Plastic2Oil Inc (PTOI)

[dispoman]

Based on the stock price action leading up to the 10Q, it was probably a good guess that it would disappoint. It didn't disappoint me, but it sure disappointed somebody. I am still of the opinion that there are people in the know and they buy and sell ahead of the herd. That applies to most every stock, not just JBI.

I still have high hopes for the company, but I do believe there is a problem with the Management. In my estimation, management of a public company includes management of shareholder expectations and prompt dissemination of information. I don't think the company does either well. In addition, I think management has done a poor job of directing its resources. If the process works, then the priority should be to become cash flow positive. Once at that stage they could have embarked on all the tinkering (e.g. pre-melt) that they like. The priority should have been getting two more processors up and running. Also, as was pointed out to me, the segmented presentation of the inventory indicates no stored fuel. That does kind of muddy up the waters. Given no inventory, it would appear that the single existing processor is not processing very much.
Can't say I am not concerned.