100k, it's a massive disapointment. JBI had revenues of 81k in the P2O segment last quarter, with up to 24k possibly coming from Coco.

JBI INC will start providing a Petroleum Distillate product to Coca Asphalt Engineering- A division of Coco Paving, to be used in it's manufacturing division ( emulsion ) starting June 10th. 2011, at a discount price of $0.69/litre for a one (1) year period with first option of renewal and purchased solely on Coco's approved weekly/biweekly/monthly demand basis.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003196/f8k061011ex10i_jbi.htm

According to some here this deal is worth approx 8k per week, in and of itself would be 100k per quarter. If they sold three weeks worth in the 2nd quarter that would leave approx 57k made by the paper/plastic recycling division that P20 is rolled into with.

So, anything less then 157k in the P2O segment, will mean that somethings gone horribly wrong with securing any new sales - OXY who?

And one would then have to question what went wrong with the dozens of new companies reportedly testing the fuel.



If revenues are only 100,000 dollars I will be disappointed but it will not in itself have any big impact on my confidence in management.