Plastic2Oil Inc (PTOI)

[Rawnoc]

Fiction vs. Reality

Fiction:

(1) "plastics which carry a market price of several hundred dollars per ton"

(2) "which could be sold for any price, let alone the price of crude oil which is currently over ninety dollars per barrel"

Reality:

(1) "The Company receives free waste plastic for our Plastic2Oil processor(s) from Chrysler, General Motors, major food packagers, dairy companies, agricultural plastics, and from many other sources. The company is also recycling thousands of gas tanks, as well as bales of plastic film and many other free industrial-sourced waste plastics that are usually sent to landfill. The Company does not pay for any plastic."

(2) "As of August 19, 2011, with a NYMEX crude price of $82.81, Coco Paving is presently ordering and purchasing full tankers of petroleum distillate at $109.80 per barrel."