Plastic2Oil Inc (PTOI)

[dreaminbig]

You've asked multiple questions:

Estimated revenues Q3?
How much fuel did they sell?
Did they sell more to Coco?
How much cash will they have?
Can JBI land additional long term fuel contracts?
Cut the cash burn rate down significantly?
Secure more advantageous financing?
Are they selling anything?
How many barrels is the first processor producing/week?
Are they still working on the pre-melt system?

Q3 P2O Revenue Estimates

Please respond to this post if you would like to throw out an estimate. I'm just curious what longs are expecting. For clarity, the estimate should be for fuel sales, not the MRF additions.

I don't know if the first processor can't produce 500+ barrels a week, or if they can't sell it all. We know they were and maybe still are working on the pre-melt system, and that will cause production to not meet the full capacity.

My very lazy and loose estimate of what one processor is suppose to produce(based on claims), is around $600,000/quarter(pretax). My hope/prediction, based on another loose and lazy estimate of what the Coco deal brings, is around $200,000. That would be a nice number to hit, and would be even nicer if they exceed it. That would show JBI meeting around 1/3 of their claimed capacity, even while making changes. I think downtime and tinkering will be a fact of life for each processor, especially in the beginning. So, I don't expect it to reach 100% capacity overnight, but hope that each additional processor reaches that point quicker with each install. It's tough to judge, because maybe processor 1 will always be a testing machine, and maybe each additional processor will quickly reach capacity. Whatever it is, it looks like it may be a slow process of the market getting confirmation on exactly what the capacity of the processor is. Looking forward to the next quarterly. How much fuel did they sell, and how much cash will they have? Can JBI land additional long term fuel contracts to cut the cash burn rate down significantly and secure more advantageous financing? The stock will probably remain very volatile and lack strong/aggressive accumulation(that pushes us strongly into the $2's) while we wait for answers to these pertinent questions.